Sunday, 19 January 2025

Focus on European Central Bank

FILE PHOTO: Volkswagen ID. Buzz electric vehicles are lined up at the company's plant in Hanover, Germany, December 17, 2024. REUTERS/Fabian Bimmer/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)NewsTradeTransport

Central Europe’s banks can withstand car sector turmoil, S&P says

European automakers have announced plant closures and layoffs amid weak demand, high costs, and a slow EV transition.

FILE PHOTO: The mountains Brunegghorn, Bishorn and Weisshorn are pictured from Belalp, Switzerland, September 4, 2019.  REUTERS/Denis Balibouse/File Photo
BusinessClimateEconomyEmissionsEnvironmentIndustryInfrastructureRegulationsTrade

Global regulators quiz banks amid climate-risk tussle, sources say

Global banking regulators are probing banks' climate risk management practices, seeking consensus amid varied approaches.

FILE PHOTO: European Union flags flutter in the European Central Bank (ECB) headquarters in Frankfurt, Germany September 12, 2024. REUTERS/Jana Rodenbusch/File Photo
BiodiversityClimateClimate FinanceEconomyEmissionsEmissions MarketsEnvironmentNewsPoliticsResiliencyWeather

Central banks can’t shrug off climate change issues: ECB’s Villeroy

Top European Central Bank official says climate change issues can't be removed from central bank decision-making.

FILE PHOTO: EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS/Jana Rodenbusch/File Photo
BusinessCarbon ManagementClimateEmissionsEmissions MarketsNewsPoliticsRegulations

ECB starts issuing fine notices to banks not meeting climate expectations

The ECB has started fining banks not meeting climate risk rules, warning penalties will grow if remedial deadlines lapse.

Audi is considering closing its plant in Brussels, a move analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry (BELGA)
AutomotiveBusinessElectric Vehicles (EVs)LabourNewsTrade

Europe’s EV troubles bubble up at Brussels Audi factory

Workers at Brussels Audi plant strike after company considers closure of EV factory amid falling sales.

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