THIRD CAPITAL INJECTION FOR ASTON MARTIN

Aston Martin said on Friday its shareholders approved a plan to inject 125 million pounds in new capital as the luxury carmaker tries to turnaround its loss-making business. The capital injection, Aston Martin’s third this year, was announced in October along with plans that Daimler unit Mercedes-Benz would lift its stake in the British company to up to 20% by 2023, making it one of Aston Martin’s largest shareholders. SOURCE: Reuters

AI’S BEST DAYS TO COME

European business leaders and employees cited the ownership of processes around revenue generation and increasing profitability as factors in the prediction of a pending tipping point in favour of AI and other technologies. While tech looks set to usher in a surge in worker upskilling to ensure that new capabilities can be used to their full potential, it’s believed that human employees will be able to focus more on creative and strategic tasks and initiatives. SOURCE: information-age.com

HOW MANY ZOMBIES OUT THERE?

As with Japan in the 1990s, years of low — and even negative — interest rates in the eurozone have led to suspicions that the region’s business landscape is harbouring a load of zombie firms. That is, companies that are being kept artificially alive by the repeated extension of credit. READ MORE: https://www.ft.com/content/da175a86-17ad-44bf-9237-db8d4708fb21

PUSHBACK AGAINST UNSUSTAINABLE LABEL

A European Union plan to label polluting activities as “unsustainable” is facing resistance from some leading finance firms, amid concerns it could prevent investment getting to companies trying to clean up their act. The EU’s executive Commission last month proposed rules for what can be called a green investment, under its so-called sustainable finance taxonomy which aims to steer money to companies and projects that will help the EU meet its climate goals. SOURCE: Reuters

FILE PHOTO: A general view of the Aston Martin paint inspection booth at the company’s world headquarters in Gaydon, Britain, February 14, 2019. Picture taken February 14, 2019. REUTERS/Andrew Yates