European countries are far from meeting their official development assistance (ODA) targets. Factors related to migration are further adding to the financial pressure faced by development budgets, parts of which are being earmarked to take care of refugees.
One third of all cash in circulation in the eurozone is now in the form of €500 notes. Suspicions have been raised over Luxembourg, which prints double its GDP in banknotes each year. EURACTIV France reports.
Biofuels giants Bumitama and Wilmar have knowingly traded illegally-extracted palm oil from plantations that encroach on and threaten orangutan habitats, says a report released today (21 November). European banks are amongst the firms' biggest investors.
EU finance ministers yesterday (20 October) failed to agree on funding climate mitigation and adaptation in developing countries, due to Poland and Eastern European countries' concerns that they would end up paying more than they can afford.
Political objectives to reduce CO2 emissions and transform the energy system are set to shape the EU's industrial and economic development in the coming decades, but the 'third industrial revolution' has been challenged by a financing squeeze as the world grapples with the worst financial crisis since the Great Depression.
The role of the financial system in fostering innovation and growth among emerging companies is far more important than the technology sector, yet it is often neglected, argue Thomas Philippon and Nicolas Véron in a January policy brief for Bruegel.