Businesses
Here's a look at documents from U.S. and international businesses
Featured Stories
Walmart Expands Exclusive and Private Brand Portfolio With New Hardware Assortments and Launch of Mainstays Kids
BENTONVILLE, Arkansas, May 28 -- Walmart issued the following news:
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Walmart Expands Exclusive and Private Brand Portfolio with New Hardware Assortments and Launch of Mainstays Kids
Retailer introduces Greenworks Pro at Walmart and unveils first new Home brand launch in five years.
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Walmart is continuing to evolve its assortment strategy with the expansion of exclusive and private brands across key lifestyle categories, introducing new offerings in Hardware and Home designed to deliver innovation, style and value for customers.
This spring, Walmart is introducing a refreshed Hardware
... Show Full Article
BENTONVILLE, Arkansas, May 28 -- Walmart issued the following news:
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Walmart Expands Exclusive and Private Brand Portfolio with New Hardware Assortments and Launch of Mainstays Kids
Retailer introduces Greenworks Pro at Walmart and unveils first new Home brand launch in five years.
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Walmart is continuing to evolve its assortment strategy with the expansion of exclusive and private brands across key lifestyle categories, introducing new offerings in Hardware and Home designed to deliver innovation, style and value for customers.
This spring, Walmart is introducing a refreshed HardwareDepartment featuring the exclusive launch of Greenworks Pro - a professional-grade line of power tools available only at Walmart - alongside an expanded lineup of Greenworks 24V POWERALL tools and a broader assortment of Hyper Tough products. In Home, Walmart is introducing Mainstays Kids, the retailer's first new Home brand launch in five years, featuring more than 600 items across furniture, bedding, bath and decor.
Together, these launches reflect Walmart's continued focus on building customer-driven brands and expanding access to quality products at affordable prices.
"At Walmart, we're always looking for ways to bring innovative products, modern design and strong value to our customers," said Courtney Carlson, senior vice president of merchandising at Walmart. "From professional-grade tools to stylish, affordable home decor for families, these launches reflect how we're continuing to evolve our assortment to better serve the needs of today's customers."
As part of Walmart's Hardware Department refresh, customers will now find expanded offerings designed for both DIY customers and professionals, including:
* Greenworks Pro, a professional line of power tools available exclusively at Walmart
* Expanded Greenworks 24V POWERALL tools designed for versatility, portability and convenience
* Expanded Hyper Tough assortments including 12V and 20V brushless power tools and batteries, hand tools and mechanic tools
In Home, Mainstays Kids introduces a fresh, modern approach to children's decor with six coordinated collections designed to help families create playful, functional and personalized spaces for kids of all ages. The assortment spans 12 categories and includes furniture, bedding, bath, decor and more.
These launches underscore Walmart's continued investment in exclusive products and owned brands that combine accessibility, trend-forward design and performance for customers nationwide.
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About Walmart
Walmart Inc. (Nasdaq: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 280 million customers and members visit more than 10,900 stores and numerous eCommerce websites in 19 countries. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity.
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Original text here: https://corporate.walmart.com/news/2026/05/27/walmart-expands-exclusive-and-private-brand-portfolio
[Category: BizConsumer Services]
UM Baltimore Washington Medical Center Earns Top Quality and Safety Awards in 2026 From CMS, The Leapfrog Group and Healthgrade
BALTIMORE, Maryland, May 28 -- The University of Maryland Baltimore issued the following news release:
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UM Baltimore Washington Medical Center Earns Top Quality and Safety Awards in 2026 from CMS, The Leapfrog Group and Healthgrades
The hospital has been bestowed the national gold standard measure of quality and patient safety by several third-party review organizations
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GLEN BURNIE, Md. - University of Maryland Baltimore Washington Medical Center (UM BWMC) has received national recognition by multiple third-party review organizations in spring 2026. The hospital was awarded a five-star
... Show Full Article
BALTIMORE, Maryland, May 28 -- The University of Maryland Baltimore issued the following news release:
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UM Baltimore Washington Medical Center Earns Top Quality and Safety Awards in 2026 from CMS, The Leapfrog Group and Healthgrades
The hospital has been bestowed the national gold standard measure of quality and patient safety by several third-party review organizations
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GLEN BURNIE, Md. - University of Maryland Baltimore Washington Medical Center (UM BWMC) has received national recognition by multiple third-party review organizations in spring 2026. The hospital was awarded a five-starquality rating from Centers for Medicare & Medicaid Services (CMS), an "A" Hospital Safety Grade by The Leapfrog Group and several top specialty rankings from Healthgrades.
Out of more than 4,000 hospitals nationwide, only 12 percent received the highest possible 5-star rating. In Maryland, only seven hospitals were given this distinction, including UM BWMC and two other UMMS member organizations, UM Shore Medical Center in Chestertown and UM St. Joseph Medical Center in Towson.
"As standards continue to evolve across health care, we are not standing still. We continue to improve, transform and advance our performance," said Kathy McCollum, President of UM BWMC, a member organization of the University of Maryland Medical System (UMMS). "When viewed alongside earlier honors -- including our ranking as the #5 hospital in Maryland by U.S. News & World Report -- a clear pattern emerges: UM BWMC consistently demonstrates exceptional quality, safety and patient-centered care."
"A CMS five-star designation is not just about metrics," said Jeffrey Marshall, MD, MPH, Senior Vice President and Associate Chief Medical Officer at UM BWMC. "It represents all of those small everyday acts of compassion, teamwork, vigilance and dedication from our physicians, nurses and staff."
UM BWMC also earned an "A" Hospital Safety Grade for Spring 2026 from The Leapfrog Group, a third-party nonprofit rating organization. Hospitals are assigned an "A," "B," "C," "D," or "F" based on 32 national performance measures and publicly available hospital data. This honor recognizes UM BWMC's continuous efforts to enhance patient safety and experience, ranking the organization among the top 32% of hospitals nationwide.
Healthgrades further recognized UM BWMC for excellence in surgical care and named it among America's 50 best hospitals for vascular surgery as well as one of America's 100 best hospitals for spine surgery, amongst other national distinctions for clinical excellence.
"This is a testament to our colleagues' on-going focus on quality and safety and driving organizational performance -- no matter how you measure it" said Jason Heavner, MD, Senior Vice President and Chief Medical Officer at UM BWMC.
"This recognition is deeply personal because it reflects the trust our community places in us during some of the most important and vulnerable moments in their lives," added Dr. Marshall, who oversees the hospital's Quality and Patient Safety department. "I could not be prouder of our team and the culture they have built together in service of our patients and community."
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Original text here: https://www.umms.org/bwmc/news/2026/spring-awards
[Category: BizHospital]
Platoon Aviation's Fleet Will Expand Charter Operations to Become Europe's Largest Cessna Citation Longitude Fleet
WICHITA, Kansas, May 28 -- Textron Aviation, a subsidiary of Textron, posted the following news release:
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Platoon Aviation's fleet will expand charter operations to become Europe's largest Cessna Citation Longitude fleet
Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced it has entered into a multi-aircraft fleet purchase agreement with Platoon Aviation that positions the Hamburg-based charter operator to become the largest Cessna Citation Longitude fleet owner in Europe. Platoon Aviation provides on-demand private jet travel, serving business and leisure travelers
... Show Full Article
WICHITA, Kansas, May 28 -- Textron Aviation, a subsidiary of Textron, posted the following news release:
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Platoon Aviation's fleet will expand charter operations to become Europe's largest Cessna Citation Longitude fleet
Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced it has entered into a multi-aircraft fleet purchase agreement with Platoon Aviation that positions the Hamburg-based charter operator to become the largest Cessna Citation Longitude fleet owner in Europe. Platoon Aviation provides on-demand private jet travel, serving business and leisure travelersseeking long-range capability, cabin comfort and operational reliability. Deliveries of the Citation Longitude aircraft are expected to begin in 2027.
"From performance and cabin experience to the strength of our global support network, the Citation Longitude provides charter operators with the confidence to grow their fleets and serve customers at the highest level," said Lannie O'Bannion, senior vice president, Sales & Marketing, Textron Aviation. "This agreement with Platoon Aviation underscores the Longitude's leadership in the super-midsize segment and the trust customers place in Cessna and our team."
As the flagship of the Citation family, the Citation Longitude is designed around the needs of both pilots and passengers, delivering advanced avionics, efficient operating economics and a refined in-flight experience. The business jet is well suited for European charter operations, offering the range and performance to connect key business corridors nonstop, including routes such as Hamburg to Madrid and London to Athens. The aircraft features the quietest cabin in the super-midsize class, a flat-floor stand-up cabin measuring 1.83 meters, seating for up to 12 passengers and class-leading legroom.
"Platoon Aviation is redefining what business aviation can look like in the next decade," said Deniz WeiBenborn, CEO, Platoon Aviation. "The Citation Longitude fleet expansion reflects our commitment to building a future-proof, next-generation aviation platform that combines operational efficiency, sustainability and uncompromising comfort. The aircraft position us to meet the evolving expectations of modern travelers while giving our clients greater flexibility, reliability and connectivity across Europe and beyond."
Textron Aviation delivers comprehensive global aftermarket service and support for Cessna and Beechcraft customers, providing complete life-cycle support wherever aircraft operate. For an expanding European charter operator like Platoon Aviation, this support is enabled by a strong regional footprint that includes five company-owned service centers, a network of Authorized Service Facilities (ASFs) and mobile service support teams, ensuring responsive, expert care across the region. European operators also benefit from the company's European Parts Distribution Center (EUDC), providing fast shipping, reliable access to genuine parts and dedicated in-region support. Backed by 24/7 Aircraft-on-Ground (AOG) assistance, this integrated support network helps Platoon Aviation maximize fleet availability and maintain the high utilization required to reliably serve customers across Europe.
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About the Cessna Citation Longitude
With a range of 6,482 kilometers (3,500 nautical miles) and full fuel payload of 726 kilograms (1,600 pounds), the Citation Longitude offers customers a low cabin altitude (1,509 meters / 4,950 feet) at 12,500 meters/ 41,000 feet, more standard features and a comfortable, bespoke interior. The aircraft features fully berthable seats and a spacious walk-in baggage compartment that is accessible throughout the flight. The spacious cockpit incorporates easier access and an ergonomic design that fully focuses on crew comfort and efficiency.
The clean-sheet design of the Longitude integrates the latest technology throughout the aircraft, bringing customers the lowest direct operating cost in its class. Powered by FADEC-equipped Honeywell HTF7700L turbofan engines, the Longitude combines on-condition engine overhaul periods to best-in-class airframe inspection intervals of 18 months and 800 hours. Textron Aviation's full-time diagnostics recording system (LinxUs) and 3D Technical Publications leverage advanced technology to reduce maintenance downtime and overall costs to operation.
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About Textron Aviation Inc.
We have been inspiring the journey of flight for nearly 100 years. Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna, Hawker and Pipistrel brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, light and high-performance pistons, to special mission, military trainer and defense aircraft, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable, productive and flexible flight.
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About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems.
Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders.
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Original text here: https://media.txtav.com/266115-platoon-aviation-s-fleet-will-expand-charter-operations-to-become-europe-s-largest-cessna-citation-longitude-fleet/
[Category: BizAerospace]
Newmark Arranges Property Sale and Portfolio Financing on Behalf of DFW Land in Dallas' Park Lane District
NEW YORK, May 28 -- Newmark Group, a commercial real estate company that says they offer comprehensive suite of services and products, posted the following news release:
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Newmark Arranges Property Sale and Portfolio Financing on Behalf of DFW Land in Dallas' Park Lane District
Newmark announces the Company has arranged the sale of 8020 Park Lane, a 120,923-square-foot Class A office property located within The Shops at Park Lane mixed-use district in Dallas, Texas, to buyer DFW Land. The transaction marks DFW Land's continued expansion in the submarket following its prior acquisition of
... Show Full Article
NEW YORK, May 28 -- Newmark Group, a commercial real estate company that says they offer comprehensive suite of services and products, posted the following news release:
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Newmark Arranges Property Sale and Portfolio Financing on Behalf of DFW Land in Dallas' Park Lane District
Newmark announces the Company has arranged the sale of 8020 Park Lane, a 120,923-square-foot Class A office property located within The Shops at Park Lane mixed-use district in Dallas, Texas, to buyer DFW Land. The transaction marks DFW Land's continued expansion in the submarket following its prior acquisition of8070 & 8080 Park Lane. In conjunction with the property acquisition, Newmark also arranged portfolio financing for the combined office holdings.
Newmark Capital Markets Vice Chairmen Chris Murphy, Gary Carr and Robert Hill and Director Austin Sheahan represented the seller, Northwood Investors, in the transaction. Senior Managing Director Andrew Porteous of Newmark's Debt & Structured Finance group, along with Vice Chairman Clint Frease, Senior Managing Director Chris McColpin and Director Josh Francis, arranged the financing on behalf of DFW Land.
"DFW Land continues to execute on a clear strategy at Park Lane, building scale in one of Dallas' most dynamic mixed-use environments," said Murphy. "8020 Park Lane complements its existing holdings with a fully leased newer vintage asset that enhances both income stability and long-term optionality."
Originally constructed in 2015, 8020 Park Lane is a state-of-the-art, trophy office building that is 100% leased to Energy Transfer LP. The five-story property features approximately 30,000-square-foot floor plates, floor-to-ceiling glass and structured parking, offering a modern workplace environment within a highly amenitized setting.
"8020 Park Lane provides a strong and stable cash flow stream from an investment-grade tenant, complementing our growing roster of high-quality tenants at our Park Lane office buildings," said Brian Rosen, Chief Investment Officer of DFW Land. "We look forward to continuing our relationship with the Northwood team in operating one of the most sought-after mixed-use destinations in Dallas."
Located along US-75 with visibility to more than 300,000 vehicles per day, the property benefits from exceptional accessibility and proximity to some of Dallas' most affluent neighborhoods, including the Park Cities, Preston Hollow, Lakewood and Lake Highlands.
The 33.5-acre Shops at Park Lane Mixed-Use District offers a true live-work-play environment, with over 540,000 square feet of retail and more than 570 luxury residential units within walking distance. The district is anchored by premier retail and dining offerings and provides direct access to major transportation corridors and the Park Lane DART Station.
"Expanding our presence at Park Lane was a natural next step as we continue to grow our portfolio in high-quality, mixed-use locations," said Vijay Borra, Chief Executive Officer of DFW Land. "8020 Park Lane adds a best-in-class, stabilized asset with strong tenancy and further reinforces our long-term commitment to this submarket."
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About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents.
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Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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Original text here: https://www.nmrk.com/insights/press-releases/newmark-arranges-property-sale-and-portfolio-financing-on-behalf-of-dfw-land-in-dallas-park-lane-district
[Category: BizReal Estate]
Marcus & Millichap Closes Multifamily Asset Sale in Brooklyn for $23.5 Million
ENCINO, California, May 28 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Closes Multifamily Asset Sale in Brooklyn for $23.5 Million
BROOKLYN, N.Y. - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 1000 Ocean Parkway, a 122-unit apartment building in the Midwood neighborhood of Brooklyn, New York. The property sold for $23.5 million, or $192,623 per unit.
"We knew this asset stood out in the post-2019 rent-regulated market
... Show Full Article
ENCINO, California, May 28 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Closes Multifamily Asset Sale in Brooklyn for $23.5 Million
BROOKLYN, N.Y. - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 1000 Ocean Parkway, a 122-unit apartment building in the Midwood neighborhood of Brooklyn, New York. The property sold for $23.5 million, or $192,623 per unit.
"We knew this asset stood out in the post-2019 rent-regulated marketand the opportunity was articulated that way," said Matt Fotis of Marcus & Millichap in New York City. "Our wide, thoughtful approach uncovered a buyer new to the market and the sale exceeded all market expectations." Fotis represented the seller, the Cohen family, and procured the buyer, David Brecher, chief executive of Brooklyn-based FM Home Loans.
The property is located on the corner of Ocean Parkway and Avenue J in the heart of Midwood, a core central Brooklyn neighborhood. Public transportation is nearby at the Avenue J and Avenue M subway stations, and the B9 and B6 bus routes.
Built in 1964 and renovated in 2021, 1000 Ocean Parkway has two elevators, a doorman, laundry facilities, and a parking garage. The mix of classic and modernized apartments have high ceilings and hardwood floors. Select units have a private patio or balcony and city views.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion.
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Original text here: https://www.marcusmillichap.com/news-events/press/2026/05/marcus-millichap-closes-multifamily-asset-sale-in-brooklyn-for-23-million
[Category: BizRealEstate]
Global Clean-Energy Trade Rebounds to $479 Billion in 2025 Despite Tariffs and Geopolitical Turmoil: BloombergNEF
LONDON, England, May 28 -- BloombergNEF, a part of Bloomberg, issued the following news release:
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Global Clean-Energy Trade Rebounds to $479 Billion in 2025 Despite Tariffs and Geopolitical Turmoil: BloombergNEF
KEY TAKEAWAYS
* Despite numerous tariffs targeting energy transition sectors and other global markets, US policy failed to stifle overall trade in products central to the energy transition.
* Persistent overcapacity, fueled by Chinese overinvestment, continues to compress margins for clean-tech manufacturers across batteries, solar and electric vehicles.
* Conflict in the Middle
... Show Full Article
LONDON, England, May 28 -- BloombergNEF, a part of Bloomberg, issued the following news release:
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Global Clean-Energy Trade Rebounds to $479 Billion in 2025 Despite Tariffs and Geopolitical Turmoil: BloombergNEF
KEY TAKEAWAYS
* Despite numerous tariffs targeting energy transition sectors and other global markets, US policy failed to stifle overall trade in products central to the energy transition.
* Persistent overcapacity, fueled by Chinese overinvestment, continues to compress margins for clean-tech manufacturers across batteries, solar and electric vehicles.
* Conflict in the MiddleEast has underscored the fragility of conventional fossil-fuel supply chains, and will likely accelerate the transition to lower-carbon technologies.
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Global shipments of clean-energy products reached $479 billion in 2025, an annual rise of 1% across clean-tech, battery metals, and grid equipment. This increase represents an overall rebound in trading volumes, which slipped 7% from 2023 to 2024. BloombergNEF's Energy Transition Supply Chains 2026 report, released today, finds that cross-border clean-tech trade went up in 2025, despite the US reinstating and revising numerous tariffs across energy transition sectors.
Global supply chains have become an increasingly important focus for the energy industry in recent years, as volatile trade policies and geopolitical conflicts have come to the fore. As investors seek to reduce risk and shield themselves from market volatility, the fragility of conventional fossil-fuel supply chains could accelerate the shift toward lower-carbon technologies and drive greater international trade in clean-energy goods like solar cells and modules, batteries, and electric vehicles.
The Iran conflict has driven global fossil-fuel prices sharply higher, hitting Asian and African countries - which tend to be major net importers of oil and gas - hardest. Elevated prices will likely boost clean-tech imports in emerging economies the world over. Historical BNEF data suggests countries more dependent on fuel imports have tended to see stronger growth in imports of solar equipment, batteries and EVs. Pakistan stands out: In 2022, solar module imports jumped 189% to $1 billion, partly driven by the global fuel-price shock following Russia's invasion of Ukraine. Small-scale solar installs in the country reached a record 18.3GW in 2025 after years of steady growth, fueled by high electricity tariffs linked to costly liquefied natural gas imports, as well as persistent power outages and load-shedding. Though it is still too early to assess the war's effect on clean-tech demand, the world is already experiencing a jump in Chinese exports of key energy transition products.
"As conflict in the Middle East persists, many markets are doubling down on the deployment of clean technology to improve their energy security and resilience," said Antoine Vagneur-Jones, head of trade and supply chains at BNEF and lead author of the report. "This presents a huge opportunity for manufacturers to expand exports of the equipment and products required to power the energy transition."
Overcapacity remains a critical feature of global supply chains, mainly fueled by Chinese overinvestment, and continues to compress margins for key clean-tech products. This extends across clean-tech sectors, with the world hosting more than 200% of manufacturing capacity needed to meet global demand across the entire value chain. Wind and battery markets are also notably oversupplied. Expanding capacity outside of China is now compounding a global supply glut. Markets like Southeast Asia, India, and Turkey, for example, are all growing solar manufacturing hubs along with budding economies like Egypt and Ethiopia.
One of the key aspects of the report is an analysis of efforts to onshore manufacturing. Despite the introduction of numerous policy frameworks across Western nations, there is little chance of the US and the EU competing on the global stage as exporters. Factory capacity in both markets has increased, but expansions have been concentrated downstream, and many previously announced projects now face delays or cancellations due to slow demand, shifting policies, and intensifying competition.
Even though overcapacity persists, clean-energy equipment prices are not declining as rapidly as in recent years. Solar prices continued to drop in 2025, though the rate of decline slowed, mainly due to rising prices of silver. Battery pack prices fell from $118 per kilowatt-hour in 2024 to $108/kWh, although here, too, prices fell more slowly than in the past, largely due to elevated battery-metal prices. Onshore wind equipment prices even rose slightly as turbine makers hoped to make up for previous losses.
Other key findings from BloombergNEF's Energy Transition Supply Chains 2026 include:
* Global solar trade is now more oriented toward midstream solar cells than downstream photovoltaic modules, reflecting the rapid expansion and diversification of final module assembly outside China. Solar cells made up 44% of global cell and module trade in 2025, up from 25% the year prior. Overall solar shipments fell ahead of 2026, a year when BNEF had projected solar deployment to decline.
* India's solar manufacturing push has been successful with downstream overcapacity and midstream investment positioning it as a potential exporting giant, competing directly with China. Turkey has also emerged as a potential rival exporter.
* Most internationally traded lithium-ion batteries are bound for use in electric vehicles, but the share of batteries serving stationary energy storage systems is rising as installations grow worldwide. Energy storage systems made up 29% of overall battery shipments within the segment, growing 64% year-on-year.
* Economies exposed to high fossil-fuel prices (like Southeast Asian markets Cambodia, Laos, and Vietnam), may be primed to ramp imports quickly. These nations are also employing policies to accelerate clean-tech uptake, to combat rising gasoline, diesel, and other fuel costs.
BloombergNEF clients can find the full report and full data viewer on bnef.com and the Bloomberg Terminal.
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About BloombergNEF
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
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About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.
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Original text here: https://about.bnef.com/insights/clean-energy/global-clean-energy-trade-rebounds-to-479-billion-in-2025-despite-tariffs-and-geopolitical-turmoil-bloombergnef/
[Category: BizMedia]
Berkeley Richmond Joins Outset Collection by Hilton, Ushering in a New Era of Hospitality in Historic Shockoe Slip
MCLEAN, Virginia, May 28 -- Hilton Worldwide Holdings posted the following news release:
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The Berkeley Richmond Joins Outset Collection by Hilton, Ushering in a New Era of Hospitality in Historic Shockoe Slip
Among the first properties to join the brand, the 55 room reimagined boutique hotel blends timeless style with Southern charm in downtown Richmond, Virginia
* The Berkeley Richmond, a 55-room boutique hotel in Richmond's historic Shockoe Slip neighborhood, has joined Outset Collection by Hilton following an extensive property renovation.
* The Berkeley Richmond includes updated guest
... Show Full Article
MCLEAN, Virginia, May 28 -- Hilton Worldwide Holdings posted the following news release:
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The Berkeley Richmond Joins Outset Collection by Hilton, Ushering in a New Era of Hospitality in Historic Shockoe Slip
Among the first properties to join the brand, the 55 room reimagined boutique hotel blends timeless style with Southern charm in downtown Richmond, Virginia
* The Berkeley Richmond, a 55-room boutique hotel in Richmond's historic Shockoe Slip neighborhood, has joined Outset Collection by Hilton following an extensive property renovation.
* The Berkeley Richmond includes updated guestrooms, redesigned public spaces and the introduction of a new on-site restaurant, Parlor Bistro.
* The Berkeley Richmond combines its historic architecture and long-standing presence in downtown Richmond with Hilton's global network, guest benefits and loyalty program.
* The Berkeley Richmond is now accepting reservations as part of Outset Collection by Hilton, a new lifestyle brand focused on independent, story-rich hotels.
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A longtime fixture in Richmond's historic Shockoe Slip neighborhood, The Berkeley Richmond is entering a new chapter. Now part of Outset Collection by Hilton, a new lifestyle brand offering soulful, independent hotel experiences, the reimagined property pairs its deep local roots with a refreshed design, elevated guest experience and a bold new culinary concept.
Located in the heart of the historic Shockoe Slip neighborhood in Richmond, Virginia, the newly renovated property blends modern sophistication with timeless charm. Following a full renovation of its 55 guest rooms and public spaces, the hotel enhances the guest experience while honoring the character that makes The Berkeley a beloved destination in Richmond.
Originally opened as part of the revitalization of Shockoe Slip, The Berkeley Richmond helped transform the neighborhood into one of the city's most vibrant downtown districts and has long served as a cornerstone of the local hospitality scene. Now, as part of Outset Collection by Hilton, the hotel enters a new era, combining its distinctive character and local roots with the global scale, trusted service and benefits of Hilton.
"Joining Outset Collection allows us to honor The Berkeley Richmond's legacy while offering an elevated experience for today's travelers, now backed by the connectivity and commercial power that comes with Hilton," said Nick Patel, CEO, Kalyan Hospitality. "This next chapter reflects both the spirit of Richmond and our commitment to creating a stay that feels deeply rooted in the community we serve, the neighborhood we helped bring to life and the iconic hospitality we've always offered."
An Authentic Getaway to Richmond
One of the city's first boutique hotels, The Berkeley Richmond places guests in the heart of its most dynamic and culturally rich neighborhoods. Guests can step outside the hotel to explore the vibrant Riverfront Canal Walk and Virginia Capital Trail, offering scenic strolls, kayaking and rafting along the James River. The surrounding neighborhood is home to an eclectic mix of over 900 locally loved restaurants, breweries and cafes, alongside a thriving arts and entertainment scene featuring museums, galleries, live performances and more than 150 murals.
With easy access to historic landmarks, museums and guided tours, as well as proximity to the Virginia State Capitol and Richmond's financial district, The Berkeley Richmond provides a seamless connection to both the city's past and present and a relaxing retreat after a day spent exploring.
A Richmond Icon, Reimagined with Hilton
This transition brings a comprehensive property renovation, blending 19th-century architecture with a refined aesthetic. These thoughtful updates ensure The Berkeley Richmond's castle-inspired architecture and redbrick facade are matched by refreshed interiors that elevate the guest stay.
The design blends contemporary refinement with the hotel's character, using a rich palette of bronze metals, deep woods and soft neutrals to create an atmosphere that feels both elevated and inviting. Sculptural lighting, mirrored artwork and layered textures bring movement to the space, while brushed bronze accents and stone finishes add depth.
A Stay Rooted in Comfort and Character
Whether traveling for a romantic getaway, a business trip, or a weekend exploring Virginia's capital, guests can expect the perfect balance of traditional elegance and contemporary amenities, all offering a genuine connection to the destination.
This includes:
* 55 rooms designed for a range of travelers, from cozy kings to spacious suites with city or terrace views to pet-friendly accommodations
* Newly renovated, beautifully appointed guest rooms with design inspired by the rich colors and palettes that surround the hotel
* A redesigned lobby experience including new vinyl, front desk and furniture such as lounge-style seating providing a light and bright welcoming atmosphere
A Fresh Take on Flavor at Parlor Bistro
The Berkeley Richmond, Outset Collection by Hilton will offer a standout dining experience at Parlor Bistro, the new restaurant helmed by local couple Adam and Luong Betz. Parlor Bistro will serve American comfort foods with Vietnamese flair. Guests can enjoy a pork banh mi served on a baguette made with rice flour, along with salads, soups and more. Parlor Bistro will offer morning coffee service utilizing coffee beans sourced from Vietnam, along with breakfast and lunch. Dinner service is expected to be added in the coming months.
Groups and Gatherings Blending Southern Charm with Modern Sophistication
Whether it's a quiet business meeting, corporate social or milestone celebration, The Berkeley Richmond will provide versatile event spaces, from intimate conference rooms to ballrooms that nod to local history.
The newly renovated Governor's Suite and Parlor offer floor-to-ceiling windows with panoramic city views, two private terraces and a spacious parlor with peaked ceilings. The space is perfect for an intimate gathering, private dinner or a bridal suite with ample room for groups, photographers and special pre-ceremony moments.
A New Expression of Outset Collection by Hilton
Outset Collection brings soulful, independent hotel experiences to life, offering travelers stays with story, character and individuality, backed by Hilton's signature hospitality. The Berkeley Richmond embodies this vision through its deep ties to Richmond's ongoing evolution, celebrating a city built on history yet constantly moving forward.
"The Berkeley Richmond is a strong addition to Outset Collection, bringing a distinct sense of place, personality and a legacy to Richmond's historic Shockoe Slip district," said Elizabeth Scruggs, brand leader, Outset Collection by Hilton. "This brand was built for travelers seeking soulful gems that make the stay both immersive and meaningful, and this property delivers as it introduces a refreshed perspective shaped by today's travelers and the hotel's connection to the community."
The Berkeley Richmond joins the growing Outset Collection, where each hotel reflects its surroundings. The portfolio includes more than 60 hotels in various stages of development across the U.S., including properties across adventure outposts, urban hotspots and revived landmarks.
The Berkeley Richmond, Outset Collection by Hilton, is now accepting reservations.
The Berkeley Richmond is part of Hilton Honors, the award-winning guest loyalty program for Hilton's 27 world-class hotel brands. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount and free standard Wi-Fi. Members also enjoy popular digital tools available exclusively through the industry-leading Hilton Honors mobile app.
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About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 27 world-class brands comprising more than 9,200 properties and over 1.3 million rooms, in 144 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 4 billion guests in its more than 100-year history. Named as the No. 1 World's Best Workplace by Great Place to Work and Fortune, Hilton aims to create the best culture for its 500,000 team members around the world. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 250 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone.
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About Outset Collection by Hilton
Outset Collection by Hilton is a portfolio of soulful, independent hotels designed for travelers seeking stays with story, character and individuality. From hidden gems and revived landmarks to bold urban boutiques, each Outset Collection property reflects the spirit of its destination while delivering Hilton's signature hospitality. Whether serving as a basecamp for adventure or a hub of cultural exploration, Outset Collection hotels invite guests to embark on something new. Guests can experience Outset Collection by booking at Hilton.com or through the industry leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits.
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Original text here: https://stories.hilton.com/releases/the-berkeley-richmond-joins-outset-collection-by-hilton
[Category: BizTravel]
