Sphere Entertainment stock soars 11% after Las Vegas venue opening
Sphere Entertainment’s stock jumped after the company opened its newest venue in Las Vegas over the weekend.
Climate target walk-backs highlight ‘overzealous’ policy pledges, OPEC chief says
The recent spate of countries postponing or adjusting their climate targets shows that some of the initial pledges were ‘overzealous,’ OPEC’s head said.
British Finance Minister Jeremy Hunt rules out short-term tax cuts
U.K. Finance Minister Jeremy Hunt on Monday ruled out tax cuts in the short-term, arguing that to reduce them now would be inflationary.
Bill Ackman says the economy is starting to slow and the Fed is likely done hiking
Pershing Square’s Bill Ackman on Monday sounded alarms on the economy, which he believes has begun to decelerate on the back of aggressive rate hikes.
Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations
Billionaire LVMH CEO Bernard Arnault has hit back at “absurd and unfounded” allegations of money laundering.
Money managers are shifting their attitude to ESG as ‘realism’ sets in, says S&P’s Dan Yergin
“If you’re in a money management business, you do need returns,” said S&P Global’s Vice Chairman Dan Yergin.
‘We are not in the business of ice cream’: Big Oil CEOs defend themselves against climate criticism
Big Oil, on the back of record profits last year, has been accused of dialing back critically important climate pledges in recent months.
Germany’s Birkenstock targets $9.2 billion valuation in New York IPO
Birkenstock, the German premium footwear brand, said on Monday it was seeking to raise up to $1.58 billion in its initial public offering in New York.
Nobel in medicine goes to 2 scientists whose work enabled creation of mRNA vaccines against Covid
Two scientists won the Nobel Prize in medicine on Monday for discoveries that enabled the development of mRNA vaccines against COVID-19.
Indonesia launches China-backed ‘Whoosh’ high-speed railway
Indonesian President Joko Widodo on Monday inaugurated a $7.3 billion high-speed railway connecting the country’s capital Jakarta with the city of Bandung.
