StanChart CEO says companies must act on climate change, can’t bank on governments
Companies should not rely on governments to reach agreement at a global summit on climate change this year, but rather take more action themselves, Standard Chartered (STAN.L) CEO Bill Winters said on Tuesday.
Oil rises as market shrugs off virus impact
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over a rise of COVID cases in Asian countries.
Reliance joins Bill Gates, others to invest $144 mln in U.S. energy storage co
Indian oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) said on Tuesday it would invest $144 million in U.S. energy storage company Ambri Inc, along with billionaire Bill Gates, investment management firm Paulson & Co and others.
WeWork rival IWG ‘cautiously optimistic’ on year after H1 losses widen
Office rental firm IWG Plc (IWG.L) said on Tuesday it was cautiously optimistic about the rest of the fiscal year despite posting a bigger half-year loss, even as a resurgence in global COVID-19 cases and renewed lockdowns in some markets threaten the pace of recovery.
Asian stocks on backfoot as concern over Delta variant saps confidence
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as persistent concerns over the spread of the Delta variant of the coronavirus dented sentiment and triggered falls in metals and oil prices.
Delivery Hero to expand in Germany after Berlin return
Delivery Hero (DHER.DE) said on Tuesday it would roll out its food and grocery delivery services in more German cities this autumn, heating up competition in the home market it quit three years ago to focus on Asia.
EXCLUSIVE McDonald’s faces Italian antitrust probe into franchise terms – document
Italy’s antitrust authority AGCM will investigate McDonald’s (MCD.N) terms and conditions in its agreements with franchise operators following several complaints, according to an AGCM document seen by Reuters.
Analysis: Virtually forever? Switch to online AGMs gains pace despite concerns
A mass corporate switch in Europe to holding virtual annual shareholder meetings or AGMs has picked up pace this year, raising concern among investors that some companies will try to ditch the physical version permanently.
Slow growth in Japan’s bank lending shows COVID-19 cash crunch easing
Japan’s bank lending rose in July at the slowest annual pace in nearly nine years, data showed on Tuesday, a sign companies were emerging steadily from a cash crunch last year caused by the coronavirus pandemic.
Stocks tread water as gold, oil declines spook sentiment
Global share prices treaded water on Monday as sharp falls in gold and oil prices and concerns over the spread of the Delta coronavirus variant dented sentiment.
