INDS

Global investor group to pressure corporations on water risks

Aug 17 (Reuters) – A global group of investors and pension funds have said they will push top corporate water users to address financial risks and protect resources, citing widespread droughts and severe weather. The Valuing Water Finance Initiative is the latest led by sustainability investor group Ceres to bring pressure corporations on environmental issues. …

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Exclusive: China’s EVE to supply BMW with large Tesla-like cylindrical batteries in Europe

BMW logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com register SHANGHAI, Aug 17 (Reuters) – China’s EVE Energy Co Ltd (300014.SZ) will supply BMW (BMWG.DE) with large cylindrical batteries for its electric cars in Europe, two people …

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EXCLUSIVE Biden’s emergency board calls for railroad wage hikes to resolve contract talks

US President Joe Biden walks to Air Force One as he departs for Washington, DC, from Joint Base Charleston, South Carolina, US, August 16, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com register WASHINGTON/LOS ANGELES, Aug 16 (Reuters) – US President Joe Biden’s emergency board tasked with helping major freight railroads and …

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Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm …

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American Airlines bets on supersonic travel with Boom jet deal

An American Airlines aircraft flies past the US Capitol before landing at Reagan National Airport in Arlington, Virginia, US, January 24, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – American Airlines Group Inc (AAL.O) on Tuesday agreed to buy up to 20 jets from aircraft maker …

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Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings …

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NYSE delistings signal Beijing may be willing to compromise on US audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, US June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing …

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Germany reaches 75% gas stocks target ahead of schedule

A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com register FRANKFURT, Aug 14 (Reuters) – German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of …

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Wide-body jet demand humming again as Boeing 787 rejoins the fray

The Boeing 787-10 Dreamliner sits on the tarmac before a delivery ceremony to Singapore Airlines at the Boeing South Carolina Plant in North Charleston, South Carolina, United States March 25, 2018. REUTERS/Randall Hill Register now for FREE unlimited access to Reuters.com register Demand for long-haul jets rising after prolonged downturn Saudi Arabia discussing potentially significant …

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With Alibaba stake cut, SoftBank’s Latest cools toward China tech

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba …

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