New York City Mayor Eric Adams plans to direct a cumulative $60 billion of contractual work to minority- and women-owned businesses, known as MWBEs, by 2030; an ambitious goal requiring the city to more than double its annual rate of contracts to these underrepresented communities.
WE Soda, the world’s largest producer of natural soda ash, confirmed its intention to seek a listing on the London Stock Exchange, marking what’s likely to be the City’s largest listing of the year.
Brazil’s annual inflation slowed much more than expected in May, hitting the lowest level in two and a half years and piling pressure on the central bank to ease monetary policy in coming months.
The Argentine executive, who’s been with the German car maker for nearly a decade in various leadership roles, wants to improve the employee experience at Volkswagen for both white-collar and frontline workers.
Will Hild’s Consumers’ Research is targeting Bank of America in its latest push against sustainable investing.
Trafigura Group paid $3 billion to its top traders and executives as the commodity trading giant notched up a fresh record profit in the six months to March.
Italy is preparing restrictions on Pirelli SpA’s top shareholder, China’s Sinochem, including limits to its say over company roles and veto powers for Italian investors.
Mike Novogratz, the founder of Galaxy Digital Holdings Ltd., said he’s not expecting a “quick closure” on the recent lawsuits brought by the US Securities and Exchange Commission against Coinbase Global Inc and Binance Holdings Ltd.
UBS Group AG said it will release its second-quarter financial results on August 31, giving the bank more than five extra weeks to combine its financial statements with those of Credit Suisse Group AG.
Swiss watchmaker Omega alleged three former employees were involved in a criminal plot that resulted in the sale of a fake Speedmaster at auction for more than $3 million.
