sustainability
BusinessThyssenkrupp to Cut 11,000 Jobs at Steel Division in Major Corporate Shakeup
BankingHSBC Sustainability Chief Leaves After Executive Committee Role Dropped
BusinessTotalEnergies Pauses Business With Adani, Says It Was Not Aware of US Investigation
Top StoriesDivisions on Curbing Plastic Waste Persist as UN Treaty Talks Begin
Northvolt Crisis May Be Make or Break for Europe’s Ev Battery Ambitions
Date: November 25, 2024
By Marie Mannes, Alessandro Parodi, Stine Jacobsen STOCKHOLM/GDANSK (Reuters) -Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals. Europe’s biggest hope for...
Explainer-COP29 – How Does $300 Billion Stack Up?
Date: November 25, 2024
By Karin Strohecker and Simon Jessop BAKU (Reuters) – Countries agreed at the U.N.’s COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth: MILITARY MIGHT In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the...
Germany Pushes 17-billion-euro Gas Power Plan Despite Election Uncertainty
Date: November 22, 2024
By Markus Wacket and Riham Alkousaa BERLIN (Reuters) – Germany’s economy minister pushed ahead on Friday with legislation to provide billions of euros to build gas power plants, according to government sources, but the chances of the plan receiving parliamentary approval were slim. Robert Habeck’s position as head of the economy and energy ministry has...
Is Shared Banking the Next Wave of Banking Evolution?
Date: November 22, 2024
Matt Phillips, Head of Banking – UK and Ireland, Diebold Nixdorf The how, where and why of financial services provision continues to evolve across every economy and every country globally. As a consumer 10 years ago, you would have been unlikely to imagine how much the face of banking has changed in recent years. These...
COP29 Climate Summit Draft Proposes Rich Countries Pay $250 Billion per Year
Date: November 22, 2024
By Valerie Volcovici, Gloria Dickie BAKU (Reuters) -The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations – a proposal that drew criticism from all sides. World governments represented at the summit in...
Bp and Partners to Invest $7 Billion in Carbon Capture Project in Indonesia’s Papua
Date: November 22, 2024
JAKARTA (Reuters) – BP and partners said they would invest $7 billion in a carbon capture project and gas field development in Indonesia’s easternmost Papua region that could unlock 3 trillion cubic feet of additional gas resources. The British oil and gas producer announced the investment on Thursday in a meeting with President Prabowo Subianto...