EUROPEAN ENERGY FIRMS GO OWN WAY

As oil prices plunge and concerns about climate change grow, BP, Royal Dutch Shell and other European energy companies are selling off oil fields, planning a sharp reduction in emissions and investing billions in renewable energy. The American oil giants Chevron and Exxon Mobil are going in a far different direction. They are doubling down on oil and natural gas and investing what amounts to pocket change in innovative climate-oriented efforts like small nuclear power plants and devices that suck carbon out of the air. SOURCE: New York Times

DIRTY MONEY STILL FLOWING

The former head of Switzerland’s anti-money laundering office says the country is failing to pull its weight in the fight against large scale corruption. Daniel Thelesklaf is convinced that billions of dollars are still being laundered through Swiss banks, largely unchecked . SOURCE: swissinfo.ch

LUFTHANSA OFFERS 40% DISCOUNT

Lufthansa is currently running a promotion that gives travellers a 40% discount in Business Class, if you travel with two or more companions within Europe. The offer applies until March 31, 2021 and is combined with the current generous rebooking policies for all tickets. SOURCE: samchui.com

DISRUPTOR FOR EUROPEAN LAUNCHES


Some space entrepreneurs in Germany believe that the European launch industry—which principally consists of the state-backed Arianespace corporation—is ripe for disruption. “Europe is where the US launch industry was 15 years ago,” said Daniel Metzler, co-founder and chief executive of the Munich-based Isar Aerospace rocket company. SOURCE: arstechnica.com

SWISS TO VOTE ON FIGHTER JETS

Voters in Switzerland will go to the polls on Sept. 27 to decide whether the country will spend billions on new fighter jets. Approving funding in the binding referendum would let the government decide next year among the Eurofighter from Airbus, the Rafale from France’s Dassault, Boeing’s F/A-18 Super Hornet, or the Lockheed Martin F35-A Lightning. SOURCE: Reuters

BARINGS & MUBADALA TO FINANCE MID-SIZE COS.

Financial services firm Barings has partnered with Abu Dhabi state investor Mubadala to provide financing solutions to European middle-market businesses, it said on Tuesday. Barings Mubadala Enterprise (BME) and its capital partners aim to provide $3.5 billion in financing over the next 18 months to help meet growing corporate demand for flexible capital solutions in Europe. SOURCE: Reuters