AFP Norway’s sovereign wealth fund, the world’s biggest, has placed US group Duke Energy and three subsidiaries on its blacklist for causing “unacceptable” environmental damage, Norway’s central bank said on Wednesday. The fund, which is worth around $900 billion has sold its stakes in the companies in line with a recommendation from its Ethics Council in April. The Council ...

  Bloomberg UK Chancellor of the Exchequer Philip Hammond said he understands the risks posed to Britain’s financial industry by the vote to leave the European Union and the importance of limiting the fallout on banks. ”It is important Britain maintains its status as a great place for financial services,” Hammond said in a statement. “The government stands ready to ...

  AFP German auto giant Volkswagen (VW) and China’s Anhui Jianghuai Automobile are in talks to build electric cars together, the firms announced Wednesday, the latest possible tie-up in a burgeoning Chinese market for clean-energy vehicles. Volkswagen said the two carmakers had signed a memorandum of understanding at its Wolfsburg headquarters to explore the possibility of a joint venture focussed on ...