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Berlin at odds with UK and France over support for public investment in fossil fuel despite climate impact
Bank pledges to step away from some fossil fuels ahead of annual meeting of shareholders
Also in today’s newsletter, is the gag about nuclear fusion true?
Demand is so high that thieves risk their lives to supply cartels with scrap metal
Trading profits are bolstering returns but doing little to narrow the valuation gap with US peers
Key battery component lithium is pivotal as car industry switches to electric
Harbinger or just temporarily unhappy?
Environmentalists criticise COP28 role for lobbyist David Canzini
Traders mostly remained on sidelines ahead of CPI and debt-ceiling updates
Move would thwart Glencore’s $23bn offer to purchase entire company
Fast-growing supply depresses prices but raises fears about China’s control of market
Saudi control is an issue for many external investors, some of whom see the company as an arm of government
The 23% fall in prices from recent high adds to concern over strength of China’s economic recovery
Plus, asset managers aren’t putting their money where their climate pledges are, report shows
Group reports first-quarter net income of $32bn as oil prices decline
Commodity trader and mining group aims to extend its business to take advantage of big demand for EVs
But there are indications exchange traded notes are holding their own in Europe
Infrastructure projects lead to soaring demand for the world’s most used natural material
Diamond Standard creates bars and coins of measured values of gems but faces hurdles to launch futures contract and ETF
Investors digest Federal Reserve survey that shows plan by sector to raise its lending standards
The oil major says it is investing in low-carbon technologies. Pressure from shareholders has played a part — but so have tax incentives
Equities sell-off comes despite companies reporting another strong quarter of cash flows
Putin raises levies on oil and gas groups after G7 imposes price cap on Russian crude
State-controlled group still uses Russian oil piped through Druzhba network not covered by sanctions
Move comes amid drop in value of local dollar and persistent inflationary pressures
International Edition