Investment bank UBS concludes that to reach net zero, the world may start to impose restrictions on new fossil fuel investment. Not complete restrictions and not overnight, but enough to reduce cumulative fossil capex by about $10 trillion from now to 2050, or about 2/3 of what we would expect to invest at the current run rate.
Bernstein Liebhard, an investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Wirecard AG.
Wirecard AG fell the most since February in Frankfurt after a news report said it found repeated questionable accounting practices at the German payments firm.
Sabine Lautenschläger, Member of the Executive Board and Governing Council of the European Central Bank (ECB), informed President Mario Draghi that she will resign from her position.
Some WeWork board members, including officials tied to SoftBank Group Corp, are planning to try to push Adam Neumann to step down as chief executive.
Poland’s ambassador to the UK has written to 800,000 Poles advising them to “seriously consider” returning home. He said he was surprised that many Polish citizens had problems to settle their status in the UK.
Austria’s parlament has voted to stop the EU free trade deal Mercosur with Latin America. The decision obliges the Austrian government to stop the deal in Brussels with a veto.
Sterling headed towards six-week highs against the dollar on Tuesday as investors continued to cut their short positions, even as Prime Minister Boris Johnson stuck to his pledge to take Britain out of the European Union by Oct. 31.
DB Cargo sees the Eurasian region as an attractive market. Due to its broad positioning, the company is growing faster than the market.
Unregulated British firm Financial.org has closed down, according to a notice on its website, and four investors said their accounts had been frozen.