SYDNEY, July 25- London copper edged down on Friday but was still set to log its fifth weekly advance in six, as investors grow more positive towards metals given encouraging signs of economic revival and a brighter outlook for China in particular.» Read More
Travellers switching from cars to bus and rail due to environmental concerns helped Britain's Stagecoach boost year profit by 38%, beating forecasts, as it reported a strong start to its new financial year.
European equity markets looked set to extend losses next week as stocks teetered at inflated price levels with little on the corporate and economic calendar to act as a positive catalyst.
The head of Boeing's commercial aircraft unit Sunday backed a call by rival Airbus to work closely on producing more environmentally friendly planes, but said real progress was the responsibility of jet engine makers, rather than plane builders.
The increased demand for "green" vehicles is spilling over to the rental car counter, where many more drivers will soon be able to choose a hybrid vehicle. Hertz Global Holdings said Thursday it will spend $68 million to add 3,400 Toyota Prius hybrids to its fleets by 2008. And Avis Budget Group said this week it plans to make 1,000 hybrid Prius vehicles available for rent as early as next week.
The Group of Eight wealthy-nation summit in Germany is ending Friday. Now, the question arises: Is the G8 still able to confront global issues or has it become outdated? Ian Vasquez, director of the CATO Institute’s Center for Global Liberty & Prosperity, and P.J. Crowley, senior fellow and director of homeland security at the Center for American Progress, presented differing views on “Morning Call.”
This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.
A global solution is needed to tackle climate change and the inclusion of the United States in any agreement is vital, European Commission President José Manuel Barroso president, told CNBC Europe.
Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.
A federal appeals court grapples Wednesday with a billion-dollar legal question: Are insurance companies obligated to cover water damage from the failure of levees in New Orleans following Hurricane Katrina?
What goes wrong for markets from here? Morgan Stanley created ripples on the pond this morning by issuing its so-called triple-sell warning on equities. The research suggests a 14% correction likely over the next 6 months. Do you buy it? Were they producing warnings like these on the eve of the last significant correction?
China said on Monday its response to the threats of climate change must give overriding priority to economic development as the nation seeks to balance ambitions for growth with fears of environmental calamity.
Ryanair announced the purchase of 27 more Boeing 737-800s valued at $1.9 billion Thursday, bringing its total firm orders for the U.S. made planes to 308.
The Burlesque Hall of Fame is teaming up with Keep A Breast Foundation to raise awareness about breast cancer. Well, one can see how this is, as the burlesque organization says, "a match made in heaven."Now, to raise awareness, the Hall of Fame next month reportedly will host an art exhibit and auction featuring plaster breast molds of "legendary burlesque, pin-up and cheesecake queens." The museums founder, it turns out, died of the disease in 1991. Her name, Jennie Lee, was known as "The Bazoom Girl."
Britain on Wednesday set out plans to secure energy supplies and fight global warming, calling for new nuclear power plants, more renewable energy and greater efficiency.
The Sierra Club is asking U.S. automakers to build cars with something called an integrated starter-generator. Why? Well, to lower the idling time in cars of course. It would save gasoline, cut down on greenhouse emissions and help combat global warming. The lovely and talented Sheryl Crow recently called for a ban on excessive toilet paper use. I'm not sure about the calculus on this one -- but somehow that's supposed to combat global warming too.
International opinion polls are showing a rapid rise in the public's awareness of ecological problems. It is hard not to be aware of the deteriorating environment when as in Hong Kong, you can literally see the air you breathe. As awareness grows, a number of investment products have entered the market with a target demographic in mind: those that seek to reap returns, and help an ailing planet in the process.
In a Rose Garden announcement, Bush said he wanted to move ahead, pending any separate legislative approaches. The new rules will "cut gasoline consumption and greenhouse gas emissions from motor vehicles," he said.
Since we're all talking about "keeping America great" today on CNBC, I think we should start at the heart, and by that I mean in the bathroom -- okay, the kitchen; I mean at home. Americans will spend nearly $233 billion on home remodeling this year, according to a press release I got yesterday from the National Association of Home Builders. A key driver in this trend is green remodeling.
There was a time when it took guts for a politician to go in to Detroit and tell the heart of America's shrinking auto business that it needs to change its act. Not anymore. As Barrack Obama found out Monday, when speaking at the Detroit Economic Club.
The news out of Tokyo that Toyota eclipsed General Motors in 1Q sales is likely to elicit the usual round of "Detroit is dying" stories in the media. However, this news is not a surprise and does not mean Detroit is dead. Are the Big Three struggling to find their way domestically and globally? You bet.