Due to a mismatch between short-term business travel ambitions and the airline industry’s 2050 net zero target, certain airlines face failure if they do not decrease carbon emissions faster in the next three to five years, according to an industry… Read More ›
Ahead of its initial public offering, Volvo Cars’ Chinese owner Zhejiang Geely is making some major concessions so as to wet investor appetite. Chinese owned Volvo Cars has slashed the amount it aims to raise from its massive equity offering by… Read More ›
According to sources familiar with the matter hand, Fiat Chrysler Automobiles (FCA) is close to an agreement to plead guilty to criminal conduct so as to resolve a multiyear emissions fraud probe revolving around its Ram pickup trucks and Jeep… Read More ›
According to regulatory filings late on Tuesday, former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another run for the presidency or is convicted… Read More ›
In a statement the U.S. Homeland Security Secretary Alejandro Mayorkas stated, the United States is considering adding four countries to its visa waiver program allowing them to visit the country without a visa for up to 90 days. “We have… Read More ›
World business leaders want the upcoming United Nations climate summit to address difficulties that have hampered the use of carbon pricing to reduce global emissions, with the goal of enhancing the role of businesses in slowing global warming. After negotiators… Read More ›
When McDonald’s Corp, Starbucks Corp, and Yum Brands Inc announce their capital expenditures in their earnings reports this week, investors want to get a sense of the impact of the global supply-chain snarl on the development and expansion plans of… Read More ›
On Tuesday, Novartis raised the prospect of divesting its generic drugs unit Sandoz while revising upwards its revenue estimate for its two best-selling pharmaceuticals. “Novartis has commenced a strategic review of the Sandoz Division. The review will explore all options, ranging… Read More ›
According to a report from Bloomberg, Orix Corp, a Japanese financial services group, is likely to divest its software business Yayoi Co for more than $1.75 billion (200 billion yen). Blackstone Inc and Bain Capital are among its bidders, said… Read More ›
Parts of northern China are facing heightened COVID-19 curbs following a broader outbreak of COVID-19. Three new areas are being locked down with schools halting physical classes and an aerospace company delaying work on a rocket project. According to data… Read More ›
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