The unprecedented collapse in European carbon prices is shattering Australia’s budget assumptions just as corporate resistance to the market weakens in the developed world’s biggest per capita polluter.
Carbon credits from projects to halt deforestation can achieve “premium prices” compared with other types of voluntary offsets as demand is set to quadruple in the next three years, according to CF Partners.
They call it “money camp.” Twice a week, 6- to 11-year-old scions of wealthy families take classes on being rich. They compete to corner commodities markets in Pit, the raucous Parker Brothers card game, and take part in a workshop called “business in a box,” examining products that aren’t obvious gold mines, such as the packaging on Apple Inc.’s iPhone rather than the phone itself.
Executives facing trial in U.S. courts over accusations of bribing foreign officials may be encouraged to fight charges as prosecutors regroup after two courtroom setbacks and await a verdict in their largest overseas corruption probe targeting individuals.
Yell Group Plc , the publisher of the U.K.’s yellow pages directories, dropped the most in two years in London trading after saying that Chief Executive Officer John Condron and Chief Financial Officer John Davis are leaving.