BlackRock directly interacting with companies on climate risk is a “positive sign”. BlackRock Inc faces building up pressure and weighs on making its “interactions with portfolio companies” stricter given the effect it has on its climate related records. The largest asset manager in the world has...

A continued drop in the sale of cars and sliding profits had already forced Japan’s Nissan Motor Co to chalk out a strategy for cost savings. According to a recent report by the news agency Reuters quoting source information, the company has now asked its managers all across the board to cut down...

Chinese Internet company Alibaba has become Asia's largest capitalization company. Now it ranks seventh in the world in terms of value, according to Nikkei Asian Review. As of December 20, the company's capitalization increased by 60% compared to the end of last year - up to $ 570 billion. Among...

The disagreement between Saudi Arabia and Kuwait over the Khafji oil field has come to an end with the Saudi energy minister announcing that the two countries would be jointly operating the oil field which would yield as much as 320,000 oil barrels per day (bpd) by the end of next year. This was...

American electric car maker Rivian raised $ 1.3 billion, CNN writes. The money was raised by T. Rowe Price, an investment company that owns a stake in Tesla. Rivian was previously called the "nightmare" by Elon Musk. To attract financing, Rivian chose the funding round procedure, in which a stake...

Following the revelation of forced prison labour in China and the suspension with a Chinese suppliers by the British retailer Tesco, investigations into its relationship with a Chinese printing firm suspected of using forced prison labour is also being done by Australian clothing retailer Cotton On...

A risk to British secret intelligence services MI5 and MI6 would be posed if the United Kingdom government allows participation of the Chinese telecom company Huawei into the country’s 5G telecommunications networks, warned the United State’s White House.     According to a report...

The Japanese government is considering postponement the Japan Post Holdings Co. stock sale plan worth about $ 10 billion until the next fiscal year after scandals surrounding the company's insurance division. It is reported by Bloomberg, citing sources familiar with the situation. Concerns about...

The British company Tesco has suspended production of Christmas cards at a factory in China. According to a statement from Britain’s largest retail chain, production was halted due to suspicions of the use of prison labor. Tesco launched an investigation into suspected prisoners in a Chinese...