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Boris Johnson’s carbon-cutting ambitions tested by cost of living crisis

Boris Johnson is pressing ahead with plans to cut the UK’s net carbon emissions to zero by 2050 despite trying to increase North Sea oil and gas production as he faces mounting pressure from critics to ease off on the legally binding target. In a new energy security strategy expected in the coming weeks the…
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25 March 2022 0

SAP chair’s charity emerges as top investor in software giant spinout

The personal foundation of SAP’s chair, Hasso Plattner, played a larger role than previously known in a controversial spinout of the German software giant’s highly profitable financial services industry division. The Hasso Plattner Foundation is the largest single investor in the spinout and provided the majority of the initial cash for the joint venture between…
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25 March 2022 0

SoftBank finalising loans of up to $10bn from banks before Arm IPO

SoftBank is finalising loans worth as much as $10bn from banks ahead of a planned blockbuster initial public offering of UK chip designer Arm Holdings. The loans, which will be secured against Arm, were a pre-condition set by SoftBank for banks to participate in the stock offering that is aiming to happen before the end…
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25 March 2022 0