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Search resuls for: "International Chamber of Commerce"


3 mentions found


☆ Biden nominates former MasterCard chief Banga to head World Bank
  + stars: | 2023-02-23 | by ( Andrea Shalal | ) www.reuters.com   time to read: +4 min
[1/2] Ajay Banga, CEO of MasterCard, speaks during the Women In The World Summit in the Manhattan borough of New York April 8, 2016. REUTERS/Lucas Jackson/File PhotoWASHINGTON, Feb 23 (Reuters) - U.S. President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank, lauding his experience forging public-private partnerships to address financial inclusion and climate change. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history," Biden said in a statement. Banga's nomination is the first to be made public, but the bank will accept nominations from other member countries through March 29. That would enable the World Bank to serve "as a force multiplier for good" by catalyzing action from the wide range of players, she said, adding that the World Bank could not meet the massive needs of developing countries on its own.
☆ Antitrust Threats Cloud Business Cooperation on Climate Action
  + stars: | 2023-01-05 | by ( Rochelle Toplensky | Justin Stewart-Teitelbaum | Antitrust Partner At Freshfields | ) www.wsj.com   time to read: +7 min
Companies are increasingly working together to cut greenhouse-gas emissions but such collaboration faces the threat of antitrust action demanded by politicians who say it violates competition rules. There are now more than 150 business climate collaborations, according to research by Harvard Business Review. “There are a lot of ways to stay on the right side of antitrust laws,” says Justin Stewart-Teitelbaum, antitrust partner at Freshfields. Traditionally, in most jurisdictions, antitrust officials weigh whether the benefits of cooperation outweigh any economic harm caused by it. The anti-ESG movement in the U.S. bases its antitrust threats partly on an assertion that climate action provides little societal benefit to outweigh any economic harm of cooperation.
☆ Even if there isn't a recession in 2023, it's going to feel like it, says ICC chief
  + stars: | 2022-11-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEven if there isn't a recession in 2023, it's going to feel like it, says ICC chiefJohn Denton of the International Chamber of Commerce discusses the ideal talking points of the upcoming Biden-Xi meeting at the G-20 summit.
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