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Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy and higher inflation
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After years of survival, China's Huawei returns to revenue peak
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China's Xi urges global CEOs to protect trade as Trump tariffs loom
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Trump threatens larger tariffs if Europe works with Canada
President Trump has threatened to impose larger tariffs on the European Union and Canada if they team up against the US, as an escalating trade war with the two allies continues. Source: The Hill “If the European Union works with Canada in order to do economic harm to the USA, large scale tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!” Trump wrote on Truth Social early Thursday morning. The threat comes after Trump announced that he will impose a 25 percent tariff on foreign-made vehicle imports, which will hit countries like Germany particularly hard. European automakers criticized the move, arguing it will hurt US manufacturing while the nations are already impacted by Trump’s steel and aluminium tariffs on trading partners. The president has also teased reciprocal tariffs set to take effect 2 April, which the president has called “liberation day”, which will hit trading partners with the same tariffs they levy on the US. Earlier this month, Trump announced broad tariffs on Canadian and Mexican imports and a one-month delay for auto parts covered under the US-Mexico-Canada trade agreement, which is set to expire next week.
Kategorien: Forest Products Industry
Built by Nature global prize for responsible timber in construction
Built by Nature has launched its 2025 global prize called the Built by Nature Prize, recognising exemplary real-world applications of the Principles for Responsible Timber Construction in predominantly timber buildings. Source: Timberbiz On 7 April, the grant-funding network will open applications for completed and in-use projects, including new builds, renovations, and the significant prize will highlight excellence in demonstration of the Principles, with winners announced at the annual Built by Nature Summit in October. Winning buildings will be showcased at high-profile events and a documentary film premiered at COP, included in an international study tour, and presented as examples of responsible timber construction on the Built by Nature Knowledge Hub. A panel of international experts from across the construction value chain will judge submissions based on alignment with the Principles. Developed by Built by Nature and in collaboration with the Forest and Climate Leaders Partnership (FCLP), Bauhaus Earth and other stakeholders, the Principles establish a common framework of requirements to ensure the timber building industry can thrive sustainably. Promoting and leveraging projects that exemplify the Principles, the Prize campaign demonstrates to policymakers and the construction industry the relationship between responsible timber construction and positive outcomes for forests, biodiversity, climate, and communities across the globe. “We are proud to launch our 2025 Prize to recognise the best timber construction projects from around the world. Entrants will be asked to show how their projects align with the Principles for Responsible Timber Construction, using existing project information. The sector is already delivering great timber buildings, now it’s time to celebrate success and accelerate its replication,” Paul King, CEO of Built by Nature said. Prize judge Manuel Pulgar-Vidal, Global Leader of Climate & Energy at WWF and Interim Chair of the IUCN Climate Crisis Commission said that the Principles provide consensus-based guidance for policymakers and governments, to inform regulation and support incentives for investment. They can, and should, become the global standard for timber buildings, framed under sustainability rules. The judging panel also sees a return for Ana Belizário, Sales and Business Development Director of Brazilian mass timber manufacturer Urbem, who judged the first BbN Prize in 2024. “COP30, in my native Brazil, is a huge moment for timber buildings. Ten years after the Paris Agreement, an Amazon COP must focus on timber supply chains so we can build more effectively for people, planet, and nature. This Prize will showcase the very best examples to the world,” she said. The Prize is open to all timber-based buildings that align with the Principles, with the application window opening on 7 April. English is the preferred language for applications, with translation provided if required on request. Full details of the application criteria and process can be found on the Built by Nature website. https://builtbn.org/prize/
Kategorien: Forest Products Industry
Stora Enso’s 62 million seedlings for Sweden, Finland and Norway
More than 62 million tree seedlings. That is the number of seedlings Stora Enso planted or delivered to its customers in 2024. The seedlings are planted to regenerate forests after final felling across the Nordics and the Baltics. Source: Timberbiz In its annual report, Stora Enso reported that the seedlings planted in its own forests or delivered to other forest owners: a little over 20 million of the seedlings end up in its own forests in Sweden, and more than 19 million were planted on private forest owners’ lands in Sweden, Finland, Norway, and the Baltics. In addition, the company delivered approximately 23 million seedlings to other external customers, such as other forestry companies. Forest regeneration is a crucial part of even-aged forestry – the most common forest management method in Northern Europe. When new trees are planted after final fellings, Stora Enso makes sure there will be new forest growing to replace the felled trees. This is required by law. Planted seedlings are grown in nurseries both in Store Enso’s own nurseries in Sweden as well as by suppliers in Finland and the Baltics. The seedlings are grown from seeds produced in tree breeding programs to enhance growth and other characteristics over time. These programs are set up to ensure that the tree seedlings will be fit to the environmental conditions in the forest, now and over the decades to come. In practice, this is done by selecting trees with characteristics that are valuable for nature, productivity and resilience and crossing them with each other to produce seeds. Some important characteristics taken into account are: Tree growth: well-growing trees form forests that not only have high productivity value but also help to mitigate climate change by binding carbon dioxide more efficiently from the atmosphere Genetic diversity: healthy forests require diverse tree species but also genetically diverse tree individuals, which is why all breeding is set up to ensure sufficient genetic variability Health and strength: breeding is also set up to increase trees’ natural robustness to withstand different weather conditions as well as pests and pathogens Resilience and climate adaptation: the above-mentioned characteristic also contribute to climate change mitigation as well as to the trees’ resilience and adaptation towards the changing climate, such as extreme weather and warmer forest environments Combination of planted and natural seedlings enhance diversity. Over time, the seedlings planted in a regeneration area get mixed with naturally regenerated seedlings that grow from seeds in the soil. The company tends the forest for the first time when trees are approximately two meters in height, and at that point they leave some of the naturally regenerated seedlings. This results in a mixture of species and trees of various genetic origin. The focus remains on fostering healthy, thriving forests that will stand the test of time and the changing climate. By planting and nurturing over 62 million tree seedlings in 2024, Stora Enso ensures the regeneration of forests and works towards resilient and diverse forest ecosystems.
Kategorien: Forest Products Industry
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