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alliance

IFC and the Hong Kong Monetary Authority announced new alliance to address climate change

3 mins read

The FINANCIAL — IFC, a member of the World Bank Group, has signed a new partnership with the Hong Kong Monetary Authority (HKMA) to encourage commercial banks in Asia to adopt strategies and targets to become greener. The signing of the agreement makes the HKMA the first partner to work with IFC on the initiative. As the founding member and first regional anchor for the Asia Chapter of the Alliance for Green Commercial Banks– a new initiative launched by IFC to help develop green commercial banks and encourage more green finance in order to address climate change– the HKMA will serve…

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IFC and the Hong Kong Monetary Authority announced new alliance to address climate change

3 mins read

The FINANCIAL — IFC, a member of the World Bank Group, has signed a new partnership with the Hong Kong Monetary Authority (HKMA) to encourage commercial banks in Asia to adopt strategies and targets to become greener. The signing of the agreement makes the HKMA the first partner to work with IFC on the initiative.…

General Motors and Nikola announced a strategic partnership

6 mins read

The FINANCIAL — Nikola Corporation and General Motors announced a strategic partnership that begins with the Nikola Badger and carries cost reductions through Nikola’s program. As part of the agreement, Nikola will utilize General Motors’ Ultium battery system and Hydrotec fuel cell technology, representing a key commercialization milestone for General Motors. Nikola will exchange $2 billion…

American Airlines and JetBlue announced partnership

4 mins read

The FINANCIAL — JetBlue Airways Corp. and American Airlines Group Inc. today announced a strategic partnership that will create seamless connectivity for travelers in the Northeast and more choice for customers across their complementary domestic and international networks. Customers will experience a number of benefits from the new partnership. In addition, the relationship will accelerate each airline’s…

OPEC Pushes for oil production slash but will Russia agree?

6 mins read

The FINANCIAL — With oil prices down more than 20% since the start of the year as the economic impact of the coronavirus saps oil demand. Oil’s losses came even as OPEC agreed to cut crude output by an extra 1.5 million barrels per day (bpd) in the second quarter. Oil traders fear demand for…