Category: 3. Business

  • Tanzania Maasai fear VW ‘greenwashing’ carbon credit scheme

    Tanzania Maasai fear VW ‘greenwashing’ carbon credit scheme

    Tanzania’s Maasai fear a carbon credit scheme linked to VW could destroy their community’s way of life (TONY KARUMBA)

    Namnyak, a Maasai herder in north Tanzania, fears a carbon credit scheme linked to Volkswagen — dismissed by NGOs as “greenwashing” — could destroy her community’s way of life.

    Under the scheme, local Maasai are being offered money to keep their cattle on a strict “rotational grazing” scheme so that the grass grows longer and captures more carbon.

    The idea is that Volkswagen, and possibly other companies, will pay for this through “carbon credits” which are supposed to offset carbon emissions from its factories and operations.

    Many researchers and NGOs question the whole concept, saying such schemes disrupt local communities while doing little to improve the environment, existing only to allow companies to keep polluting elsewhere.

    The scheme in northern Tanzania is run by Volkswagen partner Soils for the Future Tanzania (SftFTZ), covering the districts of Longido and Monduli, an area of 16,000 square kilometres (6,200 square miles) — roughly 20 times the size of New York City.

    For Namnyak, a 33-year-old mother of three in Longido, it seems absurd.

    Local Maasai have been sustainably living on the land — rotating grazing in line with the weather and seasons — for centuries.

    Many locals, she said, fear the company has ulterior motives and may one day seize their land.

    “It does not matter how much money they give us. We depend on our land for our cattle, our crops and our beekeeping. This is our lives, and the ones of the future generations,” she told AFP.

    – ‘Implausible’ –

    SftFTZ and Volkswagen deny any desire to take their land, but many locals remain suspicious and feel they are getting money for nothing.

    A 2023 study of a similar scheme in neighbouring Kenya by Survival International, an NGO supporting Indigenous communities around the world, found it was “highly implausible” that the new grazing regime was actually being implemented.

    “To the contrary, the vegetation appears to continue to deteriorate in large parts of the project area,” it said.

    Verra, the main international body that validates carbon credit projects, suspended credits from a major forestry project in Zimbabwe in September, for which Volkswagen was also a client, saying its benefits had been exaggerated.

    Verra told AFP it had yet to audit the project in Tanzania, or a competing carbon credit scheme proposed by US-based Nature Conservancy in the same region.

    – ‘Scam’ –

    Several researchers and NGOs believe the Maasai are unwitting participants in a vast “greenwashing” scheme by Volkswagen.

    “Ultimately, there is nothing done for the land, not even a tree is being planted,” said Maasai lawyer Joseph Oleshangay, calling the whole thing a “scam”.

    “Why is Volkswagen not doing this in Frankfurt or New York? Because they feel people here are easier to manipulate,” he added.

    SftFTZ is offering the local Maasai $2 per hectare to sign a 40-year contract, under which they promise to move their cattle roughly every two weeks.

    Some have agreed since that amounts to huge sums by local standards, said Namnyak: “If someone gives you free money, who will refuse it?”

    Sherie Gakii, advocacy officer for Greenpeace, said such projects only existed to let companies like Volkswagen “continue polluting and making big profits on the backs of indigenous people trying to protect their ancestral land”.

    Volkswagen’s environmental arm, ClimatePartner, strongly disagrees.

    It told AFP the carbon credits would be “based on scientifically validated measurements” including regular soil samples to ensure that carbon capture was increasing.

    A Verra spokesperson defended carbon credit schemes as “one of the few vehicles that bring sustained investment into rural areas”.

    The SftFTZ contract promises to give 51 percent of the value of all carbon credits sold to the local community.

    But the Maasai International Solidarity Alliance, an NGO, questions whether that money will ever materialise and has called for a five-year pause on all such schemes until they can be properly evaluated.

    Benja Faecks of think tank Carbon Market Watch told AFP the focus should be on getting companies to stop polluting in the first place.

    “When a company like Volkswagen or Danone or Nestle can buy these credits and claim they are carbon neutral… that’s misleading and false,” said Faecks.

    “Volkswagen should focus on phasing out the internal combustion engine.”

    jf/er/rh

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  • Rupee may see mild lift from dollar dip; RBI seen keeping floor – Reuters

    1. Rupee may see mild lift from dollar dip; RBI seen keeping floor  Reuters
    2. Rupee, bonds to rely on central bank to protect record low, key yield level  TradingView
    3. INDIA RUPEE-Rupee sidesteps gains in Asian peers as deprecation bias lingers  MarketScreener
    4. Rupee under pressure as risk aversion tests RBI’s resolve | Tap to know more | Inshorts  Inshorts
    5. Rupee Finds Support As RBI Steps In And Tech Stocks Slide  Finimize

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  • India stocks set to open higher on US government reopening hopes, earnings optimism – Reuters

    1. India stocks set to open higher on US government reopening hopes, earnings optimism  Reuters
    2. Sensex, Nifty Seen Flat To Tad Higher At Open  Nasdaq
    3. Lenskart listing, Infosys buyback and FII trends among 7 factors to steer markets this week  MSN
    4. Stock market outlook for the week: Inflation, corporate earnings and more in focus; key factors to look o  Times of India
    5. Stocks To Watch Today: SJVN, Swiggy, ONGC, Apollo Tyres, Ashok Leyland And More  NDTV Profit

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  • Chinese vice premier to visit Guinea, Sierra Leone, attend inauguration of Simandou mine as Xi’s special representative

    Chinese vice premier to visit Guinea, Sierra Leone, attend inauguration of Simandou mine as Xi’s special representative

    BEIJING, Nov. 10 — Chinese Vice Premier Liu Guozhong will visit Guinea and Sierra Leone from Nov. 10 to 16, a Chinese foreign ministry spokesperson announced on Monday.

    Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, will pay the visits at the invitation of the governments of Guinea and Sierra Leone, said the spokesperson.

    At the invitation of Guinean President Mamadi Doumbouya, Liu will also attend the inauguration of the Simandou iron ore mine project on Nov. 11 as President Xi Jinping’s special representative, said the spokesperson.

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  • Dow Jones Top Company Headlines at 9 PM ET: Israeli Spyware Maker NSO Gets New Owners, Leadership and Seeks to Mend Reputation | Visa, …

    Dow Jones Top Company Headlines at 9 PM ET: Israeli Spyware Maker NSO Gets New Owners, Leadership and Seeks to Mend Reputation | Visa, …

    Israeli Spyware Maker NSO Gets New Owners, Leadership and Seeks to Mend Reputation

    Investors led by Hollywood producer Robert Simonds have taken a controlling stake in the company behind Pegasus, and former Trump official David Friedman has been named executive chairman.

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    Visa, Mastercard Near Deal With Merchants That Would Change Rewards Landscape

    The deal under discussion would lower credit-card interchange fees for merchants, but could make it harder for consumers to use rewards cards at the register.

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    FAA Orders Grounding of MD-11 Planes After Kentucky Crash

    UPS and FedEx had earlier removed cargo planes from service as the death toll in Louisville climbs to 14.

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    BBC Director General and News Chief Resign After Criticism of Editorial Practices

    Tim Davie and Deborah Turness are leaving the news organization following criticism over the editing of remarks by President Trump that were included in a documentary program.

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    Pfizer and Metsera Reach Deal Expected to Top $10 Billion

    Pfizer prevailed over Novo Nordisk after an unusual bidding war for the weight-loss startup.

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    Why Car Insurers Are Under Pressure to Cut Rates

    Car insurers have been bracing for the fallout from a trade war, but it’s a price war they should be more worried about.

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    Disney-YouTube TV Blackout Has Customers Scrambling and Getting Creative

    Fans of football and ‘Dancing With the Stars’ are hooking up antennas to stay tuned in.

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    Riding in a Chinese Robotaxi Is Pretty Smooth-That’s a Problem for Waymo

    While U.S. companies dominate their home market, other countries are looking to China for driverless technology.

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    Samsung Wants to Launch a U.S. Credit Card and Challenge Apple in Consumer Finance

    The South Korean tech giant and Barclays are in advanced talks to launch a credit card, with both seeking bigger inroads into Americans’ financial lives.

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    Affirm Eyes Card Payments as Next Era of Buy Now, Pay Later

    Buy now, pay later companies like Affirm are aiming to compete more closely with credit-card companies.

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    Sony and CBS Settle ‘Wheel of Fortune’ and ‘Jeopardy!’ Fight

    Sony Pictures Television will take over distribution of the two shows from CBS starting with international sales later this year, followed by domestic sales to local TV stations in the fall of 2028.

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    KKR Defied Private-Equity Fundraising Slump in the Third Quarter

    The private-markets managers leaders sought to counter the gloomy headlines that have dampened the mood of many private-equity investors.

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    Six Flags Mulling Park Sales After Revenue Drops

    Six Flags reported lower third-quarter revenue and said its efforts to grow demand were unsuccessful in the quarter.

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    Brookfield Sees Strong Fundraising Ahead on Heels of Banking $30 Billion

    The infrastructure investor is shopping for capital for its first strategy dedicated to artificial intelligence.

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    First Brands Wins Approval to Tap Bankruptcy Loan to Fund Operations

    A bankruptcy judge in Houston authorized the auto-parts supplier access to $600 million in a loan to continue funding its business.

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    Wendy’s to Close Hundreds of Stores

    Wendy’s logged lower sales and profit for the third quarter as consumers continue to cut their spending at restaurants.

    (END) Dow Jones Newswires

    November 09, 2025 21:15 ET (02:15 GMT)

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • Stock market today: live updates

    Stock market today: live updates

    Traders work on the floor of the New York Stock Exchange (NYSE) on November 07, 2025 in New York City.

    Spencer Platt | Getty Images

    Stock futures rose after lawmakers neared a deal to end the historic U.S. government shutdown.  

    S&P 500 futures gained 0.6% and futures tied to the Dow Jones Industrial Average added 79 points, or 0.17%. Nasdaq-100 futures were trading 1% higher.

    Investors continue to monitor lawmakers’ negotiations to pass a federal funding bill that would end a shutdown that’s dragged on for 39 days.

    A deal being discussed on Sunday would reopen the government into January and reverse some of the recent mass federal layoffs. People familiar with the situation told CNBC that enough Democratic senators had agreed to vote for the deal to clear a 60-vote minimum threshold. The Senate may vote on the deal as early as Sunday evening, which if passed would have to be approved by the House of Representatives and signed into law before the shutdown could end.

    The deal being discussed also includes future protections for government workers. The potential agreement does not include an extension of ACA credits, a key sticking point for most Democrats, but it would call for a vote on the subsidies in December.

    Concerns over the shutdown have driven consumer sentiment to its lowest level in more than three years, just above its worst-ever, according to a University of Michigan survey released on Friday. Due to the closure, federal agencies are no longer releasing many key economic reports, including the Consumer Price Index and Producer Price Index, which were scheduled for release this week.

    The shutdown has added to angst in the stock market, which is coming off a rough week because of mounting concerns over too-high valuations in stocks tied to artificial intelligence. The Nasdaq Composite posted its worst week since the tariff-driven selloff in April, losing 3%. The S&P 500 lost 1.6% and the Dow Jones Industrial average shed 1.2% for the weeek.

    Investors will get a look at a handful of earnings reports this week, including Walt Disney’s quarterly results on Thursday.

    “A risk-off rally on tech AI stalwart names such as Microsoft, Palantir, Nvidia among others has put some near-term concern in this tech bull market,” Wedbush analyst Dan Ives said Sunday in a note to clients.

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  • CVC Capital Partners brings in bankers for $5b joint bid for AUB – AFR

    CVC Capital Partners brings in bankers for $5b joint bid for AUB – AFR

    1. CVC Capital Partners brings in bankers for $5b joint bid for AUB  AFR
    2. AUB Group says agreed to permit EQT to form consortium  MarketScreener
    3. New supporter joins in takeover talks for this insurance major  The Motley Fool Australia
    4. AUB Group in Focus as EQT Reconfirms Its Approach ASX 200  Kalkine Media
    5. CVC joins EQT’s bid for AUB Group  InsuranceAsia News

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  • Honda’s Challenges to Realize Dreams | Honda CEO Toshihiro Mibe’s Message Behind the Japan Mobility Show 2025 | Honda Stories

    Honda’s Challenges to Realize Dreams | Honda CEO Toshihiro Mibe’s Message Behind the Japan Mobility Show 2025 | Honda Stories

    The Honda 0 Series is the next-generation series of EVs that Honda will offer by going back to the starting point of Honda as an automaker and creating new EVs from “zero” based original ideas. With the unique development approach of “Thin, Light, and Wise.”, Honda 0 Series will defy existing conventions that EVs are “thick and heavy” and create completely new value.

    Among the two exhibited prototypes—the Honda 0 Saloon, the flagship model of the Honda 0 Series that combines a low overall height with a sporty style and a spacious interior, and the Honda 0 SUV, which applies the unique development approach to an SUV, achieving an open view and a spacious interior with high freedom—Honda unveiled the world premiere of a new SUV joining the Honda 0 Series, the Honda 0 α (Alpha) Prototype made its world debut, combining the sleek, sophisticated design unique to the Honda 0 Series with original proportions expressing SUV-like strength, harmonizing beautifully with both urban and natural environments. This people-oriented model was presented as the gateway to the 0 Series worldview, expressing Honda’s ambition to deliver new value to customers.

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  • Honda Motor Shares Fall After Guidance Cut

    Honda Motor Shares Fall After Guidance Cut

    By Kosaku Narioka

    Honda Motor shares fell after it cut its fiscal-year earnings guidance on weaker car sales in Asia and a nearly $1 billion drag due to shortage of chips from Dutch supplier Nexperia.

    Shares were recently 4.8% lower at 1,509.0 yen on Monday in Tokyo after falling as much as 5.2% earlier. The benchmark Nikkei Stock Average was recently 0.8% higher.

    The Japanese automaker said after Friday's market close that it projected revenue to decline 4.6% to Y20.700 trillion, equivalent to $134.92 billion, and net profit to fall 64% to Y300.00 billion for the fiscal year ending March 2026. It previously projected revenue of Y21.100 trillion and net profit of Y420.00 billion.

    Honda cut its annual car sales forecast, citing slumping sales in Asia and the chip crunch amid a dispute between the Dutch and Chinese governments over control of the semiconductor maker.

    Honda now expects group car sales of 3.34 million units this fiscal year, down from 3.62 million units forecast earlier. Sales fell 5.6% to 1.68 million vehicles for the six months ended Sept. 30.

    Executive Vice President Noriya Kaihara said that demand is weaker in some Southeast Asian nations and competition is intensifying in countries like Thailand as rival carmakers offer sales incentives and lower auto prices to compete with emerging Chinese players.

    Honda expects the chip shortage to weigh on annual operating profit by Y150.0 billion. Kaihara said the carmaker is working to restore production in the week of Nov. 21, as shipments of Nexperia chips from China appeared to be resuming.

    Write to Kosaku Narioka at kosaku.narioka@wsj.com

    (END) Dow Jones Newswires

    November 09, 2025 20:29 ET (01:29 GMT)

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • Strong Q3 Results and $500 Million Buyback Might Change the Case for Investing in AvalonBay (AVB)

    Strong Q3 Results and $500 Million Buyback Might Change the Case for Investing in AvalonBay (AVB)

    • In late October 2025, AvalonBay Communities announced strong third quarter results with year-over-year growth in revenue and net income, confirmed new earnings guidance for the remainder of the year, and launched a new US$500 million share repurchase program with no set expiration.

    • The combination of robust operating performance, updated forward-looking expectations, and a fresh share buyback authorization highlights management’s confidence in the company’s financial health and long-term outlook.

    • To assess what this means for investors, we’ll examine how the new US$500 million repurchase plan influences AvalonBay’s investment narrative moving forward.

    Outshine the giants: these 25 early-stage AI stocks could fund your retirement.

    AvalonBay Communities is for investors who believe in the resilience of high-barrier coastal and urban apartment markets, supported by long-term housing undersupply and demographic trends favoring renting. The launch of a new US$500 million share buyback comes alongside steady revenue and net income growth, but it does not materially alter the primary short-term catalyst of new project lease-ups or shift the central risk from regional job market softness affecting apartment demand and rental pricing.

    Among recent announcements, the confirmed full-year 2025 earnings guidance of US$7.35 to US$7.55 per share stands out as most pertinent. This forward-looking clarity helps set expectations as AvalonBay manages its apartment deliveries and assesses leasing velocity in select markets, which remains a key catalyst for future earnings growth.

    Yet, in contrast to management’s confident moves, investors should also be aware of the potential impact of a slower-than-anticipated recovery in job growth, especially if…

    Read the full narrative on AvalonBay Communities (it’s free!)

    AvalonBay Communities is projected to reach $3.5 billion in revenue and $913.6 million in earnings by 2028. This outlook assumes a 5.5% annual revenue growth rate, but forecasts a decrease in earnings of around $286 million from the current $1.2 billion.

    Uncover how AvalonBay Communities’ forecasts yield a $216.48 fair value, a 22% upside to its current price.

    AVB Community Fair Values as at Nov 2025

    Four Simply Wall St Community fair value estimates range from US$215 to US$321, highlighting wide differences in individual outlooks. With job market growth uncertainty still looming as a risk, you can find a variety of perspectives on AvalonBay’s future performance by exploring these community viewpoints.

    Explore 4 other fair value estimates on AvalonBay Communities – why the stock might be worth as much as 81% more than the current price!

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    Markets shift fast. These stocks won’t stay hidden for long. Get the list while it matters:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include AVB.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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