logo
Japan Boosts Effort to Curb Methane Leaks From LNG Supply Chains

Japan Boosts Effort to Curb Methane Leaks From LNG Supply Chains

Bloomberga day ago

Japan is strengthening efforts to curtail methane emissions from liquefied natural gas as it sticks with a fossil fuel that's accelerating climate change.
The Ministry of Economy, Trade and Industry said it will collaborate with the United Nations' Oil and Gas Methane Partnership 2.0 program and MiQ, a methane certification non-profit, to verify emissions from LNG imports into Japan.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Global Investors Turn Their Attention to GIFPP 2025 in Bangkok, Reinforcing a New Era of Responsible Investment
Global Investors Turn Their Attention to GIFPP 2025 in Bangkok, Reinforcing a New Era of Responsible Investment

Yahoo

time2 hours ago

  • Yahoo

Global Investors Turn Their Attention to GIFPP 2025 in Bangkok, Reinforcing a New Era of Responsible Investment

BANGKOK, THAILAND / / June 21, 2025 / Amid the complex landscape of geopolitical uncertainty and transformative social dynamics, the Global Investment Forum for Peace & Prosperity (GIFPP 2025) has emerged as a significant event drawing global financial leaders and policy influencers. Held at the prestigious InterContinental Hotel Bangkok, the forum successfully gathered nearly 300 delegates from 14 countries, featuring policymakers, fund executives, development experts, startup founders, and renowned media outlets. Global Investment and Partnership for Peace and Prosperity Forum (GIFPP) A Shift Toward Responsible Investment The importance of GIFPP 2025 lies in its timely and strategic alignment with the evolving investment paradigm. As the world shifts away from traditional economic metrics, such as Return on Investment (ROI), the focus is now on Return on Humanity (ROH). This change emphasizes investments that not only generate financial returns but also foster positive societal outcomes. The forum emphasized this growing global trend, where investors increasingly look beyond short-term financial gains and place value on advancing the United Nations' 17 Sustainable Development Goals (SDGs), a framework of paramount importance for long-term, ESG-focused investors. The Forum's Impact and Strategic Vision GIFPP 2025 has positioned itself as a central platform to bridge the gap between global capital and the SDGs. Unlike many traditional forums, it encourages a sustainable investment ecosystem where startups, governments, and enterprises collaborate to create long-lasting value. According to Professor Dr. Martin Spraggon Hernandez, an Advisor to the Governments of Dubai & Abu Dhabi, "We need a new investment architecture-where technology, humanity, and social responsibility are inseparable drivers of global economic value." A Key Milestone: The Launch of 9S UNION A pivotal moment in the forum was the unveiling of 9S UNION, a groundbreaking digital global economic alliance. 9S UNION connects startups, investors, and governments through an open platform aimed at fostering economic and social development across borders. As part of the initiative, 9S UNION signed memoranda of understanding (MOUs) with 12 countries, committing to undertake at least 10 social-impact projects in sectors like education, healthcare, technology, and clean energy. These projects will span ASEAN, the Middle East, Africa, and Europe, marking the initiative as a key driver for international cooperation. The Memorandum of Understanding (MoU) signing ceremony between 9S UNION and international partners marks a concrete and meaningful commitment to collaborative action toward shared global objectives. In a statement, Dr. Francis Gaudreault, Strategic Security Advisor to the Abu Dhabi Government, emphasized, "9S UNION is a major inflection point-laying the groundwork for a global financial ecosystem based on transparency and shared responsibility." Where Finance Meets Innovation for Social Good GIFPP 2025 also featured the launch of 7S CENTER, a digital commerce hub designed to empower SMEs with the tools they need for success. Additionally, the event showcased innovative technologies utilizing AI, blockchain, and carbon tracking systems to promote financial transparency, data protection, and green finance. Speaking about the growing intersection of technology and entrepreneurship, Dinh Viet Hoa, Chairman of the Vietnam National Startup Association, remarked, "Global entrepreneurship is no longer just about tech; it's about shaping a future that prioritizes both people and the planet." Vietnam's Role in Responsible Investment As a co-organizer of the event, the Vietnam National Startup Innovation Forum (VNSIF) played an instrumental role in shaping the content of GIFPP 2025. VNSIF's efforts underscored Vietnam's commitment to fostering an investment environment centered on social responsibility and sustainable development. Through collaborative platforms like 9S UNION and 7S CENTER, Vietnam is actively shaping a global investment landscape that prioritizes long-term impact over immediate financial returns. Beyond Dialogue: Action-Oriented Collaboration In a departure from the typical format of traditional investment forums, GIFPP 2025 served as a springboard for actionable outcomes. Through B2B meetings, technology showcases, and cultural exchange galas, the event fostered genuine collaboration that is expected to drive long-term action. GIFPP 2025 is not just about deal-making; it's a space for recalibrating investment strategies to align with the growing demands for responsibility, stability, and positive societal impact. This commitment to building a future where profitability walks hand in hand with peace positions GIFPP as a key milestone for the next phase of global investment. As the world enters a new phase of uncertainty, GIFPP 2025 offers a strategic waypoint-a reminder that investment can be much more than the flow of capital; it is a force for global responsibility, stability, and hope. Certainly! Here's an additional paragraph that ties in the broader themes of the forum: About GIFPP 2025 GIFPP 2025 is a global forum focused on using investment to drive positive change. By bringing together policymakers, entrepreneurs, and investors, it promotes collective action to address key challenges. The forum emphasizes purpose-driven investment, aiming for economic prosperity, environmental sustainability, and equitable opportunities for all. ____________ Media Contact Organization: 9S UnionContact Person: Ivanka DoWebsite: SOURCE: 9S Union View the original press release on ACCESS Newswire Sign in to access your portfolio

Tata Motors Assures Stability Amid Global Disruptions
Tata Motors Assures Stability Amid Global Disruptions

Entrepreneur

time2 hours ago

  • Entrepreneur

Tata Motors Assures Stability Amid Global Disruptions

Despite the headwinds, Chandrasekaran expressed cautious optimism. "Given the enormous amount of work we have done over the past years... our businesses are structured to not just handle this environment but to thrive," he concluded You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Tata Motors chairman N Chandrasekaran used the company's 80th annual general meeting (AGM) on Friday to highlight the mounting challenges facing the global auto industry, while reaffirming the company's preparedness in key areas like electric vehicles and supply chain resilience. The meeting, held virtually, began with a solemn minute's silence to honour victims of the Air India flight AI-171 crash, marking Chandrasekaran's first appearance at a Tata Group AGM since the June 12 tragedy. He had skipped earlier AGMs of Tata Consultancy Services and Tata Consumer Products this week. In his address to shareholders, Chandrasekaran painted a candid picture of a volatile global landscape: "Going forward, volatility will continue to mark economic cycles from widespread geopolitical conflicts, military escalations, the redrawing of supply chains and tariff regimes to artificial intelligence and energy transition. Nowhere are all these disruptions visible more than in the automotive sector." A major concern raised was the global shortage of rare earth materials essential for manufacturing permanent magnets used in electric motors. These magnets play a crucial role in electric vehicles (EVs), hybrids, and even some internal combustion engine models. The scarcity has triggered alarm across the industry, with manufacturers warning of production halts if supply is not restored swiftly. However, Tata Motors is not yet facing a disruption. "As of now, we are okay. We are not facing issues. We are able to source the magnets that we need, and we have plans for having the right level of inventory," Chandrasekaran assured, adding that the company is working closely with the government and exploring alternative sourcing strategies. "This is not a concern but this is something that we are watching very carefully," he noted. Despite global headwinds, Tata Motors posted a consolidated group revenue of INR 4.39 lakh crore in FY25, a modest rise of 1.3 per cent. Profit after tax, however, fell 12 per cent to INR 28,149 crore. Wholesale volumes dipped 3 per cent to 1.34 million units. Nevertheless, the company reported record EBITDA and pre-tax earnings (before exceptional items), with Tata Motors now debt-free. The US market posed a fresh challenge for Tata-owned Jaguar Land Rover (JLR), which had to suspend deliveries following steep tariff hikes imposed by the Trump-led administration. "From 2.5 per cent, the tariff would have gone to 27.5 per cent," Chandrasekaran said, but clarified that with a new trade agreement between the UK and US, the rate would settle at 10 per cent. The gross impact could have been £1.6 billion, but JLR's mitigation steps are expected to limit the damage to £600 million. Amid these developments, Tata Motors continues its demerger process. The plan is to list its commercial vehicles (CV) and passenger vehicles (PV) businesses as two independent entities, with the latter including JLR and the company's growing EV portfolio. "We should be able to have two independent listed companies — one with CVs and the other with passenger vehicles and JLR — hopefully before the end of this year," he said. On the PV front, Tata is pushing to reverse its decline in the small commercial vehicle segment while doubling down on EVs. "Our market share is above 50 per cent in the electric PV segment," said Chandrasekaran. EVs now make up 15 per cent of Tata Motors' PV sales, with a 30 per cent target by 2030, "but I think we will achieve the target earlier than that," he added. Despite the headwinds, Chandrasekaran expressed cautious optimism. "Given the enormous amount of work we have done over the past years... our businesses are structured to not just handle this environment but to thrive," he concluded.

Labubu Envy: Fluffy Collectibles Steal the Show During China's 618 Online Shopping Festival
Labubu Envy: Fluffy Collectibles Steal the Show During China's 618 Online Shopping Festival

Yahoo

time2 hours ago

  • Yahoo

Labubu Envy: Fluffy Collectibles Steal the Show During China's 618 Online Shopping Festival

SHANGHAI —This year's 618, China's largest midyear online shopping festival, had a noticeably subdued tone as shoppers continued to sober up from splurging and stockpiling due to an uncertain economic outlook and a softer growth prospect following April's tariff agreements with the U.S. However, that sentiment was offset by a wave of Labubu frenzy that pushed limited-edition collectibles to sell out within minutes. More from WWD Alibaba Shares Dip Despite E-commerce, AI growth in Q4 Taobao and Tmall Deepen Ties With Xiaohongshu Via Cross-platform Shopping Function Alibaba Makes AI-driven Comeback, Revenue Jumps 8% On June 18, Labubu's parent company, Popmart, launched its first livestream on the Alibaba-owned cross-border e-commerce platform AliExpress, which attracted over 220,000 viewers. All 500 items, including the company's most recognizable fluffy creatures — Labubu, Cry Baby, Baby Molly, and Skullpanda — sold out in a flash. According to Tmall, the 'toys and trendy collectibles' category saw six brands — including Paper Presented, Popmart, MiHoYo, Disney Store, Jellycat, and Lego — exceed the 600 million renminbi, or $83.4 million, sales mark. Dubbed 'sneakers for the Gen-Z generation,' the broader 'fandom goods' category has created 17 stock keeping units that exceeded 10 million renminbi, or $1.39 million, during the 618 period. According to data from Statista, China's trendy toys market is expected to reach 110 billion yuan, or over $15 billion, by 2026. A recent report by Zhongtai Securities revealed that homegrown character-based toys — fueled by a booming subculture — have already outsold Japanese anime toys during this year's 618 shopping festival. 'Over 60 Chinese and foreign films are set to hit theaters this summer, which is bound to create fresh momentum for IP-related merchandise,' the report added. 'It's over-the-top, 'proclaimed Tmall's star livestreamer Austin Li during a recent broadcast, urging shoppers to steer clear of the hype. 'It's overpriced, it's a no, the prices will come down,' he added. Still, it was up to Li and the platform he lives on to revive enthusiasm around 618 amid waning consumer confidence. This year, major e-commerce players such as and Tmall simply canceled complicated sales mechanisms and began offering straightforward discounts and a wide array of coupons. According to data from Syntun, this year's 618 sales totaled 855.6 billion renminbi, or $119 billion, an increase of 15.2 percent year-on-year. However, the data took into account a week's extension compared to 2024. Two years ago, Chinese e-commerce players stopped unveiling official 618 sales results. Instead, touted the 'explosive increase' in the number of purchasing users, which more than doubled year-over-year. At Taobao and Tmall, sales 'remained resilient,' with 453 brands surpassing the 100 million renminbi, or $13.9 million, mark in terms of gross merchandise value. 'The unusually early campaign start on May 13 caught many consumers off guard, leading to a first wave that some missed entirely, which may have temporarily dampened engagement. That may contribute to a feeling that this year's 618 felt more subdued, but we're still expecting solid GMV growth for the festival,' said Jacob Cooke, chief executive officer and founder at WPIC, a Beijing-based e-commerce consulting agency. Cooke expects this year's Singles' Day to follow a similar path as 618, with an extended timeline and consistent discount mechanisms. 'We're seeing a shift away from flash sales and gimmicks toward simplified pricing, loyalty-driven engagement, and full-funnel marketing strategies,' said Cooke. 'Tmall's emphasis on its 88VIP program, for example, shows a clear pivot toward retaining high-value consumers,' said Cooke of its membership program that also spans other platforms within the Alibaba ecosystem, such as the food delivery app Eleme, the travel booking site Fliggy, and the video streaming platform Youku. With governmental subsidies that cover categories such as home appliances and digital products, sales of these categories rose 283 percent year-over-year during the the first leg of the promotional period, which ran from early May to May 30, according to data from Moojing Market Intelligence. The apparel segment, which contributed around 50 percent of total 618 sales, rose 7.2 percent during the May period, trailing by 6.8 percent year-over-year growth in the beauty category, according to Moojing. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store