Governments around the world have been slow to take uncomfortable decisions to persuade consumers to cut energy consumption to help achieve climate targets, often because consumers are not ready to pay up or compromise their lifestyles.
1/3 The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File photo
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Shares in companies controlled by Indian billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three foreign investor funds that own stocks had been frozen.
Adani Group flagship Adani Enterprises (ADEL.NS) closed down 6.3% after plunging as much as 25%, its steepest fall in nearly a decade.
The freezing of the three accounts was first flagged in an article in India s Economic Times on Monday.
London's FTSE 100 index climbed on Monday, helped by gains in heavyweight financials and energy stocks, while investors awaited the government's decision on whether it would delay England's complete reopening from a third national lockdown.
Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) said on Friday that its Chinese partners in the Buzios pre-salt oil field will have to pay it $2.94 billion for its prior investment in exploration under the TOR rights to surplus oil found there.
Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) said on Friday that it will start a staggered return from home office to on-site work for its white-collar workers between July and August.