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Climate change
Climate targets group under fire over Bezos-backed carbon offsets decision
...“This decision [on offsets] looks like an illegitimate takeover,” with “no scientific basis and no backing from SBTi’s own technical council and standards development team”, said Thomas Day of the NewClimate...
April 11, 2024
Chinese business & finance
China seeks to ease video game industry’s fears of another crackdown
...Tencent and NetEase shares are still 6 per cent and 8 per cent lower, respectively, from where they were immediately before last month’s announcement....
January 8, 2024
FT Live
Investing in America
Foreign companies as drivers of US growth, resilience and competitiveness
Tuesday, 10 DecemberHybrid Conference
Tesla Inc
Elon Musk fires Tesla’s entire supercharger team
...Tesla shares, which fell 5.5 per cent on Tuesday, were down another 2.6 per cent in pre-market trading at $178.53 on Wednesday. Tesla did not respond to a request for comment....
April 30, 2024
News in-depthBBVA
BBVA’s Carlos Torres, the banker going hostile on TSB owner Sabadell
...“There’s no concern among investors about exposure to Mexico....
May 10, 2024
InterviewLunch with the FT
Investor Nelson Peltz: ‘I’m not trying to fire Bob Iger, I want to help him’
...“Disney is stupid because I’m not trying to fire [chief executive] Bob Iger, I want to help him,” he says, unsolicited. “We don’t fire CEOs.”...
March 22, 2024
LexTikTok Inc
TikTok ban will accelerate the ‘splinternet’ Premium content
...In reality, there will be no offers of this scale. Unlike Meta, TikTok is reported to be lossmaking. It is spending heavily to build its ecommerce business....
May 3, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Tesla Inc
Tesla evacuates German plant after suspected arson attack triggers power cuts
...The US company told the Financial Times there had been “no attack on or fire at the factory”, which is situated in the Brandenburg region south-east of Berlin and produces 6,000 cars a week....
March 5, 2024
Thames Water
Thames Water’s parent company defaults on debt
...Kemble has appointed restructuring adviser Alvarez & Marsal to aid its discussions with creditors and said it had begun approaching lenders “to request that they take no creditor action so as to provide...
April 5, 2024
Airlines
US airlines under fire for raising baggage fees again
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
March 10, 2024
Donald Trump
Donald Trump claims he may need ‘fire sale’ to pay $464mn fraud judgment
..., to no avail....
March 19, 2024
Houthi movement
Fuel tanker’s crew extinguish fire after hours of struggle
...The Copenhagen-based company’s other vessels have been travelling via the Cape of Good Hope since December....
January 27, 2024
UK local government finance
English councils ‘forced to the pawnshop’ in fire sale of assets
...6....
February 28, 2024
Signa Holding
Signa’s administrator seeks €350mn to avert fire sale of assets
...Without the money, the two businesses will have no option but to try to sell their assets in an already troubled commercial property market....
January 5, 2024
Vivienne Ming
We don’t need an AI manifesto — we need a constitution
...Beyond hiring, some employers are toying with systems to automatically fire low-productivity workers. But why fire people if you can “help” them choose to leave?...
May 9, 2024
Getlink
Eurotunnel operator offers to subsidise new cross-Channel rail services
...Among the biggest challenges to any new entrant is the cost of ordering modified trains to comply with the tunnel’s stringent safety rules, including increased fire resistance....
May 6, 2024
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
ReviewMusic
English National Opera’s Barber of Seville is a sure-fire evening’s entertainment — review
...The concert ended with Shostakovich’s Symphony No 5, weighty, serious but lacking in punch and excitement. ★★★☆☆ barbican.org.uk...
February 13, 2024
Disrupted Times
Global tax deal in jeopardy
...The funding crisis in England’s local authorities is “forcing them to the pawnshop” in a fire sale of assets....
February 28, 2024
Corporate bonds
Companies rush to bond market in record $150bn debt splurge
...US corporate bond markets are “on fire” as companies have sold a record $150bn of debt since the start of this month, the busiest opening to the year for more than three decades....
January 21, 2024
Alstom SA
Train maker Alstom plans €1bn rights issue to trim debt
...showing some signs of the implementation of the plan — one was disposals, the other was the ability to achieve our cash target,” chief executive Henri Poupart-Lafarge said of Alstom’s decision to hold fire...
May 8, 2024
Signa Holding
Signa fires Benko ally for suspected ‘gross violations’ of duties
...“The suspicion was clear and left the supervisory board no other choice. Especially in challenging times, 100 per cent trust in the people involved and unity in decisions is required.”...
December 11, 2023
Climate change
Shell under fire from Europe’s largest asset manager over climate policy
...“It would have no impact on mitigating climate change, have negative consequences for our customers, and was against the interests of the company and our shareholders,” it said....
January 15, 2024
LexJohn Wood Group PLC
Wood shows some companies may be better off private
...The departure of Wood would no doubt add to hang-wringing over the state of London’s market. Yet this is a prime example of when take-private deals of struggling companies may be no bad thing....
May 9, 2024
ExplainerWar in Ukraine
Tracking Ukraine’s counteroffensive against Russia in maps
...Ukraine’s counteroffensive progress With slow progress on its counteroffensive and Russia showing no sign of quitting, Ukraine faces a protracted war that will require long-term support from allies — who...
May 11, 2024
War in Ukraine
Russian operator blames ‘external action’ for fire at Baltic gas terminal
...The Leningrad region governor said there were no casualties as a result of the Ust-Luga fire and all workers had been evacuated....
January 21, 2024
Argentine politics
Argentine President Javier Milei hit by scandal over own pay rise
...Though an improvement from January’s 20.6 per cent, this would still be among the highest monthly rates in the world....
March 11, 2024

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