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Welcome back. We have written a bit about environmental, social and governance investing losing some of its allure since Russia’s invasion of Ukraine. Investors are flocking towards oil-and-gas opportunities at the expense of clean energy projects. But there are signs of ESG resilience. Index provider MSCI reported earnings on Tuesday and said its ESG and
Magnus Carlsen has often proved himself an innovative and inventive world champion, as he continues to stay ahead of his rivals in all forms of the game. Carlsen is the player to beat in two-hour classical play, 15-minute rapid, five-minute blitz, and one-minute bullet. The Norwegian, 31, has always varied his openings so as to
Robinhood Markets announced it would sack 9 per cent of its full-time employees to reduce the number of “duplicate” jobs at the retail brokerage. Just two days ahead of the release of its first-quarter results, chief executive Vlad Tenev announced the lay-offs, saying the company’s “period of hyper growth” in 2020 and the first half
BASF has pledged to wind down its remaining businesses in Russia and Belarus, becoming one of the last big German groups to make such a move following the invasion of Ukraine. The world’s largest chemicals company by revenue, which last month froze all new projects in Russia, said on Wednesday it would close its existing
The first exchange traded product to combine gold and bitcoin in a single fund has launched on the SIX Swiss Exchange. The fund combines a millennia-old store of value with an upstart security that some have touted as the “new digital gold” — even if bitcoin’s slide in recent months has tarnished any reputation it
John Foley is retiring as chief executive of UK savings and investment group M&G, which has struggled to find its feet since its demerger from insurer Prudential in 2019. M&G said on Wednesday that Foley, who has been in the job since 2015, will continue in the position until a successor is in place. He
Shenzhen-based drone maker DJI has suspended its business in Russia and Ukraine, making it one of the first big Chinese companies to publicly halt Russian operations after President Vladimir Putin’s invasion. Russia’s use of DJI drones had drawn condemnation from Ukrainian officials and direct pleas to the company’s billionaire chief executive to cease its business
Good morning and welcome to Europe Express. Germany moved on several fronts yesterday — most notably on sending heavy weaponry to Ukraine, after weeks of resisting Kyiv’s calls. But Berlin also indicated yesterday that it could very soon stomach an EU oil embargo on Russia, something that was out of the question just weeks ago.
North Koreans seeking greater access to information are engaged in a digital “game of cat and mouse” with Kim Jong Un’s totalitarian regime, according to a new analysis of the country’s telecommunications devices. The study, conducted by researchers on behalf of US-based non-profit organisation Lumen and seen by the Financial Times, shines a light on
Your browser does not support playing this file but you can still download the MP3 file to play locally. US tech stocks fell to their lowest level in more than a year, the Brexit trade deal has caused a “steep decline” in UK trade with the EU, Chinese businesses have scoured the globe for important
Gillian Tett poses the question what to do with Russian music (April 16). Ban it! The All England Club has now announced a ban on all Russians playing at Wimbledon (Opinion, April 23). Art galleries around the world must take down their Kandinskys and the London mayor should also organise a public book burning of Dostoevsky’s