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Top StoriesAnalysis-Oil Majors Face Output Slump, Deep Losses if Russia Stops Kazakh Pipeline
Top StoriesGenoa Bridge Trial Opens 4 Years After Disaster, Set to Last Months
Top StoriesFrance Launches Hunt for New Edf Ceo, Sets Money Aside for Full Nationalisation
Top StoriesElon Musk Had Twins Last Year With One of His Top Executives, Insider Says
Cricket-Edgbaston to Deploy Undercover Spotters After Racism Claims During India Test
Date: July 7, 2022
(Reuters) -Warwickshire will deploy undercover spotters for the second Twenty20 between England and India at Edgbaston after allegations of racist behaviour among members of the crowd during the fifth test this week, the county said on Thursday. A number of supporters said on Twitter they had been targeted by racist abuse from other fans at...
Explainer-Why a French Plan to Take Full Control of Edf Is No Cure-All
Date: July 7, 2022
By Silvia Aloisi and Forrest Crellin PARIS (Reuters) – The French state has said it will fully nationalise EDF, the debt-laden utility that runs the nation’s nuclear power plants and which the government has so far struggled to restructure. It has not said whether it will buy out minority shareholders on the market or take...
HSBC’s Head of Responsible Investing Quits After Climate Speech Controversy
Date: July 7, 2022
LONDON (Reuters) -Stuart Kirk, the global head of responsible investing at HSBC Asset Management, has resigned from his role, according to a post attributed to him on professional networking site LinkedIn on Thursday. Kirk was suspended by HSBC in May after he said central bank policymakers and other global authorities had exaggerated the financial risks...
Why ESG Is a Business Investment
Date: July 7, 2022
By Emmeline De Chazal, ESG specialist at e-learning compliance training firm, Skillcast. ESG has become a catch-all phrase describing a firm’s moral considerations. Demonstrating high standards of ethical conduct in business and a commitment to sustainability and social justice is a trend that is on the up. However, there is more to the ESG buzz...
France Plans Full Nationalisation of Power Utility Edf
Date: July 6, 2022
By Michel Rose and Tassilo Hummel PARIS (Reuters) -France will fully nationalise EDF, Prime Minister Elisabeth Borne said on Wednesday, in a move that would give the government more control over a restructuring of the debt-laden group while contending with a European energy crisis. EDF, in which the state already owns 84%, is one of...
Forward Curve Sets Contract Highs Over Gas Questions
Date: July 6, 2022
PARIS (Reuters) -European forward curve power prices reached contract highs on Wednesday as the German labour union Verdi called for Berlin to step in quickly to rescue utility Uniper, and Germany said there are no plans to pass on higher energy costs to consumers. In France, the government is aiming for a full nationalisation of...