NEW YORK (AP) — Here’s the latest sign ESG investing is now mainstream after starting as a niche corner of Wall Street: It’s become the target of Republican politicians and billionaire Elon Musk amid the nation’s cultural schism. To use an ESG approach is to consider a company’s performance on environmental and other measures before…
By David Shepardson WASHINGTON (Reuters) -Lufthansa Chief Executive Carsten Spohr said on Thursday the German airline strongly backs U.S. airplane manufacturer Boeing Co, which has faced criticism over program delays. Earlier this month, Lufthansa said it would buy 10 cargo planes including seven of the 777X version, also known as 777-8F, and boosted its order…
(Reuters) – Russia’s largest lender Sberbank has ceased to be a shareholder in some non-financial assets, the company said on Thursday, as it reviews its strategy. Sberbank said it no longer owned Okko online cinema, Zvuk streaming service, SberCloud, online checkout terminals Evotor, and Speech Technology Center – a leading Russian developer of biometric technology….
WASHINGTON (AP) — President Joe Biden’s pick to be the Federal Reserve’s top banking regulator pledged Thursday to help reduce high inflation and provide “clear rules” to govern financial innovation. “I strongly believe that inflation is far too high today and I’m committed to bringing it down to the Federal Reserve’s target of 2%,” Michael…
By Elizabeth Culliford and Katie Paul (Reuters) – WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company’s messaging event on Thursday. The messaging service, which has increasingly courted business users, is one of several platforms where Facebook-owner Meta…
By Divya Rajagopal and David Ljunggren TORONTO (Reuters) – The Canadian federal government and competition bureau should block Quebecor from buying Shaw Communications’ wireless business, telecom operators Bell Inc and Telus said in separate letters to the government and the agency, people familiar with the matter told Reuters on Thursday. Selling Shaw’s wireless business to…
The S&P is down 17.7% in its first 95 days of trading in 2022. This marks the second-worst start ever for the index (1932 we were down 33%). Technology and high growth names have been the primary drag on markets. We now see bears work their way into other elements of the market. Retail is…
KOENIGSWINTER, Germany (Reuters) – The Group of Seven economic powers expect to meet a climate change financing goal for developing countries by next year, G7 finance chiefs said in a draft communique from a meeting in Germany. “We are strongly committed to achieving the collective climate finance mobilisation goal of 100 billion US dollars per…
BERLIN (Reuters) -Mercedes-Benz outlined a new strategy fuelled by “creating desire” through scarcity at a strategy day on the French Cote d’Azur, where it showcased its luxury models to analysts, investors and selected customers. The German carmaker will dedicate 75% of its investments to top-end vehicles and its highest-selling segment of “core luxury” C-Class and…
By Aishwarya Nair (Reuters) – Harley-Davidson Inc said on Thursday it will suspend vehicle assembly and shipments for a two-week period, excluding those from its electric-vehicle division LiveWire, due to a parts issue related to a supplier. The iconic motorbike maker said the decision was made after a third-party supplier, which was not named, informed…
