New Analysis Businesses seeking financing may soon face a flurry of requirements that will, in effect, probe whether they are “woke” enough to be approved by financial institutions for loans or investment. While the requirements are presented as goodwill toward the downtrodden and the environment, they are underpinned by an ideology with totalitarian tendencies, according…
Banks’ Climate Pledges Would Downgrade Non-Woke Businesses to 2nd-Tier Economy
May 19, 2021
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Banks’ Climate Pledges Would Downgrade Non-Woke Businesses to 2nd-Tier Economy, Experts Say
May 19, 2021
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BusinessCensorship & SocialismEconomieseconomyFeatured TopicsGreat ResetPoliticssocialismUSUS Newswoke
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News Analysis Businesses seeking financing may soon face a flurry of requirements that will, in effect, determine whether they are “woke” enough to be approved by financial institutions for loans or investment. While the requirements are presented as goodwill toward the downtrodden and the environment, they are underpinned by an ideology with totalitarian tendencies, according…
Walmart Earnings Beat Expectation, Raises Outlook
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
Walmart Raises Outlook After Earnings Beat Expectations
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
Taiwan Sees Limited COVID-19 Impact on Economy, Chip Sector
TAIPEI—Taiwan sees a limited impact on its economy and its key semiconductor industry from its COVID-19 outbreak and is well prepared to ensure chip fabs can operate as normal, officials said on Tuesday. Tech-heavyweight Taiwan is experiencing an unusual spike in domestic cases after months of keeping the pandemic well under control, and has closed…
Australian Finance Minister Confident of Keeping AAA Credit Rating
Finance Minister Simon Birmingham is confident Australia will retain its AAA credit rating after the government last week unveiled a big spending program with the release of the 2021-22 federal budget. When asked on whether the government would be responsible for a possible downgrade of its credit rating after the release of the budget, Senator…
World Economic Forum Cancels Big Event in 2021 Amid Pandemic
GENEVA—World Economic Forum organizers say they have decided to cancel their annual gathering—usually held in Davos, Switzerland, each year—this year amid concerns related to the COVID-19 pandemic. After multiple attempts to find a proper date and venue, most recently settling on hopes to hold it in Singapore in August, the forum’s organizers said in a…
US Gasoline Prices Begin Stabilizing but Stations Slow to Restock After Pipeline Back Online
Gasoline prices in the United States stabilized over the weekend but stations across the southeast remain without fuel, even after Colonial Pipeline brought its 5,500-mile fuel conduit back online. The average price per gallon in America on Monday was $3.04. That was the same average as Saturday. Prices jumped in the wake of Colonial taking…
EU, US Agree To Temporarily Suspend Tariffs in Steel Dispute
BRUSSELS—The European Union and the United States have decided to temporarily suspend measures at the heart of a steel tariff dispute that is seen as one of the major trade issues dividing the two sides. With the decision, “we are walking the talk in our efforts to reboot the trans-Atlantic relationship,” said EU trade chief…
AT&T to Exit Media in $43 Billion Deal With Discovery
AT&T, owner of HBO and Warner Bros studios, and Discovery, home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business. Discovery President and Chief Executive David Zaslav will lead the proposed new company, which brings together one…
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