India’s Adani slammed by $48bn stock rout, putting stock selloff at risk

Shares of Indian billionaire Adani’s companies hit by debt problems 7 Adani Group companies have lost a total of $48 billion since Adani slips to 7th richest in the world, from third Forbes Bill Ackman says Hindenburg report ‘highly credible’ MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) plunged on Friday … Read more

The pace of the new climate, sustainable trade rules will not let up

LONDON, Dec 20 (Reuters) – The past year has been the busiest in history for climate and sustainability rule-making, with relentless expectations expected in 2023 as policymakers tighten the net around behavior unstable or fraudulent businesses. From Canada to South Africa, the rules proposed or implemented covered everything from promoting transparency in corporate supply chains … Read more

Exclusive: Indian power producer NTPC to sell stake in green energy company – sources

NEW DELHI, Dec 14 (Reuters) – India’s biggest power producer NTPC Ltd (NTPC.NS) is aiming to sell a 20% stake in its green power business this financial year, expecting to raise up to 30 billion Indian rupees ($363.97 million), three government sources said. The deal marks the first green transaction by an Indian state-owned company, … Read more

As recession looms, UK businesses send SOS loans

Costlier credit, on tighter terms as banks assess risk Some business owners use their own money to fill in the gaps Funding crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation soars and recession looms, many British businesses are struggling to get affordable bank finance, putting pressure on the … Read more

GSK’s oncology business suffers another blow with Zejula setback

News follows setback for GSK’s blood cancer drug Blenrep Shares fall nearly 5% in afternoon trading Nov 11 (Reuters) – Britain’s GSK said on Friday it would limit the use of its ovarian cancer drug Zejula in the United States as a second treatment option to ward off cancer in patients whose tumors carry certain … Read more

Climate action is ‘good business’, says new UN climate chief

An overhaul of financial institutions is needed to generate climate cash COP27 signals a shift in direction to call out laggards Calls to tax fossil fuel profits to pay for climate action SHARM EL-SHEIKH, Egypt, November 9 (Thomson Reuters Foundation) – Rich countries – like poorer ones – stand to reap huge economic, social and … Read more

Exclusive: Google faces EU antitrust charges over its adtech business – sources

BRUSSELS, Oct 13 (Reuters) – Alphabet’s Google unit (GOOGL.O) could face EU antitrust charges next year over its digital advertising business, exposing the company to its fourth fine in the EU of more than one billion euros, people familiar with the case said Thursday. Google’s advertising business, which generated more than $100 billion in sales … Read more

UK business activity falls the most in September since early 2021

UK composite PMI drops to 49.1 in September (Prev: 49.6) Consumer confidence shaken by cost of living crisis UK private car registrations down 3.6% Britain’s new prime minister had a rocky start to office LONDON, Oct 5 (Reuters) – Britain’s private sector economy suffered the biggest contraction in activity last month since the COVID lockdown … Read more