Carbon leakage through firms’ supply chain adaptation
By increasing the cost of using fossil fuels, carbon taxes should incentivise substitution toward cleaner energy. In practice, firms may shift production and emissions across
Heterogeneous firm upgrading and energy intensity
Energy intensity and efficiency are at the core of the green transition. Using a new firm-level complexity index, this column shows that product upgrading and
Italy demands full disclosure from UniCredit over BPM bid, sources say
Italy wants UniCredit to disclose full terms of its proposed takeover of smaller rival Banco BPM under “golden power” rules EU governments can use to screen investments
Starbucks largely loses appeal over baristas’ firing in NLRB case
A federal appeals court on Friday largely rejected Starbucks appeal of a National Labor Relations Board finding the coffee chain illegally fired two Philadelphia baristas
Wall St finishes down after sell-off at end of strong holiday-shortened week
Wall Street’s holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks
China to cut import tariffs on some recycled copper and aluminium raw materials
China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday. The Ministry
Bezos’ Blue Origin gets FAA license for its first New Glenn rocket launch
The Federal Aviation Administration said on Friday that it has issued a commercial space launch license for Blue Origin’s — Jeff Bezos’ rocket company —
Stocks drop in thin year-end trade amid tax selling, profit taking
Tech and growth stocks dragged Wall Street’s main indexes lower on Friday, at the end of an upbeat holiday-shortened week that was driven by expectations
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead
Duke Energy files to recover $1.1 bln in hurricane costs
U.S.-based utility Duke Energy said on Friday it had filed a plan with the Florida Public Service Commission (FPSC) to recover about $1.1 billion in direct
