European companies bad at green investments
The majority of European companies spend less than a quarter of their capital expenditure on transitioning to a carbon-neutral economy. This is shown by a survey from the non-profit organization CDP.
Paradoxically, a third of the companies, and over half of the companies in sectors with high emissions, believe that access to capital is a major obstacle in the work to reduce carbon dioxide emissions.
"The commercial business models are still underdeveloped. In many sectors, government policies have not yet changed the economic landscape enough to favor greener products and services," CDP writes.
One of the problems is considered to be insufficient development of low-carbon product lines and technologies. At the same time, a dilemma also arises where the companies need support from financial institutions, but the financial market requires proof that the initiatives are financially sustainable.
The majority of European companies spend less than a quarter of their capital expenditure on transitioning to a carbon-neutral economy. This is shown by a survey from the non-profit organization CDP.
Paradoxically, a third of the companies, and over half of the companies in sectors with high emissions, believe that access to capital is a major obstacle in the work to reduce carbon dioxide emissions.
"The commercial business models are still underdeveloped. In many sectors, government policies have not yet changed the economic landscape enough to favor greener products and services," CDP writes.
One of the problems is considered to be insufficient development of low-carbon product lines and technologies. At the same time, a dilemma also arises where the companies need support from financial institutions, but the financial market requires proof that the initiatives are financially sustainable.
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Swedish inflation
KI: The economy bottoms out this year - there will be four interest rate cuts
The recession bottoms out this year and towards the end of the year the economic recovery begins. That's what the Norwegian Economic Institute writes in a new forecast.
"Inflation has fallen back quickly recently and the decline will continue in 2024. Measured by CPIF, inflation will reach 1.2 percent at the end of the year. The Riksbank will therefore initiate a series of interest rate cuts in June," writes the authority.
The policy rate is expected to be lowered in four steps from today's 4 percent to 3 percent towards the end of the year. After that, it is expected to continue down to 2.25 percent in 2025.
According to KI's assessment, it will take until 2026 before the recession is over.
KI: The economy bottoms out this year - there will be four interest rate cuts
The recession bottoms out this year and towards the end of the year the economic recovery begins. That's what the Norwegian Economic Institute writes in a new forecast.
"Inflation has fallen back quickly recently and the decline will continue in 2024. Measured by CPIF, inflation will reach 1.2 percent at the end of the year. The Riksbank will therefore initiate a series of interest rate cuts in June," writes the authority.
The policy rate is expected to be lowered in four steps from today's 4 percent to 3 percent towards the end of the year. After that, it is expected to continue down to 2.25 percent in 2025.
According to KI's assessment, it will take until 2026 before the recession is over.
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The problems with the Boeing plan
Experts: "Massive challenge" awaits Boeing's next CEO
Boeing's outgoing CEO David Calhoun was brought in to clean up the plane maker's problems, but the crisis won't end when he leaves, writes the WSJ.
- The new CEO will have a huge job, says Bill George, who has written case studies about the company's challenges.
He believes that it is important to find a successor quickly because decision-making can be paralyzed by a long transition period.
At the same time, chief advisors say that it is well thought out to let David Calhoun leave Boeing only at the turn of the year: On the one hand, you buy yourself time to find the right person, and on the other hand, Calhoun can take the blame if there are more incidents instead of a new ability.
Boeing announced yesterday that CEO and Chairman Larry Kellner is stepping down in the wake of the 737 Max crisis.
Experts: "Massive challenge" awaits Boeing's next CEO
Boeing's outgoing CEO David Calhoun was brought in to clean up the plane maker's problems, but the crisis won't end when he leaves, writes the WSJ.
- The new CEO will have a huge job, says Bill George, who has written case studies about the company's challenges.
He believes that it is important to find a successor quickly because decision-making can be paralyzed by a long transition period.
At the same time, chief advisors say that it is well thought out to let David Calhoun leave Boeing only at the turn of the year: On the one hand, you buy yourself time to find the right person, and on the other hand, Calhoun can take the blame if there are more incidents instead of a new ability.
Boeing announced yesterday that CEO and Chairman Larry Kellner is stepping down in the wake of the 737 Max crisis.
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Details: The founder makes a billion bid for Wework
Weworks founder and former CEO Adam Neumann has come up with an offer of more than 500 million dollars, equivalent to 5.7 billion kroner, for the office lessor's bankruptcy estate. WSJ writes with reference to sources.
Neumann, who was fired from Wework five years ago, has been trying to regain control of the company for some time.
It is not known how Neumann intended to finance a possible investment, according to the newspaper's sources.
At its peak, the company was valued at $47 billion.
Weworks founder and former CEO Adam Neumann has come up with an offer of more than 500 million dollars, equivalent to 5.7 billion kroner, for the office lessor's bankruptcy estate. WSJ writes with reference to sources.
Neumann, who was fired from Wework five years ago, has been trying to regain control of the company for some time.
It is not known how Neumann intended to finance a possible investment, according to the newspaper's sources.
At its peak, the company was valued at $47 billion.
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Historic agreement: Card giants are forced to lower fees
Credit card giants Visa and Mastercard have been in an ongoing legal battle over card fees for nearly 20 years but have now reached a settlement with representatives of the retail trade in the United States, several media outlets are reporting.
The card giants must lower the payment fees over a five-year period and thereby save the retailers expenses of just over SEK 300 billion. In addition, the shops must be able to charge different amounts from customers depending on which card they use, writes the Financial Times.
A court must approve the settlement before it takes effect.
Visa and Mastercard's shares rise just over 1 percent.
Historic agreement: Card giants are forced to lower fees
Credit card giants Visa and Mastercard have been in an ongoing legal battle over card fees for nearly 20 years but have now reached a settlement with representatives of the retail trade in the United States, several media outlets are reporting.
The card giants must lower the payment fees over a five-year period and thereby save the retailers expenses of just over SEK 300 billion. In addition, the shops must be able to charge different amounts from customers depending on which card they use, writes the Financial Times.
A court must approve the settlement before it takes effect.
Visa and Mastercard's shares rise just over 1 percent.
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