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DevvStream Taps Asia's Soaring I-REC Market with Medellin Solar Deal; Stock Jumps
  • November 29, 2024

DevvStream Taps Asia's Soaring I-REC Market with Medellin Solar Deal; Stock Jumps

DevvStream Corp. (NASDAQ:DEVS) announced an agreement to acquire all renewable and carbon assets from the Medellin Solar Power Facility in the form of international renewable energy certificates (I-RECs). The Medellin Solar Power Facility, with a 730 MWp capacity, is part of the “2030 Smart City” plan in Cebu, Philippines. Developed by Sogod Energy Inc., it will generate 1.2 million I-RECs annually from 1.219 million MWh of energy. I-RECs certify 1 MWh of renewable energy generated and injected

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Jobs data set to pave way for rates path, stocks
  • November 29, 2024

Jobs data set to pave way for rates path, stocks

The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Part of that performance has been fueled by expectations that the Federal Reserve will continue cutting interest rates into next year, after reducing borrowing costs by 75 basis points in 2024. But uncertainty over the Fed’s rate trajectory has increased in recent months as a spate of robust economic data - including a blowout jobs report for September - stirs concerns that inflation could rebound if the central bank lowers rates too far, undoing two years of progress in tamping down prices.

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Why Is Spanish Healthcare Grifols Stock Trading Lower On Friday?
  • November 29, 2024

Why Is Spanish Healthcare Grifols Stock Trading Lower On Friday?

On Wednesday, Grifols SA (NASDAQ:GRFS) said it ended discussions with Brookfield Capital Partners (UK) Limited about a potential acquisition. This decision follows the company’s November 19 statement rejecting Brookfield’s indicative offer to acquire Grifols for 6.45 billion euros ($6.81 billion) or 10.50 euros per Class A share. Canadian fund Brookfield said it had dropped its plan to take over Spain’s Grifols due to a disagreement over the pharmaceutical company’s value, while Grifols said it

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Russia’s Tight Labor Market Has Firms Turning to Teens, Retirees to Fill Openings
  • November 29, 2024

Russia’s Tight Labor Market Has Firms Turning to Teens, Retirees to Fill Openings

(Bloomberg) -- Russia’s rock-bottom unemployment rate should be the envy of any country, but it’s instead underscoring how the labor shortage fueled by the Kremlin’s 2022 invasion of Ukraine is making it more difficult for companies to operate.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe share of the labor force out of work in Russia, already

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Why Is Aerospace Company ParaZero Technologies Stock Flying Higher Today?
  • November 29, 2024

Why Is Aerospace Company ParaZero Technologies Stock Flying Higher Today?

ParaZero Technologies Ltd. (NASDAQ:PRZO) shares are rising on Friday following the company’s announcement that it received the Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA). This approval applies to ParaZero’s SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits, confirming compliance with critical safety standards. The EASA DVR allows drone operators to expand their operational scope under the Specific Operations Risk Assessment (SORA)

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