Latest news with #E2
Yahoo
5 days ago
- Business
- Yahoo
Royal Air Maroc in talks to buy Embraer aircraft, Folha reports
SAO PAULO (Reuters) -Royal Air Maroc is in talks with Embraer for a potential order for the Brazilian planemaker' s E2 aircraft, newspaper Folha de reported on Wednesday citing the airline's CEO, Abdelhamid Adnoun. Sao Paulo-traded shares of Embraer were up around 2% following the report, among the top gainers on Brazil's benchmark stock index Bovespa, which fell 0.9%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Royal Air Maroc in talks to buy Embraer aircraft, Folha reports
SAO PAULO (Reuters) -Royal Air Maroc is in talks with Embraer for a potential order for the Brazilian planemaker' s E2 aircraft, newspaper Folha de reported on Wednesday citing the airline's CEO, Abdelhamid Adnoun. Sao Paulo-traded shares of Embraer were up around 2% following the report, among the top gainers on Brazil's benchmark stock index Bovespa, which fell 0.9%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Out
07-07-2025
- Business
- Time Out
Japan's iconic bullet train is getting a glow-up – here it is in pictures
If you thought Japan 's bullet trains were about as cool as they could get, you'd be wrong. Why? Well, because thanks to a partnership with UK -based design consultancy Tangerine, the legendary high-speed services are about to get a whole new look. East Japan Railway Company has just unveiled the first images of its brand-new high-speed E10 Shinkansen train (which will eventually replace the existing E2 and E5 on the Tohoku route) and while they've only just entered the 'design implementation' phase, these babies could be on the railways as soon as 2030. The interiors have apparently been inspired by Japan's various landscapes, from the coast to the mountains, with a mid-green colour palette nodding to the country's lush forests, and the graphic shapes being inspired by the Sakura flower (cherry blossom) silhouette, which is one of Japan's most iconic symbols. And you won't find any jarring fluorescent lighting on these trains – instead, Tangerine opted to install something called indirect wash lights which create a gentler lighting effect and a calmer atmosphere. Scroll on for some snaps of the designs. They look pretty suave, don't they? Have a look at this , too.
Time of India
30-06-2025
- Business
- Time of India
Trump's Senate bill has a 'kill shot': The 'midnight dumping' provision could pinch your pocket
Senate Republicans stunned the power industry over the weekend with a proposed new tax on wind and solar projects, part of a broader push to unravel incentives for renewable energy. Republicans added a new tax on future wind and solar projects that don't meet strict new restrictions on parts produced by any company that received 'material assistance' from certain U.S. adversaries like China. The projects will be taxed if a certain percentage of the value of their components come from China. Tired of too many ads? Remove Ads What is the surprise element in the bill? Tired of too many ads? Remove Ads What are the provisions? Tired of too many ads? Remove Ads Republicans in the US Senate have proposed a new tax on supply chain components sourced from China in a bill that could be voted on today (30 June). Senate Republicans have quietly added a provision to their megabill that would penalize future developments with a new updated draft of the Senate's megabill text slashes tax incentives for wind and solar energy — and adds a new tax on future wind and solar projects. The tax provision, tucked inside the 940-page bill that the Senate made public just after midnight on Friday, stunned proposed tax would levy a first-of-its kind penalty on all solar and wind projects tied to the quantity of materials they source from companies with ties to China or other countries designated as adversaries by the US government.'This is how you kill an industry,' said Bob Keefe, executive director of E2, a nonpartisan group of business leaders and investors. 'And at a time when electricity prices and demand are soaring.''It's a kill shot. This new excise tax on wind and solar is designed to fully kill the industry,' said Adrian Deveny, founder and president of policy advisory firm Climate Vision, who helped craft the climate law as a former policy director for Democratic Senate Leader Chuck at the Rhodium Group said in an email the new tax would push up the costs of wind and solar projects by 10 to 20 percent — on top of the cost increases from losing the credits, according to Politico.'Combined with the likely onerous administrative reporting burden this provision puts in place, these cost increases will lead to even lower wind and solar installations. The impacts of this tax would also flow through to consumers in the form of higher electricity rates,' Rhodium to a report in The Hill, the initial draft released by Senate Republicans slashed the credit for any wind and solar projects that did not 'begin construction' by certain dates. But the latest version bases incentives on when projects actually begin producing electricity — a much higher bar to first draft gave any project that began construction this year full credit, any project that began construction next year 60 percent credit and any project that began construction in 2027 20 percent of the credit, before phasing out the new legislation instead states that the credits will only apply to facilities that begin producing electricity before the end of 2027. In addition, it imposes a new tax on some wind and solar projects that are placed in service after projects will be taxed if a certain percentage of the value of their components come from China. The bill would rapidly phase out existing federal tax subsidies for wind and solar power by 2027. Doing so, many companies say, could derail hundreds of projects under development and could jeopardize billions of dollars in manufacturing facilities that had been planned around the country with the subsidies in mind."The renewables lobby slammed the changes as hampering the sector.'In what can only be described as 'midnight dumping,' the Senate has proposed a punitive tax hike targeting the fastest-growing sectors of our energy industry. It is astounding that the Senate would intentionally raise prices on consumers rather than encouraging economic growth and addressing the affordability crisis facing American households,' Jason Grumet, CEO of the American Clean Power Association, said in a written statement.'These new taxes will strand hundreds of billions of dollars in current investments, threaten energy security, and undermine growth in domestic manufacturing and land hardest on rural communities who would have been the greatest beneficiaries of clean energy investment,' he added.
New York Times
29-06-2025
- Business
- New York Times
G.O.P. Bill Adds Surprise Tax That Could Cripple Wind and Solar Power
Senate Republicans have quietly inserted provisions in President Trump's domestic policy bill that would not only end federal support for wind and solar energy but would impose an entirely new tax on future projects, a move that industry groups say could devastate the renewable power industry. The tax provision, tucked inside the 940-page bill that the Senate made public just after midnight on Friday, stunned observers. 'This is how you kill an industry,' said Bob Keefe, executive director of E2, a nonpartisan group of business leaders and investors. 'And at a time when electricity prices and demand are soaring.' The bill would rapidly phase out existing federal tax subsidies for wind and solar power by 2027. Doing so, many companies say, could derail hundreds of projects under development and could jeopardize billions of dollars in manufacturing facilities that had been planned around the country with the subsidies in mind. Those tax credits were at the heart of the Inflation Reduction Act, which Democrats passed in 2022 in an attempt to nudge the country away from fossil fuels, the burning of which is driving climate change. President Trump, who has mocked climate science, has instead promoted fossil fuels and demanded that Republicans in Congress unwind the law. But the latest version of the Senate bill would go much further. It would impose a steep penalty on all new wind and solar farms that come online after 2027 — even if they didn't receive federal subsidies — unless they follow complicated and potentially unworkable requirements to disentangle their supply chains from China. Since China dominates global supply chains, that measure could affect a large number of companies. Want all of The Times? Subscribe.
