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...The Chinese and Russian objections came after the US in December said it would extend its jurisdiction over a resource-rich seabed area that makes up its continental shelf....
...At stake is the company’s market capitalisation which was $4.6bn on Tuesday, a 23 times multiple of forecast sales that has made it one of the world’s most highly valued software groups, more expensive on...
...Last month, the group wrote to the European Commission calling for emergency support from Brussels....
...Since 2016, Lavine and Connaughton, 58, have been co-managing partners of the group, overseeing its day-to-day operations....
...The student group Cambridge Climate Justice said the proposal, which was accepted on Friday, marked the first time a university in the UK had decided to halt research partnerships with the fossil fuel industry...
...Tech and real estate stocks were the worst performers on the day. The Nasdaq Composite dropped 0.5 per cent, with Amazon and Alphabet the only risers in the Magnificent Seven....
...Only about 15 per cent of the country’s water resources have been developed. Almost all farmers depend on rain, as they are not able to store rainwater or pump water from rivers....
...BUY: Pan African Resources (PAF) South African gold miner has reported a 46 per cent uptick in interim earnings, writes Alex Hamer....
...The share prices of groups such as London-listed Greencoat UK Wind and Octopus Renewables Infrastructure Trust trade at sizeable discounts to their net asset values....
...But the frankest account of why a women’s membership group was needed in the ETF industry — and why it helps to have men in the room — comes from Ross, an industry veteran who was behind the SPDR launch....
...At the start of last week, the head of the world’s largest oil company, Saudi Aramco, was applauded when he told the CERAWeek energy conference in Houston it was time to “abandon the fantasy of phasing out...
...The National Cement Company of California, owned by French materials group Vicat, won up to $500mn for a proposal to become “carbon neutral”, including by using carbon capture and replacing some fossil fuels...
...China’s state-owned giants, China National Nuclear Corporation and China General Nuclear Power Group, are also expanding rapidly....
...In a sector under pressure, the question is how International Paper justifies its higher offer. The group has a European operation but its smaller size suggests more limited opportunity for savings....
...Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...Jonathan Price, chief executive of Teck Resources, one of Canada’s largest mining groups, said government and local opposition to mines for copper, lithium and iron ore will grow unless the industry improves...
...Earlier this month the company announced a new chief executive, Andrew Silvernail, would join the group in May from an advisory role at private equity group KKR....
...Volatility in commodity markets due to geopolitical tensions, war and the energy transition have supercharged profits for traders, increasing the financial resources available to attract talent....
...Diamond Sports Group, a consortium of a few dozen regional sports networks scattered across the US, was valued at $11bn as recently as 2019....
...the whim of an inept human resources department (at best), or a villainous one (at worst)....
...Since the fall of the Soviet Union, SLB has built a major business in Russia, which generated about 5 per cent of the group’s $33.1bn revenues last year and employed about 9,000 staff....
...For one thing, it has the money to do so. Buoyant oil prices last year mean it is gushing cash — $77bn of it in 2022. Investing in new fossil resources is unpopular in a carbon-constrained world....
...The group’s investigation did not find any evidence of “bribery, or of any payments to sanctioned persons or to terrorist groups”, it added....
...’s Teck Resources....
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