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US Fed should avoid climate change 'mission creep': Powell
US Fed should avoid climate change 'mission creep': Powell
by  AFP

The Federal Reserve should avoid tackling politically-charged issues like climate change without Congressional approval if it is to maintain public trust in the institution, the head of the US central bank said Wednesday. The Fed should avoid "mission creep" in order to "maintain the public's trust" in the institution, Powell said.

Disney investors to vote on winner in succession proxy war
Disney investors to vote on winner in succession proxy war
by  AFP

Disney shareholders will deliver a verdict later Wednesday in the company's long-running struggle over leadership at one of the spring's most costly and closely-watched annual meetings. "The root cause of Disney's underperformance... is a board that is too closely connected to a long-tenured CEO and too disconnected from shareholder interests," Trian said in December.

EU probes Chinese-owned solar panel firms over subsidies
EU probes Chinese-owned solar panel firms over subsidies
by  AFP

The European Union on Wednesday announced investigations targeting two Chinese-owned solar panel manufacturers suspected of receiving subsidies as trade tensions heat up between Brussels and Beijing. In 2013, the EU imposed anti-dumping duties after European manufacturers said they were being forced out of business by underpriced Chinese panel imports.

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