On Thursday, an industry body stated, asset managers lending out of their securities is compliant and compatible with principles government investment on environmental, social and governance (ESG). It is now in the process of drawing up guidelines. A survey by… Read More ›
Month: May 2020
US Could Permanently Halt WHO Funding And Review Membership, Threatens Trump
If the World Health Organization (WHO) did not commit to improvements within 30 days, all funding of the world body by the United States will be halted permanently, warned US President Donald Trump on Monday. Trump also threatened that he… Read More ›
Virus Pandemic Widens Gap In Focus Of Oil Majors In The Europe And The US Towards Clean Energy
A review conducted by Reuters on companies in the oil and gas sector has revealed that Europe’s top oil and gas companies believe that the novel coronavirus induced global health crisis will have a long-term drop in fossil fuel demand… Read More ›
Australia sees employment levels increase, wages start to recover
On Tuesday, data from Australia’s Bureau of Statistics (ABS) showed, job losses stemming from the Wuhan coronavirus in the country have started to slow down in the last couple of weeks while wages, supported by the government support program, continued… Read More ›
Starbucks reopens many stores in Japan
On Tuesday, in a statement Starbucks Coffee Japan said, it is reopening many of its stores in Japan, including those located in Tokyo. Many stores however will be limited to take-out and drive-through services. Starbucks has nearly 1,550 stores in… Read More ›
Nasdaq to heighten IPO listing transparency, place minimum value on size of IPO
According to sources familiar with the matter at hand, Nasdaq Inc is set to unveil stricter regulations on initial public offerings (IPOs). The move is aimed at bringing increased transparency, especially for some Chinese companies, who want to debut on… Read More ›
Coronavirus on a killing spree in remote Amazonian villages
With the Wuhan coronavirus increasing its footprint among the indigenous people in Brazil, including those residing in the Amazonian rainforest, doctors are now evacuating patients who are severely affected by the COVID-19 disease by plane. “The number of COVID-19 patients… Read More ›
ISS appoints Danske Bank’s Jacob Aarup-Andersen as CEO
On Monday, Danish services provider ISS announced, it has hired Danske Bank’s Jacob Aarup-Andersen, as its new chief executive officer, who will assume office from September 1. Aarup-Andersen, 42, who currently heads Danske’s Danish banking unit will replace incumbent CEO… Read More ›
SoftBank to sell potion of its stake in T-Mobile U.S. to controlling shareholder Deutsche Telekom AG
On Monday, a report from the Wall Street Journal citing anonymous sources stated SoftBank Group Corp is in talks to sell “a significant portion” of its stake in T-Mobile US to controlling shareholder Deutsche Telekom AG. “A deal would see… Read More ›
Jack Ma resigns from SoftBank’s board
On Monday, SoftBank Group Corp stated, Alibaba co-founder Jack Ma will resign from its board. Jack Ma’s departure is the latest high profile departure from Softbank’s board. Ma, who retired as Alibaba’s executive chairman in September 2019, is increasingly pulling… Read More ›