H&M, Lululemon back $250 million Fashion Climate Fund to decarbonize supply chain

H&M, Lululemon back $250 million Fashion Climate Fund to decarbonize supply chain

H&M Foundation, the Schmidt Family Foundation also backers Fund aims to unlock $2 billion as solutions are scaled up LONDON, June 8 (Reuters) – Lululemon Athletica Inc (LULU.O) and H&M Group (HMb.ST) are among backers of a $250 million fund aiming to speed up efforts to cut carbon emissions in the fashion industry’s supply chain, … Read more

Fashion industry risks falling short of green goals, Business of Fashion report says

Fashion industry risks falling short of green goals, Business of Fashion report says

People stand next to the window of a fashion boutique in a shopping district in Tokyo, Japan, May 30, 2016. REUTERS/Thomas Peter/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, May 31 (Reuters) – Despite incremental improvement from some sector leaders, the fashion industry’s 30 largest listed companies risk falling short of … Read more

Singapore startup Zilingo fires CEO after suspension

Singapore startup Zilingo fires CEO after suspension

SINGAPORE, May 20 (Reuters) – Singapore-based Zilingo said on Friday it had fired Chief Executive Ankiti Bose after an independent investigation into complaints about what the fashion technology startup described as “serious financial irregularities”. Bose, 30, the face of Zilingo at industry forums and investor meetings, told Reuters she was wrongfully dismissed. “The board has … Read more

H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

STOCKHOLM, May 20 (Reuters) – A Stockholm restaurant crew is wearing cotton aprons that capture greenhouse gas from the air, in a pilot of a technique developed by H&M-backed researchers as the fashion industry struggles to lower its climate impact. The textile industry has a large carbon footprint, something fashion giants are under increasing pressure … Read more

‘Tip of the iceberg’: Taiwan’s spy catchers hunt Chinese poachers of chip talent

'Tip of the iceberg': Taiwan's spy catchers hunt Chinese poachers of chip talent

TAIPEI, April 8 (Reuters) – Taiwan’s spy catchers have launched probes into around 100 Chinese companies suspected of illegally poaching semiconductor engineers and other tech talent, a senior official at the island’s Investigation Bureau told Reuters. That comes on top of seven prosecuted since the start of last year and includes 27 which have either … Read more

Amazon lines up satellite launches to take on Musk’s Starlink

Amazon lines up satellite launches to take on Musk's Starlink

April 5 (Reuters) – Amazon.com Inc (AMZN.O) has secured rocket launches with three companies, the company said on Monday, as it spends billions on putting together a satellite constellation to beam broadband internet that will rival Elon Musk-owned SpaceX’s Starlink. The e-commerce giant said its Project Kuiper has secured 83 launches over five years and … Read more

Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Exclusive: Canada to invest C$2 billion on mineral strategy for EV battery supply chain

Exclusive: Canada to invest C$2 billion on mineral strategy for EV battery supply chain

OTTAWA, April 4 (Reuters) – Canada’s federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau’s government, which is due to release … Read more

Exxon signals record quarterly profit from oil and gas prices

Exxon signals record quarterly profit from oil and gas prices

Signage is seen on a gasoline pump at an Exxon gas station in Brooklyn, New York City, US, November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register HOUSTON, April 4 (Reuters) – Exxon Mobil Corp (XOM.N) on Monday said its first-quarter results could top a seven-year quarterly record, with operating … Read more

Wall St climbs as megacap growth stocks gain, Twitter surges

Wall St climbs as megacap growth stocks gain, Twitter surges

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake US-listed Chinese companies surge Utilities, real estate lag among S&P 500 sectors Indexes up: Dow 0.07%, … Read more