Tesla investor Streur says carmaker still believes in ESG

Tesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a "scam" last week but one sustainable investing pioneer thinks the electric carmaker still believes in the cause.

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23-05-2022

Bostic: Baseline is to pause rate hikes in September to assess impact

After approving two more half-point rate increases at coming June and July meetings it "might make sense" for the Federal Reserve to pause further hikes as it assesses the impact on inflation and the economy, Atlanta Fed President Raphael Bostic said on Monday.

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23-05-2022

Indonesia has no plan to reduce palm oil in biodiesel mix - minister

Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday.

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23-05-2022

Barclays finds 'material weakness' in internal controls after issuance blunder

Barclays said on Monday it had identified a single "material weakness" in its internal control processes, as it refiled its accounts with U.S. regulators after a blunder led it to issue more structured notes than it was allowed.

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23-05-2022

Barclays refiles accounts after blunder, will launch buyback

Barclays said on Monday it had refiled its accounts with U.S. regulators after a blunder led to it overselling structured products, and that it planned to launch a delayed share buyback this week.

newspaper

23-05-2022

Four EU countries call for use of Russian assets to rebuild Ukraine

BRUSSELS (Reuters) -Lithuania, Slovakia, Latvia and Estonia will call on Tuesday for the confiscation of Russian assets frozen by the European Union to fund the rebuilding of Ukraine after Russia's invasion, a joint letter written by the four showed on Monday.

newspaper

23-05-2022

Economic outlook has 'darkened', business and government leaders warn in Davos

DAVOS, Switzerland (Reuters) -Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.

newspaper

23-05-2022

U.S. Republicans join Democrats in backing NATO expansion despite rising nationalism

Democratic and Republican U.S. Senate leaders introduced a resolution on Monday backing Sweden and Finland's bids to join NATO, underscoring support for expanding the alliance despite growing nationalism in the Republican party.

newspaper

23-05-2022

EU must do more to guard its funds against fraudsters, auditors say

The European Commission and EU governments are not doing enough to prevent the misuse of the bloc's money, auditors said on Monday, warning that fraudulent or corrupt businesspeople may receive funds because too few of them are blacklisted.

newspaper

23-05-2022