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Press Releases

Poland starts chopping down beetle-infested trees in forest

The Environment Ministry's plan to fell thousands of spruce trees affected by bark beetles in the Bialowieza Forest has drawn the ire of environmental groups, which argue it threatens the forest and that nature will take care of itself. The forest includes Europe's last primeval woodland, protected as a national park, and is on the UNESCO world heritage list.

Source: The Associated Press

India's coal efficiency drive risks ire of powerful unions

NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...

Source: Reuters

UPDATE 2-Credit Suisse's Thiam faces shareholder ire at AGM

ZURICH, April 29- Credit Suisse's leadership came under fire on Friday from shareholders disgruntled by a share slide amid a major restructuring of Switzerland's second-biggest bank. Chief Executive Tidjane Thiam and Chairman Urs Rohner faced criticism over a 40 percent share price drop since Thiam took charge last July, plans to cut 6,000 jobs and the...

Source: Reuters

Stanford climate activists slam university over fossil fuel vote

SAN FRANCISCO, April 26- Stanford University's announcement on Monday that it will not rid its $22 billion endowment of oil and gas companies has raised the ire of campus climate activists, who said on Tuesday they will protest the decision. Activists felt they had momentum on their side after Stanford two years ago said it would no longer invest in coal mining...

Source: Reuters

Merck CEO: Flawed tax structure drives inversions

Merck CEO Kenneth Frazier said a flawed corporate tax system drives inversion deals that have drawn the government's ire.


UPDATE 2-Bank of England warns of Brexit risks, provoking ire of eurosceptics

LONDON, March 8- Exiting the European Union could hurt Britain's $2.9 trillion economy and prompt some banks to abandon London's global financial powerhouse, Bank of England Governor Mark Carney said on Tuesday. In his strongest intervention so far in Britain's debate about EU membership, Carney said he was not making any recommendation about how to vote in...

Source: Reuters

UPDATE 3-Obama challenges Republicans with vow to nominate Supreme Court pick

WASHINGTON, Feb 24- President Barack Obama vowed on Wednesday to move ahead with a U.S. Supreme Court nominee and said Republicans would risk public ire if they blocked a qualified candidate for political motives, as well as diminishing the credibility of the high court. Sources close to the nomination process told Reuters that Nevada Republican Governor...

Source: Reuters