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Barclays sets net zero carbon target for 2050

Bloomberg Barclays said it plans to cut its net greenhouse gas emissions to zero over the next 30 years and only provide finance to projects that align with the temperature reduction goals of the Paris climate accord. The London-based bank will put the proposal to go “net zero” by 2050 to shareholders for a vote at its annual general meeting ...

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China’s March factory outlook jumps as global threat looms

Bloomberg Chinese manufacturing activity rebounded strongly in March, signalling that the world’s second-largest economy is restarting just as it faces a growing threat from slumping external demand. For manufacturing, the official purchasing managers’ index rose to 52.0 this month, according to data released by the National Bureau of Statistics (NBS) on Tuesday. That’s up from a record low of 35.7 ...

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Lockdown forces Indian policy makers to embrace technology

Bloomberg India’s coronavirus response has unwittingly done away with the endless paperwork that has come to define bureaucracy, as electronic files replace physical records and technology makes in-person meetings redundant. The Finance Ministry is practicing the government’s 21-day social distancing order to prevent the spread of coronavirus by moving all communication online, while keeping minimum staff on roster to attend ...

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