
Global Business Is Enduring a Synchronized Slowdown: Eco Week
Days after global finance chiefs described the widespread economic fallout inflicted by Russia’s war in Ukraine, business surveys may show an increasingly synchronized slowdown.
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Days after global finance chiefs described the widespread economic fallout inflicted by Russia’s war in Ukraine, business surveys may show an increasingly synchronized slowdown.
After a violent rally in bonds, Treasury traders are debating whether recent tough talk from the Federal Reserve on its commitment to cooling prices is enough to reverse the trend.
HSBC Holdings Plc Chief Executive Officer Noel Quinn said an executive’s remarks playing down the risk of climate change are “inconsistent” with the bank’s strategy and don’t reflect views of senior management.
(Bloomberg) -- Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, according to people familiar with the situation.
(Bloomberg) -- The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.
Jan 18, 2022
Bloomberg News
,(Bloomberg) -- Europe won’t meet its goal of zero carbon emissions by 2050 if countries don’t adopt more stringent and consistent requirements for buildings, a study by a leading energy research center concluded.
Buildings account for a third of energy-related direct and indirect emissions, according to estimates by the European Commission which has targeted the industry for reform. It has already proposed revisions to the Energy Performance of Buildings Directive, including minimum energy performance standards.
The plan is a sign of “encouraging changes,” but what’s needed is that “all EU member states become more ambitious” or “energy and carbon emissions reductions in the buildings sector are likely to fall short in the quest to meet Europe’s 2050 decarbonization objectives,” Oliver Rapf, executive director of the Buildings Performance Institute Europe, said in a statement.
Standards for construction vary widely across member states, and so far none has set a deadline for meeting net zero energy and carbon levels, according to an analysis by BPIE, which reviewed policies in the EU’s biggest countries, including Germany, France and Italy.
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