Bloomberg TotalEnergies SE has been warned by two UK shareholders that they would divest their stakes if the French company fails to exit its businesses in Russia. The Church of England Pensions Board and the Church Commissioners for England are turning up the heat on the energy major’s Chief Executive Officer Patrick Pouyanne, a sign of the pressure companies ...

  Bloomberg Spain plans to set temporary limits on power prices in the coming weeks, in one of the boldest attempts in Europe to stem a surge in energy costs that has forced industries to shut operations and furlough workers. Ecological Transition Minister Teresa Ribera said she is confident the European Council will give the green light to limits at ...

Bloomberg Swedish battery-maker Northvolt AB is building a new plant in northern Germany as European car manufacturers accelerate their shift to electric vehicles. The factory, dubbed “Northvolt Drei,” would produce 60-gigawatt hours of battery capacity annually, the company said. Northvolt expects it to produce its first lithium-ion batteries in 2025. The new plant in Germany will boost Northvolt’s overall battery-cell ...

As a young KGB officer stationed in Dresden, Vladimir Putin became fluent in German and went on to fancy himself quite the expert on his host culture. How ironic that decades later his actions have led to a turning point in German history that he won’t like, but the world should welcome. When Putin launched his unprovoked war of aggression ...

The recent surge in gasoline prices suggests we might see a reversal in consumers’ years-long shift towards trucks or sports-utility vehicles (SUV) back to more modest, fuel-efficient vehicles. But don’t expect automakers to go along. We’re not likely to have an adequate supply of the basic gasoline-powered family sedan ever again, thanks to the transition to electric vehicles, continuing supply ...

Perhaps the saying, “There is no such thing as bad publicity,” holds true for controversial technology companies. New York-based Clearview AI has been criticised by privacy advocates for years because of the way it has scraped billions of images from social-media networks to build a search engine for faces used by police departments. It was the subject of a New ...

  Let’s talk about presidenting during a crisis. A crisis, the late political scientist Nelson W Polsby used to say, is “a period where everybody believes that something must be done.” The Russian invasion of Ukraine certainly fits that definition — and it’s both an opportunity and a danger for a presidency. The opportunity side of it is captured in ...

  Bloomberg Oyo, the high-profile affordable lodging startup that filed for an initial public offering last year, is considering slashing its fundraising target by half or even shelving the debut, according to people familiar with the matter. Faced with headwinds including slumping stock markets, Oyo-operator Oravel Stays Ltd could clip its Indian IPO from the nearly $1 billion initially sought ...

  Bloomberg The initial public offering of FabIndia Ltd, a retailer of clothing and furniture inspired by traditional Indian crafts, is a natural fit for global investors focused on environmental, social and governance criteria, according to its chief financial officer. “We are ESG in the way we operate in terms of connecting the artisans, the farmers,” Gopal Mishra said in ...

Bloomberg Only half of Chinese aged 80 and older are fully vaccinated against Covid-19, highlighting a key vulnerability as the country grapples with its worst outbreak since Wuhan and the prospect of reopening to the world. About 51% of over 80-year-olds have received two shots and some 20% have gotten boosters, health officials told reporters at a briefing in Beijing. ...