Author: Press Room

As the world races to tackle climate change and businesses aim to offset their emissions, ecoterra is emergin as one of the best cryptos to buy now. The market for voluntary carbon credits, currently worth over $2 billion, is expected to surge as businesses buy credits to balance out their emissions during decarbonization. McKinsey & Co. predicted in 2021 that the market for voluntary carbon credits could reach a staggering $50 billion by 2030. As the global RVM market is expected to grow to $736.9 million by the same year, the ecoterra token appears to be a promising investment.Ecoterra is set to…

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Getir, one of the biggest remaining grocery apps, is set to raise $500 million, per sources. But its valuation could be almost halved to around $6.5 billion, from $11.8 billion. Like other grocery apps, Getir has a high monthly cash burn. Sequoia-backed rapid-grocery startup Getir is set to raise around $500 million in a deal that would cut its valuation almost in half, industry sources said, as the broader sector struggles with changing consumer habits and a tough funding environment.The Turkish firm, which acquired its rival Gorillas in a $1.2 billion deal in December, is primed to raise $300 million from…

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Semiconductor companies have signalled that the industry’s sharpest slowdown in more than a decade is lasting longer than expected, as weakening demand for automotive components compounds slumping personal computer and smartphone sales. Taiwan Semiconductor Manufacturing Company, the world’s largest chip producer, this week pushed back its expectations for a market recovery, as the industry bellwether projected its first decline in annual revenues since 2009. After sales of electronics boomed amid widespread component shortages during the peak of the Covid-19 pandemic, industry stockpiles of chips have been building up since last summer. “Semiconductor inventory adjustment in the first half of 2023…

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Don’t call it a dull market, but a failure to see a sustained move up or down by major indexes may have impatient investors banging their heads against the wall. “It’s a function of the trading range that has effectively characterized the major indices for…several months,” said market technician Katie Stockton, in a Friday phone interview. The… Read the full article here

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Gold futures finished lower on Wednesday, pressured by a stronger U.S. dollar and calls from some Federal Reserve officials for further interest-rate hikes, but prices held their ground above the key $2,000 mark at the settlement. Price actionMarket drivers Gold futures have spent some time trading below $2,000 an ounce. The dip in prices followed hawkish comments by Fed officials about the need for more interest-rate hikes, said Rupert Rowling, market analyst at Kinesis Money. In… Read the full article here

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© Reuters. FILE PHOTO: Sundar Pichai, chief executive officer of Alphabet, looks on during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse/File Photo (Reuters) – Alphabet (NASDAQ:) Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee’s pay, the company said in a securities filing on Friday. Pichai’s compensation included stock awards of about $218 million, the filing showed. The pay disparity comes at a time when Alphabet, the parent company of Google, has been cutting jobs globally,…

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By Nichola Groom (Reuters) – A U.S. House of Representatives committee voted in favor of restoring tariffs on solar panels from four Southeast Asian nations on Wednesday and reversing President Joe Biden’s earlier suspension, setting the resolution up for a vote by the full House. Biden suspended tariffs last June as part of a key pillar of his clean energy policy. The repeal effort is aimed supporting domestic solar manufacturers that have struggled to compete with cheap panels made overseas, often by Chinese companies, though U.S. buyers have spoken against the repeal. The resolution passed the House Ways and Means…

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(Bloomberg) — A dozen US states saw their unemployment rates fall to a record low last month, according to new data from the Bureau of Labor Statistics. Eighteen states saw a decline in unemployment rates in March, while the rest were essentially unchanged, a BLS report published Friday shows. The biggest declines came in New Hampshire, Oregon and West Virginia, where the rate dropped by 0.3 percentage point in each case. Mississippi, one of the poorest US states, saw a decline of 0.2 percentage point to 3.5%. Among the states posting new record lows for unemployment was Ohio, where the…

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