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German company sells heat pump business to US firm Carrier

Published Tue, 25 Feb 2025 04:54:53 GMT

BERLIN (AP) — Germany’s Viessmann Group is selling its business with heat pumps, viewed as a key technology in making heating more climate-friendly, to Florida-based Carrier Global Corp. as part of a 12 billion-euro ($13.2 billion) deal. The sale of Viessmann’s “climate solutions” business, which includes heat pumps and which both companies announced late Tuesday, comes as Germany is putting into place plans to phase out gas and oil heating systems as a way to curb global warming. Heat pumps are seen as important to weaning Germans off those systems. German Vice Chancellor Robert Habeck, who is leading those plans, said the Viessmann deal showed that the market for heat pumps “is so attractive that it is drawing investment.” He said in a statement that the government would examine the deal. “It is important that the advantages of our energy policy and profits that are made with it continue to benefit Germany as a location,” he said. “We will pay attention to this.”Senior...

In The News for April 26 : Sentencing in hit-and-run death of Calgary police officer

Published Tue, 25 Feb 2025 04:54:53 GMT

In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what’s on the radar of our editors for the morning of April 26 …What we are watching in Canada …A sentencing hearing is scheduled to begin today for a youth found guilty of manslaughter in the hit-and-run death of a Calgary police officer.Sgt. Andrew Harnett died in hospital on Dec. 31, 2020, after being dragged by a fleeing SUV and falling into the path of an oncoming car. The driver, who cannot be identified because he was 17 at the time, testified during his trial that he was frightened when Harnett and another officer approached the vehicle during a traffic stop and he saw Harnett put his hand on his gun. The youth’s lawyer said his client was guilty of manslaughter, but not first-degree murder, and the judge agreed.The Crown has indicated it will be seeking an adult sentence for the now 20-year-old. The three-day hearing is to include several victim impact...

Kingsolver, O’Farrell among Women’s Prize fiction finalists

Published Tue, 25 Feb 2025 04:54:53 GMT

LONDON (AP) — An Appalachian update on Charles Dickens and a tale told by a dolphin are among the six finalists announced Wednesday for the prestigious Women’s Prize for Fiction. American writer Barbara Kingsolver’s “Demon Copperhead,” a reworking of “David Copperfield” set in modern-day Virginia, and U.K. novelist Laline Paull’s deep-sea drama “Pod” are among the contenders for the 30,000 pound ($37,000) award.Kingsolver previously won the Women’s Prize in 2010 for “The Lacuna.” Britain’s Maggie O’Farrell, who won in 2020 for “Hamnet,” is a finalist again for Italian Renaissance tale “The Marriage Portrait.”The finalists also include three debut novels: “Trespasses,” a love story by Irish writer Louise Kennedy that is set during Northern Ireland’s years of violence; “Fire Rush,” a dub reggae-drenched coming-of-age tale by Britain’s Jacqueline Crooks; and Sarajevo-set war saga “Black Butterflies” by Britain’s Priscilla Morris.Broadcast journalist Louise Minchin, who is chairin...

Silicon Valley company raises $250M for hydrogen technology

Published Tue, 25 Feb 2025 04:54:53 GMT

In what could prove a milestone for an industry that hopes to help address climate change, the Silicon Valley company Ohmium announced Wednesday it has raised $250 million to increase production of machines that can make clean hydrogen and displace fossil fuels.Some climate experts say burning hydrogen can substitute for burning coal, oil or gas, for example in making steel or cement — without contributing to climate change. That’s been largely theoretical, but real world examples are now growing.Just four or five years ago, a company working on clean hydrogen from water would not have been able to raise several hundred million dollars, said Daryl Wilson, executive director of the Hydrogen Council. But now there’s rapid growth and demand for it, and a broader recognition that it’s key to addressing climate change, he said.Mark Viehman, a hydrogen and clean fuels expert at the consulting firm Capgemini, called $250 million a “very impressive” fundraise, and said its own recent ...

Teck separation shareholder vote results to be made public Wednesday

Published Tue, 25 Feb 2025 04:54:53 GMT

VANCOUVER — The results of a key vote by shareholders of Teck Resources Ltd., which is facing a hostile takeover attempt by Swiss commodities trader Glencore, will be made public Wednesday.It’s a critical moment for the Vancouver-based mining company, which has been working to secure support for its plan to split the company’s metals and steelmaking coal businesses into two separate companies.Glencore is urging shareholders to reject the company’s proposal in favour of its offer to acquire the company, and has said it cannot pursue its own bid if Teck’s plan to separate its businesses goes ahead.But while a shareholder vote against Teck’s proposal Wednesday could pave the way for negotiations with Glencore, that doesn’t mean a merger with the Swiss company would be a slam-dunk.The unsolicited pursuit of what is Canada’s largest diversified mining company by an international giant has triggered sentiments of economic nationalism, and B.C. Pre...

German president ending visit to Canada in Northwest Territories

Published Tue, 25 Feb 2025 04:54:53 GMT

YELLOWKNIFE — Germany’s president is to arrive in the Northwest Territories today to begin the final leg of his four-day official visit to Canada. Frank-Walter Steinmeier is to be welcomed at the Yellowknife airport by territorial commissioner Margaret Thom and Mayor Rebecca Alty. He is set to join Gov. Gen. Mary Simon at Joint Task Force North headquarters for a tour and briefing with senior officials.They will then head north to the hamlet of Tuktoyaktuk where they are to meet with Indigenous leaders and members of the community. While in Tuktoyaktuk, they plan to visit the shore of the Arctic Ocean to learn about the effects of climate change and view homes that were relocated due to coastal erosion.They are also scheduled to attend a presentation on the Smart Ice Project which combines traditional knowledge with modern technology to monitor ice, as well as dog sledding and ice fishing demonstrations. They will end their time in Tuktoyaktuk by attending a community event at...

‘Where’s the accountability?’ Deadline looms for mass shooting inquiry recommendation

Published Tue, 25 Feb 2025 04:54:53 GMT

HALIFAX — In the coming days, the federal and Nova Scotia governments will face the first deadline for action recommended by the inquiry that investigated the worst mass shooting in Canadian history.The Mass Casualty Commission, which tabled its final report last month, has called on the two levels of government to deal with the “unmet need for mental health, grief and bereavement supports” in northern and central Nova Scotia, where 22 people were shot dead on April 18-19, 2020.It remains unclear what, if anything, will happen when the deadline arrives on Monday, but one thing is certain: Serena Lewis will be watching.The registered social worker was the province’s grief and bereavement coordinator in northern Nova Scotia three years ago when a gunman disguised as a Mountie went on a 13-hour rampage through the largely rural area.“I’ve dedicated my career to (dealing with) grief, but it’s very difficult with something of this magnitude,” Lew...

Cones of shame: Montreal officials vow to cut down ubiquitous construction cones

Published Tue, 25 Feb 2025 04:54:53 GMT

MONTREAL — Along a downtown Montreal street, in sight of city hall, orange-and-white-striped traffic cones stand in a row on the sidewalk. A few metres away, more cones mark off construction sites, while a solitary cone is perched atop a blue bollard separating the street from a bike lane.Montreal’s ubiquitous traffic cones have become an unofficial symbol of the city: miniature versions are sold as souvenirs and toys, residents dress up as cones for Halloween, and a local artist has transformed one into a comic book hero. But while some Montrealers have embraced the symbol, the city’s chamber of commerce says the cones — and the road closures that often, but not always, accompany them — are a source of frustration. The cones have become so common drivers no longer interpret them as a warning, Michel Leblanc, the president and CEO of the Chamber of Commerce of Metropolitan Montreal, said in an interview Tuesday. “People are desensitized, drivers are desensitized, i...

Daily horoscope for April 26, 2023

Published Tue, 25 Feb 2025 04:54:53 GMT

Moon Alert: Avoid shopping or making important decisions after 7:30 p.m. EDT today (4:30 p.m. to 11:45 p.m. PDT). After that, the Moon moves from Cancer into Leo.Happy Birthday for Wednesday, April 26, 2023:You are an efficient self-starter. You plan carefully because you like to be prepared. This is a year of new beginnings, adventures and major changes in your life. Keep your eyes open for new opportunities. Be prepared to take on a leadership role.ARIES(March 21-April 19) ★★★An unexpected surprise will please you today. This might come from a family member, or it might be a pleasant change that affects your home or possibly your entire family. It will make you feel good. Whatever occurs might inspire you in some way. Tonight: Sympathetic discussions.TAURUS(April 20-May 20) ★★★★This is a feel-good day. This is why you’re happy to schmooze with others. It’s easy to be generous to people with your time, your advice and your wealth. You feel idealistic about a friend, whi...

Banks in crisis are not the cause of the world’s problems, but they are a symptom

Published Tue, 25 Feb 2025 04:54:53 GMT

Another month, another bank in turmoil, writes Ilgar Nagiyev.Banking as an industry prospers - survives even - thanks to dependability; the sense of trust that they project so well. Swiss banks in particular have long mastered this; establishing themselves as time-tested institutions. This armour of trust, however, starts to look a little rusty when a Swiss bank collapses.Credit Suisse was the second largest bank in Switzerland, with in excess of five-hundred-and-seventy billion dollars in assets and three times as much under management. It was seen as too big, too old, too established to fail, yet it collapsed in the same week as the Tier One-rated Silicon Valley Bank. Collapses like this are a problem, but they are not the problem. The problem stems from growth or rather a lack of it. We are voraciously addicted to growth and when we can’t get it, we experience negative side effects.And growth is proving harder to find.After the fall of the Berlin wall, free market economics quick...