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This week in ESG news: EU’s EFRAG set to reduce CSRD sustainability reporting datapoints by 50%; Australia launches sustainable finance taxonomy; U.S. SEC drops anti-greenwashing rules for funds; EU Commission to withdraw anti-greenwashing regulations; Amazon buys sustainable fuel for cargo flights; Goldman Sachs launches new sustainable bond funds; IFRS launches sustainability reporting education course; France…
The European Commission revealed on Friday that it plans to withdraw the Green Claims Directive just days prior to trilogue negotiations to finalize the proposed rules aimed at protecting consumers from greenwashing claims about the environmental attributes of products and services, following objections from lawmakers that brought its ability to be adopted into doubt. Following…
Canadian institutional investor, Caisse de dépôt et placement du Québec (La Caisse, formerly CDPQ), announced a new sustainable investing target, aiming to reach $400 billion in “climate action” investments by the end of this decade. The pledge, unveiled as part of La Caisse’s 2025–2030 climate strategy, marks a major acceleration in the asset owner’s efforts…
Donald Trump’s immigration policy will damp the US’s annual potential growth rate © Getty Images Welcome back. Businesses and investors are sensitive to developments in Donald Trump’s tariff agenda. After all, as import duties directly affect profit margins and supply chains, their economic impact feels tangible and imminent. But there is another component of the…
Jay Powell, chair of the Federal Reserve. Traders in the futures market expect the Fed to lower borrowing costs twice this year, beginning in October © Kent Nishimura/Bloomberg The Federal Reserve’s favoured inflation metric is expected to show a slight tick uptick in price pressures in May, with an acceleration in both core and headline…
Donald Trump said that ‘the strikes were a spectacular military success’ © Bloomberg Donald Trump said the US struck three nuclear sites in Iran, joining Israel’s attacks on the country and drawing America into another war in the Middle East. The president said US planes dropped bombs on Fordow, Natanz and Isfahan in an effort…
Business | Schumpeter Can a car boss turn around Gucci’s owner? Kering is the latest troubled firm to seek an outside saviour Illustration: Brett Ryder THE RENAULT Twingo Equilibre is a pint-sized runaround for the thrifty. The special-edition Gucci Jackie Notte handbag is an iconic accessory for the loaded. Besides being available in black and…
Business | Knickers in a twist Victoria’s Secret is struggling to reinvent itself Investors are growing impatient Photograph: Getty Images At the world’s best-known lingerie brand, the dirty laundry is on full display. In an open letter to Victoria’s Secret published on June 16th, Barington Capital, an activist investor, told Donna James, the brand’s chairwoman,…
Business | Oh, Brother! The family saga at Germany’s media colossus takes an unusual twist The owner of Penguin Random House and BMG is returning to family management Sibling rivalry Photograph: Alamy It is common for family empires to eventually pass into the managerial hands of an outsider. Rarely does an heir later take back…
Key takeaways ETH is the worst performer in the top 10 today, losing 7% of its value. The cryptocurrency risks dropping to the $2k level amid growing selling pressure. Ether drops below $2,300 after dipping 7% Ether, the second-largest cryptocurrency by market cap, is the worst performer among the top 10 cryptos. It has lost…
