By Ron Bousso LONDON (Reuters) -Shell shareholders should vote against a resolution filed by a group of 27 investors urging the energy company to set tighter climate targets, proxy advisory Glass Lewis recommended on Thursday. Led by activist shareholder Follow This and backed by shareholders holding around 5% in Shell, the resolution faces a vote …
Shell investors should oppose climate resolution, Glass Lewis says Read More »
By Clark Mindock (Reuters) -A Washington state appeals court overturned on Wednesday a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Seattle-area school, marking the second big legal win for the company in as many weeks. Monsanto spinoff Pharmacia, which sold now-banned chemicals called polychlorinated biphenyls (PCBs), was found liable in …
Bayer’s Monsanto wins reversal of $185 million PCBs verdict in Washington court Read More »
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core business of vacation rentals, the company said on Wednesday. The San Francisco-based company’s newest category called “Icons” features 11 global experiences – including concerts and celebrity …
Airbnb launches new global marketing strategy geared around experiences Read More »
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase said its assets in Russia may be seized after lawsuits in Russian and U.S. courts, the bank said in a filing on Wednesday. The bank faces several legal challenges over its Russian dealings after the U.S. and European nations imposed economic sanctions on Russia in response to …
JPMorgan says its Russia assets may be seized after lawsuits in Russia, US Read More »
By David Shepardson WASHINGTON (Reuters) – The chair of the House Oversight Committee said on Wednesday he is investigating the Federal Trade Commission’s (FTC) work with the European Commission in the collapse of Amazon.com’s plan to acquire iRobot Corp in a $1.4 billion deal. Amazon and robot vacuum maker iRobot in January dropped their plans …
US lawmaker probes FTC work with Europe to block Amazon iRobot merger Read More »
By Julian Luk LONDON (Reuters) – London Metals Exchange(LME) on Wednesday launched a consultation requiring producers of aluminium brands deliverable against its contracts to submit carbon emissions data by March 2025. The proposal aims to align aluminium market with the requirement of Europe’s Carbon-Border Adjustment Mechanism (CBAM) which applies a carbon-related cost to certain imported …
LME plans for aluminium producers to submit carbon emission data by 2025 Read More »
LONDON (Reuters) -The European Central Bank is growing increasingly confident that euro zone inflation can drop to its 2% target by the middle of 2025 after a choppy few months between now and then, Spanish policymaker Pablo Hernandez de Cos said on Wednesday. Annual inflation held steady at 2.4% last month but high services costs …
ECB hopeful euro zone inflation can hit 2% target mid-2025, de Cos says Read More »
By Pranav Kashyap, Sruthi Shankar and Khushi Singh (Reuters) -Britain’s FTSE 100 slipped on Wednesday, led by declines in energy stocks, while investors grew cautious ahead of the U.S. Federal Reserve’s policy decision later in the day, hoping for hints on its interest rate path. The blue-chip index closed down 0.3%, while the mid-cap FTSE …
UK’s FTSE 100 slips ahead of Fed outcome, energy stocks weigh Read More »
(Corrects paragraph 3 to say pandemic peak freight price was $13,559, not $11,137) By Jesus Calero and Louis van Boxel-Woolf (Reuters) -European shipping firms Maersk and Hapag-Lloyd are unlikely to get a big boost from soaring freight rates due to the Red Sea crisis in the first quarter, reinforcing worries about overcapacity in the long …
Investors wait to see Red Sea in shippers’ Q1 numbers Read More »
LONDON (Reuters) – Macquarie Asset Management, part of Macquarie Group, has agreed to sell a 10% stake in Britain’s East Anglia ONE offshore wind farm to renewable energy asset manager NTR. East Anglia ONE is a 714 megawatt wind farm, located in the North Sea, 43 km (27 miles) off the Suffolk coast. It is …
Macquarie Asset Management to sell stake in UK offshore wind farm Read More »
