Corporate governance - Vigil

One of Europe’s biggest carriers rebuffed a takeover proposal by a smaller rival, in the first publicly disclosed attempt at significant consolidation in the pandemic-ravaged airline industry.

Ford Motor is ending vehicle production in India, shutting down its two large plants there and terminating thousands of employees, as CEO Jim Farley restructures the automaker’s operations as part of a turnaround plan.

On September 5th the French oil major signed an agreement with the government of Iraq to invest $27bn there over 25 years.

Thinkific Labs Inc.’s initial public offering met with brisk investor demand, allowing the company to price its deal at the top end of its marketing range despite recent weakness in Canada’s technology IPO market.

Alberta’s teachers have won the right to maintain final say over investments made for their $19.3-billion pension plan in a deal that pre-empts a move by Premier Jason Kenney’s government to hand control over to the province’s fund manager.

The online financial conglomerate SBI Holdings has launched a potentially hostile $1.1bn stakebuilding exercise in Shinsei Bank, whose stunning private-equity rescue by JC Flowers 21 years ago reshaped the Japanese lending landscape. 

Filings for jobless benefits last week fell and reached a fresh pandemic low, extending a downward trend as employers hold onto workers despite the Delta variant of Covid-19.

The world’s largest money manager, BlackRock, has raised around $1 billion for a mutual fund for Chinese individuals, the first and only foreign firm allowed to do so in the country.

Microsoft is quadrupling its cybersecurity investment to $20 billion over the next five years.

The Bank of Canada released guidance for the first time on how it plans to eventually reduce monetary stimulus, saying it will first raise interest rates before curbing its holdings of government bonds.

The past decade has not been especially kind to investors in private equity. Since 2010 they have poured $8trn into buy-out funds. Yet the returns, net of fees, that these vehicles have delivered to their “limited partners” have been similar to America’s comparable stock index—with vastly more risk.

Inflation, it is often said, is a matter of too much money chasing too few goods. In many places that has been 2021 in a nutshell.

The European Central Bank will trim emergency bond purchases over the coming quarter, it said on Thursday, taking a first small step towards unwinding the emergency aid that has propped up the euro zone economy during the pandemic.

Property, infrastructure and farmland have their attractions. But they could prove victims of their own success

Energy Vault Inc. is combining with a blank-check company to go public in a merger that values the gravity-based energy-storage company at roughly $1.6 billion, the companies said.

Big investors are charging into startups touting experimental new battery technologies that would make it possible for renewable energy sources to produce most of the country’s electricity.

Coinbase Global Inc. was warned by the Securities and Exchange Commission against launching a product that would allow consumers to earn interest on their crypto holdings. 

The U.S. could get 37% of its electricity from solar power by 2035—and 44% by 2050—if the U.S. pursues an ambitious agenda to cut reliance on fossil fuels, the Energy Department said Wednesday.

A narrow majority of Canadians are open to paying more to help Canada cut its greenhouse gas emissions, according to a question in a new poll from Nanos Research.