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...As an attempt to fill the void created by the absence of an official standard-setter on corporate climate change plans, the SBTi began as a collaboration between non-profit groups including the Carbon Disclosure...
...But this is set to expire in April and the CMA plans to make a recommendation to the government on whether or not it should be renewed....
...The separation plan comes as global companies step up efforts to decouple their China data after Beijing put into effect an expanded anti-espionage law in July that covers the international sharing of information...
...The split ended profit sharing agreements between the two businesses....
...Netflix’s operating income surged 54 per cent in the first quarter as it added 9.3mn subscribers worldwide, proving that its crackdown on password sharing has had more lasting benefits than some investors...
...“Each incremental member has a different business impact” with the new subscription plans, Greg Peters, co-chief executive, said in a call with investors....
...But the restoration of power-sharing and Donaldson’s leadership face at least two known threats....
...EVs are more expensive to make, with roughly 40 per cent of their cost made up by the battery, and most traditional carmakers still make the majority of their profits from cars with the older technology....
...Uber has reported its first annual operating profit, marking an “inflection point” in the tumultuous history of the ride-sharing company and sending its shares to fresh highs....
...The CMA added that it was also concerned about potential disruption to network sharing arrangements. Currently, BT and Three have one and Vodafone and Virgin Media O2 have another....
...Some private equity managers have taken steps to ensure that employees at companies they own can share in the profits, if the firm performs well....
...The Biden administration, whose treasury secretary Janet Yellen was a vocal proponent, has not been able to get the plan through Congress. Many Republicans are staunchly opposed....
...Take a look at the difference between Uber’s operating profit of $1.1bn and net income of $1.9bn and it is also clear that something beyond rides and food delivery is helping push up profits....
...The Estonian politician, who does not plan to run in this June’s EU elections , said that the next energy commissioner had two challenges waiting in the in-tray....
...Uber revealed its plans to repurchase up to $7bn shares as part of a closely watched investor update that also outlined important details about its growth strategy and financial goals over the next three...
...Its total investment is now planned to top $65bn, up from an earlier plan of $40bn....
...Fast fashion, big profits Online fast-fashion group Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with a blockbuster listing in New York or London....
...Zara owner Inditex, the world’s largest fashion retailer, reported a strong start to the first quarter after managing to lift profits and prices in 2023....
...New York-based developer Witkoff announced on Wednesday plans for the first new club in the Palm Beach area in 25 years, with joining fees topping out at $350,000....
...“This gives countries an option in how they want to exit debt crises,” said Eric LeCompte, the head of Jubilee USA, a non-profit that campaigns for debt relief for poor countries....
...The additions come after former chief operating officer Sheryl Sandberg announced plans to depart the social media group’s board in May....
...UK chair Hywel Ball said the fall in average profit per partner from £803,000 to £761,000 was primarily because of an increase of about 10 per cent in the number of equity partners sharing the profits....
...More tech news: OpenAI has hit back at Elon Musk, releasing emails to show that he supported its plan to create a for-profit entity and raise billions of dollars....
...A dual-class shareholder structure gives Art Share 002’s three-person board powers to keep the stock listed on Artex exclusively, and to veto “any joint venture, partnership, profit sharing agreement, consolidation...
...Partner pay stayed flat year on year, at £1.06mn, because of a rise in the number of partners sharing in profits at the firm, Deloitte said. Partner numbers rose from 672 to 714....
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