Exclusive: World Bank, IMF eye ways to link debt relief to climate change spending

© Reuters. FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings By Andrea Shalal WASHINGTON (Reuters) – The World Bank and the International Monetary Fund are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader […]

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Exclusive: Top investors to call for improved working conditions in care homes

© Reuters. Coronavirus disease (COVID-19) vaccination in France By Elizabeth Howcroft LONDON (Reuters) – A group of investors managing a collective $ 3 trillion in assets will call on operators of nursing homes to improve pay and working standards for care workers, noting the “devastating outcomes” of the COVID-19 pandemic on the industry. Aviva (LON:) […]

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Exclusive: India will not extend 2022 deadline for tighter fuel efficiency rules for carmakers

© Reuters. FILE PHOTO: Traffic moves on a smoggy morning in New Delhi By Aftab Ahmed and Aditi Shah NEW DELHI (Reuters) – India will not extend an April 2022 deadline to tighten fuel efficiency standards, in a potential setback for carmakers which are lobbying for more time, government and industry sources told Reuters. The […]

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Exclusive: GM further cuts production in North America due to global chip shortage

© Reuters. Logo of GM atop the company headquarters DETROIT (Reuters) – General Motors Co (NYSE:) extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector. The U.S. automaker said its Wentzville, Missouri, assembly plant would be idled during the weeks beginning March 29 […]

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Exclusive: Venezuelan ministers were informed of deal ‘Citgo Six’ were jailed for, documents show

2/2 © Reuters. FILE PHOTO: The logo of PDVSA’s U.S. unit Citgo Petroleum is seen at a gas station in Stowell 2/2 By Luc Cohen (Reuters) – Six executives of U.S. refiner Citgo have been jailed in Caracas on graft charges since 2017, but court documents seen by Reuters show that top Venezuelan officials were […]

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Exclusive: U.S. agency probes Facebook for ‘systemic’ racial bias in hiring, promotions

© Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration By Paresh Dave (Reuters) – A U.S. agency investigating Facebook Inc (NASDAQ:) for racial bias in hiring and promotions has designated the probe as “systemic,” attorneys for three job applicants and a manager who claim the company discriminated […]

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Exclusive: Chinese banks, Australia’s Macquarie tiptoe into Asian oil finance void

© Reuters. FILE PHOTO: An oil tanker is pictured in the waters off Tuas in Singapore By Chen Aizhu SINGAPORE (Reuters) – Chinese national banks and Australia’s Macquarie Group (OTC:) are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults […]

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Exclusive: Kuwait plans to shorten oil supply deals for some Asian buyers – sources

© Reuters. FILE PHOTO: A worker rides a bicycle at the Bharat Petroleum Corporation refinery in Mumbai By Nidhi Verma NEW DELHI (Reuters) – Oil producer Kuwait Petroleum Corp (KPC) is in talks to shorten its annual supply deals with some customers in India and Japan to nine months this year to meet demand from […]

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Exclusive: Kraft Heinz, Conagra may raise some product prices as grains, edible oil costs surge

2/2 © Reuters. FILE PHOTO: Heinz tomato ketchup is show on display during a preview of a new Walmart Super Center prior to its opening in Compton, California 2/2 By Richa Naidu and Siddharth Cavale CHICAGO (Reuters) – Kraft Heinz (NASDAQ:) Co and Conagra Brands (NYSE:) Inc said they may choose to raise prices this […]

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Exclusive: U.S. FAA chief orders ‘zero tolerance’ for disruptive airline passengers, possibly jail

2/2 © Reuters. FILE PHOTO: Federal Aviation Administration Administrator Steve Dickson speaks at a pre-launch news conference as a SpaceX Falcon 9 rocket is readied in Cape Canaveral 2/2 By David Shepardson WASHINGTON (Reuters) – U.S. Federal Aviation Administration chief Steve Dickson signed an order on Wednesday directing the agency to take a “zero tolerance […]

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