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By 2034, the world will have developed carbon capture capacity of 440 million tonnes per year. Wood Mackenzie, a global energy data and analytics provider, predicts that storage capacity could reach 664 million tonnes, with total investment at $196 billion. In a report titled “CCUS: A 10-Year Market Forecast,” WoodMac predicts that nearly half of global CCUS (carbon capture, utilization and storage) investment over the next decade will be for CO2 capture, with $53 billion for transportation and $43 billion for storage. Energy experts estimate that government support in major countries is currently at $80 billion, with the US accounting…
new york CNN — Walgreens plans to close a significant number of its roughly 8,600 stores across the U.S. as it tries to turn around the struggling drug chain’s business. The company did not provide specifics on how many stores it would close, but said Thursday it plans to close a “significant number” of underperforming stores across the U.S. as part of a multiyear optimization program. Chief Executive Officer Tim Wentworth said on a conference call with analysts on Thursday that “changes are imminent” for about 25 percent of stores that are unprofitable and that Walgreens’ strategic review “will include…
Japan’s industrial production rose 2.8 percent in May from the previous month, beating the 2 percent forecast by economists polled by Reuters. Headline inflation in Japan’s capital, Tokyo, accelerated to 2.3% year-on-year in June from 2.2% in May. The yen hit a 38-year low against the dollar, falling to 161.27 yen per dollar. Asia-Pacific markets rose on Friday as investors assessed key economic data from Japan and awaited U.S. inflation readings later in the day. The Japanese yen hit a 38-year low against the dollar, falling to 161.27 yen to the dollar. Japan has appointed Atsushi Mimura to replace Masato…
Japan will release June inflation data for the capital, Tokyo, which is widely seen as a leading indicator of national trends. The yen remains above 160 yen to the dollar after hitting a 38-year low against the dollar on Thursday. Asia-Pacific markets are expected to open mixed on Friday as investors await key economic data from Japan and US inflation figures for clues on the direction of monetary policy in both countries. The Japanese yen remains above 160 yen to the dollar, most recently at 160.72 yen, after hitting a 38-year low against the dollar on Thursday. Japan will release…
You’re reading our Today’s Opinions newsletter. Sign up to get it delivered to your inbox.In today’s special discussion,Expect tonight’s presidential debate to last seven and a half hours, because Post Opinion question.First, we asked 21 reporters what they would like to ask President Biden and former President Donald Trump if they had the chance. The results were a much more productive debate than we would have seen, touching on benefits, NATO, and the crises in Myanmar and Sudan, with very little mention of sharks or shorted batteries on boats.Bina Venkataraman I want to know how the candidates plan to protect…
In this State of the Economy podcast, BusinessLine’s Anjana PV speaks to Anirudh Tagat, study author at Monk Prayogshala School of Economics, about the impact of internet shutdowns on businesses. A recent report by the Keep It On coalition, a group of civil society organisations fighting against internet shutdowns, noted that there were 116 internet shutdowns in India last year. These shutdowns also impact businesses. The internet has become a vital tool for businesses across the world, and disruption of this access can have severe consequences. One such shutdown, an internet shutdown, can disrupt the functioning of businesses, especially start-ups…
The Islamic Republic of Iran is set to hold special elections on Friday to choose a new president following a helicopter crash last month that killed incumbent President Ebrahim Raisi and several other top officials.Four approved candidates remain in the race, with three likely to break through: Massoud Pezeshkian, a former health minister who is trying to rekindle hope among millions of Iranians that reform of the system is possible; ultra-hardliner Saeed Jalili, who served as Iran’s lead nuclear negotiator more than a decade ago and remains committed to the same principles of resisting outside pressure and influence; and Mohammed…
“He’s a smart guy. He’s intelligent. He’s been through this time and time again. And he’s what we call in Yiddish a ‘mensch,'” said Mr. Bergstein, 70, a Biden supporter. “Unfortunately, his opponent doesn’t have those skills.”Still, Bergstein expressed some concern about how others might perceive the president’s age.”My only worry is that people won’t listen and they’ll just watch. Biden is 80 years old and he doesn’t run. He walks,” he said. “And I do that sometimes too.”Trump has also derided Biden for months as a weak and incompetent debater, calling him “the worst debater I’ve ever faced. He…
BRIDGER — Exploring the Pryor Mountains just got a lot easier, as one couple fell in love with the ranges so much they decided to make adventure part of their business model by offering side-by-side rentals. For the Vargas family, the Pryor Mountains are home. After living in Bridger for more than a decade, they took over a house in the Pryor Mountains. MTN News They also love riding side by side.”We wanted to share the mountain with everyone,” said Reza Vargas, one of the owners of Ride Pryor Mountain. “There’s nothing like this in the area.” MTN News Ride…
How will eVTOL hopeful Archer Aviation fare in the race for investment capital from weight-loss drug developers?What does the financial industry think about the current state of the Urban Air Mobility movement and the prospects for a successful eVTOL (electronic vertical take-off and landing) company? Advisors at The Motley Fool (TMV) compared the growth potential of an investment in Archer Aviation, developer of the promising Midnight eVTOL, to the prospects of making a killing with Viking Therapeutics, a pharmaceutical company developing a weight-loss drug known as VK2735.After listing off a series of key financial data points (for its viewers), TMV…