Twitter Inc said on Tuesday it will offer Elon Musk a seat on its board of directors, a position the Tesla boss and entrepreneur plans to use to bring about significant improvements at the social media site after disclosing a sizeable holding. Musk reported in a regulatory filing on Monday that he had amassed a […]
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Drastic cuts to fossil fuel use. Growing forests and eating less meat. These are just some of the actions needed in this decade to contain global warming to 1.5 degrees Celsius above preindustrial temperatures, a major report by the U.N. climate science agency said Monday. Despite climate change warnings issued by the Intergovernmental Panel on […]
Britain set out a detailed plan on Monday to exploit the potential of crypto assets and their underlying blockchain technology to help consumers make payments more efficiently. As part of creating a global crypto asset hub, financial services minister John Glen said Britain will legislate to bring some stablecoins under the regulatory net such as […]
The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine. Defensive sectors, such as utilities and healthcare, lagged. Shares of […]
JPMorgan boss Jamie Dimon warned on Monday that the bank could lose about $1 billion on its Russia exposure, the first time it has detailed the extent of its potential losses resulting from the conflict in Ukraine. In his keenly watched annual letter to shareholders, the chairman and chief executive of the biggest U.S. bank […]
Pandemic-related supply chain problems slowed the rollout of new wind power in 2021, as the sector lags far behind the capacity needed to curb greenhouse gas emissions and meet net zero emission targets, an industry report said on Monday. The Global Wind Energy Council (GWEC) report comes ahead of a U.N. report to be published […]
An electric car is a clean car, right? If only it were so simple. From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors. These obstacles represent opportunities for a growing group of companies […]
European shares rose slightly after early sluggishness on Friday, as a rally in bank stocks helped outweigh worries about economic growth and inflation, with Europe facing a deadline to start paying for Russian gas in roubles.Russian President Vladimir Putin threatened to cut off gas supplies unless paid in local currency from April 1 — a […]
French agribusiness group InVivo has entered exclusive negotiations to merge its retail activities with 2MX Organic, an acquisition vehicle backed by French telecoms billionaire Xavier Niel, the companies said on Thursday. The planned deal is based on a 675 million euro ($748 million) enterprise value for InVivo Retail, they said. The business would become a […]
A group of Taiwanese puppeteers are looking to use non-fungible tokens, or NFTs, to help bring their traditional art form into the modern era and keep it relevant for a new audience. NFTs are crypto assets representing a digital item such as an image, video, or even land in virtual worlds, with prices of some […]