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...Vago added that the IMO now “actually understood” their argument for an amendment and he was “hopeful” the formula would be amended at the next meeting of the IMO’s marine environment protection committee...
...Ahead of the IMO talks France rallied 22 allies behind calls to impose a levy on shipping emissions and align the industry with the 2015 Paris Agreement’s aim to limit global warming to 1.5C above pre-industrial...
...Dominguez also expressed admiration for how the shipping industry had coped with the security crisis around the Red Sea. “Shipping continues to be resilient,” he said....
...The capture of the bulk carrier Abdullah off the Somali coast is the first such incident since December, underlining what the industry sees as a growing risk for commercial shipping....
...The tech industry has also experienced an exodus. An adviser to the economy minister said last September that 50 per cent of Iran’s tech start-ups had applied to set up abroad....
...Michael Barrass, marine risk management consultant at insurer RSA, said the IMO’s existing safety regulations were “not really built to deal with EVs” and added: “The industry is moving forward but probably...
...The airline industry is largely united in opposition to the rule....
...In an effort to encourage the sector to clean up, the IMO in January introduced the Carbon Intensity Indicator, which grades individual ships based on their emissions from A to E....
...In July, diplomats at the IMO agreed on a target for shipping to hit net zero emissions “by or around” 2050....
Backlash highlights dilemmas of publishers trying to remain profitable in disrupted industry
...It wouldn’t be tolerated in any other consumer-facing industry. . . . as long as French and German ATC don’t (expletive) it all up in March, April, May, I think all operators in Europe will be positioned...
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...It’s a good primer on the thinking within the industry as it heads to the CERAWeek conference next week. We’ll be there, so please drop me a line: amanda.chu@ft.com....
Plus, what Elon Musk’s $56bn pay reversal means for Tesla and a telecoms game of cat and mouse in Italy
...It added: “Developed countries are pushing the IMO to reach unrealistic visions and levels of ambition....
New English rules aim to tackle shortage of affordable homes but short-term letting companies have little to fear
...The lobbying push comes ahead of an IMO meeting next month to discuss new targets for cutting emissions from the shipping industry....
...Last year, the combined value of companies that the industry sold privately or on public markets fell 44 per cent on 2022 to its lowest level in a decade....
Acquisition of Vizio shows the US retailer is serious about building a rival to Amazon Prime
...For the first time, workers were able to claim labour rights that apply to most other industries, including sick leave and holidays. Similar rulings were made in Canada, Switzerland and France....
Also in today’s newsletter: Taylor Swift’s place in football, golf’s changing of the guard, and more
Warner needs sci-fi epic to repeat success of ‘Barbie’ after several flops and big declines in its TV business
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...The US’s defence and aerospace industries seem to be having an extremely Normal Week....
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