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Sustainable infra investment firm Generate capital raises $2 billion

San-Francisco-based green infrastructure investment company Generate Capital raised $2 billion in its latest funding exercise backed by pension funds from Australia, Sweden, and the U.K. With the risi...

By  Yashasvini On  2021-07-19 23:24:00
UBS to develop methods for monitoring lending impacts on environment and jobs

A consortium of banks, including UBS and Singapore's DBS on Wednesday, revealed intentions to develop a new method of assessing the environmental and social effects of their funding. Banking for Impac...

By  Ishika Dangayach On  2021-06-30 23:15:00
Morgan Stanley announces 100% increase of its quarterly dividend from$0.35 to $0.70 per share

Morgan Stanley [MS] announced that it will double its quarterly common stock dividend to $0.70per share from the current $0.35 per share, beginning with the common dividend expected to be declared by ...

By  Hemanth On  2021-06-29 02:56:00
Target unveils new sustainability targets, vows to create net-zero emissions by 2040

Target Corp. launched a comprehensive new sustainability plan, including objectives such as getting 100 percent of its power from renewable sources by 2030 and making all of its owned brands' plastic ...

By  Ishika Dangayach On  2021-06-22 20:50:00
Siemens Gamesa to provide “typhoon-proof turbines” for wind project in Japan

Siemens Gamesa Renewable Energy will supply 79 ‘"typhoon-proof turbines" to a major onshore wind development in Japan, in the country's pledge to reduce its reliance on fossil fuels. In a statement, t...

By  Shubhangi On  2021-06-19 02:37:00
Fake reviews and inflated ratings are still a problem for Amazon

A charging brick recently caught my eye on Amazon. [AMZN] 1.11% It was a RAVPower-branded two-port fast charger, and it had five stars with over 9,800 ratings. The score seemed suspect but Amazon itse...

By  Hemanth On  2021-06-15 02:48:00
Tech giants like Google, Amazon urge SEC to disclose climate impact reports

Seven major tech companies have written to Securities and Exchange Commission requesting the regulatory body to require businesses to regularly disclose climate-related matters to their shareholders. ...

By  Shubhangi On  2021-06-15 02:15:00
Google proposes U.K. oversight role in retirement of web cookies

Google pledged to collaborate with U.K. regulators on the removal of a user-tracking technology from its Chrome browser, one of several commitments it is offering to apply globally to settle an antitr...

By  Hemanth On  2021-06-12 02:54:00
Tesla’s Berlin gigafactory faces the wrath of environmentalists

Tesla's plans to construct a gigafactory near Berlin have hit yet another snag as German environmental groups filed an objection to the provisional permit for its construction. The groups' lawyers sai...

By  Yashasvini On  2021-06-11 22:59:00
Facebook lets more employees choose full-time remote work or return to the office

Facebook Inc. [FB] -1.03% is giving most of its employees a choice: Seek permission to keep working at home or go to the office at least half the time. The social-media giant told its roughly 60,000 e...

By  Hemanth On  2021-06-10 02:08:00
One oil company’s Rocky Path to renewable energy

For years, Danish Oil and Natural Gas Co. did what many other big oil companies do: pumped hydrocarbons out of the North Sea. Today, it's the world's largest developer of offshore wind energy, and exc...

By  Hemanth On  2021-06-09 02:21:00
Snowflake CEO offers apologies, support for hiring diversity

Snowflake Inc. [SNOW] Chief Executive Officer Frank Slootman apologized to those he said he may have hurt when he suggested during a Bloomberg Television interview that diversity should be secondary t...

By  Hemanth On  2021-06-08 01:24:00
Reckitt Benckiser to sell baby formula unit in China in $2.2bn deal

Reckitt Benckiser [RBGPF] has agreed to sell its baby formula business in China to the private equity firm Primavera, as it seeks to bring an end to its struggle with a division that has weighed on it...

By  Hemanth On  2021-06-06 10:34:00
Facebook’s marketplace faces antitrust probes in EU, U.K.

The European Union and the U.K. opened formal antitrust investigations into Facebook Inc.'s [FB] 1.32% classified-ads service Marketplace, ramping up regulatory scrutiny for the company in Europe. Bot...

By  Hemanth On  2021-06-06 10:21:00
Nigeria suspends Twitter after president’s tweet is deleted

Nigeria's government said it suspended Twitter Inc.'s operations indefinitely, two days after the social-media giant deleted a post by President Muhammadu Buhari. The ban is due to "the persistent use...

By  Hemanth On  2021-06-05 02:35:00
ChargePoint CEO sees electric pickups winning over americans

The largest vehicle charging network in the U.S. is counting on electric pickup trucks to finally win over American drivers for EVs. ChargePoint Holdings Inc. [SBE-UN] Chief Executive Officer Pasquale...

By  Hemanth On  2021-06-05 02:29:00
Engine No.1 scores a hat-trick with a third board seat at ExxonMobil

Engine No.1 bagged yet another victory at the Exxon Mobil Corp. board elections when shareholders elected the third nominee by the hedge fund to the oil company's board. Alexander Karsner, a strategis...

By  Yashasvini On  2021-06-03 21:25:00
Australian regulator claims victory in scrap with Big Tech over news

Australia's competition regulator has declared victory in a three-year battle to make Facebook and Google pay for news after the internet groups signed deals with publishers that could be worth about ...

By  Hemanth On  2021-06-02 03:30:00
Amazon faced 75,000 arbitration demands. Now it says: Fine, Sue us

Companies have spent more than a decade forcing employees and customers to resolve disputes outside the traditional court system, using secretive arbitration proceedings that typically don't allow pla...

By  Hemanth On  2021-06-02 03:00:00
Meat producer JBS curtails operations after cyberattack

Meatpacker JBS SA 4.16% was hit by a ransomware attack that took a big chunk of U.S. beef-and-pork processing offline, sending buyers scrambling for alternatives and raising pressure on meat supplies....

By  Hemanth On  2021-06-02 02:53:00
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