Sunday, 19 January 2025

Focus on Finance

FILE PHOTO: Raw copper from Zambia awaits export in a warehouse at Newlyn Terminal at Bayhead at the port in Durban, South Africa, April 4, 2024. REUTERS/Rogan Ward/File Photo
BusinessCritical MineralsEconomyFinanceMineralsNews

European firms and banks urged to boost investment in critical minerals

EU has launched an ambitious plan to accelerate production of critical minerals needed for EVs – but "no equity is being invested".

FILE PHOTO: A herd of endangered Przewalski's horses trot across the Takhin Tal National Park, part of the Great Gobi B Strictly Protected Area, in south-west Mongolia, June 22, 2017. Picture taken June 22, 2017. REUTERS/David W Cerny/File Photo
BusinessClimateEnvironmentFinanceNews

Landmark climate finance deal signed for Mongolia grasslands

Transition fund worth $71m will combine with government spending to protect Mongolia grasslands that store millions of tonnes of carbon.

FILE PHOTO: Newly appointed Polish Finance Minister Andrzej Domanski attends the cabinet swearing-in ceremony at the Presidential Palace in Warsaw, Poland December 13, 2023. REUTERS/Aleksandra Szmigiel/File photo
BusinessEmissionsFinanceNewsPolitics

Poland to get $266m for Clean Air program, says finance minister

The Clean Air programme is Poland’s subsidy scheme supporting the replacement of obsolete heat sources and insulation of single-family houses

World Bank Group President Ajay Banga poses with Latvia's Minister of Finance Arvils Aseradens, Italy's Director General of the Treasury Riccardo Barbieri Hermitte, Norway's Minister of International Development Anne Beathe Tvinnereim, Belgium's Counselor-General at the Treasury Steven Costers, France's Director General of the Treasury Bertrand Dumont, Japan's Deputy Vice Minister of Finance for International Affairs Daiho Fujii, Denmark's Ambassador and Director for Multilateral Affairs Marie-Louise Koch Wegter, United Kingdom's Minister of State, Foreign, Commonwealth and Development Andrew Mitchell, Germany's Federal Minister for Economic Cooperation and Development Svenja Schulze, Netherlands' Minister of Finance Steven van Weyenberg, and U.S. treasury secretary Janet Yellen at the G-20 Finance Ministers and Central Bank Governors' Meeting at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024. REUTERS/Ken Cedeno
BusinessClimateEconomyFinanceNewsPolitics

World Bank wins $11 billion in pledges to boost lending for climate, global crises

The World Bank says 11 countries have pledged to contribute over $11B billion to new hybrid capital and portfolio guarantee instruments designed to...

BusinessCarbon ManagementClimate FinanceEconomyEmissionsEmissions MarketsFinanceIndustryNewsPoliticsVoluntary Carbon Markets (VCMs)

US to launch carbon offset guidelines to boost integrity

New U.S. guidelines for the use of carbon offsets inside and outside of government meant to build confidence in the market and ensure...

FILE PHOTO: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File Photo
BusinessFinanceNews

Hedge funds turn bearish in April: Goldman Sachs

Hedge funds continue to short energy companies even as increased tensions in the Middle East have lifted energy prices and generally boosted energy...

da's banks left the federal government no choice but to use legislation to force them to label federal deposits the way the government wants, Environment Minister Steven Guilbeault said. Guilbeault leaves caucus on Parliament Hill in Ottawa on Wednesday, March 20, 2024. THE CANADIAN PRESS/Sean Kilpatrick
BusinessEconomyEmissionsFinanceNewsPolitics

Ottawa to force Canadian banks to call carbon rebate by name in direct deposits

Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law...

FILE PHOTO: A man washes waste plastic sheets, collected for recycling, in the polluted waters on World Environment Day in Karachi, Pakistan June 5, 2023. REUTERS/Akhtar Soomro/File Photo
BusinessEnvironmentFinanceNews

Finance firms urge ambitious action on plastic pollution

A group of 160 financial companies urged governments to agree a treaty to end plastic pollution that would help spur private sector action

BusinessClimateEconomyFinanceNewsPolitics

World Bank’s Banga wants to make gains in tackling the effects of climate change, poverty and war

“The world’s intertwined challenges of poverty ... combined with fragility and conflict and violence, combined with climate change, is coming into a perfect...

BusinessCarbon ManagementElectricityEmissionsFinanceHydrogenNatural GasNewsOil

High interest rates threaten rollout of green economy: Wood Mackenzie report

A new report from global consultancy Wood Mackenzie says if high interest rates persist, it will be harder and more costly for society...

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