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New York gold futures surged 4.00% intraday, currently trading at $5286.10 per ounce.On January 28th, China Railway Industry Corporation (CRIC) announced that its newly signed contracts for 2025 amounted to RMB 44.396 billion, a year-on-year decrease of 7.79%. Among these, the business of special engineering machinery and related services increased by 6.70% year-on-year, while the business of transportation equipment and related services decreased by 11.90% year-on-year. The total value of major contracts signed/won in the fourth quarter was RMB 2.532 billion, accounting for approximately 8.73% of the companys operating revenue in 2024.Eurozone money markets currently estimate a 25% probability of the European Central Bank cutting interest rates by July, compared to 15% on Tuesday.1. Bank of America: The Federal Reserve will cut interest rates twice in 2026, in June and July respectively. 2. Goldman Sachs: Expects the Federal Reserve to implement two rate cuts this year, with the first cut in June. 3. Morgan Stanley: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and September. 4. Barclays: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and December this year. 5. EY Bordrin: Expects the Federal Reserve to cut interest rates by a total of 50 basis points this year, but not until the second half of the year. 6. JPMorgan Chase: No longer expects the Federal Reserve to cut interest rates in 2026; the next action is expected to be a 25 basis point rate hike in the third quarter of 2027. 7. KBC: The next rate cut may not come until March, by 25 basis points. A further 25 basis point cut may be made in the second quarter to reach the neutral interest rate level. 8. Oxford Economics: The Federal Reserve will maintain its policy unchanged until June. A decline in inflation will allow the Federal Reserve to lower interest rates sooner if the labor market weakens further. 9. ING: The baseline forecast is for the Fed to cut rates in March and June, but the apparent risk now is that this pace could be delayed by three months overall. The Feds "dual mandate" will face more pressing pressure to achieve a rate cut in March. 10. ANZ: A pause in rate cuts in January was appropriate, but a prolonged pause is unnecessary. They forecast the FOMC to cut rates by 25 basis points each in March and June. 11. Wells Fargo: Given the two months of economic data to be released before the March meeting, rate cuts could come earlier, in March and June. The risk to their forecast leans towards a delay in the timing of rate cuts.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.3 occurred at 15:27 on January 28 near Sunan County, Zhangye City, Gansu Province (38.93 degrees north latitude, 98.22 degrees east longitude). The final result is subject to the official rapid report.

Carbon capture solutions will be investigated by Airbus and airlines

Skylar Williams

Jul 19, 2022 10:40



Airbus and more than six airlines said on Monday that they had signed letters of intent to investigate acquiring carbon reduction credits to offset air travel emissions.


Airbus, Air Canada, Air France-KLM, EasyJet, International Airlines Group (LON:ICAG), LATAM Airlines (OTC:LTMAQ) Group, Lufthansa Group, and Virgin Atlantic have committed to "negotiations on the prospective pre-purchase of certified and permanent carbon elimination credits commencing in 2025."


Airbus' partner 1PointFive, a subsidiary of Occidental Petroleum Corp's (NYSE:OXY) Low Carbon Ventures division, will offer the carbon removal credits. 1PointFive proposes to build a direct air carbon capture and storage facility in Texas that will be able to remove up to 1 million tons of C02. According to Steve Kelly, CEO of 1PointFive, construction is scheduled to commence by the end of the year and conclude in 2024.


According to the companies, the partnership between Airbus and 1PointFive includes the four-year pre-purchase of 400,000 tons of carbon removal credits.


Julie Kitcher of Airbus stated, "These early letters of interest reflect a concrete step toward the implementation of this promising technology for both Airbus' decarbonization plan and the aviation industry's objective of attaining net-zero carbon emissions by 2050."


The airline industry, which accounts for around 3 percent of global carbon dioxide emissions, faces severe impediments in its pursuit of aggressive emission reduction goals. According to airline executives, carbon capture might be one component of a complex strategy to reduce emissions.


United Airlines announced in 2020 a multimillion-dollar investment in 1PointFive's intention to construct an industrial-scale direct air capture plant in the United States.


It has not yet been proven on a large scale. A single ton of carbon dioxide costs hundreds of dollars to gather. Earlier attempts at carbon capture and storage (CCS) have been unsuccessful.

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