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Scholz seals deal to become next German chancellor

Bloomberg Olaf Scholz is set to succeed Angela Merkel as German chancellor after forging an unprecedented alliance that aims to revamp Europe’s largest economy by tackling climate change and promoting digital technologies. After nearly two months of intense negotiations, Scholz’s center-left Social Democrats said they would present their agreement with the Greens and the pro-business Free Democrats. Details of the ...

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HSBC launches ESG indices that screen firms for biodiversity risk

Bloomberg Investors looking for ESG strategies have been handed a new group of indexes promising to focus on biodiversity by excluding companies that are found to pose a threat to nature. The Euronext ESG Biodiversity Screened Index series by HSBC Holdings, developed the product together with Euronext NV and Iceberg Data Lab SAS. The idea is to bring liquidity to ...

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Atom Bank moves to four-day work week without cutting pay

Bloomberg Atom Bank has moved to a four-day working week, one of the most dramatic flexible working policies introduced by a finance firm since the pandemic upended office norms. The UK fintech, which has 430 employees, moved to a four-day week, the digital lender said in a statement. Contractual working hours will be reduced by 3.5 hours to 34 hours ...

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