UBS hardens energy lending as ‘sustainable’ investments rise
Switzerland’s UBS said the value of its ‘sustainable’ investments rose by more than 50% to nearly $500 billion in 2019, while lending to the energy and utilities sectors fell by 40% as it tightened its rules.
Oil prices climb ahead of OPEC meeting to discuss supply cuts
Oil prices climbed higher on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
British regional airline Flybe collapses after coronavirus blow
British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the struggling carrier the industry’s first big casualty of the coronavirus outbreak.
ProSieben’s e-commerce arm buys Meet Group for $500 million
ProSiebenSat.1 Media said on Thursday its e-commerce arm NuCom would buy U.S. dating app developer Meet Group Inc , as the German broadcaster doubles down on digital growth to offset its declining commercial TV franchise.
Facebook confirms contractor in Seattle diagnosed with coronavirus
Facebook Inc on Thursday confirmed that a contractor at a Seattle office has been diagnosed with the coronavirus and the social media giant said it would close that location until March 9.
Hugo Boss sees coronavirus hit to sales spreading from Asia
German fashion house Hugo Boss warned on Thursday that the coronavirus will have a significant impact on its first-quarter results, with sales falling particularly in Asia, but also in other key markets.
Apple, Netflix pull out of South by Southwest festival amid coronavirus outbreak
Apple Inc and Netflix Inc said they were pulling out of the South by Southwest music and tech festival to be held later this month, amid the coronavirus outbreak.
Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts
Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
British regional airline Flybe says enters into administration
British regional airline Flybe said early on Thursday it entered into administration, as the already struggling carrier failed to withstand the plunge in travel demand caused by coronavirus.
Exclusive: Mexican private sector pitches $92 billion in energy investment – document
Mexico’s private sector has drawn up a broad package of proposed energy investments for the government worth almost $92 billion, according to a document seen by Reuters on Wednesday, providing a potential lift to the country’s misfiring economy.
