British businesses reported their weakest growth in nearly six years during the past three months due to fears of a no-deal Brexit and rising global trade barriers, the Confederation of British Industry said on Sunday.
The CBI’s index of private-sector activity over the past three months dropped to -3 in February from zero in January.
***
Canada has said it will allow the US extradition case against Huawei’s chief executive to move forward, but the court must make a final decision.
The US wants Meng Wanzhou, Huawei chief financial officer, to stand trial on charges including fraud linked to the alleged violation of sanctions on Iran.
***
Today we are running an interview with the CFO of aluminium producer Norsk Hydro- which will seek to build its competitive position with a very powerful sustainability model.
Most of the corporate world seems to be in denial that the COP21 demands for the world to keep the global temperature rise to 2 degrees must require a significant reduction in carbon emissions.
That means the business models of most large groups in sectors such as the extractive industries cannot continue as they are, and must change accordingly. Just a few big corporates understand this fully. Norsk Hydro is one of those companies.