Over 100 business leaders worldwide have backed the final recommendations of a global task force set up by the G20 to disclose how companies manage climate-related risk, in a move that could divert trillions of investments away from polluting fossil fuels.
Bank of England Governor Mark Carney called today (7 April) for Britain and the EU to reach a sweeping deal to recognise each other’s bank rules after Brexit or risk a potentially damaging hit to financial services across Europe.
The European Central Bank (ECB) is to stick with its policy of record-low interest rates and bond purchasing scheme, as head of the bank Mario Draghi continues to try and reach the bank's inflation targets. EURACTIV Germany reports.
Sterling traded below a recent one-month high against the dollar on Monday (8 February), as uncertainty about Britain's place in the European Union and diminishing rate hike prospects kept investors cautious.
Climate finance and divestment appear to be increasingly vital to a universal agreement to decarbonise the global economy. But bursting the ‘carbon bubble’ could crash the global economy. Our partner La Tribune reports.
Bank of England Governor Mark Carney will spell out how Britain's membership of the European Union affects the central bank's ability to manage the economy and protect the country's banking sector in a speech on Wednesday (21 October).
Climate change threatens global financial crises, and long-term declines in wealth, unless world leaders urgently seal a deal to limit it, the head of the Bank of England said on Tuesday (30 September).
The United Kingdom must curb rapidly rising property prices, particularly in London, and raise taxes rather than just slash spending, to increase its resilience to financial shocks, the European Commission warned yesterday (2 June).