Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls  bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more

Activists aggravate art insurers’ climate headache

Activists aggravate art insurers’ climate headache

Concern other groups could join in attacks Some insurers only cover works behind glass Inflation will also drive premiums higher Flood and fire damage risk add further pressure LONDON, Nov 25 (Reuters) – Climate activists’ attacks on some of the world’s most precious paintings have added to insurers’ worries about the threat to art from … Read more

Trump snubs Twitter after Musk announces reactivation of ex-president’s account

Trump snubs Twitter after Musk announces reactivation of ex-president’s account

Nov 19 (Reuters) – Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk. Slightly over 15 million … Read more

Elon Musk starts Twitter poll on whether to bring back Trump

Elon Musk starts Twitter poll on whether to bring back Trump

Nov 18 (Reuters) – Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former U.S. President Donald Trump’s account on the platform, with early results showing roughly 60% voting yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly means meaning “the voice of the … Read more

Musk’s all-nighters at Twitter raise concern for Tesla investors

Musk’s all-nighters at Twitter raise concern for Tesla investors

SAN FRANCISCO, Nov 15 (Reuters) – In 2018, Elon Musk was working through the night and sleeping at Tesla Inc’s (TSLA.O) factories in California and Nevada as the company struggled to ramp up production of the Model 3. On Monday, Musk said he had worked through the night at Twitter’s San Francisco headquarters and would … Read more

Elon Musk trial opens to decide fate of his $56 billion Tesla pay

Elon Musk trial opens to decide fate of his  billion Tesla pay

WILMINGTON, Del, Nov 14 (Reuters) – A trial opened Monday over shareholder allegations that Tesla Inc Chief Executive Elon Musk’s $56 billion pay package was rigged with easy performance targets and that investors were duped into approving it, with Musk slated to take the stand later this week. A Tesla (TSLA.O) shareholder hopes to prove … Read more

FTX founder Sam Bankman-Fried says he is in the Bahamas

FTX founder Sam Bankman-Fried says he is in the Bahamas

NEW YORK, Nov 12 (Reuters) – FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America after the exchange filed for bankruptcy and he was removed as chief executive. When asked by Reuters whether he had flown to Argentina, Bankman-Fried … Read more

EXCLUSIVE At least $1 billion of client funds missing at failed crypto firm FTX – sources

EXCLUSIVE At least  billion of client funds missing at failed crypto firm FTX – sources

FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda – sources Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda – sources Spreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sources Executives set up book-keeping “back door” that thwarted red flags … Read more

Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns

Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns

Nov 11 (Reuters) – More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from China’s Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The level of seizures, which has … Read more

COP27: Polluters must pay for climate change, poor nations tell rich

COP27: Polluters must pay for climate change, poor nations tell rich

Island nations call for global carbon tax ‘While they are profiting, the planet is burning’ Fears grow for jailed hunger striker in Egypt SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) – Leaders from poor countries criticized wealthy governments and oil companies for driving global warming, using their speeches on Tuesday at the COP27 climate summit in … Read more