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Controversial hydrogen plant plans get green light

Controversial hydrogen plant plans get green light

Yahoo17-04-2025

Controversial plans to build a new hydrogen energy facility have been given the go-ahead despite years of public and council concern.
Japanese firm Marubeni Europower wants to create a hydrogen storage and refuelling unit, as well as a solar energy scheme across two sites in Bryncethin and Brynmenyn, in Bridgend county.
In 2023 Bridgend council pulled out of financially backing the plans, but the firm continued its application, which was then halted in November 2024 following safety concerns.
The Welsh government paused the application, but has withdrawn its holding direction allowing the council to finally approve the plan.
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The plans have faced significant opposition and public backlash from residents and councillors over the last few years due to the site's proximity to businesses and nearby housing.
An earlier version of the application was also withdrawn after the Health and Safety Executive (HSE) lodged an objection over how hydrogen would be stored and transported at the site.
Despite these concerns, and with a new application handed in, the project was later granted a hazardous substance consent at a special council planning committee that took place in February 2025.
At this meeting, which lasted about four hours and led to numerous heated exchanges between residents and officers, it was determined the final decision would be that of the Welsh government as it had put a holding direction in place.
Holding directions allow Welsh ministers to restrict the grant of planning permission by the local planning authority.
The planning committee heard earlier that this pause was withdrawn because the issues raised "are not of more than local importance", according to the Welsh government.
Following the meeting, councillor Mark John of St Bride's Minor and Ynysawdre ward added he was "mortified" by the Welsh government's decision to remove the holding direction after such a strong public sentiment against the plans.

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Casey's General Stores Inc. (CASY) 'Has Had An Incredible Run,' Says Jim Cramer

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Trump tariffs live updates: Trump leaves G7 with UK trade deal in hand, stalled EU talks, and 'tough' Japan
Trump tariffs live updates: Trump leaves G7 with UK trade deal in hand, stalled EU talks, and 'tough' Japan

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Trump tariffs live updates: Trump leaves G7 with UK trade deal in hand, stalled EU talks, and 'tough' Japan

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Earlier this year, it was in talks to raise money and amend an agreement with lenders to shore up its finances but realized it needed a more "comprehensive strategy" after the new tariffs were announced. The chain is entering bankruptcy with a plan to continue operating, close some stores, and hand ownership to its lenders. Trump's Tariffs are affecting consumers beyond retail — they are also impacting aspects of everyday life. Families who would typically avoid the big amusement parks like Disney World in favor of more regional parks, which allow them to travel locally and avoid expensive flights are now saying they may stay home due to the economic uncertainty brought on by tariffs. AP reports: Read more here. CNN reports: Read more here. As President Trump's tariff deadline looms, what will happen when the countdown ends on Liberation Day 2.0? Yahoo Finance's Washington Correspondent Ben Werschkul looks into Trump's plan of action: Read more here. 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Japan also failed to escape Trump's wrath: "They're tough, the Japanese are tough, but ultimately you have to understand we're just going to send a letter saying 'this is what you're going to pay, otherwise you don't have to do business with us'. But there's a chance," he said. Trump also added that pharmaceutical tariffs are coming soon. "We're going to be doing pharmaceuticals very soon. That's going to bring all the companies back into America," he said. "It's going to bring most of them back into, at least partially back in." The president concluded by saying that Canada would pay for his "Golden Dome" missile shield project. Bloomberg reports that two family-owned companies are asking the Supreme Court to consider striking down President Trump's most sweeping tariffs. Legal experts previously told Yahoo Finance that they expect the case to eventually be taken up by the Supreme Court as part of the president's high-stakes legal battles over the policy. From Bloomberg: Transportation Secretary Sean Duffy said at the Paris Airshow that he wants to return to a 1979 zero-tariff trade agreement for the aviation industry but acknowledged it's part of larger tariff negotiations. "You look at what free trade has done for aviation," Duffy said, per Reuters. "It's been remarkable for them. It's a great space of net exporters. And so the White House understands that, but if you go over there and you see the moving parts of what they're dealing with, it is pretty intense, and it's a lot." The US is a net exporter in aerospace, with a trade surplus of nearly $75 billion for the sector. Since the 1979 Agreement on Trade in Civil Aircraft went into effect, US commercial aerospace exports increased by more than 2,100%, according to a white paper. Duffy highlighted some of those benefits, stating: "I think we should take aviation off the negotiating table by going back to '79, and that only helps us. And to take some tools away from our trading partners would be beneficial to us." A delegation of lawmakers is in attendance at the Paris Airshow to shore up economic partnerships. Industry lobbyists have been seeking to return to the 1979 agreement since the Trump administration imposed 10% tariffs on imported planes, jet engines, and parts. Meanwhile, macroeconomic uncertainty stemming from tariffs and other factors has begun to weigh on travel demand. On Monday, JetBlue (JBLU) revealed it was cutting flights, citing consumers pulling back on spending. Read more here. US consumers will bear the tariff cost, according to Japan's Mitsubishi Motors (MMTOY, 7211.T) which announced on Tuesday that it will raise US vehicle prices by an average 2.1%. Mitsubishi is the latest company to pass along cost increases to its customers as their expenses rise due to President Trump's tariffs. Reuters reports: Read more here. American car buyers have not yet felt the effects of President Trump's auto tariffs, which began in April. Still, many are bracing for impact and dealers are preparing to raise prices. CNN reports: Read more here. As President Trump's tariff deadlines loom, many companies are facing the massive operation to get goods out of China and into the US before the pause on higher tariffs expires on August 12. Its a race against time for many on the frontline of the US-China trade war. CNN reports: Read more here. The US and Japan trade deal seems to be drifting further away from completion. Both sides have failed to reach an agreement on trade at the G-7 summit and this has left the Asian nation moving closer to a possible recession as US tariffs start to hit its economy. US President Trump and Japanaese Prime Minister Shigeru Ishiba appear to not be on the same page. Japan were keen to meet with Trump in Canada at the G-7 meeting and hoped to persuade him to drop tariffs, which have impacted Japan's auto companies and affected the country economically. However, neither side were able to reach an agreement, with Ishiba saying: 'There are still some points on which the two sides are not on the same page, so we have not yet reached an agreement on the trade package." 'We will continue to actively coordinate with the United States to reach an agreement that is beneficial for both countries, without sacrificing Japan's national interests,' the premier said after the meeting. An agreement would have delivered concessions on some of Japan's key concerns, inculding auto tariffs. If Ishiba were to have delivered a trade deal, it would have likely helped boost his leadership and government, which took a bashing last October in a national election, leaving him with a minority government. But according to Bloomberg, the fact the two sides have failed to reach a deal, could work in Ishiba's favor as it shows he has the country's best interests in mind, as opposed to rushing into a deal that may proved unsatisfactory. President Trump and Prime Minister Kier Starmer signed a limited trade agreement between the US and UK on Monday, lowering tariffs on British car and aerospace imports. The deal grants UK carmakers an annual quota of 100,000 vehicles subject to a 10% tariff, less than half the rate other countries face. It also removes tariffs on aerospace goods, including aircraft parts. However, steel and aluminum tariffs remain unresolved, with US officials planning a quota-based exemption tied to UK supply chain assurances. According to the executive order, Commerce Secretary Howard Lutnick will determine the quota levels. Without the agreement, the UK risked facing tariffs of up to 50% on metals as early as July 9. Some industries, like pharmaceuticals, were left out of the agreement, and key provisions, including reciprocal beef and ethanol access, await final implementation. The deal is expected to take effect within a week of publication in the Federal Register, according to the White House. President Trump and British Prime Minister Keir Starmer said they had signed a trade deal that the leaders had agreed to last month. Trump said the relationship with Britain was "just fantastic" as he stood next to Starmer. "We signed it and it's done," he added. Starmer said that the agreement covers "car tariffs and aerospace," but the leaders gave no further details, including when the changes would take effect. The US and United Kingdom are on track to begin implementing their trade agreement, Bloomberg reported Monday. The deal, announced early last month, is the sole agreement President Trump has reached with trade partners during his 90-day "pause" from the steep tariffs he announced in early April. Bloomberg reports: Read more here. President Trump kicked off three days of meetings in Canada, where trade will be front and center as well as a focus on national security issues. "I'm a tariff person, I've always been a tariff person," Trump said after meeting with Canadian Prime Minister Mark Carney at the start of a G7 summit in Kananaskis, Alberta. Yahoo Finance's Ben Werschkul reports: Read more here. Frank-Steffen Walliser, the CEO of luxury British automaker Bentley, said that trade remains an overhanging issue for the brand despite a preliminary agreement between the US and UK. Bentley, a subsidiary of Volkswagen (VWAGY), is coming off a tough year as it looks to electrify its vehicle lineup. Yahoo Finance's Pras Subramanian reports: Read more here. With US trade talks with the European Union in focus, there's a lot at stake for the two sides as they look to complete a preliminary deal by President Trump's July 9 deadline. If no agreement is reached by July 9, the US is set to increase broad tariffs on EU imports to 50% from 10%. The EU is hoping to have that deadline extended while negotiations continue. The European trading bloc is the US's largest trading partner; in 2024, it exported $600 billion worth of goods and imported $370 billion of US products. Despite the Trump administration's tariffs, the EU's trade surplus with the US has expanded each month since January. Both imports and exports increased in April, netting a total US trade deficit of around $115 billion. President Trump originally pegged his "Liberation Day" tariff rates to trade deficits, suggesting that this metric would be important to any final proposal, though the talks have also highlighted specific sectors and other areas of cooperation. President Trump on Monday suggested he was optimistic about trade negotiations with Canada during the opening day of the G7 meeting. "I think our primary focus will be trade, and trade with Canada, and I'm sure we can work something out," he said, per Yahoo Finance Canada. "We have different concepts. I have a tariff concept. Mark has a different concept," Trump added, standing alongside Canadian Prime Minister Mark Carney. "We're going to see if we can get to the bottom of it today." Trade is one of several items taking focus at the G7 gathering, with Trump's latest self-imposed tariff deadline is looming in July. Canada already faces a bevy of duties that affect its imports: 50% on steel and aluminum and 25% on foreign autos. Read more here. At Home filed for bankruptcy on Monday and said tariffs played a central role in its financial struggles. The chain of 260 stores sells home goods and has been struggling to manage its debt load for several years as the housing market slowed down and inflation-wary customers pulled back on spending. This year, tariffs proved to be a final blow, the company's CFO wrote in court documents. "The volatility of the current tariff environment came at a time when the management team was working to address the company's existing issues," CFO Jeremy Aguilar wrote. "These newly imposed tariffs and the uncertainty of ongoing U.S. trade negotiations intensified the financial pressure on the company, accelerating the need for a comprehensive solution." At Home sources a large percentage of its goods from China, and the tariff uncertainty made it hard for it to plan its key Halloween and Christmas orders ahead of time. Earlier this year, it was in talks to raise money and amend an agreement with lenders to shore up its finances but realized it needed a more "comprehensive strategy" after the new tariffs were announced. The chain is entering bankruptcy with a plan to continue operating, close some stores, and hand ownership to its lenders. Trump's Tariffs are affecting consumers beyond retail — they are also impacting aspects of everyday life. Families who would typically avoid the big amusement parks like Disney World in favor of more regional parks, which allow them to travel locally and avoid expensive flights are now saying they may stay home due to the economic uncertainty brought on by tariffs. AP reports: Read more here. CNN reports: Read more here. As President Trump's tariff deadline looms, what will happen when the countdown ends on Liberation Day 2.0? Yahoo Finance's Washington Correspondent Ben Werschkul looks into Trump's plan of action: Read more here. Despite a trade truce between the US and China last week in London, a key area remains unresolved. Export restrictions tied to national security are still being discussed, and Beijing has not committed to grant export clearance for some specialized rare earth magnets, according to two sources. Reuters reports: Read more here. Reuters reports: Read more here.

Casey's General Stores Inc. (CASY) 'Has Had An Incredible Run,' Says Jim Cramer
Casey's General Stores Inc. (CASY) 'Has Had An Incredible Run,' Says Jim Cramer

Yahoo

timean hour ago

  • Yahoo

Casey's General Stores Inc. (CASY) 'Has Had An Incredible Run,' Says Jim Cramer

Casey's General Stores Inc. (NASDAQ:CASY) is one of the . Casey's General Stores Inc. (NASDAQ:CASY) is an American convenience store company based in Iowa. Since it isn't a mega-retailer, the firm isn't a regular feature on Cramer's morning show. In fact, this appearance was the second time he discussed the firm in 2025. However, while Casey's General Stores Inc. (NASDAQ:CASY) doesn't appear much on Cramer's show, he does discuss retailers quite a lot. A major contention the CNBC host has with retailers is prices. He believes Walmart and Costco will dominate the retail industry due to their ability to leverage scale to reduce prices. Cramer also discusses Target frequently and believes the firm should lower its prices. So, it's unsurprising that his discussion of Casey's General Stores Inc. (NASDAQ:CASY) also concerned prices: 'Now I had an outfit on last night that has lowered the prices and that is just crushing it. And that's Casey's, Casey's General. David's laughing. But Casey General is a convenience store that happens to have a breakfast pizza that is darn good. The numbers are extraordinary. The stock has had an incredible run, it's up 25% for the year. Casey General is where people want to be. They only cater to rural territory.' A close-up of a hand selecting a food or beverage item from a store shelf. Mairs & Power mentioned Casey's General Stores Inc. (NASDAQ:CASY) in its Q3 2024 investor letter. Here is what the firm said: 'The largest contributions to Fund relative performance during the period included was Casey's General Stores, Inc. (NASDAQ:CASY), a convenience store operator that is gaining market share in part by leveraging data to drive market share gains and structurally higher margins in their business.' While we acknowledge the potential of CASY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.

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