Big Canadian banks may be making misleading claims on sustainability, says securities complaint

[ad_1] Canada’s big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group. Banks are using the term “sustainable finance” too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday…

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Microsoft’s OpenAI Investment Could Trigger EU Merger Review

[ad_1] LONDON (AP) — Microsoft’s multibillion-dollar investment in ChatGPT-maker OpenAI could trigger a European Union merger investigation, the bloc’s executive branch said Tuesday. The European Commission said it’s “checking whether Microsoft’s investment in OpenAI might be reviewable” under regulations covering mergers and acquisitions that would harm competition in the 27-nation EU. The review could lead…

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