Russia considers supplying 1 million vaccine shots to Armenia – RIA
Russia’s Foreign Minister Sergei Lavrov said on Thursday that Russia was considering supplying 1 million shots of the Sputnik V coronavirus vaccine to Armenia, the RIA new agency reported. Russia had already sent 15,000 doses of the vaccine to the former Soviet republic last month, Lavrov was quoted as saying at a meeting with his […]
China condemns G7 statement censuring Beijing, supporting Taiwan
China condemned on Thursday a joint statement by G7 foreign ministers that expressed support for Chinese-claimed Taiwan and cast Beijing as a bully, saying it was a gross interference in China’s internal affairs. G7 foreign ministers said in a communique after a London summit that China was guilty of human rights abuses and of using its […]
Top U.S. fund leader wants voluntary climate disclosure rules
A top fund industry leader on Thursday urged U.S. regulators to adopt only voluntary climate-related disclosure standards for public companies rather than the stricter rules sought by some activists and investment firms. Eric Pan, CEO of the Investment Company Institute, which represents asset managers and other big U.S. investors, said the softer approach would give […]
Twitter shuts down accounts for attempting to evade Trump ban
Twitter Inc (TWTR.N) suspended several accounts this week that were set up to share statements from a new part of former U.S. President Donald Trump’s website, saying they broke its rules against evading an account ban. Trump was banned from Twitter, where he had more than 88 million followers, and multiple other social media platforms following the […]
Meme-based cryptocurrency Dogecoin soars 40% to all-time high
Meme-based virtual currency Dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth-biggest digital coin. Dogecoin, launched as a satirical critique of 2013’s cryptocurrency frenzy, has climbed 41% in the last 24 hours to a record $0.68, according to CoinMarketCap. This year alone it has soared over 14,000%, from […]
ARK Innovation’s performance under pressure as tech stocks swoon
A rotation out of growth and technology stocks and a recent slide in shares of Tesla Inc (TSLA.O) are weighing on the performance of ARK Innovation (ARKK.P), the flagship exchange-traded fund managed by star stock picker Cathie Wood that bested all other U.S. equity funds in 2020. The $23.1 billion fund posted a gain of less than 1% […]
Column: German Greens shifting market calculus
Five months is a long time in German politics but a mould-breaking surge in support for the Green party ahead of September’s Federal election has markets crunching numbers to assess its likely role in the next ruling coalition. Record high German stock prices, soaring EU carbon permit prices and less negative German debt yields all […]
Rethinking work-from-home after COVID-19
The Covid-19 pandemic has been less catastrophic for office workers than for those in manual and customer-facing occupations
‘It’s my home’: the island activist who forced German climate action
If the North Sea island of Pellworm vanishes beneath the waves it will take with it the 300-year-old family farm of Sophie Backsen, 22, who last week won a court judgment forcing Germany to take swifter action to combat climate change. Backsen was one of a group of plaintiffs who challenged Germany’s 2019 climate law, […]
Siemens Energy cuts sales outlook on heels of Siemens Gamesa
Siemens Energy (ENR1n.DE), which supplies turbines to the power sector, on Wednesday lowered the upper end of its target range for 2021 sales, hurt by weaker-than-expected demand, project delays and the ongoing coronavirus crisis. Revenues are now expected to grow 3-8% in the year to September, compared with a previous range of 2-12%. According to Refinitiv […]
