Labour plans state-owned UK clean energy company

Sir Keir Starmer has announced that a Labour government would set up a publicly owned energy group with the ability to invest directly in renewable energy and nuclear projects within the first year of being in power. In his speech to the party’s annual conference, the Labour leader announced that “Great British Energy” — modelled … Read more

L’Oreal plans to kill single-use plastic to solve Gen Z’s biggest issue

L’Oréal is betting big on the future of sustainability. It hopes young workers are paying attention.  The France-based cosmetics giant is the founding donor of The Recycling Partnership’s recently launched Small Town Access Fund (STAF), which supports recycling programs in U.S. towns with less than 50,000 residents. Its support is set to bring better recycling … Read more

Crypto exchange FTX is replacing its U.S. president

Brett Harrison, FTX Source: CNBC Brett Harrison, the U.S. president of the crypto exchange FTX, announced his resignation on Tuesday, with the company in the midst of a massive expansion effort. Harrison said on Twitter that he will be moving into an advisory role at the company and said he plans to remain in the … Read more

Wisconsin newspaper names business reporter

Daphne Lemke The Fond du Lac (Wisconsin) Reporter has named Daphne Lemke to be its business reporter. Lemke writes, “After graduating from the University of Wisconsin-Oshkosh with an English degree in 2019, I started as a news assistant for The Northwestern and The Reporter. Afterward, as a reporter, I wrote for the Door County Advocate before … Read more

Virgin Atlantic to Join SkyTeam Alliance

Virgin Atlantic in early 2023 will join the SkyTeam global airline alliance, the carrier announced Tuesday, giving the carrier’s loyalty program members additional opportunities to earn points and access to a network of more than 750 airport lounges across six continents. It will be the alliance’s only U.K. member airline. Virgin Atlantic Silver Card holders … Read more

Local stocks slump nearly 4% on selling pressures

REUTERS PHILIPPINE SHARES declined further on Tuesday on selling pressures amid Wall Street’s decline and the aggressive stance of the US Federal Reserve that pushed the peso lower. The benchmark Philippine Stock Exchange index (PSEi) lost 239.47 points or 3.82% to close at 6,020.07 on Tuesday, while the broader all shares index dropped by 107.06 … Read more

Court’s nod to reining in digital lenders welcome

Editorials Court’s nod to reining in digital lenders welcome Tuesday September 27 2022 FILE PHOTO | NMG The proliferation of digital loan providers saddling borrowers with high interest rates via predatory lending practices makes a good case for the sector to be regulated. We support the High Court’s verdict backing the new law that allows … Read more