BD, one of the world’s largest manufacturers of medical products, has said it is optimistic the pandemic is coming “under control” but warned inflationary pressures will continue for up to two years and prices are unlikely to return to pre-Covid levels. Thomas Polen, BD chief executive, told the Financial Times prices for some raw materials…
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The government on Friday directed nursing homes to open their doors wide to visitors, easing many remaining pandemic restrictions while urging residents, families and facility staff to keep their guard up against outbreaks. The new guidance from the Centers for Medicare and Medicaid Services instructs nursing homes to allow visits at all times for all…
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A federal court declined Friday to lift its stay on the Biden administration’s vaccine mandate for businesses with 100 or more workers. The New Orleans-based 5th U.S. Circuit Court of Appeals granted an emergency stay last Saturday of the requirement by the federal Occupational Safety and Health Administration that those workers be vaccinated by Jan.…
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China’s internet regulator released draft rules on Sunday that would require companies listing in Hong Kong to undergo a cyber security review if the share sale could implicate national security, threatening a recent shift by tech groups to the territory. The Cyberspace Administration of China, the country’s powerful data watchdog, announced in July that it…
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The Cyberspace Administration of China released draft rules on Sunday that would require firms to undergo a cyber security review before going public in Hong Kong if it implicates national security, threatening a recent shift as internet companies seek to list in the territory. The powerful data watchdog launched a probe into Didi Chuxing for…
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Business groups joined climate activists in expressing frustration that national governments were not moving aggressively enough to tackle climate change, after the COP26 agreement was watered down in the final minutes. Nearly 200 countries at the climate summit in Glasgow reached a deal late on Saturday night, and agreed on the rules for implementing the…
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The sweat beaded on COP26 president Alok Sharma’s forehead after last-minute word changes insisted on by India and China, but nearly 200 countries still agreed to a climate deal to avoid the worst effects of global warming even though it stopped short of reaching the Paris accord goals. At a time of mounting public frustration…
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The COP26 climate summit in Glasgow succeeded in getting 197 countries to agree new rules on limiting greenhouse gas emissions, but last-minute objections from India and China stymied a commitment to end coal use and fossil fuel subsidies. Conference president Alok Sharma fought back tears in the final minutes as he apologised to other ministers…
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The greening of Schneider Electric started in 2005. The French electrical equipment group announced it would review its “social and environment performance” and set up a “planet and society barometer”. In 2008 it even rebranded itself in lurid green. “If you measure it, it happens,” Jean-Pascal Tricoire explained to Les Echos, the French business newspaper,…
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Funds raised by technology start-ups’ public listings in mainland China are on track for the first annual drop in seven years as Beijing’s crackdown on the lucrative sector sends investors in search of alternative markets. Initial public offerings by tech companies on mainland China’s stock exchanges have raised about $14bn in 2021, according to data…
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