Topsoe, a global leader in carbon emission reduction technologies, and Steeper, a pioneer within biomass conversion technologies, have today signed a global licensing agreement for a complete waste-to-fuel solution. The agreement combines Topsoe's unique technologies in renewable fuels and hydrogen production as well as decades of experience in engineering, with Steeper's proprietary Hydrofaction® technology and industry know-how.
Nokia on Thursday beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker said it had been able to gain market share, benefitting from 5G roll-out in countries such as India. "We are taking market share now," Chief Executive Pekka Lundmark told Reuters, adding the growth was broad-based and calling India "the highlight of this story". Nokia shares opened up 5.8% in Helsinki.
TOKYO (Reuters) -Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said. The 66-year-old Toyoda on Thursday announced he would step aside as leader of the company his grandfather founded from April 1 to take the role of chairman. In recent years Toyota has become a target of activists and green investors who had once heralded its hybrid technology, but who now slate its belated embrace of electric vehicles (EVs).
French carmaker Renault and its Japanese partner Nissan are closing in on an overhaul of their automaking partnership, in what could mark a sweeping reset of their two-decade alliance. The partnership, which has grown to include junior member Mitsubishi Motors, was founded in 1999 and long dominated by former Renault and Nissan top executive Carlos Ghosn. It gave Nissan a 15% stake in Renault, on a par with the French state, but no voting rights.
ADVENTDALEN, Norway (AP) — Kneeling by his crew as they drilled steel bolts into the low roof of a tunnel miles-deep into an Arctic mountain, Geir Strand reflected on the impact of their coal mine’s impending closure. “It’s true coal is polluting, but … they should have a solution before they close us down,” Strand said inside Gruve 7, the last mine Norway is operating in the remote Svalbard archipelago. It’s scheduled to be shut down in two years, cutting carbon dioxide emissions in this fragil
Tiff Macklem's decision to press pause offers rich world a 'glimpse' of where monetary policy is headed
Cineplex stock is trading near all-time lows. Here's why I think this is unwarranted and that the stock represents excellent value. The post Cineplex Stock: How High Could it Go in 2023? appeared first on The Motley Fool Canada.
The rise of technology stocks continues under the leadership of the Nasdaq technology exchange on Wall Street; quarterly figures and investor confidence in interest rates are rising. In the past year, the situation was reversed: while the Dow Jones had held up comparatively well, the Nasdaq 100 slumped by around a third; now the tide has turned.
The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, three sources with knowledge of the inquiry told Reuters. The SEC has been questioning advisers' efforts to follow the agency's rules around custody of clients' digital assets for several months, but the probe has gathered pace in the wake of the blow-up of crypto exchange FTX, the sources said. Advisers managing clients' digital assets typically use a third party to store them.
VANCOUVER — Canfor Corporation says as many as 157 employees face layoffs in one northern British Columbia town, but the company says it's too early to estimate job losses in a second community as the forest products firm restructures its B.C. operations. Canfor announced Wednesday that it is permanently closing its sawmill and pellet plant in Chetwynd, west of Dawson Creek, and shuttering its sawmill in the Bulkley Valley town of Houston for an unspecified period while it builds a new facility
SNC-Lavalin (TSX: SNC), a fully integrated professional services and project management company with offices around the world, is proud to announce that SNC-Lavalin has been appointed the Delivery Partner for the City of Calgary's Green Line LRT, the largest infrastructure investment in the city's history.
Based on its recent research and vendor assessments in the global digital employee experience platform market, Frost & Sullivan recognizes Nexthink with the 2022 Company of the Year Award. This recognition was bestowed based on Nexthink's comprehensive platform that optimizes the digital employee experience (DEX) and encourages business sustainability practices. Nexthink is revolutionizing the DEX space by bringing together real-time diagnostics of all major aspects of today's digital management
TORONTO — Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said. In a report released Thursday, the federal housing agency said the average rent for a two-bedroom purpose-built apartment, which it uses as its representative sample, grew 5.6 per cent to $1,258 compared with the previous 12-month period. The CMHC said this increase is a new annual high in data going back to 1990. The report also said
Dollarama and another discount retailer play that can help your portfolio grow in rough times. The post Bargain Hunters: These 2 Dollar-Store Stocks Are on Sale appeared first on The Motley Fool Canada.
Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce positive gold, silver and base metals prospecting results on three showings. Grab samples were collected on our fully owned flagship Knauss Creek property located 35 km northeast of Terrace, BC.
Bank of Canada should continue do what is necessary to get inflation back to target
Compound passive income by investing tax-free in your TFSA. Check out this mini-portfolio that could turn $20K into $867/year in income! The post TFSA: Invest $20,000 and Get $867/Year Without Lifting a Finger appeared first on The Motley Fool Canada.
Morgan Stanley's infrastructure investment arm informed the board of German renewables firm PNE AG that it is no longer pursuing talks with potential buyers of Photon's PNE stake, PNE said in an adhoc statement on Friday. Morgan Stanley Infrastructure Partners (MSIP) which acquired the PNE stake following a failed takeover attempt in 2020, was weighing a sale last October, Reuters reported at the time. Photon, which is controlled by Morgan Stanley, is PNE's largest shareholder.
Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose 4.3% in January from a year earlier, marking the fastest annual gain in nearly 42 years and keeping the central bank under pressure to phase out economic stimulus. While the government's energy subsidies starting next month will likely moderate price gains from February, the data heightens the chance that inflation will stay well above the Bank of Japan's 2% target in coming months as companies continue to steadily pass on higher costs to households. The rise in the Tokyo core consumer price index (CPI), which excludes fresh food but includes fuel, exceeded a median market forecast for a 4.2% gain and marked the fastest year-on-year increase since May 1981.
WASHINGTON (Reuters) -Tesla Chief Executive Elon Musk met two top White House officials on Friday in Washington to discuss how the car maker and Democratic President Joe Biden could work together to advance electric vehicle production and speed electrification of U.S. vehicle networks. Musk met John Podesta, a Democratic stalwart who serves as Biden's senior adviser for clean energy innovation, and Mitch Landrieu, who oversees infrastructure spending, the White House said.