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Trump’s dismissal of Fed governor Lisa Cook raises tensions. President Trump claimed to have sacked Fed governor Lisa Cook, alleging mortgage fraud. The dollar weakened, US borrowing costs rose, and a legal challenge is expected over the unprecedented move.
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Aalo Atomics raises $100m to build nuclear plant for AI. Aalo Atomics, a US-based nuclear technology firm, has secured $100 million in Series B funding to construct its inaugural nuclear power plant, targeting the growing energy demands of AI and advancing sustainable energy solutions….
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Blackstone to acquire Shermco for $1.6 billion. Shermco, a Texas-based electrical services provider, will be acquired by Blackstone, enhancing its focus on energy transition and electrification opportunities. The acquisition is part of Blackstone’s ongoing strategy in this sector….
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Nearly 70% of UK businesses support mandatory sustainability reporting. A survey of 150 senior sustainability leaders indicates strong backing for mandatory disclosure, with 69% in favour. However, regulatory uncertainty and manual reporting remain significant challenges for many firms.
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Asda partners with Lloyds for sustainability-linked finance scheme. The initiative offers UK suppliers improved financing rates based on sustainability performance, assessed by EcoVadis. It aims to enhance Asda’s supply chain resilience and align with its ESG goals.
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The “One Big, Beautiful Bill Act” impacts energy industry regulations. The act mandates new oil and gas lease sales, introduces prohibited foreign entity rules, and modifies tax credits, affecting energy companies’ strategies and compliance efforts….
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Google partners with Kairos Power and TVA on nuclear energy. The collaboration aims to supply Google’s data centres with clean energy, boosting the Hermes 2 plant’s output to 50 MW. This initiative supports Google’s target of 500 MW by 2035….
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Haylo Labs has acquired UK chipmaker Plessey in China-funded deal. The acquisition cleared national security review and injects new capital into one of Europe’s oldest semiconductor companies, raising questions over foreign funding in critical technologies and promising major expansion for the UK’s micro-LED industry.
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Revised sustainability rules could hinder ECB’s climate risk management. ECB President Christine Lagarde has expressed concerns that changes to European sustainability reporting could undermine the bank’s capacity to manage climate risks effectively. Lawmakers are set to discuss these proposed adjustments….
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BlackRock’s GIP acquires a stake in Eni’s carbon capture. The acquisition of a 49.99% stake in Eni’s CCUS business by BlackRock’s Global Infrastructure Partners is part of Eni’s strategy to attract investment for energy transition projects and reduce emissions….