Bloomberg The UK is set to create a 5 billion-pound ($7 billion) grant program to help businesses that have been hard hit by the pandemic. The ‘Restart’ program will mostly apply to retail, hospitality and leisure — the industries that have been impacted most by the series of lockdowns imposed in the last year. The plan will be announced on ...

Bloomberg Norway’s $1.3 trillion wealth fund, the world’s biggest, is handicapped in chasing its environmental, social and governance (ESG) investment goals by the political process, according to Global SWF. The lengthy decision-making that determines which asset classes Norway’s investing behemoth can buy puts it at a disadvantage compared with smaller money managers, “in particular” regarding ESG, according to Diego Lopez, ...

Bloomberg Jaguar Land Rover (JLR) will slash its manufacturing capacity by 25% over five years and write off investment in products it’s decided to scrap under new Chief Executive Officer Thierry Bollore. The British carmaker will take a non-cash charge of about 1 billion pounds ($1.4 billion) in the quarter ending in March related to higher previous spending and projects ...