Alitalia successor approaches safe landing spot 1 Sep 2022 Investor Certares has bid 700 mln euros for a majority of ITA, the shrunken offshoot of the troubled airline. Backing from Air France and Delta should ensure better landing slots and access to lucrative U.S. routes. It may avoid more bailouts, but Rome will still have a big say.
Europe’s energy cap requires surgical precision 1 Sep 2022 The EU wants to curb surging power costs to avoid a recession. Capping wholesale gas prices will unavoidably dampen the market’s clear signal to reduce demand. Doing the same to electricity prices, especially in a focused and temporary way, looks smarter.
Water crisis investing is glass not even half-full 1 Sep 2022 Companies like Danone, Ecolab and Coke paraded some smart, profitable ways to adapt to flood and scarcity at an annual Stockholm confab. But those are often just pilot projects. And funding from VCs to governments is scarce. Preparing for global warming requires opening the taps.