Leading finance firms sign up to Mark Carney forum on low-carbon investmentBarclays, HSBC and Axa among 160 firms in global alliance to hasten transition to net zero economies Banks have joined the new Glasgow forum which aims at ‘mainstreaming climate finance’ but which does not set deadlines for ending fossil fuel investment. Photograph: Tolga Akmen/AFP/Getty Images
Amalgamated Bank today announced that it is a founding member of the Net Zero Banking Alliance, part of the Glasgow Finance Alliance for Net Zero.
How vaccines are affecting Covid-19 outbreaks globallyDespite their life-saving capabilities, many countries have yet to administer enough doses to reap the full benefitsCoronavirus – latest updatesSee all our coronavirus coverage
Humanitarian system is failing people in crisis, says UN aid chief Exclusive: coordinator of UN’s relief operation to say agencies not listening to needs of those in need Mark Lowcock: ‘The humanitarian system is set up to give people in need what international agencies and donors think is best.’ Photograph: Salvatore Di Nolfi/EPA
Renesas announced it has become a signatory of the UNGC, the world’s largest voluntary initiative to implement universal sustainability principles.
The MPS™ technology protects against the dangers of propane leaks when using propane for HVAC&R, dryers, refrigerator systems, and other systems.
(Bloomberg) -- Malaysia started marketing its first-ever sustainability Sukuk, adding to a growing number of countries turning to debt financing for environmental projects.The Southeast Asian nation is marketing dollar-denominated Islamic finance securities in 10-year and 30-year parts, and the shorter tenor is a sustainability offering, a person familiar with the matter said. The deal may price as soon as today, according to the person, who asked not to be identified as the details are private.Click here for more details on the initial price guidanceSustainable debt issuance rose 29% last year to a record $732 billion, according to figures from BloombergNEF. Indonesia sold green debt that complies with religious principles in 2018, making it the first country in the world to issue such securities, according to a United Nations Development Programme report.“Demand for ESG or sustainability-linked bonds continues to gain traction while there is still a limited supply” of such issuances from Southeast Asia, said Winson Phoon, head of fixed-income research at Maybank Kim Eng Securities in Singapore. “Adding the sustainability label helps widen further the investor base.”Malaysia is also an infrequent issuer in overseas debt markets, last selling dollar debt in 2016. The longer duration of the sovereign’s U.S. currency notes meant they suffered during a selloff in the first quarter, resulting in year-to-date losses for investors, but have rebounded somewhat of late as rates retreated.Like governments around the globe, Malaysia has been tackling the impact of the pandemic, and Prime Minister Muhyiddin Yassin unveiled a 20 billion ringgit ($4.9 billion) stimulus package last month that included discounts on power bills, tax breaks and cash aid to the poor.The nation’s gross domestic product may expand 6% to 7.5% in 2021, Malaysia’s central bank said last month. That’s potentially slower than its earlier projection of 6.5%-7.5% growth, but still ahead of many of its neighbors.(Updates with analyst comment in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
SoftBank Group Corp's $100 billion Vision Fund is widely seen reporting record earnings on May 12 after portfolio companies listed during the quarter, mostly driven by gain on its stake in South Korean e-commerce giant Coupang. SoftBank's 37% stake in Coupang, which sources have said was acquired for about $3 billion, was worth around $30 billion at the end of the March quarter. Coupang shares have slipped 14% since March.
After three weeks of testimony, the trial of the former police officer charged with killing George Floyd ended swiftly: barely more than a day of jury deliberations, then just minutes for the verdicts to be read — guilty, guilty and guilty — and Derek Chauvin was handcuffed and taken away to prison. Chauvin, 45, could be sent to prison for decades when he is sentenced in about two months a case that triggered worldwide protests, violence and a furious reexamination of racism and policing in the U.S. “Today, we are able to breathe again,” Floyd's younger brother Philonise said at a joyous family news conference where tears streamed down his face as he likened Floyd to the 1955 Mississippi lynching victim Emmett Till, except that this time there were cameras around to show the world what happened.
Why is India seeing such a huge surge in Covid-19 cases?A ‘double mutant’ strain, lack of medical supplies and the relaxation of lockdowns have combined to foment disaster Despite the Covid-19 surge, crowds have been allowed to gather for Kumbh Mela in Haridwar, India. Photograph: Anushree Fadnavis/Reuters
In the foothills of Taiwan's mountainous spine, reservoirs are running dry as the island experiences its worst drought in decades -- a crisis that risks deepening an already acute global semiconductor shortage.
A Washington-backed Afghan peace conference in Turkey has been postponed due to the Taliban’s non-participation, three sources told Reuters on Tuesday. The meeting was scheduled for April 24 to fast-track an agreement between Taliban insurgents and the Afghan government following Washington’s announcement that foreign troops would leave Afghanistan by Sept. 11.“The Istanbul meeting is not happening on the given date because the Taliban refused to attend,” a senior Afghan government official told Reuters.The postponement was confirmed by two other sources, including one official whose country is involved in the planning process. There was no immediate revised date.Foreign Minister Mevlut Cavusoglu of Turkey, one of the hosts of the talks, later confirmed that they had been put off until after the Muslim holy month of Ramadan, which ends around mid-May.An Afghan government spokesman declined comment on the matter.Taliban spokesman Mohammad Naeem told Reuters in a text message that the group did not have any information about the postponement, and that he could not say anything about future dates for the conference post Ramadan.The Taliban had earlier refused to attend any summits until all foreign forces were pulled out of Afghanistan. The United States and Taliban last year agreed that all foreign forces would be withdrawn from Afghanistan by May 1 – a date that was pushed back last week by U.S. President Joe Biden.U.S. State Department spokesman Ned Price did not confirm the postponement but said broader diplomatic efforts will continue: “We’ve always been clear, Istanbul was not a replacement for Doha”.Taliban and Afghan government negotiators began peace talks last year in the Qatari capital of Doha, but progress was slow and violence continued to escalate in Afghanistan.Washington was attempting to speed up the process, which included pushing for the summit in Turkey that was to be attended by over 20 countries and global bodies.U.N. spokesman Stephane Dujarric said earlier on Tuesday that he could not confirm if the conference had been postponed.“The United Nations, along with the co-conveners, Qatar, Turkey, we’re continuing to engage with representatives of both the Islamic Republic of Afghanistan and the Taliban on ways to strengthen and add impetus to the intra-Afghan negotiations,” Dujarric told reporters.The U.N. special envoy for Afghanistan, Deborah Lyons, was in Doha last week to discuss with Afghan parties “the best way the international community can support them in making progress on their negotiations toward a just and durable political settlement,” Dujarric said.“Our focus will continue to be on progress in intra-Afghan negotiations, which is a critical part of the way forward.”A leading U.S. general voiced “grave doubts” on Tuesday about the Taliban’s reliability as a negotiating partner for U.S. and Afghan diplomats after the U.S. military’s withdrawal from America’s longest war.The Islamist Taliban ruled Afghanistan from 1996 to 2001, when they were ousted by U.S.-led forces. Since then, they have waged a long-running insurgency and still control wide swathes of territory.(REUTERS)
Reds reliever Lucas Sims walked in a run to give the Arizona Diamondbacks a 5-4 lead over Cincinnati in the top of the eighth inning Tuesday night before the game was suspended because of rain. It will resume before the teams play their regularly scheduled game on Wednesday night. Pitching in a driving rain with one out in the eighth, Sims hit pinch-hitter Wyatt Mathisen with a pitch to load the bases and then walked Carson Kelly on a full count.
The streets of Houston’s Third Ward, a historically black neighborhood where George Floyd grew up, echoed with screams filled with the word “justice” in the moments after former Minneapolis police Officer Derek Chauvin was convicted of murder. “I think people’s belief in the system that we got in place is so bad that they don’t expect nothing good,” Cal Wayne, a Houston rapper who was a childhood friend of Floyd’s, said as he stood in front of a mural of Floyd on the wall of a popular corner store in the Third Ward. Nicholas Watson, a Third Ward resident and business owner, said he had pondered how to do damage control if Chauvin were acquitted and the community's frustration boiled over into property destruction.
(Bloomberg) -- Blackstone Group Inc. is seeking to invest in more properties in Singapore to capitalize on rising demand for office space among technology firms expanding in the city-state.The plans come after the U.S. private equity firm announced that it’s purchasing an eight-story building from Lucas Real Estate called the Sandcrawler for S$176 million ($132 million), confirming an earlier Bloomberg report.Blackstone is seeking to make long-term investments in high-quality assets that provide strong returns, Alan Miyasaki, head of Asia real estate acquisitions, said in an interview. That would require having a strong roster of tenants, such as those in the Sandcrawler, which houses the Walt Disney Co. and the Government Technology Agency.The move underscores the attraction of Singapore’s property assets to foreign investors as the financial hub broadens its appeal for technology firms. U.S. giants Amazon.com Inc. and Facebook Inc. and their Chinese counterparts Alibaba Group Holding Ltd. and ByteDance Ltd. are among companies that are making the city-state a beachhead for Southeast Asia.The Sandcrawler deal marks Blackstone’s first Singapore property acquisition under its “core plus” strategy, where it currently has $3.6 billion in assets under management in Asia. Located in the city’s largest business park, the building was inspired by the Sandcrawler fortresses in the Star Wars movies, and was used by Lucasfilm.Technology companies are keen to take up space in low-rise buildings in business parks, and not necessarily skyscrapers in the financial district, Miyasaki said. He pointed out that Grab Holdings Inc. and Sea Ltd.’s e-commerce business Shopee have offices in the area where the Sandcrawler is located.“It used to be that the tall skyscrapers were really cool,” Miyasaki said. “If we can buy five more Sandcrawlers, we’d do that.”More tech and content companies will expand their presence in Singapore over time, he said, citing the city-state’s ability to protect intellectual property as one reason. Geopolitical tensions elsewhere also make the tiny nation a relatively attractive option.Singapore is “the one place everybody agrees on,” Miyasaki said. “This is like the Switzerland of Asia.”Blackstone has been investing in property elsewhere in Asia as part of its strategy focusing on technology, logistics, content creation and life sciences. It’s is the largest owner of offices in India, with about 50% of its portfolio leased to global technology companies.In China, the firm announced a deal last year to buy a majority stake in the largest logistics park in the Greater Bay Area, accommodating blue-chip companies across sectors including e-commerce and life sciences. (Updates with investments elsewhere in Asia in the last two paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Earlier today, former Minneapolis Derek Chauvin was convicted of the murder of George Floyd—just as Stephen Colbert was gearing up to tape The Late Show. Subsequently, the late-night host decided to shift gears and address the decision. “After 10 hours of deliberation, a jury in Minneapolis decided that it’s illegal for the police to murder people, […]
'The Ingraham Angle' host debunks Democrats narrative that America is systematically racist
‘I cried so hard’: the teen who filmed Floyd’s killing, and changed AmericaDarnella Frazier’s video of Floyd gasping for air became a key piece of evidence in the trial of Derek Chauvin People react to the guilty verdict at a memorial erected at the site of George Floyd’s death. Photograph: Chelsea Lauren/REX/Shutterstock
A 15-year-old girl was shot and killed by police on Tuesday afternoon in Columbus, Ohio, police said. "The death of a 15-year-old child is devastating; she could be my grandchild," Ned Pettus, director of the Columbus Department of Public Safety, said at a press conference. Pettus said if the law was broken the police officer will be held accountable.
The streaming giant promised to spend 17 billion dollars (£12.2 billion) on content this year.