Bloomberg Boston-based startup Sublime Systems has raised $40 million to develop a new technology to produce low-carbon cement. The cement industry contributes as much as 8% to global emissions of planet-warming carbon dioxide. Meeting global climate goals under the Paris Agreement would require reducing that to zero within decades. However, cement has proven to be one of the more difficult ...

  Bloomberg Investors’ sentiment for the German economy jumps to the highest level in almost a year, the latest evidence that confidence is building as a squeeze from soaring energy prices eases. The ZEW institute’s gauge of expectations rose to 16.9 in January from -23.3 in the previous month — better than any estimate in a Bloomberg survey of 27 ...

  Bloomberg Adler Group SA said it had commissioned a review of 800,000 documents originally withheld from its forensic audit and found no evidence of related-party deals. The German landlord said the review conducted by a law firm was investigating whether there was anything incriminating in the emails, calender entries and documents that had been withheld from KPMG’s probe, according ...

  Bloomberg The UK has become the third-most important country in the world for chief executives trying to expand their businesses, according to a prominent survey, the first time it has broken into the top three. The 26th annual poll of business leaders conducted by PricewaterhouseCoopers LLP found that the UK was behind only the US and China, and equal ...

Bloomberg The Pentagon is struggling to get China to resume military-to-military talks, according to a senior US defense official, underscoring continuing tensions between the two sides despite last year’s meeting between Presidents Joe Biden and Xi Jinping. China cut off talks with the US on military, climate change and other issues after then-House Speaker Nancy Pelosi’s visit to Taiwan in ...

  Bloomberg Indians view the US as the biggest military threat after China and place greater blame on Nato and Washington than on Vladimir Putin for his war in Ukraine, according to a new survey. Some 43% of the 1,000 respondents perceived China — with whom India has a long-lingering border dispute and has seen tensions flare again since 2020 ...

Bloomberg Russia will create new commands near Europe as it expands its military to 1.5 million people amid deepening tensions with the US and its allies over the Kremlin’s invasion of Ukraine. New structures in the regions around Moscow, St. Petersburg and Karelia on the border with Finland will be created under the program, Defense Minister Sergei Shoigu told commanders ...

Bloomberg Chancellor Olaf Scholz has put forth Boris Pistorius to be Germany’s new defense minister, filling a critical role in his cabinet after Christine Lambrecht resigned on Monday following a series of missteps. In a statement, Scholz praised Pistorius’s “strength and calmness,” and singled out his experience with defense policy. The 62-year-old is a veteran Social Democrat who has served ...

  Bloomberg Citigroup Inc and Bank of America Corp (BofA) have done more to support the expansion of fossil-fuel companies than any other lenders claiming to target net-zero financed emissions, according to a new analysis comparing industry pledges to action. The Wall Street firms, which joined the Net Zero Banking Alliance when it was founded in April 2021, have since ...

  Bloomberg Somalia’s central bank aims to replace the only high-value currency note still in use by next year to deal with counterfeit bills, excess cash in circulation and inflation. The redesigned 1,000-shilling notes will replace those printed before the civil war broke out in 1991, central bank Deputy Governor Ali Yasin Wardheere said in an interview in Mogadishu, the ...