The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets.Stopping fossil fuel funding is seen as a major step the world can make to…
U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures.Refinitiv Lipper showed U.S. money market funds received a net inflow of $25.34 billion, a four-fold increase over the…
U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures.Refinitiv Lipper showed U.S. money market funds received a net inflow of $25.34 billion, a four-fold increase over the…
Canadian Pacific Railway (CP.TO) said on Friday it was willing to re-engage with Kansas City Southern (KSU.N), without raising its offer for the U.S. railroad operator, hoping that rival Canadian National Railway’s (CNR.TO) bid would be shot down by a U.S. tr…
U.S. factory activity gathered speed in early May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor, boosting costs for both businesses and consumers.Data firm IHS Markit said on Friday its flash U.S. manufacturing PMI increased to 61.5 in the first half of…
The Bank of England set out plans on Friday to use its 20 billion pounds ($28.4 billion) of corporate bond holdings to nudge companies to cut greenhouse gas emissions faster, part of a wider government strategy to achieve net-zero emissions.
China’s yuan inched higher on Friday and looked set for a marginal weekly gain against a weaker dollar as investor concerns about tapering talk by the U.S. Federal Reserve eased. The dollar jumped briefly early in the week after minutes of the last Fed meetin…
Hungary will lift most remaining COVID-19 curbs, including a night-time curfew, as soon as the number of those vaccinated reaches a milestone of 5 million this weekend, Prime Minister Viktor Orban told radio on Friday.
Nearly 1.2 million doses of AstraZeneca’s COVID-19 shot arrived in Mexico from the United States on Thursday, Mexican Foreign Minister Marcelo Ebrard said.
Gustavo Parés Contributor Share on Twitter Gustavo Parés is CEO of NDS Cognitive Labs, a leader in cognitive computing and AI business solutions. A professor at Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), he’s partnered with Microsoft, IBM and Google to deliver digital transformation and cognitive technology services. More posts by this contributor…
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