Concise insights on global finance in the Covid-19 era. ———————————————— INCARCERATION ARBITRAGE. Running prisons for profit raises moral questions. That makes companies like CoreCivic (CXW.N) and GEO (GEO.N) and their financiers fair game for environmental, social and governance activists . Barclays (BARC.L) has discovered that the opprobrium isn’t easily avoided, even when there are a…
The idea of a wealth tax is gaining steam as a way to address economic inequality and recovery. The majority of respondents in a new poll see a wealth tax as one way to address inequality. The IRS chief told Congress it’s possible that over $1 trillion in taxes go uncollected each year. See more…
Household ProductsProcter & Gamble earnings beat as consumers hang on to pandemic cleaning habits; price hikes aheadPublished Tue, Apr 20 20216:30 AM EDTUpdated Moments AgoAmelia LucasShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsProcter & Gamble topped Wall Street's estimates for its fiscal third-quarter earnings and revenue.Consumers are still buying…
Druva, a software company that sells cloud data backup services, announced today that it has closed a $147 million round of capital. Caisse de dépôt et placement du Québec (CDPQ), a group that manages Quebec’s pension fund, led the round, which also saw participation from Neuberger Berman. Prior investors including Atreides Management and Viking Global…
Opinion – EconomySupply chain slowdown hits at key pillars of economy and will likely get worse: Dan YerginPublished Thu, Apr 15 20211:49 PM EDTUpdated Thu, Apr 15 20211:50 PM EDTDaniel Yergin@DanielYerginShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsThe pressures on supply chains are increasing and global disruptions are likely…
Topline Americans will soon be permitted to enter France for the first time in more than a year with vaccine passports, French President Emmanuel Macron said Sunday, as France prepares to scale down its coronavirus lockdown next month and welcome international visitors. Key Facts France will begin “progressively” lifting nationwide restrictions in early May, and…
Topline Marjorie Taylor Greene (R-Ga.) is abandoning her plan to launch a right-wing congressional group dubbed the America First Caucus after the publication of a seven-page platform vowing to protect “Anglo-Saxon political traditions” by congressional newsletter Punchbowl News, her spokesperson told Forbes. Key Facts “She’s not planning on launching it at this time,” the spokesperson…
FILE PHOTO: A teenager receives a vaccination against the coronavirus disease (COVID-19), in Tel Aviv, Israel, January 24, 2021. REUTERS/Ronen ZvulunJERUSALEM (Reuters) – Israel has registered eight cases of a coronavirus variant first identified in India and believes that the Pfizer/BioNTech vaccine is at least partially effective against it, an Israeli health official said on…
LONDON, April 20 (Reuters) – Deutsche Telekom has invested in Celo, a blockchain payments platform that allows mobile phone access to “decentralised finance” projects that allow users to bypass traditional financial firms, the company said on Tuesday.It did not disclose the size of the investment.Deutsche Telekom has also bought an unspecific amount of the Celo…
LONDON (Reuters) – A British parliamentary committee will summon finance minister Rishi Sunak and former Prime Minister David Cameron to appear before it to answer questions about the ex-leader’s lobbying for the now failed supply-chain finance firm Greensill Capital.A series of inquiries have been launched into what access lobbyists have had to Prime Minister Boris…
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