Category «News»

ArcelorMittal publishes its 2019 report on Payments to Governments in respect of Extractive Industries

ArcelorMittal (’the Company’) has today filed its 2019 report on Payments to Governments in respect of Extractive Activities, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2019 to governments regarding its mining operations. The report, which complies with reporting requirements under Luxembourg law, is available for download from …

ArcelorMittal Europe sets out path to net zero by 2050, with pioneering technologies at the forefront of the company’s roadmap for carbon-neutral steelmaking

Europe’s largest steelmaker, unveils breakthrough technologies that will take the company to 30% lower CO2 emissions by 2030, and carbon neutrality by 2050 ArcelorMittal Europe is investing in two routes to carbon neutrality, Smart Carbon and an innovative DRI-based route, in recognition of the need to act now to reduce CO2 emissions, in line with …

Business Correspondents Federation of India appeals for financial support

Financial relief for Business Correspondents Transaction failures and customer angst Drop in remittances and outlook Liquidity challenges of BCs facilitating credit MSME and KCC loans through BC channel New Delhi, June 4, 2020: The Business Correspondents Federation of India organized a round table to discuss the contribution of the Business Correspondents during the lockdown and …

INDIA JOINS UK’S GLOBAL VACCINE MISSION

The UK today (4 June) organised the Global Vaccine Summit 2020, helping secure US$7.4 billion (approximately £6 billion) in funding to support global vaccine supply and immunisation. The virtual event saw representatives of more than 50 countries – business leaders, UN agencies, civil society, government ministers, Heads of State and country leaders, including Prime Minister …

African Development Bank delivers on a decade of transformative commitments to reduce poverty

For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution. The Bank has delivered on its goals of reducing poverty and fostering inclusive growth on the continent. We scaled up development support …

Abhimanyu Sofat, Head of Research, IIFL Securities on Moody’s downgrades India’s ratings to BAA3

Abhimanyu Sofat, Head of Research, IIFL Securities on Moody’s downgrades India’s ratings to BAA3 “Moody’s decision to lower India’s rating is a reflection of the stress in Indian economy and fiscal situation that has been amplified by the virus outbreak. We believe the subdued policy response for short term alleviation of the lockdown related stress …

worldsteel announces the 2019 Steel Sustainability Champions

The World Steel Association (worldsteel) has recognised 9 companies as Steel Sustainability Champions for their work in 2019.  Now in its third year, the Steel Sustainability Champions Programme commends those steel companies that are most clearly demonstrating their commitment to sustainable development. The 2019 Steel Sustainability Champions are: ArcelorMittal BlueScope Steel Limited China Steel Corporation …

Blockchain Principles Launched to Preserve and Protect User Rights

16 user rights make up the newly launched Presidio Principles – the foundational values for a decentralized future This ‘Blockchain Bill of Rights’ establishes a global baseline for building blockchain applications that respect participant rights, safeguard data and protect users It was developed for over a year by the World Economic Forum Global Blockchain Council, …