Bloomberg A marketing vice president at Starbucks Corp. is leaving the company, continuing an exodus of executives since Howard Schultz returned to the helm. Jen Quotson, vice president of creative studios at Starbucks, is departing the coffee chain after 14 years. She spent more than eight years in her most recent role, according to her LinkedIn profile. A company ...

  Bloomberg The value of the voluntary carbon market that allows polluters to buy credits to offset emissions is set to grow fivefold by 2030, after expanding at a record pace over the past two years, according to Shell Plc. The global voluntary market is expected to increase from an estimated value of $2 billion in 2021, Shell said in ...

  Bloomberg BHP Group Ltd., the world’s biggest miner, reported record iron ore production for its fiscal first half, predicting China would drive commodity demand in 2023 as the country opens up. The Melbourne-based miner produced 132 million tons of the steelmaking material in the six months to December 31, 2022. The record was achieved through a strong supply-chain performance, ...

  Bloomberg Companies hoping to build wind farms off the coast of the UK have started to pay the more than $1 billion in annual fees for access to sections of empty sea, starting a race to build the projects as quickly as possible and generate clean electricity. The Crown Estate, which manages the seabed around England and Wales, signed ...

  Bloomberg European natural gas prices declined as ample inventories and tanker-borne fuel help offset lower supplies from Russia. Benchmark futures fell as much 5.6% after gaining as much as 6.3%. Russian flows via Ukraine slumped further while cold weather swept across the continent, boosting demand for the fuel used in heating and accelerating withdrawals from storage sites. The region ...

  Bloomberg The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted A/S, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment. Orsted is the world’s largest developer of offshore wind farms, which it helped pioneer from a niche technology into one ...

Bloomberg The Netherlands and Japan, home to key suppliers of semiconductor manufacturing equipment, are close to joining a Biden administration-led effort to restrict exports of the technology to China and hobble its push into the chips industry. The Dutch and Japanese export controls may be agreed to and finalized as soon as the end of January, according to people familiar ...

  Bloomberg The number of people searching for lodgers to stay in their spare rooms has spiked, as living costs in Britain remain stubbornly high. Homeowners advertising empty bedrooms for rent on the website SpareRoom spiked in January, hitting the highest levels since the summer of 2020 when pent-up demand was unleashed by loosening Covid restrictions. The company said that ...

  Bloomberg Holcim Ltd. Chief Executive Officer Jan Jenisch said he’s looking to continue an acquisition drive at the Swiss building material maker as he pivots away from traditional cement. Jenisch said in an interview this week that Holcim has “the strongest balance sheet ever, which opens up many opportunities for continued acquisitions and investments.” The CEO said the company ...

  Bloomberg UK employers unleashed a hiring spree at the start of 2023 even as consumer confidence about the economy stalled, two separate surveys showed. There were more than 184,000 new job advertisements in the first week of January, up by a quarter on the same period a year ago, according to the Recruitment & Employment Confederation. The market research ...