Newsletter
Secondary Listing in Hong Kong helps Baidu raise capital
Chinese search engine giant Baidu announced that it will raise approximately HK $ 23.94 billion ($ 3.08 billion) on its upcoming Hong Kong secondary listing at a price of HK $ 252 per share. The internet giant plans to use a portion of the proceeds from the …
BP´s CEO is back to getting a big bonus
BP (NYSE: BP) Chief Executive Bernard Looney's compensation was £ 1.735 million ($ 2.4 million) in 2020 after cutting all bonuses during his first year in office due to the pandemic, the energy company said in its annual report. Looney's salary included £ 1.18 …
There might now be a Cannabis reform even in Poland
Here's the first thing you should know about the Polish cannabis discussion: People here go extreme ways to get cannabis when they are not opening a business. It sounds a lot like North America a few years ago. That includes going to jail. The country …
Former Blackrock executive sheds doubt on sustainable investments
A high-profile newspaper article by a former BlackRock Inc. (NYSE: BLK) manager challenged the value of sustainable investing in solving problems and prompted other industry analysts to defend the role of funds targeting environmental, social changes - and …
Burberry is designing Skins for Tencent
Honor of Kings, Tencent's video game, today announced a collaboration with fashion brand Burberry for new character skins. The two new skins were designed by Riccardo Tisci, Chief Creative Officer at Burberry, for the character Yao. Without giving an exact …
Oil struggles to regain positive momentum
Oil prices are struggling to regain their strong upward trajectory of the past four months as new Covid-19 lockdowns in Europe weigh on crude oil prices as they seek to rebound from the worst week since late October. The New York-traded West Texas …
Chevron aims at acquiring the remaining shares of Noble Midstream
Chevron Corporation (NYSE: CVX) and Noble Midstream Partners LP (NASDAQ: NBLX) have signed an all-stock deal. As part of this deal, Chevron will acquire the remainder of Noble's outstanding assets. The parties announced the agreement six months after Chevron …
Pot Arrests in Pennsylvania still high during Pandemic
Pennsylvania police made 20,200 arrests for marijuana possession in 2020 - a year marked by the coronavirus pandemic and the subsequent classification of cannabis businesses as essential services in many jurisdictions. Pennsylvania State Police arrest data …
Argonaut will be drilling for copper in South Australia despite protests
Mining company Argonaut Resources is preparing to begin drilling for copper on the shores of Lake Torrens in South Australia next week, it announced on Friday - against the declared will of local Aboriginal groups. The drilling for the Murdie project should …
Large Fashion Companies will not meet their sustainability goals
The 15 largest publicly traded fashion companies are lagging behind when it comes to meeting the social and environmental goals of the Paris Agreement and the UN Sustainable Development Goals, according to a new report from The Business of Fashion on Monday. …