A group of climate activists has called on 30 insurance company CEOs to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N. scientists, a letter, seen by Reuters, showed. Insure our Future, a global consortium of activists, said it sent the letter dated March 21 to companies […]
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Australian Treasurer Jim Chalmers will convene a meeting of the country’s top financial regulators to check how the latest volatility in global financial markets could affect the country, an official in the treasurer’s office said on Tuesday. Australia’s Council of Financial Regulators (CFR) will meet on Thursday after Chalmers discussed the latest market turmoil in […]
The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce the carbon footprint of its transport sector. “The agreement will send a clear signal to citizens and other stakeholders that user-friendly recharging infrastructure and refuelling […]
Energy ministers from eleven European Union countries, led by Austria, on Tuesday formed an alliance to push back attempts by France and others to count nuclear energy towards the bloc’s renewable energy goals. Calling themselves the ‘Friends of Renewable Energy’, the governments aim to fend off attempts by a rival alliance – led by France, […]
Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris climate accord, the International Renewable Energy Agency (IRENA) said on Tuesday. Investments in renewable energy technologies reached a record of $1.3 trillion last year but that figure must rise to around $5 trillion annually […]
About 17% of all fuel stations in France were missing at least one product as of Monday night, France’s petroleum association UFIP said, citing French energy ministry data. About 29% of fuel stations in the Ile-de-France region, where capital city Paris is located, were missing at least one product, the data showed. Two regions in […]
China’s cyberspace regulator vowed on Tuesday to clamp down on malicious online comments that damage the reputation of businesses and entrepreneurs, amid an official drive to shore up the private sector and spur economic growth. “False information against enterprises and entrepreneurs, especially private enterprises and private entrepreneurs, appear from time to time, damaging the brand […]
The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion […]
Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo. Employees of the social media giant, who get a rating of “met most expectations” in their 2023 year-end reviews, will receive a smaller percentage […]
The most extraordinary outcome of the March banking shock would be if the problem dissipated quickly. Many people hope the crisis of confidence infecting global banking this month can be repelled almost as quickly as it appeared. After all, regulators and policymakers are faster and more comprehensive in their response since the Lehman Brothers bust […]