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G7 urges Opec to boost output to cool oil market

G7 energy ministers have called on the Opec group of oil-producing countries to pump more oil as Russia’s war in Ukraine pushes crude prices to their highest levels in a decade. The call was contained in the final communique of a meeting of G7 energy and environment ministers in Germany, which holds the rotating presidency…
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27 May 2022 0

Vanessa Nakate: Africa needs climate grants, not loans

This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Since its inception, the World Economic Forum here in Davos has been widely seen…
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27 May 2022 0

Sony accelerates push into car sector in diversification drive

Sony expects to supply imaging sensors to 15 of the world’s top 20 global automakers by 2025, underscoring the company’s ambitions for electric vehicles and autonomous driving as it tries to diversify beyond mobile phones. The Japanese conglomerate flagged its intention to accelerate a push into the auto industry in 2020 when it unveiled a…
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27 May 2022 0

Alt Lending Week ended 27th May 2022

HSBC suspends banker over Nutjob climate change comments Stuart Kirk certainly made some injudicious comments about climate change but why suspend him when what he said was common sense. I am not a climate change zealot but that does not mean that I don’t believe in climate change. I just have faith that technology will…
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27 May 2022 0

Xiaomi battles law enforcement and competition in India

As the managing director who brought smartphone vendor Xiaomi to India in 2014, Manu Kumar Jain was the face of the Chinese-owned company. He even danced in its ad campaigns. Under Jain, Xiaomi’s rise was swift. It jumped from 6 per cent of India’s smartphone market in 2016 to 27 per cent three years later,…
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27 May 2022 0

Hope of sustainable fuel leads F1’s efforts to tackle climate change

You could be forgiven for thinking that gas-guzzling, high-living Formula One would have to be dragged kicking and screaming towards net zero emissions targets. But for the high-performance engineers who are the backbone of the sport, the climate challenge is an irresistible problem to solve. “It is a daunting task because we are exploring frontiers…
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27 May 2022 0