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Egis Collaborates with Indiana Office of Energy Development to launch the Indiana Energy Saver Program

Egis Collaborates with Indiana Office of Energy Development to launch the Indiana Energy Saver Program

INDIANAPOLIS, May 27, 2025 /PRNewswire/ – Egis has collaborated with the Indiana Office of Energy Development (IOED), to launch the Indiana Energy Saver Program on May 14. This $182 million federally-funded initiative provides energy efficiency upgrades to Hoosier households resulting in lower utility bills.
The Indiana Energy Saver Program is designed to align with the Trump and Braun Administrations' agendas to enhance energy affordability and to facilitate consumer choice by delivering utility bill savings and improving home comfort for Hoosiers across the state.
Egis is providing end to end program management solutions, which include program design, federal compliance, case management, call center functionality, establishment of a state-wide contractor network, payment processing, and reporting.
Tom Longest, CEO of Egis in the U.S., commented, 'We're proud to partner with the Indiana Office of Energy Development on the design and implementation of the Indiana Energy Saver Program. We are honored to be a part of such a critical program that provides efficiency measures and utility bill savings for Indiana households.'
About Egis
Egis is a leading global architectural, consulting, construction engineering, operations and mobility services firm. Operating in 100 countries, Egis puts the expertise of its 20,500 employees at the service of its clients and provides innovative solutions to our clients' most complex challenges.

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China urges US to ‘look at the whole picture' on tariffs to see true trade ties
China urges US to ‘look at the whole picture' on tariffs to see true trade ties

The Star

time10 hours ago

  • The Star

China urges US to ‘look at the whole picture' on tariffs to see true trade ties

The envoys of the world's two leading powers painted starkly different pictures of US-China ties, each offering a competing assessment of the state of their economic relations – as a recently agreed framework to ease trade tensions hung in limbo. Speaking at the US-China Business Council in Washington on Wednesday, Chinese ambassador Xie Feng called the trade relationship 'generally balanced' and tariffs on Chinese imports 'still unreasonably high', warning that the US goods deficit would not shrink while export controls, visa denials, and barriers to Chinese firms persist. 'We are willing to buy more from America,' Xie said, adding that 'unfortunately' the US had imposed 'strict restrictions on the exports of its most competitive products, such as semiconductors, and shut the door on Chinese enterprises, buyers, tourists and students who want to invest and spend in the US'. 'If one is reluctant to sell others what they want, how can it ever get its deficit reduced by exporting only products like soybeans and beef?' Since 2022, the US has steadily tightened restrictions on China's access to American technology over concerns it could fuel military advancements. These curbs intensified under US President Donald Trump's second term. However, earlier this month, the US agreed to ease some restrictions and allow Chinese students unhindered access to American universities in exchange for increased exports of critical minerals from China. Talks between the two sides in London produced a framework to implement the trade consensus reached in May in Geneva regarding Trump's new tariffs on Chinese imports – now reduced from 125 per cent to 55 per cent. Xie said the current US tariffs on China were 'still unreasonably high, will severely constrain and undercut bilateral trade and should be removed completely'. He added that it was 'unrealistic to try to block the flow of capital, technology and talents in a globalised world, if any country builds up barriers, these resources will naturally flow elsewhere'. Since June last year, the China-US trade has dropped by 8 per cent, while China's trade with the Association of Southeast Asian Nations and EU countries grew by 9 per cent and 3 per cent, respectively compared to the same period last year. Meanwhile, David Perdue, America's newly posted ambassador to Beijing, said that trade should be a means by which sovereign nations provide benefits to their citizens, 'not an ideological goal to be pursued in favour of transforming the world'. He added that Trump's vision was to have a trading relationship with China based on reciprocity, fairness and respect, 'one of which the United States puts the American people first, just as China does for its own people'. 'Our mission in China is to do everything we can to make that vision happen and to make America safer, stronger and more prosperous,' Perdue emphasised, blaming unfettered globalisation for making US business 'overly dependent' on China for components, inputs, intermediate goods and even entire supply chains. 'Our economy cannot be so dependent on foreign supply chains that can be severed at any moment,' he said. Addressing US businesses' concerns about losing the Chinese market due to strained bilateral relations, Perdue said that the administration understands the 'risk of change' and 'we will be there to support you and protect you from unfair practices'. However, Xie urged the US to 'look at the whole picture' to see that 'the benefits our two countries have taken from bilateral trade are generally balanced'. 'Any selective reading of the statistics would be misleading,' he added. 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The shift was also evident last month at the Commerce Department-backed SelectUSA Investment Summit, where only about 50 Chinese delegates attended, down from roughly 180 in 2018. Xie's remarks also came against the backdrop of escalating tensions between Israel and Iran. The Jewish state last week launched air strikes on the Islamic Republic, targeting Iranian nuclear facilities amid ongoing nuclear talks between Washington and Tehran. Israel's strikes have led to the deaths of multiple Iranian army heads and nuclear professionals. In retaliation, Iran carried out air strikes against Israel, causing casualties in Tel Aviv. Trump has issued ambiguous messages about whether the US would join Israel in striking Iran, a prospect that has stirred divisions in Washington and among his own supporters. On social media, Trump claimed the US knew the exact location of Iranian Supreme Leader Ali Khamenei, hinting at a possible assassination and calling on Tehran to surrender unconditionally. 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EU frets over US demands in trade talks it sees as unbalanced
EU frets over US demands in trade talks it sees as unbalanced

Malaysian Reserve

time17 hours ago

  • Malaysian Reserve

EU frets over US demands in trade talks it sees as unbalanced

THE US is demanding the European Union make what the bloc's officials see as unbalanced, unilateral concessions as part of ongoing trade talks, setting up a tough decision over whether to move ahead with countermeasures if the terms of any deal don't improve. The best-case scenario remains an agreement on principles that would allow the negotiations to continue beyond an early July deadline, according to people familiar with the matter. Among Washington's requests are measures relating to quotas for fish exports that EU officials say may be incompatible with World Trade Organization rules; tariff-related moves that aren't mutual; and a series of demands on economic security described by the officials from the bloc as far-fetched, said the people, who spoke on condition of anonymity to talk about private discussions. Many of US President Donald Trump's tariffs would stay even in the event of a deal, the people said. The EU, which has been seeking a mutually beneficial deal, will assess any end-result and at that stage decide what level of asymmetry — if any — it's willing to accept, the people added. Member states will likely have a range of views on the matter, and a €95 billion list of potential additional tariffs on US goods that Brussels has formulated risks being watered down by requests for concessions within the bloc. A European Commission spokesperson declined to comment to Bloomberg News on the status of the talks. 'We are fully and deeply engaged in negotiations. A negotiated, mutually beneficial solution remains our preferred outcome,' the spokesperson said. The EU is rushing to clinch a deal with Trump before tariffs on nearly all its exports to the US jump to 50% on July 9. The US president has blasted the EU – which he has said was created to 'screw' the US – over its goods surplus and perceived barriers to American trade. Trump spent much of a 20-minute meeting with European Commission President Ursula von der Leyen — on the sidelines of the Group of Seven summit in Canada this week — repeating those grievances and complaining about barriers he claims US carmakers face, the people said. The EU estimates that US duties now cover €380 billion ($439 billion), or about 70%, of its exports to the US. The White House didn't respond to a request for comment on Saturday. Trump complained earlier this week about the EU talks, threatening to give up and impose unilateral tariffs. 'We're talking, but I don't feel that they're offering a fair deal yet,' Trump told reporters on the flight home from the G-7 meeting. 'They're either going to make a good deal or they'll just pay whatever we say they have to pay.' 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Trump has introduced 25% tariffs on autos as well as on steel and aluminum. He's also announced the doubling of the metals levies and is working to expand tariffs on other sectors, including pharmaceuticals, semiconductors and commercial aircraft. As part of proposals shared with the US late last month, the EU has offered to gradually work toward zero-for-zero tariffs on cars, industrial goods and non-sensitive agricultural goods by looking at quotas as interim steps. The bloc is aiming to address US requests on non-tariff barriers through its simplification agenda, which will cut regulations in a number of sectors. Maintaining the EU's autonomy in regulatory and tax matters remains a red line. Although the EU is pushing to get a reprieve from some of Trump's universal and sectoral tariffs, the bloc expects that many of the levies will remain, leading to asymmetrical arrangements, said the people. 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Positioning For A Weak Dollar
Positioning For A Weak Dollar

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time17 hours ago

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Standard Chartered Bank is maintaining an 'Overweight' stance on global equities, anticipating a constructive yet volatile second half of 2025. The bank's positive outlook is largely underpinned by expectations of a weaker US dollar, global policy easing, and a strong probability of the US economy achieving a soft landing. In its latest market outlook, Standard Chartered highlights that a weakening US dollar historically benefits global equities, particularly non-US assets. Consequently, the bank has upgraded its position on Asia ex-Japan equities to 'Overweight,' signaling confidence in the region's growth prospects. They also favor 5-7 year maturities in US dollar bonds and have upgraded Emerging Market (EM) local currency bonds to 'Overweight,' noting their potential to benefit from a weaker greenback and anticipated rate cuts by EM central banks. 'Policy easing worldwide, strong chances of a US soft landing, and a weaker USD are supportive of risky assets,' stated the bank in its report. 'We favour diversified global equity exposure.' The second quarter of 2025 has been characterized by significant market fluctuations, including events such as 'Liberation Day' (referring to the transition of Nifty contracts to SGX GIFT City in July 2023) and ongoing Middle East tensions. Despite this volatility, global equities have seen an approximate 8% gain quarter-to-date. Looking ahead to H2 2025, Standard Chartered expects economic and earnings growth to remain constructive. The US economy, despite earlier soft survey data, has shown resilience in 'hard data,' supporting the bank's belief in a soft landing scenario. This is further bolstered by supportive fiscal and monetary policies across the US, Europe, and Asia. However, the bank cautions investors to remain vigilant against several key risks. The end of President Trump's 90-day tariff 'pause' in early July is a point of concern, with Standard Chartered expecting extensions that may be accompanied by heightened rhetoric in trade discussions. Ongoing conflicts in the Middle East and between Ukraine and Russia also continue to simmer, with the former posing a potential, though likely brief, risk of higher energy prices. Standard Chartered's base case anticipates these risks will result in temporary, rather than sustained, volatility. The top three risks closely monitored by the bank include: A sustained rise in trade tariffs. A significant jump in oil prices due to geopolitical events. A sudden decline in US hard economic data towards recessionary levels. To mitigate these risks and navigate potential temporary volatility, Standard Chartered identifies Gold and Alternative Strategies as attractive diversifiers for investment portfolios.

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