 | | | | Snap Inc's shares slumped 30% before the bell on Tuesday after a profit warning from the social media company signaled tough times ahead for the once-booming industry, sparking a sector-wide selloff. | | | | | | Authorities carried out a search on Tuesday at the Paris office of U.S. management consultancy McKinsey, reported Le Parisien paper and Agence France Presse (AFP). | | | | | | Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen their involvement, the European Central Bank (ECB) said on Tuesday. | | | | | | Employee activism is moving from the shadows into the mainstream. A new wave of consciousness, covering issues such as climate change and social inequality, is flowing through staff meetings and forums. And whether employers are looking to bring in new investment, recruit new talents or just do the right thing, they know it's a movement they can't ignore. | | | | | | Brands have always been political actors, even if most historically refuse to admit it. Corporations evidently benefit from political decisions (tax-cuts, infrastructure investment, labour laws and so on), just as they manifestly seek to influence such decisions (through lobbying, political donations, etc). | | | | | | Revving up renewables is a major component of Europe's plans to cut its dependency on oil and gas from Russia, in the wake of its war against Ukraine. That's good news for efforts to reach net zero, but crucial issues of permitting and energy storage are also going to have to be addressed if Europe is to make its hoped-for renewables boom a reality. | | | | | | After a considerable delay, the U.S. Securities and Exchange Commission (SEC) has finally arrived at the climate disclosure party – and it is going to have a significant impact on U.S. companies. | | | | | | Russia's war against Ukraine is forcing Europe to rethink energy security in a bid to become independent of Russian fossil fuel supplies. But just as the Intergovernmental Panel on Climate Change (IPCC) is warning in its latest report that limiting global warming to 1.5 degrees would be beyond reach without "immediate and deep emission reductions across all sectors", Western governments are making decisions that risk the opposite. | | | | | | Love them or hate them, sport utility vehicles (SUVs) are ubiquitous in cities the world over. Synonymous with the school run, and criticised for clogging urban streets, spewing pollution and contributing to a rise in deaths of pedestrians, many see them as potent symbols of planet-destroying over-consumption. | | | | | | Abercrombie & Fitch Co trimmed its full-year sales forecast on Tuesday as record-high inflation hits demand for the retailer's jeans, tops and dresses, sending its shares down 18% in premarket trade. | | | | | |
