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Deutsche Bank asset manager DWS fined 25 mn euros for 'greenwashing'
Deutsche Bank asset manager DWS fined 25 mn euros for 'greenwashing'

Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties. DWS had already been hit in 2023 with $19-million penalty by financial regulators in the United States over misleading green statements.

Nigerian president sacks board of state oil company
Nigerian president sacks board of state oil company

President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator described as "long overdue".