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Biden plan to end U.S. fossil fuel subsidies faces big challenges

Doing away with tax breaks on producers of fuels that emit greenhouse gases would fit neatly with Biden’s pro-climate agenda, which marks a reversal from Trump’s efforts to roll back climate regulations while boosting fossil fuel output.

It would help establish the United States as a global leader on climate, potentially helping convince other big emitters to axe fossil fuel subsidies.

AXA to sell its Gulf business to GIG for $269 mn

“This transaction marks another step in AXA’s continued simplification journey. We are convinced that AXA’s operations in the Gulf region will benefit from GIG’s leadership and scale in the region, to further pursue their focus on delivering growth and excellent customer service. I would like to thank the management teams and all the employees of our operations in the Gulf region for their continuous contribution and engagement over the years, and wish them all the success for the future, said Thomas Buberl, CEO, Axa.

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