Barclays CEO Calls Cutting Emissions ‘Defining’ Issue for Banks
Barclays Plc Chief Executive Officer C.S. Venkatakrishnan said the shift to a low-carbon economy is one of today’s “defining issues.”
Bloomberg Business
Air Taxis Will Start Commercial Flights in 2025, Honeywell Predicts
Honeywell International Inc. sees the first electric aircraft that take off like helicopters and fly like airplanes beginning commercial flights in 2025, but no air taxi boom until closer to the end of the decade.
Apple Starts to Roll Out ‘Pay Later’ Service After Delay
Apple Inc. began rolling out its first “buy now, pay later”-style service after a lengthy delay, entering a field currently dominated by Affirm Holdings Inc., Klarna Bank AB and others.
JPMorgan CEO Jamie Dimon to Be Deposed in Epstein Lawsuits
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon will be deposed over his bank’s ties to Jeffrey Epstein, according to people familiar with the matter.
US, Japan Strike Deal on Supply of Minerals for EV Batteries
The US agreed to boost cooperation with Japan on critical mineral supply chains and to expand access to tax breaks as President Joe Biden aims to counter China’s dominance of the electric vehicle battery sector.
Biden Says He Intends to Expose Those Blocking New Gun Laws
President Joe Biden said he would put the spotlight on those blocking the passage of new gun laws, as he expressed frustration with the lack of legislative progress on the issue, a day after a mass shooting at a grade school in Nashville, Tennessee.
US Risks Another Baby Formula Shortage Without Fixes, Ex-FDA Official Says
The US is unlikely to be able prevent another baby formula shortage like the one last year that left parents across the country searching desperately for supplies, a former Food and Drug Administration official told House lawmakers.
Crescent Point’s $1.3 Billion Shale Deal Speeds Alberta Push
Crescent Point Energy Corp. is accelerating its shift into Alberta’s shale plays with a C$1.7 billion ($1.3 billion) acquisition of Spartan Delta Corp.’s assets in the prolific Montney formation.
Trudeau Ramps Up Spending in Race to Keep Up With US Subsidies
Prime Minister Justin Trudeau’s government is pumping billions of dollars into clean energy subsidies and health care, despite a gloomy forecast of slow economic growth and weaker tax revenue.
Foreign Startups Fearful of Returning to Post-Covid Zero China
China wants the world to know its economy is open for business again, but foreign startups and smaller companies have a growing list of reasons the giant consumer market is losing its allure.
