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5 days ago · Farmers will be taxed 300 kroner ($43) per ton of CO2 equivalent emitted from 2030, the government said on Monday. Five years later, the tax will rise to 750 kroner per ton, though farmers will benefit from higher tax deductions. Denmark is set to become one of the world’s first nations to introduce such measures.
5 days ago · Commuters in Zurich. , Photographer: Stefan Wermuth/Bloomberg. (Bloomberg) -- Swiss businesses have benefited from being able to easily tap foreign workers, according to a government report published amid political fighting over immigration and free movement of people from the European Union. A record number — a net 142,300 — immigrated to ...
5 days ago · SUVs for sale are seen at an auto mall in Ottawa, April 26, 2021. , THE CANADIAN PRESS/Justin Tang. An auto industry group on Monday warned dealerships to be alert for scammers as outages continue after cyberattacks last week. The alert comes as CDK Global, an Illinois-based company that provides software for several auto dealers across Canada ...
5 days ago · That’s the steepest drop since February 2023, according to Bloomberg calculations based on data from the Ministry of Finance. The combined spending under the two accounts fell 2.2% on-year to 13.61 trillion yuan in the first five months. That leaves a fiscal shortfall of 2.25 trillion yuan, widening from January-May last year but below the ...
5 days ago · Yuan Pressure Mounts as Trading Disruptions Appear Once More. (Bloomberg) -- The yuan is bumping up against the weak edge of its allowed trading range against the dollar, and once again, certain currency transactions with shorter settlement dates are being affected. Overnight swaps haven’t traded since Tuesday, as the implied yuan price they ...
5 days ago · It has gained 38% in 2024. BASF and Eramet in 2020 announced plans to invest as much as $2.6 billion in the Indonesian plant alongside nickel producer Eramet. Around that time, surging sales of electric vehicles sent prices for battery metals soaring, sparking widespread fears of shortages. Prices have since slumped on the back of rising ...
5 days ago · Nvidia Corp. shares entered correction territory on Monday, as an ongoing selloff erased a historic amount of value for the AI-focused chipmaker. The stock fell 6.7 per cent, its third straight negative session and biggest one-day percentage drop since April. The three-day drop erased about US$430 billion from Nvidia’s market capitalization ...
