In recent European elections, a backlash against climate action has been reshaping political landscapes. As voters express concerns over economic impacts of green policies, right-wing parties gain momentum. This shift highlights the challenge of balancing environmental protection with economic interests in policy making.
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Activist hedge fund Elliott builds stake in struggling BP
Activist hedge fund Elliott Management has acquired a stake in BP, prompting speculation of a potential takeover bid or activist shareholder intervention due to the company's financial underperformance and lack of strategic clarity. Elliott's increased individual bets and focus on strategic changes could lead to a push for BP to refocus on its core oil and gas business, potentially calling for a full break-up or business retrenchment. The firm, known for boardroom battles, has also...
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