Author: News Room

European aviation faces more than €‎800bn in extra costs to reach net zero emissions by 2050, according to industry estimates that highlight the challenge facing the sector as it decarbonises. The industry has committed to hitting net zero carbon emissions through a mix of new technologies, notably alternative fuels, as well as carbon offsets and more efficient aircraft, engines and air traffic management. Reaching net zero would need “considerable additional efforts compared to business as usual”, and would cost €820bn over a 32-year period from 2018 to 2050, according to a report commissioned by airline industry bodies.By far the biggest expense…

Rose’s Income Garden “RIG” RIG is a defensive income-quality value-built portfolio with 80 stocks from 11 sectors. RIG contains investment-grade common stock along with high yield (“HY”) business development companies (“BDCs”) and real estate investments. The income goal is to keep 50% of it from defensive sectors/ stocks and hold a dividend income yield of 4% or more, which usually is easily over 4.5%. The yield sits at 4.65% with 13.7% cash which means March finished with a nice even steady state portfolio for both value and income. The goal is for safe defensive income, with value investing being important…

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Utopia Messenger, the messaging app that prioritizes privacy and security, is excited to announce the addition of ChatGPT, your personal assistant that’s available 24/7. ChatGPT is an AI-powered chatbot that can help answer your questions and provide useful information in real-time. The best part? It’s completely free and available right after you install Utopia Messenger.With ChatGPT, you can get help with a variety of tasks. Whether you need to check the weather, find a nearby restaurant, or get the latest news, ChatGPT can assist you. And because…

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s new central bank governor Kazuo Ueda said it was appropriate to maintain the bank’s ultra-loose monetary policy for now as inflation has yet to hit 2% as a trend, suggesting he will be in no rush to dial back its massive stimulus. But Ueda said the Bank of Japan (BOJ) must also avoid being too late in normalising monetary policy, a sign he will be more open to the idea of tweaking its controversial bond yield control policy than his dovish predecessor Haruhiko Kuroda. “If the BOJ suddenly realises that…

By Ambar Warrick Investing.com — Most Asian currencies moved little on Wednesday, while the dollar retreated further as markets awaited more cues on monetary policy from key inflation data and the minutes of the Federal Reserve’s March meeting due later in the day. A from Minneapolis Fed President Neel Kashkari also kept sentiment subdued, although he also warned that higher inflation was likely to be worse for the jobs market. The dollar took little support from Kashkari’s comments, with the and both down about 0.2%. But futures were trading at a lower level than the index, indicating that investors are…

By Ambar Warrick Investing.com — Oil prices moved little in early Asian trade on Wednesday, sticking to near one-month highs as markets awaited fresh cues from U.S. inflation data due later in the day, with focus also turning to a potential build in U.S. crude inventories. Crude prices rallied on Tuesday amid growing hopes that the U.S. Federal Reserve will taper its hawkish stance, while a recent supply cut by the Organization of Petroleum Exporting Countries and allies (OPEC+) continued to provide support. Data from the showed that U.S. oil inventories unexpectedly grew by about 300,000 barrels in the week…

© Reuters. Western Union (WU) lifted at UBS as ‘competitive pressures priced in’ By Sam Boughedda UBS lifted Western Union (NYSE:) to Neutral from Sell, cutting its price target on the stock to $11 from $12 per share in a note to clients Monday. Analysts told investors that competitive pressures are priced in due to WU’s “historically low valuation” after a 20% decline so far in 2023. “In the near-term, revenue growth will likely continue to be pressured by a difficult competitive environment and promotional pricing in Western Union’s digital channel,” the analysts wrote. “That said, a recent recovery in…

Consumer Financial Protection Bureau Director Rohit Chopra said Tuesday that financial regulators already have the legal authority to implement new rules on executive pay in the banking industry, which he believes could help prevent failures like that of Silicon Valley Bank seen last month. “We can’t have a system where executives take huge risks that blow up years down the road, but can pocket big sums of money and stock options and they can fly the coop before the damage wrecks the bank,” Chopra said in an interview with… Read the full article here

Cities counting on sweeping plans to quickly turn half-empty office buildings into new homes might want to listen to Nathan Berman, the longtime go-to guy for residential conversion projects in lower Manhattan. Berman made his mark on New York City’s financial district before and after 9/11 with Metro Loft, his property development firm known for transforming outdated buildings in the fabled business district into places people want to live. “The… Read the full article here