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Investing
Exclusive-Investcorp revs up to sell Italian motorcycle clothing brand Dainese – sources
LONDON (Reuters) - Investcorp is gearing up to sell Italian motorcycle clothing brand Dainese in a deal that could value the 49-year firm, favoured by motorcycle racer Valentino Rossi, at about 750 million euros, a source familiar with the…
Afghanistan economic meltdown one of worst in history, UN says
The UN has forecast that Afghanistan’s gross domestic product will contract 20 per cent within a year following the Taliban’s takeover of the country, representing one of the worst economic meltdowns in history. “ an economic contraction…
Renewable energy pace must double to limit global warming, IEA says
A record amount of renewable electricity was added to energy systems globally in 2021 but it remains about half of what is needed annually to be on track to reach net zero emissions by 2050, according to the International Energy Agency. New…
Omicron sparks race to clarify extent of Covid vaccine protection
The warning from the head of Moderna, the pharmaceuticals group, that coronavirus vaccines were likely to be less effective against the Omicron variant has provoked anxiety over the best weapon the world has to fight the pandemic.While the…
Covid backlash: Europe’s populists eye opportunity
There was live music, dancing and bottles of Sekt sparkling wine. The chancellor, the president, the mainstream party leaders and the media bosses were all there, in black tie and sequinned evening dresses. What made last Friday’s gala…
Rich countries must divert jabs to developing world says Covax chief
One of the main figures behind the Covax vaccine initiative has questioned why rich countries are ramping up their booster programmes in response to the Omicron variant, insisting the priority should be inoculating the huge number of people…
Floating nuclear power plant fuels Russia’s Arctic ambitions
Moored off the small Arctic town of Pevek is the Akademik Lomonosov — the world’s first floating nuclear power plant and a sign of how President Vladimir Putin’s ambitions for Russia’s far east are taking shape.This port on the northern…
US junk bonds hit by sharpest sell-off in over a year
US junk bonds fell in November by the most in more than a year on fears the spread of the Omicron coronavirus variant will hinder the ability of low-rated companies to repay their debts.A high-yield bond index compiled by Ice Data Services…
Rise of ESG adds to pressure on European defence companies
Defence executives are used to being targeted by antiwar demonstrators, who regularly try to gatecrash shareholder meetings and trade fairs. But now, the industry faces a different kind of adversary: socially conscious investors.They are…
US examines stricter testing rules for international travel
Joe Biden is considering imposing stricter testing rules for international travel as the White House develops a strategy to prevent the spread of the Omicron coronavirus variant in the US. A White House official said on Tuesday that Biden…
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