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Biden nominates ex-Mastercard CEO to lead World Bank

US PRESIDENT Joe Biden said on Thursday (23) that Washington is nominating former Mastercard chief executive Ajay Banga to lead the World Bank, after...

Four-day working week ‘more productive’: UK study

A four-day working week is more productive for most staff and companies than the traditional five days, one of the biggest trials of its...

India facing possible Enron moment: Larry Summers on Adani crisis

INDIA is possibly facing an Enron moment, former US treasury secretary Larry Summers said, likening the crisis in Adani Group to the accounting scandal...

Flying recovery proves a tailwind for new Rolls-Royce boss’s turnaround

TUFAN ERGINBILGIC’s mission to reverse Rolls-Royce’s years of underperformance got off to a strong start when a recovery in flying helped it soundly beat...

Adani invests in bankrupt Sri Lanka

CASH-STRAPPED Sri Lanka announced its first major foreign investment since it declared bankruptcy, approving a $442 million (£368m) wind power project by India’s Adani...

ArcelorMittal to receive €460m to decarbonise Spanish facility

ARCELORMITTAL’S Spanish arm is set to receive a multi-million aid to partially decarbonise its steel-making facility in Gijón. The European Commission (EC) said it has...

Asda imposes purchase limits on fresh produce lines

BRITISH supermarket group Asda has imposed customer purchase limits on eight lines of vegetables and fruit due to “sourcing challenges” for products grown in...
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