Banks In EU To Publish World’s First ‘Green’ Yardstick From Next Year
Banks in the European Union would have to publish a groundbreaking “green asset ratio” (GAR) as a core measure of…
Category: World
China Studies Boeing 737 MAX Recertification, Wants Safety Concerns Fully Addressed
China’s aviation regulator said on Monday that its major safety concerns with the Boeing Co 737 MAX have to be…
SoftBank’s Internet Business To Invest $4.7 Billion In Tech Over Five Years…
SoftBank’s internet subsidiary Z Holdings on Monday outlined plans to invest 500 billion yen ($4.7 billion) in technology over five…
How A 10-Second Video Clip Sold For $6.6 Million
In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have…
Texas Electricity Firm Files For Bankruptcy Citing $1.8 Billion In Claims From Grid Operator
Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a…
Biden Urges Workers To ‘Make Your Voice Heard’ As Amazon Employees Vote On Union
President Joe Biden defended workers’ rights to form unions and warned against intimidation of workers in a video posted on…
Cryptocurrencies: Why Nigeria Is A Global Leader In Bitcoin Trade
More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in…
Tech Demand Drives Asia’s Factory Revival, China’s Slowdown Puts Dampener
Solid demand for technology goods drove extended growth in Asia’s factories in February, but a slowdown in China underscored the…
Heathrow Imposes Passenger Charges To Cover Covid-19 Costs
London’s Heathrow airport will charge departing passengers an extra £8.90 (S$16.50) in an effort to claw back costs as the…
Japanese Companies Go High-Tech In The Battle Against Food Waste
Japanese companies are ramping up the use of artificial intelligence and other advanced technology to reduce waste and cut costs…
Risk Currencies Recover From Friday Carnage As Bonds Regain Composure
The Australian dollar and other riskier currencies rebounded against the U.S. dollar on Monday, as a sell-off last week in…
A Digital Dollar Would Help The U.S. And Its Allies Keep China In Check
Chinese officials have made no secret that their greatly accelerated efforts at introducing and distributing the digital yuan are an…
From U.S. Domination To Energy Transition, Two Years That Changed Oil
Former U.S. Secretary of State Mike Pompeo took the stage at the world’s largest energy conference in 2019 to declare…
Bank Of England Official Warns Inflationary ‘Tiger’ Has Awoken, Sending Bond Yields Higher
U.K. bond yields rose on Friday after Bank of England Chief Economist Andy Haldane warned that inflation may become difficult…
Barclays Found Guilty Of “Serious Deceit” In 2008 Fundraising, Staveley Denied Damages
A London High Court judge has found Barclays guilty of “serious deceit” over how it negotiated a financial lifeline with…
London Could Lose Out To New York Under Draft EU Finance Deal: Document
The City of London’s finance industry would be worse off than rival New York under an early draft for a…
Bond Markets Left Smarting From Worst Rout In Years As Reflation Goes Global
From the United States to Germany and Australia, government borrowing costs on Friday were set to end February with their…
Global Stocks Routed As Inflation Fears Dominate
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks…
Oil Drops 1% On U.S. Dollar Strength, Expectations For Supply Gains
Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations…
Pandemic Pushes BA-Owner IAG To A 4.4 Billion Euro Loss In 2020
British Airways-owner IAG posted a loss of 4.37 billion euros ($5.31 billion) for 2020 after a year of minimal flying…
China’s Huawei, Reeling From U.S. Sanctions, Plans Foray Into EVs – Sources
China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources…
Planemaker Airbus Unveils Emissions Data Amid Climate Pressure
European planemaker Airbus on Friday joined a growing list of companies outlining the environmental impact of their products, as aviation…
Yuan Hits One-Month Low, Set To Snap Eight Months Of Gains
China’s yuan hit one-month lows against a firmer U.S. dollar on Friday, after rallying for eight consecutive months, as fresh…
Investment Funds Increase Pressure On Danone CEO
U.S. investment company Artisan Partners joined activist investor Bluebell Capital Partners on Friday in demanding that French food group Danone…
Debt Crisis Threatens Developing Nations, World Bank Head Says
U.S. Economy Recovering Fast, World Bank’s Malpass Says Developing nations remain at risk of a debt crisis due to the…
Analysis: Hyundai Bought Chips When Rivals Didn’t; Its Assembly Lines Are Still Rolling
Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips…
U.S. Senate Referee Says Democrats Cannot Include $15 Minimum Wage In COVID Bill
In a blow to Democrats, the Senate parliamentarian ruled the chamber cannot include President Joe Biden’s proposed $15-an-hour minimum wage…
Twitter Sees Revenue Doubling In 2023, Shares Hit Record High
Twitter Inc said Thursday it expects to double annual revenue to at least $7.5 billion and reach 315 million users…
Google Pledges Changes To Research Oversight After Internal Revolt
Alphabet Inc’s Google will change procedures before July for reviewing its scientists’ work, according to a town hall recording heard…
Former Mining Exec Details Suitcase Full Of Cash He Used To Seal Deals
A former Glencore director said he used to fly the world carrying a bag full of cash to secure deals…