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Tag: ESG

  • US regulator sues top crypto exchange Binance CEO for ‘intentional evasion’

    CFTC accuses Binance of ‘deliberate evasion’ of federal law Binance’s compliance was ‘ineffective’ under CEO – CFTC CFTC cites practices first reported by Reuters last year March 27 (Reuters) – The world’s largest crypto exchange Binance and its CEO and founder Changpeng Zhao were charged on Monday by the US Commodity Futures Trading Commission (CFTC) […]

  • Nestle to investigate banking relationships after Credit Suisse collapse

    ZURICH, March 28 (Reuters) – Nestle (NESN.S) will examine its banking relationships following the planned acquisition of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s CEO Mark Schneider said on Tuesday. The world’s largest food group was a customer of Credit Suisse, Schneider told broadcaster TeleZueri in an interview to be shown Tuesday evening, […]

  • Hindenburg shuts down Jack Dorsey’s payment firm Block, shares collapse

    March 23 (Reuters) – Hindenburg Research announced short positions in Block Inc (SQ.N) on Thursday, claiming the Jack Dorsey-led payments company overstated its user numbers and underestimated its customer acquisition costs. Shares of Block fell 20% to $57.85 in premarket trading after the report. If losses continue through the session, the stock could post its […]

  • Republican lawmakers move to purge ESG movement from insurance companies

    Republican Iawmakers in several predominantly red states filed bills to purge the insurance industry of the ESG movement. The environmental, social and governance movement seeks to get organizations to consider social and environmental factors when making investments. The move has come under increasing scrutiny from conservatives, and a growing number of lawmakers have introduced legislation […]

  • FTX’s Singh pleads guilty as pressure mounts on Bankman-Fried

    NEW YORK, Feb. 28 (Reuters) – Nishad Singh, the former technical director of now-bankrupt cryptocurrency exchange FTX, pleaded guilty to US criminal charges on Tuesday and agreed to cooperate with prosecutors’ investigation into FTX founder Sam Bankman Fried. “I’m incredibly sorry for my role in all of this,” Singh said, adding that in mid-2022 he […]

  • Warren Buffett remains optimistic and preaches patience in an annual letter

    Feb. 25 (Reuters) – Billionaire investor Warren Buffett indicated on Saturday that he has not yet lost his continued faith in the US economy and his company Berkshire Hathaway Inc (BRKa.N). In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the long-term big picture, rather than higher inflation and […]

  • Gerber ends Tesla board run, says carmarker creates ‘own voice’

    BOSTON, Feb. 24 (Reuters) – Investor Ross Gerber of Tesla Inc (TSLA.O) said on Friday he will end his candidacy for the electric carmaker’s board of directors, citing changes investors can expect next week. Gerber said in a phone interview that he decided to pull out after Martin Viecha, Tesla’s head of investor relations, told […]

  • Bankman-Fried faces more criminal charges, allegedly concealing political donations

    NEW YORK, Feb. 23 (Reuters) – Sam Bankman-Fried was hit with new criminal charges on Thursday, in a wide-ranging indictment that charged the founder of the now-bankrupt FTX cryptocurrency exchange with conspiracy to make more than 300 illegal political donations . Bankman-Fried now faces 12 criminal charges, including four for fraud and eight for conspiracy, […]

  • EU carbon reaches €100, pushing the cost of pollution to a record high

    The EU achieved reforms at the end of last year The April deadline for submitting permits drove buying Shift from Russian gas to coal added to demand LONDON, Feb. 21 (Reuters) – The price of permits in the European Union’s carbon market hit 100 euros ($106.57) per tonne for the first time on Tuesday, a […]

  • Four-day workweek favored by UK employers in world’s largest trial

    Nine out of ten pilot farms adhere to a four-day working week Companies say that employees work more in less time The four-day work week is gaining traction, but some companies are still hesitant LONDON, Feb. 21 (Reuters) – Dozens of British employers trying out a four-day work week have mostly decided to stick with […]