Monday, 30 May 2022

Insurance rates jump for Ukraine war-exposed business, sources say

Insurance rates jump for Ukraine war-exposed business, sources say

Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources say.

China uses digital yuan to stimulate virus-hit consumption

China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency and effectiveness of government policies.

Comment: 'Money talks. So why aren't high-carbon companies listening to Climate Action 100+?

Climate Action 100+ is the world's largest investor engagement initiative on climate change, with 700 signatories managing $68 trillion in assets. If money talks, CA100+ has a megaphone without compare.

In the race against time to cut emissions, companies' supply chains are key

The question of how the hundreds of companies that have set net-zero commitments are actually going to deliver on them has taken on greater urgency in the wake of the UK Met Office's recent assessment that there is an even chance global temperatures will overshoot the "safe" limit of 1.5 degrees Celsius in the next five years.

Bitcoin lures inflation-weary Argentines despite crypto crash

In the Crypstation cafe in downtown Buenos Aires, trendy young Argentines order their lattes and pastries surrounded by screens with real-time cryptocurrency price quotes and a huge neon Bitcoin logo. The bill can be paid in digital money, too.

Russians feel little economic pain now, long-term outlook darkens

For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone.

Booze, burgers and bunting - UK supermarkets get Platinum Jubilee boost

British supermarket groups are set to enjoy a mini-boost to trade as Britons put aside their cost of living worries for a few days and prepare to celebrate Queen Elizabeth's Platinum Jubilee with street parties and barbecues.

Google backs India's ShareChat in $300 mln funding round at $5 bln valuation

The parent company of India's ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc's Google, media giant Times Group and Singapore's Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters.

Stellantis and Toyota to expand partnership with large commercial van

Stellantis , said on Monday it would expand its partnership with Toyota Motor Europe (TME) with a new large commercial van, including an electric version.

Crown Resorts fined $57 mln for enabling illegal fund transfer at Melbourne casino

Australia's Crown Resorts was fined A$80 million ($57.4 million) by the Victoria state gambling regulator for enabling illegal transfer of funds from China, ahead of the watchdog's decision on the casino operator's $6.3 billion buyout by Blackstone .

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