A Hague judge has told the oil giant to toughen up its targets for cutting carbon emissions. Besides appealing, Shell could try to dodge the ruling by moving its headquarters. Alternatively, new chair Andrew Mackenzie could shunt the group in the direction of rivals BP and Total.
The Wall Street firm won approval for an asset management venture with local megabank ICBC, despite selling its shares in the lender for a bumper profit nearly a decade ago. Its painstakingly diplomatic exit leaves the door open for Goldman to rehash its old money-making mantra.
Sea freight costs have more than tripled in the past year. Ports are backed up, containers are in the wrong place, and demand is picking up. Supply-chain disruptions won’t last forever. But, going by what companies like Maersk are seeing, pressures may persist for most of 2021.