6 Min Read
WASHINGTON/BRUSSELS (Reuters) - The United States hopes to restore its shattered credibility when it hosts a climate change summit next week by pledging to cut its greenhouse emissions by at least half and securing agreements from allies for faster reductions, according to two sources familiar with the matter.
FILE PHOTO: Snow is seen on the San Gorgonio Mountains behind a windmill farm in Palm Springs, California, January 7, 2016. REUTERS/Sam Mircovich/File Photo
A 50% reduction from 2005 levels by 2030 is a minimum level urged by environmental groups, hundreds of corporations and European Union lawmakers. It would be the first upgrade of the U.S. climate target since 2015, when former President Barack Obama pledged a 26%-28% reduction by 2025.
SOURCE / ECONOMY
Kagome’s move a publicity stunt with no major effect: expert
By GT staff reporters Published: Apr 15, 2021 09:37 PM
Tomatoes are loaded onto a truck in Bohu County, northwest China s Xinjiang Uygur Autonomous Region, Aug. 5, 2020. Over 1,000 hectares of tomatoes for further processing have entered the mature season in the county at present.Photo:Xinhua
Tomato farmers in Northwest China s Xinjiang Uygur Autonomous Region have shrugged off a hostile move by Japanese firm Kagome, known as Japan s king of ketchup, which banned tomatoes from the region over widely debunked forced-labor claims, in what has been described as a publicity stunt that has no major impact.
By Emma Okonji
Global Accelerex, the Nigerian subsidiary of Accelerex Holdings Mauritius (Accelerex) has been assigned A-Credit rating by Agusto & Co and A2NG (short term, stable outlook) credit rating by Global Credit Ratings (GCR).
In its ratings announcement, Agusto & Co noted that the assigned ratings reflect Global Accelerex’s good financial condition evidenced by good profitability, good cash flow, satisfactory working capital, and low leverage. Agusto & Co. also took into cognisance the company’s qualified and experienced management team, market leadership position in the payments space and in the fintech industry in Nigeria.
GCR, in its ratings announcement, said the ratings reflect the company’s relatively strong credit risk profile, strong alliance with Nigerian financial institutions and other industry players, as well as technical support from its main supplier.
3 Min Read
LONDON (Reuters) -Oil prices eased on Thursday but remained close to a one-month high that was driven by more positive demand forecasts from the International Energy Agency (IEA) and OPEC as economies start to recover from the COVID-19 pandemic.
FILE PHOTO: The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann
Brent crude was down 21 cents, or 0.3%, at $66.37 a barrel by 1351 GMT after touching its highest since March 18 at $66.94.
U.S. West Texas Intermediate futures fell 33 cents, or 0.5%, to $62.82. It had earlier reached $63.48, also the highest since March 18.