Transparency of ESG investment ratings faces regulatory scrutiny

Market regulators set out a global framework on Tuesday to police environment, social and governance (ESG) investment ratings and help combat ‘greenwashing’ in the fast-growing, multi-trillion dollar sector. Regulators are cracking down on many aspects of ESG investing with basic rules to make it easier to punish greenwashing, where the environmental credentials of an investment […]

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Troubled by supply chain woes, German firms diversify and relocate – DIHK

More than half of German companies doing business abroad are suffering severe problems in their supply chains or logistics, pushing them to diversify suppliers, shorten delivery routes and even relocate their own production, a survey showed on Tuesday. The German economy has boomed on the back of globalisation over the past decade. But pandemic-related disruptions […]

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Kremlin committed to OPEC+ pledges, no plans to discuss oil-stock release with group

The Kremlin said on Tuesday that Russia remained committed to fulfilling its OPEC+ obligations and that President Vladimir Putin had no plans to contact OPEC+ partners despite talk of key consumer countries releasing their strategic oil reserves. The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday […]

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