April, 2022

• 19 April

  WGS report calls for building climate-resilient pathways

  

    DUBAI / WAM A report published by the World Government Summit Organisation (WGS), in partnership with the consultancy firm PricewaterhouseCoopers (PwC), has warned that the acceleration, complexity, and scale of climate change events will have a devastating impact on global development, stability, and prosperity. The document calls for building climate-resilient pathways to achieve equitable development, while meeting current and ...

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• 19 April

  Emissions-heavy steel giant in India plans switch to green debt

  

    Bloomberg India’s JSW Group, which runs emissions-heavy businesses including steel, cement and energy, plans to switch a majority of its bonds to green instruments as the industrial giant seeks access to longer-term borrowings. Raising debt overseas through green and sustainability-linked bond issues will allow the group led by tycoon Sajjan Jindal to almost double its tenure to 10 years, ...

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• 19 April

  Denmark to hike gas output to help Europe wean off Russia supply

  

    Bloomberg Denmark wants to temporarily increase its output of natural gas to help Europe wean itself off Russian energy. The Nordic country, which has pledged to stop production of fossil fuels, will start talks with the companies operating in its part of the North Sea and pledged to speed up administrative processes to allow more production, according to a ...

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• 19 April

  Quantum plans to export solar to Singapore

  

    Bloomberg Renewable energy developer Quantum Power Asia Pte agreed to advance a potential $5 billion plan to export clean electricity to Singapore as the city-state attempts to accelerate its use of renewables. Quantum and Berlin-based partner Ib Vogt GmbH aim to construct a 3.5 gigawatt solar facility and 12 gigawatt-hour battery storage facility across 4,000 hectares of land in ...

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• 19 April

  Centrists like Macron can fight rising populism

  

  French President Emmanuel Macron seems likely to defeat Marine Le Pen, leader of the populist-chauvinist National Rally, in the runoff election. That would be a relief — but what’s already happened in this race is disturbing regardless. Macron is essentially all that remains of the French political centre, which is destined to shrink until it finds a way to answer ...

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• 19 April

  Tokyo stocks need to take centre stage

  

  To wipe out superheroes, the villain of the Pixar movie “The Incredibles” had a fiendish plot: He would make them ubiquitous. “When everyone’s super,” the villain named Syndrome opined, “no one will be.” The Tokyo Stock Exchange (TSE) has no such diabolical goals. Yet it’s at risk of making Japan stocks just as irrelevant with its much-hyped but disappointing market ...

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• 19 April

  JPMorgan CEO’s subtle message to regulators

    Investors are used to hearing company executives on earnings calls and in presentations sugarcoat the performance of their business. So it’s surprising when there’s a straight-up admission that “despite our best efforts, the moats that protect this company are not particularly deep.” When the speaker is JPMorgan Chase & Co Chairman and Chief Executive Officer Jamie Dimon in his ...

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• 19 April

  Sri Lanka’s economic crisis needs political fix

    As negotiators from the International Monetary Fund try to hash out a bailout for Sri Lanka at talks in Washington this week, they’ll no doubt press the need for stringent economic reforms. Any such rescue will fail unless political changes are made, too. Politics helped bring about the country’s current crisis. An earlier government led by then-president Mahinda Rajapaksa ...

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• 19 April

  US consumers hang in there despite big bite from inflation

  

  Bloomberg The reports of retail sales and consumer sentiment offered a glimmer of optimism that Americans aren’t ready to pull back on spending en masse in the face of decades-high inflation. Granted, the 0.5% rise in March sales was dwarfed by an even bigger increase in inflation that shows real spending is softening after a stronger start to the year. ...

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• 19 April

  China Eastern Air resumes 737-800 flights after crash

  

  Bloomberg China Eastern Airlines Corp has resumed flights using the same type of plane that recently crashed in southern China, a sign it is working toward putting the entire fleet back in the air. A 737-800 jet flew from Kunming to Chengdu, according to flightradar24.com. Other planes of the same model made by Boeing Co have been used in what ...

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