Global watchdog to tackle greenwashing with ESG ratings guidance

A global securities watchdog plans to publish its first regulatory guidance for firms that rate corporate environment, social and governance (ESG) performance. A global securities watchdog plans to publish its first regulatory guidance for raters of corporate environmental, social and governance (ESG) performance in July to stem growing concern among asset managers about overstated green […]

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Brazil probes vaccine contract with India’s Bharat Biotech

Prosecutors cite the drug’s high price, speedy talks and pending regulatory approvals as red flags for the contract. Brazilian federal prosecutors have opened an investigation into a contract worth 1.6 billion reals ($320m) for 20 million doses of a COVID-19 vaccine made by India’s Bharat Biotech, according to a document seen by Reuters. The prosecutor-general’s […]

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Engine No. 1 wants passive investors to VOTE with their wallets

Impact investor group Engine No 1, fresh off its climate victory over Big Oil, is gearing up to launch its first EFT under the ticker VOTE, which aims to encourage better corporate behaviour through shareholder voting rights. Not content with roiling a major oil company and sending shock waves through the market, Engine No. 1 is looking to […]

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Look out below: Bitcoin falls through $30,000

The Bitcoin selloff continued on Tuesday, with the world’s largest cryptocurrency sinking below $30,000 for the first time since January. By Vildana HajricBloomberg Bitcoin’s decline amid a crypto crackdown from China has pushed it below $30,000 for the first time since January, nearly pulverizing its entire 2021 gain. The original cryptocurrency has lost more than 50% […]

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Bitcoin forms ‘death cross’, hinting at more pain to come

Its average price over the last 50 days has fallen below that of its 200-day moving average, a sign of impending losses. After a slew of news related to renewed crackdowns from China triggered a Bitcoin selloff, chartists and analysts are turning to a sinister-sounding technical signal. The original cryptocurrency has formed a death cross, […]

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EU launches probe into Google’s conduct in digital ad tech sector

A formal investigation launch by the European Union looks into whether Google violated the bloc’s competition rules by favouring its own online display advertising technology services. European Union regulators have launched a fresh antitrust investigation of Google, this time over whether the United States tech giant is stifling competition in digital advertising technology. The European […]

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US SEC probing clients of SolarWinds over cyber-breach: Report

SEC is concerned some listed firms may not have disclosed the cyber-hacks in December, in breach of law, Reuters said. The US Securities and Exchange Commission (SEC) has opened a probe into last year’s SolarWinds cyber-breach, focusing on whether some companies failed to disclose that they had been affected by the unprecedented hack, Reuters reported […]

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