The party is no longer looking to commit to the investment in green energy projects, but plans to create a publicly-owned green power firm are not being dropped altogether from its Green Prosperity Plan, the report said. Last week, the party's finance policy chief Rachel Reeves defended the target to spend 28 billion pounds a year on green projects in the second half of a Labour government, but said she would not break "iron-clad" fiscal rules to reach it. Labour has sought to portray itself as the only party which can spur economic growth by investing heavily in green technologies and jobs, but its promise to invest 28 billion pounds every year until 2030 in green technologies had come under fire from some who said it could lead to rising borrowing costs.
New Delhi: Paytm founder and CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman amid the crisis in the company's banking arm, following Reserve Bank of India’s (RBI), media reports said, citing sources.
Controversy arose between President Volodymyr Zelenskyy and the Armed Forces Chief Valerii Zaluzhnyi at their meeting on Jan. 29 due to different views on how many military personnel Ukraine should mobilize this year, The Washington Post reported on Jan. 31 citing sources.
A large U.S. investment bank is considering building up a 10% stake in Italy's Banca Popolare di Sondrio, Il Sole 24 Ore newspaper reported on Thursday, without citing sources or naming the investor. The move would also pave the way for the entry of UniCredit in the group's shareholding, the newspaper said, without giving further details and adding that UniCredit declined to comment. Banca Popolare di Sondrio declined to comment on the report.
Fashion company Shein is seeking Beijing's nod to go public in the U.S., two sources with knowledge of the matter said, a decision which could delay its float plans and comes despite efforts to distance itself from China. The Singapore-based company, valued at $66 billion in a May fundraising according to one of the sources, filed with the Chinese regulator in November to comply with new listing rules for local firms, two sources with knowledge of the matter said. Shein's listing plans are likely not only to face tougher-than-expected scrutiny from U.S. regulators in an election year in the U.S., the sources said, but will also have to go through a lengthy approval process with numerous Chinese regulators.