Global
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The US Congress has passed its first federal crypto law. The Genius Act introduces national licensing and strict stablecoin rules. Bitcoin inflows have surged as the legislation triggers a rapid response from global regulators. Industry leaders call this a watershed moment for digital assets and the financial system.
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AI firms face scrutiny over safety after a new report finds leading developers unprepared for human-level intelligence risks. Major industry players receive failing marks for planning, highlighting gaps in safety strategies as artificial general intelligence moves closer.
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Microsoft and Vaulted Deep announce a major carbon removal deal. The partnership will see Vaulted Deep sequester up to 4.9 million tonnes of carbon dioxide over 12 years, marking one of the largest carbon removal agreements globally….
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General Motors partners with Redwood Materials for energy storage solutions. The agreement focuses on using second-life and new GM batteries for energy storage, addressing growing electricity demand from data centres and renewable energy sources. Redwood aims to enhance US energy independence and resilience….
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Stellantis halts hydrogen fuel cell program amid market challenges. The automotive group abandoned its hydrogen vehicle plans, citing infrastructure limitations and high costs. Stellantis will focus on electric and hybrid technology to meet consumer expectations and regulatory demands….
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US firms sustain or boost ESG investments amid scrutiny. Most large US companies continue investing in sustainability, viewing it as a growth driver, despite reduced public discussion due to political and regulatory scrutiny, according to an EcoVadis survey….
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EU Ombudsman queries European Commission on procedural lapses. Ombudsman Teresa Anjinho seeks explanations from the European Commission for not following procedural steps in launching the “Omnibus” initiative, which aims to simplify corporate sustainability reporting….
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EU banks have made notable progress in climate risk management. European banks have significantly improved their practices for identifying and managing climate and nature-related risks, though further expansion across all risk categories is necessary, according to the ECB’s Frank Elderson….
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Schneider Electric unveils Zeigo Hub to aid supply chain decarbonisation. The new platform offers tools for supplier engagement, emissions tracking, and customised decarbonisation programs, addressing increasing demands from stakeholders for transparent and actionable supply chain emissions reporting….
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Amogy secures $23 million to expand clean fuel technology. The recent funding brings Amogy’s total to $80 million, strengthening its focus on ammonia-based solutions for maritime and power generation. The company targets expansion into Asia, with plans for a project in South Korea….