Quarterly sale figures of McDonald’s Corp in the United States beat projections of the Wall Street, thanks to higher prices, larger order quantities, and additional menu items like the crispy chicken burger, the global fast food chain announced Wednesday. In… Read More ›
Regulations & Legal
China’s Top Hot Pot Firm Loses $4 Billion In Three Days Due To Covid-19 Spike
The Chinese government’s escalating restrictions imposed to contain a rise in Covid-19 cases is having an impact on local businesses as a leading Chinese hot pot chain’s market value dwindled by $4 billion in a span of just three days…. Read More ›
Industry Report Claims Failure Of Risks Faced By Some Airlines If They Fail To Reduce Emission Fast
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 ›
Business Leaders Seeking Deal On Carbon Pricing Look Towards The UN
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 ›
Impending Earnings Report By Restaurant Chains To Have In Focus Global Supply Chain Logjams And Costs
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 ›
2021 Greenhouse Gas Emission At Record Levels, Shows A UN Report
The world is “far off track” in limiting increasing temperatures, according to the United Nations, which warned on Monday as it attempted to provide a stark reminder top world leaders of the challenges facing UN climate negotiations in Scotland. Despite… Read More ›
The Largest Climate Exchange-Traded Fund Range Created By BlackRock
After consenting to stiffer regulations for governing its six existing funds that have a combined $9 billion in assets, the global asset manager BlackRock announced on Tuesday that it has formed the largest variety of climate-aligned exchange-traded equity funds (EFT)…. Read More ›
Northern China braces for more COVID-19 cases, stringent lockdown imposed
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 ›
Egypt’s hotel running at 100% capacity: Ministry of Tourism
In a statement, an official from Egypt’s Ministry of Tourism said, Cairo has officially allowed hotels to run at full capacity while observing strict protocols against the Wuhan Coronavirus. Egypt’s Assistant Minister Abdel Fattah al-Asi said, the decision to allow… Read More ›
Jerusalem, Abu Dhabi sign green corridor agreement for vaccinated travelers
In a tweet, the Israeli consulate in Dubai said, Jerusalem and Abu Dhabi have signed a “green corridor” agreement which allows travelers vaccinated against the Wuhan Coronavirus to travel freely between the two countries.