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 Back in the 1990s, when I was a reporter in Japan, one of the…
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If Uber’s decision to take meals off the menu disappointed diners in Brazil, its main rival there must have been licking its lips. The Silicon Valley giant has exited from restaurant deliveries in Latin America’s largest economy after struggling to break the dominance of iFood, a homegrown app and the undisputed national leader. At the…
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The wave of shell company-led healthcare acquisitions has ebbed as valuations have dropped and financing has dried up. Special purpose acquisition companies experienced a meteoric rise in 2020, when more healthcare companies turned to these “blank check” companies as an alternative to executing their own initial public offerings. SPACs, which raise money through IPOs and…
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Goldman Sachs, which won applause from environmentalists for its 2019 pledge to curb fossil fuel financing, is under fire over a $150mn loan last week to Peabody Energy, the world’s biggest private sector coal producer. The deal, arranged to shore up Peabody’s derivatives positions amid the market turbulence triggered by Russia’s invasion of Ukraine, highlighted…
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US carmaker Ford is to expand its electric ambitions in Europe as it doubles its investments in Germany, installs a battery factory in Turkey and phases out all emissions from its vans by 2035. The announcements come a week after the group split its businesses into battery-powered vehicles and engine models, in a global restructuring…
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Shares in Paytm fell more than 13 per cent on Monday after India’s central bank barred a division of the payment group from signing up new customers in the latest setback for the company following its blockbuster initial public offering last year. The SoftBank-backed technology company founded by Vijay Shekhar Sharma was once a darling…
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In November, when bitcoin and Ethereum reached all-time highs, famous athletes, politicians, and regular people raced to join in on the excitement by announcing that they would convert a portion of their salaries into cryptocurrency. Their argument was that if you get paid in US dollars, as inflation increases, the value of your paycheck decreases.…
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Michael Collins relied on mainstream medicine to manage his type 2 diabetes for nearly 20 years — during which time he became morbidly obese as the illness became severe and increasingly uncontrolled. “My doctor would tell me to lose weight. I tried every diet and nothing worked.” The drugs he was prescribed to control his…
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Billionaire hedge fund founder Sir Christopher Hohn expects the greatest “demand disruption” for oil since the 1970s shock to trigger a surge in renewable energy investment. The activist investor, whose TCI Fund Management has more than $40bn in assets, said high oil prices are “a positive thing” for the climate as the energy crisis prompts…
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