Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards
Financial institutions and individual board members could be the next targets of climate litigation cases.
Financial News
Xi says China is ready to work with U.S. on condition of ‘mutual respect’
China’s President Xi Jinping speaks during a bilateral meeting with U.S. President Donald Trump at Trump’s Mar-a-Lago estate in Palm Beach, Florida, April 7, 2017. Carlos Barria | Reuters BEIJING …
China’s property market debt could weigh on the country for years, economist George Magnus warns
Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters The debt …
Pledges, progress and PR spin? What you need to know as the COP26 climate talks enter the final week
COP26 President Alok Sharma has described this as the moment “where the rubber hits the road.”
Elon Musk says he’s using a Twitter poll to determine the future of 10% of his Tesla shares
Key Points Elon Musk on Saturday asked his 62.5 million Twitter followers to determine the future of a chunk of his Tesla holdings. Twitter polls are informal, however, and Musk …
Travel stocks rally, stay-at-home companies plunge as pandemic wanes and tourism rebounds
Key Points Travel companies like Delta, Airbnb and Expedia pointed to clear signs of recovery in recent earnings reports. Stay-at-home stocks like Peloton, Zoom and Netflix sold off this week. …
Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate
A few apartment buildings built at the Kaisa Shenzhen City Plaza project. Langi Chiang | SCMP | Getty Images Hong Kong listed shares of Chinese real estate developer Kaisa Group …
Credit Suisse earnings beat estimates, but get hit by Mozambique scandal charge
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images …
The Fed is about to set its post-crisis policy course — with a high level of uncertainty ahead
The Federal Reserve is likely to step away from a historic level of economic support and into a new regime.
China’s Singles Day shopping event kicks off under specter of tech scrutiny and Xi’s ‘common prosperity’
Singles Day in China has a new feel — one where Alibaba and JD are looking to align themselves with Xi Jinping’s goals of “common prosperity” and sustainability.