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PepsiCo Faces Domestic Growth Challenges Amidst KFC Switch to Coca-Cola

PepsiCo Faces Domestic Growth Challenges Amidst KFC Switch to Coca-Cola

PepsiCo Faces Domestic Growth Challenges Amidst KFC Switch to Coca-Cola

Citigroup Downgrades U.S. Equities to 'Neutral' Amid AI Spending and Regulatory Concerns

Citigroup Downgrades U.S. Equities to 'Neutral' Amid AI Spending and Regulatory Concerns

Citigroup Downgrades U.S. Equities to 'Neutral' Amid AI Spending and Regulatory Concerns

Morgan Stanley Diversifies Revenue Streams with Focus on Wealth and Asset Management

Morgan Stanley Diversifies Revenue Streams with Focus on Wealth and Asset Management

Morgan Stanley Diversifies Revenue Streams with Focus on Wealth and Asset Management

U.S. Banks Detect AI Agents Accessing Customer Accounts, Raising Security Concerns

U.S. Banks Detect AI Agents Accessing Customer Accounts, Raising Security Concerns

U.S. Banks Detect AI Agents Accessing Customer Accounts, Raising Security Concerns

U.S. Banks Face Cautious 2027 Outlook Despite Strong Current Earnings Amid Data Center Financing Concerns

U.S. Banks Face Cautious 2027 Outlook Despite Strong Current Earnings Amid Data Center Financing Concerns

U.S. Banks Face Cautious 2027 Outlook Despite Strong Current Earnings Amid Data Center Financing Concerns

OECD Reports Halving of Global Plastic Waste Trade Between 2014 and 2024, Significant Decline in 2024

OECD Reports Halving of Global Plastic Waste Trade Between 2014 and 2024, Significant Decline in 2024

Global trade in plastic waste and scrap has more than halved between 2014 and 2024, according to a working paper by the Organisation for Economic Co-operation and Development (OECD). In 2024 alone, reported trade saw a significant decline of 7.7%, reaching 6.2 million tonnes, marking the largest year-on-year decrease since 2020. This trend indicates a substantial shift in the international movement of plastic waste. Over the past decade, the destinations for plastic waste trade have also evolved. Exports to China and Hong Kong experienced a notable decline after 2017, while Europe and non-OECD countries in Asia have emerged as the primary destinations for plastic waste. The OECD's analysis tracks these shifts, providing insights into the changing geography of plastic waste trade and its implications for global environmental policies.

Banks, investors grow wary of AI debt, spooked by market selloff

Banks, investors grow wary of AI debt, spooked by market selloff

NEW YORK, Nov 9 (Reuters) - Banks and credit investors are upping their scrutiny of AI-related debt deals while showing reluctance to increase exposure to borrowers, jolted by the recent market selloff and changing sentiment toward the technology's growth trajectory.

U.S. Banks Block AI Agents from Customer Accounts Citing Rogue-Bot and Liability Fears

U.S. Banks Block AI Agents from Customer Accounts Citing Rogue-Bot and Liability Fears

U.S. Banks Block AI Agents from Customer Accounts Citing Rogue-Bot and Liability Fears

New Chemical Method for Upcycling Polyethylene into Nylon Raw Material Developed

New Chemical Method for Upcycling Polyethylene into Nylon Raw Material Developed

Chemists at LIKAT in Rostock have developed a new method for chemically upcycling polyethylene, the primary component of plastic waste, into dicarboxylic acids. These dicarboxylic acids can serve as chemical precursors for nylon, a material typically produced from petroleum. The process, developed by Dr. Esteban Mejía and Dr. Satyajit Panda, operates under mild conditions and does not require a catalyst. This innovation aims to provide a large-scale alternative to petroleum-based nylon production, addressing the environmental impact of plastic waste and reducing reliance on fossil raw materials. The team has successfully narrowed the chain length of their product to between four and 10 carbon atoms and is working to further improve selectivity in collaboration with Dr. Udo Kragl from the University of Rostock. An estimated 8 million metric tons of polyamide (nylon) are produced globally each year, predominantly from petroleum.

Citigroup downgrades US equities to 'neutral' on AI concerns

Citigroup downgrades US equities to 'neutral' on AI concerns

Nov 9 (Reuters) - Citigroup strategists downgraded US equities to "neutral" from "overweight," saying they were looking for cleaner positioning and more stable sentiment around AI stocks after a sharp selloff on concerns about soaring AI spending and tougher regulation.

Cautious Bank Outlook Weighs on Stocks Despite Strong Earnings Amid Macroeconomic Volatility

Cautious Bank Outlook Weighs on Stocks Despite Strong Earnings Amid Macroeconomic Volatility

Cautious Bank Outlook Weighs on Stocks Despite Strong Earnings Amid Macroeconomic Volatility

EU Commission Prioritizes Clean Electrification and Climate Finance at COP31

EU Commission Prioritizes Clean Electrification and Climate Finance at COP31

The European Union Commission is set to participate in the COP31 UN Climate Change Conference in Antalya, Türkiye, from November 9-20, 2026. The EU's primary objective at the conference is to collaborate with international partners to accelerate global climate action and fulfill the commitments of the Paris Agreement. Amidst increasing geopolitical and energy security challenges, the Commission emphasizes the growing socio-economic imperative for clean electrification, the widespread adoption of clean and renewable energy sources, a transition away from fossil fuels, and the mobilization of significant investment. European Commission President Ursula von der Leyen highlighted Europe's commitment to leading by example, aiming to become the first climate-neutral continent. The EU will also promote its 'Electrify Now' global campaign, advocate for carbon pricing through the Open Coalition on Compliance Carbon Markets, and advance green industrialization via the Climate Club. Various EU Commissioners will atte...