Business

Asset Management: Norwegian oil fund turns more aggressive on ESG

Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Sign up here to get it sent straight to your inbox every Monday. Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com The path …

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Beijing eases zero-Covid restrictions on transport to revive economy

China has lifted tough pandemic restrictions on transport workers that have slowed the flow of freight in the country, as Beijing rapidly eases its economically damaging zero-Covid policy. The order to local governments follows moves to reopen the country after nearly three years of a stifling elimination strategy for Covid-19 that has led to lockdowns …

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Biden adviser calls Wall Street opposition to shale drilling ‘un-American’

The White House’s chief energy adviser has described as “un-American” the refusal of US shale investors to ramp up drilling, even as Moscow’s invasion of Ukraine causes havoc on global oil and gas markets. US oil groups have been under pressure from Wall Street to funnel record profits back to investors this year, despite repeated …

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