Community Tag

09 Mar US Justice Department Files Antitrust Lawsuit against JetBlue’s Acquisition of Spirit

Posted at 09:26 by Jordy Leo

The US Justice Department filed a civil antitrust to stop JetBlue Airways Corporation’s [JBLU:US] proposed USD3.8bn acquisition of its largest and fastest-growing ultra-low-cost rival, Spirit Airlines [SAVE:US], due to concerns that the deal would result in higher fares and reduced options for routes for consumers...

08 Mar Spanish to Publish New Law on Gender Equality

Posted at 17:27 by Jordy Leo

Spanish Prime Minister Pedro Sanchez announced the Equal Representation Law that requires more equal representation of women and men in politics, business, and other fields of public life, as reported by Reuters on March 4. Under the law, any listed company with more than 250...

08 Mar US State Department Reveals USD6bn in Global Funding Commitments for Ocean Protection and Climate Change

Posted at 16:58 by Tracy Liu

The US State Department has revealed details of USD6bn in funding commitments to protect oceans and fight climate change globally, as reported by Reuters on March 3. This was announced by Washington's climate envoy John Kerry at the Our Ocean 2023 conference in Panama. The...

08 Mar U.N. Treaty Agreed to Protect High Seas and Conserve Biodiversity

Posted at 16:52 by Tracy Liu

After 15 years of discussions and five rounds of UN-led negotiations, more than 100 countries have agreed on a U.N. treaty to protect the high seas, as reported by Reuters on March 5. Covering two-thirds of the ocean outside national boundaries, the treaty is crucial...

02 Mar TikTok Banned on European Commission Staff Devices for Cybersecurity Concerns

Posted at 10:41 by Jordy Leo

On February 24, Reuters reported that the European Commission has banned its employees from using TikTok, the Chinese-owned video-sharing platform, on their official devices and personal devices with work-related apps installed due to cybersecurity concerns. This marks the first time the commission has prohibited its...

02 Mar Nissan Plans to Boost US Production of Electric Vehicles and Power Trains

Posted at 09:48 by Tracy Liu

Nissan Motor Co Ltd [7201:JP], a Japanese automaker that was a pioneer in electric vehicles (EVs) with its all-battery-powered Leaf, announced on Monday that it plans to increase its production of electrified vehicles and power trains in the United States, as reported by Reuters on...

23 Feb Canada Unveils Sustainable Jobs Strategy to Build a Green Economy and Support Workers’ Transition

Posted at 14:12 by Tracy Liu

The Canadian government's Sustainable Jobs Strategy aims to create new employment opportunities in the sectors that will be most important for a future green economy, as reported by Reuters on February 17. This includes investing in clean energy, infrastructure, and manufacturing, as well as offering...

15 Feb French Regulator Calls for Stricter Standards for Sustainable Funds

Posted at 19:27 by Jordy Leo

The French Financial Markets Authority (AMF) has called on the European Union (EU) to tighten rules on labeling sustainable investment funds to prevent greenwashing, as reported by Reuters on February 13. Under the EU’s Sustainable Finance Disclosure Regulation (SFDR) effective from January 2023, sustainable funds that “promote...

15 Feb Brazil Consults Mexico, Chile, and Germany on Establishing Green Bond Framework

Posted at 19:06 by Jordy Leo

Brazil’s Finance Ministry revealed that the country is in talks with Mexico, Germany, Colombia, and Chile about setting up a framework to issue environmental, social, and governance (ESG) bonds, as reported by Reuters on February 10. The four states consulted by Brazil have all issued...

15 Feb EU to Allow Targeted, Temporary Support for Net-Zero Industry

Posted at 18:54 by Jordy Leo

European Union (EU) leaders have agreed to allow “targeted, temporary, and proportionate" support to ensure Europe's future as a manufacturing hub for green tech products and to counter competition from the US and China, as reported by Reuters on February 10. Specifically, the European Commission...

15 Feb Itochu to Supply Renewable Energy to Amazon and Meta

Posted at 18:03 by Tracy Liu

Itochu Corporation [8001:JP], a Japanese trading company, has signed a contract to supply renewable energy to Meta Platforms [META:US] in the US and Amazon [AMZN:US] in Japan starting from 2023, as reported by Nikkei Asia on February 14. Itochu will provide wind power to Meta...

14 Feb Biden-Harris Administration Announces USD1bn Boost for Superfund Cleanups

Posted at 20:48 by Tracy Liu

The US Environmental Protection Agency (EPA) has announced that the Biden-Harris administration will allocate an additional USD1bn for the Superfund cleanups, as reported by Reuters on February 10. This additional funding will support the cleaning up of toxic waste sites across the country and will...

14 Feb Italy Set to Sign Natural Gas Deals with Azerbaijan

Posted at 20:42 by Tracy Liu

Italy is set to sign a contract for the purchase of natural gas turbines from Azerbaijan in 2023, as reported by Reuters on February 11. The agreement will include the delivery of multiple units to be used for power generation in Italy. The deal is...

14 Feb Greenpeace to Sue EU over Misleading Green Label for Gas and Nuclear Energy

Posted at 20:32 by Tracy Liu

Greenpeace has announced plans to sue the European Union over its "green label" for gas and nuclear energy, as reported by Reuters on February 9. The environmental organization argues that the EU's labeling system, which is intended to promote sustainability, is misleading and gives false...

09 Feb Activision Blizzard Fined USD35M for Violating Whistleblower Protection and Investor Disclosure Rules

Posted at 11:07 by Jordy Leo

Video game development and publishing company Activision Blizzard [ATVI:US] agreed to pay USD35m to settle charges of failing to have systems in place to properly handle disclosures of employee complaints and violating whistleblower protection rules, according to the US Securities and Exchange Commission (SEC) website,...