Analysis: Corporate business travel ‘carbon budgets’ loom for airlines
As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say.
Tunisia leader picks first woman as PM at moment of crisis
TUNIS, Sept 29 (Reuters) – Tunisian President Kais Saied named Najla Bouden Romdhane, a little-known university engineer with World Bank experience, as prime minister on Wednesday nearly two months after he seized most powers in a move his foes call a coup. Romdhane, Tunisia’s first woman prime minister, will take office at a moment of […]
Myanmar currency drops 60% in weeks as economy tanks since February coup
Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s dive […]
Brand-new Positive Facilities (“Ejabiah”) awards core banking system contract to Islamic software powerhouse Path Solutions
September 22, 2021 – The newly established financing company in Saudi Arabia, Positive Facilities Co. Ltd.(“Ejabiah”), has signed an agreement on the 26th of August with Path Solutions for the implementation of its interest-free core banking platform. Ejabiah will be offering a unique and much needed zero-percent interest financing product, which is similar to Qard Hassan or benevolent […]
Sweden’s Vattenfall raises emission targets, eyes 2040 net zero goal
Swedish energy company Vattenfall (VATN.UL) said on Monday it increased its emission reduction goals for 2030 and brought forward its net zero target by 10 years to 2040, by phasing out coal and increasing wind and solar capacity.
EXCLUSIVE Investors call for governments to toughen climate accounting -letter
Investors managing more than $2.5 trillion have called on governments to compel companies and auditors to file financial accounts aligned with the world’s net zero emissions target, a letter seen by Reuters showed.
Santander in talks with over 200 Portugal staff hit by job cuts – source
Spain’s Santander (SAN.MC) is in negotiations with about 210 employees in Portugal as part of a wider cost-cutting plan that affects 11% of its workforce there, a source with knowledge of the matter said.
Oil giant Shell sets sights on sustainable aviation fuel take-off
Royal Dutch Shell (RDSa.L) plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world’s airlines to reduce greenhouse gas emissions.
Exclusive: U.S. opens probe into 30 million vehicles over air bag inflators
U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed.
Marketmind: Watch those spiralling gas prices
A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own rate rises remain distant. Others such as Switzerland and Japan are likely to stay resolutely dovish.
