By Simon Jessop LONDON (Reuters) – BlackRock plans no major changes to the way it engages with companies and votes on environmental and social issues in the year ahead, despite a backlash against its stance on climate change from some U.S. Republican politicians. The world’s biggest asset manager, with oversees around $8 trillion for investors, …
BlackRock plans no big changes to ESG stance despite backlash Read More »
WASHINGTON (Reuters) – U.S. lawmakers are set to add to a government spending bill an extension of a looming deadline imposing a new safety standard for modern cockpit alerts for two new versions of Boeing’s best-selling 737 MAX aircraft, sources told Reuters. The U.S. planemaker has been lobbying for months to convince lawmakers to waive …
By Jared Higgs, Luc Cohen and Jasper Ward NASSAU, Bahamas/NEW YORK (Reuters) -Sam Bankman-Fried has now decided to agree to be extradited to the United States to face fraud charges, two of his lawyers said on Monday, just hours after one of them told a Bahamas judge the FTX founder wanted to see the U.S. …
Bankman-Fried to agree to U.S. extradition in about-face after Bahamas hearing -lawyers Read More »
LONDON (Reuters) – Britain’s government has started legal action to recover money from a firm at the centre of a row over the supply of personal protective equipment during the COVID-19 pandemic. The Department of Health and Social Care (DHSC) filed a lawsuit against PPE MedPro at London’s High Court on Monday, according to court …
UK starts legal action to recover money from PPE firm at centre of political row Read More »
By Kate Abnett BRUSSELS (Reuters) -European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU’s latest attempt to lower gas prices that have pushed energy …
EU countries agree gas price cap to contain energy crisis Read More »
By Noor Zainab Hussain and Carolyn Cohn (Reuters) – Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or lawsuits, several market participants said. Insurers were already reluctant to underwrite asset and directors and officers (D&O) …
Insurers shun FTX-linked crypto firms as contagion risk mounts Read More »
(Reuters) -Binance said on Monday Jo Johnson, brother of former British Prime Minister Boris Johnson, had resigned from the UK advisory board of its unit, as the cryptocurrency industry braces for further pain in the aftermath of the FTX fiasco last month. Johnson had joined Bifinity, a payments technology company that Binance launched in March …
Boris Johnson’s brother quits as adviser to Binance unit Read More »
By Emma Farge GENEVA (Reuters) – The head of the World Trade Organization on Monday chided countries for failing to make headway on negotiations because of infighting over who should lead them. The WTO broke a multi-year deal-making drought in June by clinching a series of agreements at a major trade conference in Geneva in …
WTO chief rebukes countries over stalled negotiations Read More »
(Adds EU plan for new gas benchmark price, detail on original Commission proposal) By Susanna Twidale, Kate Abnett and Gabriela Baczynska (Reuters) – European Union countries agreed on Monday to cap gas prices, after debating for months whether the measure could hinder rather than help Europe’s efforts to cope with an energy crisis. The aim …
Explainer-Europe’s hard-fought plan to cap gas prices Read More »
By Valentina Za MILAN (Reuters) – Dropping a plan to boost small cash payments is the smart thing for Italy to do – the measure could not have stopped the inevitable digital transition, data show, while it was already hurting the country’s image. Italy is scrapping from the draft budget a provision on retailers who …
Analysis-Italy’s cash payments U-turn is all gain, no pain Read More »
