“An atlas of human suffering”: IPCC climate change update March 11, 2022 “Code red for humanity” warned headlines around the world in August last year, quoting UN Secretary-General António Guterres when the Intergovernmental Panel on Climate Change published part one of its assessment report. That concluded that warming of 1.5°C above pre-industrial levels will be reached by 2040. Part two issued this week makes even graver reading. [...]
Explainer-in-brief: OPEC+ isn’t coming to the rescue March 11, 2022 As the US and the UK took the dramatic step of turning away from Russian oil, the Biden administration has been putting significant pressure on the group of Gulf oil suppliers to ramp up production. The OPEC+ group, which includes Russia, resisted the calls to pump more crude to help bring down oil prices, which [...]
BAFTA teams up with Addison Lee for electric entrance to awards March 11, 2022 The presenters announcing the winners at this year’s EE BAFTA Film Awards will be travelling to and from the event sustainably and stylishly with the announcement that Addison Lee’s electric fleet is the official car supplier for the awards.
Evraz board quits after Abramovich hit with sanctions March 11, 2022 Russian steelmaking giant Evraz said 10 of its board members had quit today after the firm’s largest shareholder Roman Abramovich was slapped with sanctions, leaving only the chief executive remaining in post.
Goldman Sachs and JP Morgan become first Wall Street giants to exit Russia March 11, 2022 Goldman Sachs and JP Morgan yesterday became the first Wall Street heavyweights to pull out of Russia, following its invasion of neighbouring Ukraine. With Goldman leading, it is expected that others will follow, as Russia is accused of war crimes. More than 330 firms have either exited or significantly cut back their operations in Russia [...]
Exclusive: Over half of Brits in favour of a ‘right to disconnect’ as work bleeds into daily lives March 11, 2022 Most Brits are in favour of a ‘right to disconnect’ law, according to research shared exclusively with City A.M. today, which would give employees the right to ignore work-related emails outside of their contracted hours. Despite 67 per cent of the UK having work-related communications outside of their working day – more than half think [...]
Exclusive: HSBC customers threaten to switch banks unless it cuts Russian oil ties March 11, 2022 More than 1,700 HSBC customers have written to the bank urging it to cut its ties with Russian oil and gas businesses, research shared exclusively with City A.M. has revealed. It comes amid lingering controversy over HSBC’s backing of China’s national security law as it was imposed in June 2020 and has stamped out many [...]
Greenwich could lose TfL funding following LTN slashing March 11, 2022 Greenwich was warned it could lose Transport for London (TfL) funding after it decided to slash the low-traffic neighbourhood (LTN) scheme. The council, led by Labour’s Danny Thorpe, slashed the LTN after residents complained about the detrimental effect on traffic in the borough but now it’s being asked to explain the decision, the Evening Standard [...]
Sig shrinks losses and boosts sales amid ‘strong turnaround in the UK’ March 11, 2022 Sustainable building and insulation specialist Sig has shrunk its losses over the last year, following a tough 2020, as sales rise above pre-pandemic levels. Revenue jumped over 22 per cent to around £2.3bn in the year to 31 December. While the company’s operating profit swung from a £160m loss in the year the pandemic hit [...]
Headwinds stunt Heathrow’s traffic growth March 11, 2022 Heathrow said today Covid-related headwinds have continued to stunt its traffic growth, as passenger numbers last month remained 15 per cent below forecast. February passenger numbers totalled 2.8 million, 50 per cent down on pre-pandemic levels, as inbound and business travel remain hindered by testing and quarantine regimes in two-thirds of the markets the airport [...]
