Analysis: Pandemic debt adds to challenge of funding world’s climate goals
Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen since World War Two to bolster household incomes and give businesses a fighting chance to survive the health crisis.
Dollar stands tall after firm U.S. data, Asian stocks wobble
The dollar reached a four-and-a-half-year high against the yen on Wednesday after better-than-expected U.S. retail data, which also boosted Wall Street equities, although Asian shares failed to follow suit.
KKR, Global Infrastructure Partners to take CyrusOne private for $11.5 bln
KKR & Co Inc (KKR.N) and Global Infrastructure Partners (GIP) will take U.S. data center operator CyrusOne Inc (CONE.O) private for $11.49 billion in cash, the latest deal in a sector that has boomed during the COVID-19 pandemic.
COVID-19’s epicentre again: Europe faces fresh reckoning
Europe has become the epicentre of the pandemic again, prompting some governments to consider re-imposing unpopular lockdowns in the run-up to Christmas and stirring debate over whether vaccines alone are enough to tame COVID-19.
Global luxury sales set to outpace pre-COVID levels this year, Bain says
The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, particularly on high end shoes, leather goods and jewellery, consultancy Bain said on Thursday.
Risky business: Climate change turns up the heat on insurers, policyholders
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.
Under-fire Telecom Italia CEO faces board showdown
Telecom Italia (TIM) (TLIT.MI) CEO Luigi Gubitosi faces the board on Thursday at a meeting sought by top investor Vivendi (VIV.PA) following two profit warnings in three months at Italy’s former phone monopoly.
U.S. airlines and Amazon join push to reduce aircraft emissions
Major U.S. airlines and Amazon.com’s (AMZN.O) aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.
EXCLUSIVE HSBC exceeds China wealth hiring targets, explores India private banking re-entry
HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth.
Sony to invest $500 mln in TSMC’s new Japan chip plant venture
Sony Group (6758.T) on Tuesday said it will invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Co’s (2330.TW) (TSMC) that will build a $7 billion chip plant in Japan.
