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Double-materiality is only useful when it is NOT associated with revenues
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Iberdrola hires Barclays to sell stake in Spanish renewable portfolio, Expansion says
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Unilever CEO set to leave after GSK debacle, arrival of activist investor
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GSK picks Burberry’s Brown as first female CFO
Exclusive-With eye on Big Tech, energy crisis, EU telcos call for shared network costs
Date: September 26, 2022
By Foo Yun Chee BRUSSELS (Reuters) – Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals. The call comes as the European Commission prepares to seek feedback from both sides before making...
Sterling plunges to all-time low in scathing appraisal of fiscal plan
Date: September 26, 2022
By Kevin Buckland TOKYO (Reuters) -Sterling tumbled nearly 5% to an all-time low on Monday as investors ran for the exits after the new government’s fiscal plan threatened to stretch Britain’s finances to their limits. The currency dived as much as 4.85% to an unprecedented $1.0327, extending a 3.61% dive from Friday, when finance minister...
Auto suppliers feel the green squeeze as carmakers get clean
Date: September 26, 2022
By Nick Carey, Victoria Waldersee and Giulio Piovaccari TAMWORTH, England (Reuters) – The auto industry’s drive to a greener and cleaner future is a treacherous road for companies in its beleaguered supply chain. Only the strong and the shrewd may survive. Many auto suppliers, already squeezed by rampant inflation and energy prices, say they have...
New Zealand marks Queen Elizabeth’s passing on national day of mourning
Date: September 26, 2022
SYDNEY (Reuters) – Prime Minister Jacinda Ardern led a state memorial service for Queen Elizabeth II on Monday, saying the Pacific nation has had “a deep connection” with her as New Zealand paid tribute to the late monarch. Hundreds watched the state memorial service outdoors on the screens set on the Parliament grounds in Wellington,...
Japan bans chemical weapons-related goods to Russia, concerned by nuke threats
Date: September 26, 2022
TOKYO (Reuters) – Japan has decided to ban exports of chemical weapons-related goods to Russia in an additional sanction against Moscow over its invasion of Ukraine, and is “deeply concerned” about the possible use of nuclear weapons, Chief Cabinet Secretary Hirokazu Matsuno said on Monday. Japan also added 21 Russian organisations such as science labs...
Sterling collapses as investors fly into dollars
Date: September 26, 2022
By Tom Westbrook SYDNEY (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain’s plan to borrow its way out of trouble, with spooked investors piling in to U.S. dollars. Broadening worry that high interest rates will hurt growth...