View: India should head to London climate talks with a definitive plan of action

Climate change is manifesting itself across the world, whether through unprecedented wildfires in Australia, droughts in Sub-Saharan Africa, or winter freezes in Texas. By some counts, India is among the countries most threatened by climate change. It’s in our interest to listen to our climate activists and press for global action. While no country alone … Read more

European banks have been resilient during the Covid crisis, but still face 2 major challenges

People wearing face masks walks in Frankfurt am Main, western Germany, as the European Central Bank headquarter can be seen in the background. YANN SCHREIBER LONDON — European banks have seemingly weathered the coronavirus crisis well, but there are still some major challenges ahead that have the potential to rattle the sector. There’s been a … Read more

UK economy suffers biggest drop since 1709

LONDON: The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing. The economy shrank 9.9 per cent last year, more than twice the figure for 2009 at the height of the global financial crisis, the Office … Read more

SoftBank-backed Tier plans to charge its e-scooter batteries in local shops

LONDON – Tier, the Berlin mobility start-up backed by Japanese tech behemoth SoftBank, has a grand plan to keep its rental scooter batteries full of juice: power them in local stores. The company is planning to use some of the $250 million it raised from SoftBank and other investors last November to install battery charging … Read more

Global tax on tech giants now ‘highly likely,’ German minister says after Yellen call

LONDON — Silicon Valley tech firms look increasingly likely to face new global tax laws this year, as the change in the White House fuels optimism among European officials that an agreement will soon be reached. Speaking to CNBC’s Annette Weisbach on Thursday, German Finance Minister Olaf Scholz said it was now “highly likely” that … Read more

UBS posts 137% jump in fourth-quarter profit

The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich. Fabrice Coffrini | AFP | Getty Images LONDON — UBS, the world’s largest wealth manager, has reported net income of $1.71 billion for the fourth quarter of 2020, a 137% jump on the … Read more

Mega-rich have already recovered from pandemic losses — but it could take the poor a decade, Oxfam warns

A doctor collects a swab sample from a Covid-19 patient at his home on the eastern outskirts of Lima, on January 22, 2021. ERNESTO BENAVIDES | AFP | Getty Images LONDON — The 1,000 richest people on the planet recouped their losses caused by the coronavirus pandemic within nine months, according to estimates from Oxfam, … Read more

Saudi Arabia expects ‘excellent relations’ with new US administration under President Biden

LONDON | DUBAI: Saudi Arabia‘s foreign minister said on Saturday the kingdom was optimistic that it would have “excellent relations” with the new U.S. administration of President Joe Biden and that it would continue to negotiate with Washington regarding the Iran nuclear deal. “I am optimistic. Saudi Arabia has built solid, historical relations where it … Read more

Is your office Covid-secure? Free online tool can calculate risk of virus spreading in poorly-ventilated places – ET HealthWorld

LONDON: Researchers have developed a new online tool that can calculate the risk of Covid-19 transmission in poorly-ventilated places, showing that when two people are in such spaces and neither is wearing a mask, prolonged talking is far more likely to spread the novel coronavirus than a short cough. The research, published in the journal … Read more