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…
The Robera Neo is an autonomous golf cart that follows you using AI A built-in camera can record every stroke for instant video analysis It’s already raised more than $300,000 on Kickstarter Golf is no stranger to tech. From the best GPS golf watches to launch monitors, the game has embraced innovation. But Robera’s latest…
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…
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