Friday, 9 May 2025

Focus on Finance

Former net-zero tsar Chris Skidmore quit the Tories and Parliament in January in protest at the issuing of new oil and gas licences (Aaron Chown/PA)
BusinessClimateEmissionsFinanceIn-Depth

Ex-Tory MP sets up investment bank to help new markets ‘transforming the world’

Chris Skidmore is launching Desmos Capital Partners, a boutique bank investing in firms focused on impact, future tech, and net zero.

FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
BusinessEconomyFinanceNewsOilPoliticsTrade

Oil prices tick down on worries about Chinese demand

The market is eyeing the slower Chinese economy and whether the US Federal Reserve is set to cut interest rates.

AnalysisBuildingsBusinessEfficiencyFinanceReportsResiliency

Green loans for green buildings: guidelines for sustainable finance in the real estate sector

The variety of classifications and certifications for what makes a "green building" around the world has been a barrier to accessing sustainable financing...

The Tenke Fungurume mine, one of the largest sources of copper and cobalt in the world, in southeastern Democratic Republic of Congo (AFP)
BusinessCritical MineralsEconomyFinanceMineralsNewsPolitics

Europe needs way to price critical minerals independently of China, group says

Weak prices are making it difficult for Western start-ups to compete with China.

FILE PHOTO: A worker of Sigma Lithium Corp SGML.V takes samples at the Grota do Cirilo mine in Itinga, in Minas Gerais state, Brazil April 18, 2023. REUTERS/Washington Alves/File Photo
BusinessCritical MineralsEconomyFinanceMineralsNews

Investment in critical minerals in web of doubt, industry says

Companies are reluctant to invest, uncertain about the demand for electric vehicles and government approaches to zero-carbon goals.

The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren
BusinessFinanceNewsOil

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal

The request for additional information from oil producer ConocoPhillips is likely to slow the closing of the deal.

Delegates met in South Korea for the second meeting of the loss and damage fund as Hurricane Beryl left a trail of destruction (AFP)
BusinessClimateFinanceNewsPoliticsUnited NationsWeather

‘We can’t wait another year’: disaster-hit nations call for climate aid

Countries on the frontlines of climate change have warned they cannot wait another year for long-sought aid.

FILE PHOTO: The Audi Q8 Sportback e-tron electric sport utility vehicle (SUV) is unveiled during its launch in Mumbai, India, August 18, 2023. REUTERS/Francis Mascarenhas/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNews

Volkswagen may close Brussels factory as low EV demand hits Audi

Volkswagen warned it may close the Brussels site of its luxury brand Audi due to a sharp drop in demand for high-end electric...

FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su/File Photo
BusinessFinanceNews

Singapore fund eyes high-carbon investments on road to net zero

Singapore's state fund won't rule out fossil fuel investments despite Temasek net zero goals.

FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File Photo
BusinessCritical MineralsFinanceMineralsNewsRegulations

Canadian critical mineral shares fall after tighter M&A criteria

Capstone Copper, Hudbay Minerals, Teck Resources, First Quantum Minerals, Ivanhoe Mines, and Cameco Corp were among the top losers.