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Global bank stocks breathe easy after regulators, bankers move to allay fears

Battered Japanese bank stocks clawed back some of their heavy losses on Wednesday, as regulators and financial executives hosed down investor concerns about contagion after the collapse of Silicon Valley Bank (SVB). Markets and financial authorities remained on edge, however, with U.S. deposit holders seeking the safety of larger banks amid growing worries about the health of smaller institutions and the… Continue reading Global bank stocks breathe easy after regulators, bankers move to allay fears

Australian pension funds not doing enough on decarbonisation, says activist investor group

Australia’s five largest pension funds were not doing enough to push fossil fuel companies toward decarbonisation, activist investor group Market Forces said on Wednesday, arguing their environmental commitments could amount to greenwashing. The term ‘greenwashing’ describes exaggerated and misleading claims that suggest an entity are stewards of the environment without real action. Market Forces said… Continue reading Australian pension funds not doing enough on decarbonisation, says activist investor group

Technologycategory

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@VINFAST: Vingroup : VinBrain becomes NVIDIA Inception Premier Member

VinBrain has become a Premier member of NVIDIA Inception, a global program that provides cutting-edge startups with access to accelerated computing resources and more. By teaming up with NVIDIA, VinBrain is poised to transform HealthTech innovation in Southeast Asia, building on its previous successful collaborations with Microsoft and Stanford University.As a Premier member of NVIDIA… Continue reading @VINFAST: Vingroup : VinBrain becomes NVIDIA Inception Premier Member

Nippon Express (Belgium) Joins Pharma.Aero

TOKYO, March 15, 2023 /PRNewswire/ — Nippon Express (Belgium) N.V./S.A. (hereinafter “NX Belgium”), a group company of NIPPON EXPRESS HOLDINGS, INC., became the first Japanese forwarder to join Pharma.Aero (*) on January 25 this year. Pharma.Aero logo: https://kyodonewsprwire.jp/img/202303033576-O1-98z3VY1t NIPPON EXPRESS logo: https://kyodonewsprwire.jp/img/202303033576-O2-Liv03U6J The Nippon Express Group has positioned the pharmaceutical industry as a key industry in… Continue reading Nippon Express (Belgium) Joins Pharma.Aero

GM-Hyundai deal: Labour union warns of protests

GM said workers do not have any say in the transaction with Hyundai. New Delhi: Labour trouble is building up at the Talegaon plant (near Pune) of General Motors (GM) over talks to sell the facility to Hyundai, with a workers’ union threatening to carry out “massive protests” in case the acquirer does not hire… Continue reading GM-Hyundai deal: Labour union warns of protests

EVs accepted, but obstacles remain, says perception study

Low running cost and less maintenance are factors both commercial fleet operators and individual buyers find appealing about EVs for both commercial operations and personal use. Chennai: Several of those who have switched to electric vehicles are happy with the decision due to low fuel cost and less maintenance, but incidents of thermal runaway of… Continue reading EVs accepted, but obstacles remain, says perception study

China Jan-Feb refinery output up 3.3% on fuel policy, demand recovery

Crude throughput in the January-February period reached 116.07 million tonnes. Chinese refineries processed 3.3% more crude oil in the first two months of 2023 compared with a year earlier, data showed on Wednesday, spurred by fuel export policy and as independent refiners processed more in response to improving margins. Recovering domestic demand for gasoline and… Continue reading China Jan-Feb refinery output up 3.3% on fuel policy, demand recovery

German Handelsblatt: Auto industry: BMW expects a slight increase in deliveries – profit is likely to fall again006494

BMW i7 Electric cars are set to become increasingly important at BMW in the future. (Photo: IMAGO/TT) Despite special costs for a business in China, BMW expects a good performance in its core business this year. The Munich-based company wants to increase car deliveries slightly, as the Dax group announced on Wednesday. At BMW, this… Continue reading German Handelsblatt: Auto industry: BMW expects a slight increase in deliveries – profit is likely to fall again006494