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Norway’s $1.2tn wealth fund sets net-zero target for portfolio firms

Bloomberg Norway’s $1.2 trillion sovereign wealth fund will require the companies it invests in to reach net-zero emissions by 2050 at the latest, joining many global investors in setting such goals to prevent the financial risks from a “delayed transition.” Just 10% of companies in the wealth fund’s portfolio have a net-zero target for 2050, even as many have taken ...

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Apollo wades in where Amazon fears to tread

  After Amazon.com Inc, it’s the turn of Apollo Global Management Inc to wade into the jungle that’s corporate governance in India. It has sued a Mumbai-based warehousing firm in which it owns a large stake. The cause of the dispute vanished when the company dropped a controversial plan to sell its business. But the US shareholder, whose rejection of ...

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Facebook, beware as metaverse is flat

In a few weeks’ time, Mark Zuckerberg will announce a new virtual reality (VR) headset from Meta Platforms Inc. Embarrassingly, we already know what it will look like. A video of the purported device has been doing the rounds online after someone found one in a hotel room. Yet none of that should matter because whizzy VR headsets are becoming ...

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