Business and Economy

Business and Economy Latest News

Governments vet crucial UN climate science report
Governments vet crucial UN climate science report
by  AFP

Diplomats from nearly 200 nations and top climate scientists began a week-long huddle in Switzerland on Monday to distil nearly a decade of published science into a 20-odd-page warning about the existential danger of global warming and what to do about it.

HSBC buys failed US bank SVB's UK arm for £1
HSBC buys failed US bank SVB's UK arm for £1
by  AFP

The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday. "Silicon Valley Bank (UK) Ltd has today been sold to HSBC," the government said in a statement, after frantic talks reportedly led by Prime Minister Rishi Sunak.

UAE's ADNOC Gas shares surge 25% in $2.5bn IPO
UAE's ADNOC Gas shares surge 25% in $2.5bn IPO
by  AFP

Shares in the United Arab Emirates' ADNOC Gas soared 25 percent in opening trade on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel. - 'Transition fuel' - ADNOC, the United Arab Emirates' key revenue-earner, retains a 90 percent stake in the subsidiary formed from its former gas processing, LNG and industrial gas units.

Energy

Money

Industry

Technology

Economy