Agency 63

AT&T Inc. shareholders voted against the telecom giant’s executive compensation, a symbolic rebuke to a company that reported pay packages of as much as $52.2 million in 2020.

Your Evening Briefing: The Rich Get Richer Under Democrats, Too  Bloomberg

Exxon Mobil Corp. is poised to lock out union workers at its Beaumont refinery in Texas on Saturday as contract negotiations with the United Steelworkers have failed to net an agreement.

Jaspreet Rai is desperately trying to do her part for the country she left more than 30 years ago: help its people breathe.

President Joe Biden banned most travel to the U.S. from India beginning Tuesday as the country struggles to combat the worst surge of coronavirus cases in the world. Passengers on airplanes, buses and other forms mass transportation in the U.S. will have to k…

Source: Bloomberg, 07:33

STEELMAKERS HAVE for decades embodied India’s failed plans for prosperity. Post-independence socialism produced many mills but little steel. A partial privatisation in the 1990s created capacity, but also large firms fed by feckless state-backed lending. Many were subsequently exposed as bankrupt. Even well-run private producers stumbled, as Tata Steel did with its disastrous acquisition in…

IN THE BUCOLIC low-rise surroundings of Norway’s biggest lake, Mjostarnet stands out. At 85 metres tall, this building of flats, offices and a hotel, completed in 2019, is Norway’s third-tallest. It is the highest in the world built of wood. Similar structures have sprung up in other countries. So, in many more places, have wooden…