Tag: finance

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Cop26: African nations seek talks on $700bn climate finance deal

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African nations want Cop26 to open discussions this week on a mega-financing deal that would channel $700bn (£520bn) every year from 2025 to help developing nations adapt to the climate crisis. Tanguy Gahouma-Bekale, ...

Spreading the wealth: Black-owned investment firms tackle the racial finance gap

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Black investors have long been underrepresented in the stock market; only 33.5% of Black American households owned stocks in 2019, according to Federal Reserve data. But that’s beginning to change. Across the country,...

Wealthy nations urged to meet $100bn climate finance goal

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The European Commission president has urged wealthy countries to close the gap to meet a $100bn annual climate finance target for developing nations a year earlier than expected. Speaking before crucial meetings on th...

Climate finance for poor countries to hit $100bn target by 2023, says report

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The longstanding target for providing climate finance to the developing world will be met within two years, according to a report ahead of the UN Cop26 climate summit. But experts said it was “shameful” that developed...

New Zealand becomes first country to force finance companies to act on climate risks

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New Zealand has become the first country in the world to pass a law forcing financial institutions to disclose and, the government says, act on climate-related risks and opportunities. “We have an opportunity to pave ...

The future of Europe is at stake in the fight for Germany’s finance ministry

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The result of the German election was known within minutes of the polls closing on 26 September. But the kind of government that will emerge is being decided now, behind closed doors, in intense three-way coalition ne...

Hope and fear in EU as hardliner tipped to be German finance minister

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Germany’s biggest neighbours are watching the formation of the country’s new government with a mixture of hope and fear, amid concerns that a fiscal hardliner hotly tipped to become the next finance minister could dra...

Iraq captures alleged Islamic State finance chief in operation abroad

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Iraq has captured the alleged finance chief of the Islamic State group, Sami Jasim al-Jaburi, who was sought by the US, in an operation abroad, Iraqi authorities have said. Jaburi, also the suspected former deputy to ...

Most ethnic minority finance workers suffer discrimination, finds UK report

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Two in three UK finance workers from black and minority ethnic backgrounds have suffered discrimination in the workplace, according to an industry survey revealing shortfalls in the City of London’s diversity agenda. ...

Developing nations welcome US climate finance pledge but warn more is needed

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Developing countries and campaigners welcomed the offer of increased climate finance from the US president, Joe Biden, at the UN on Tuesday, but warned that rich countries needed to do more to ensure the poorest recei...

Rich countries not providing poor with pledged climate finance, analysis says

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Rich countries will continue to miss a longstanding pledge to provide poor countries with $100bn a year in climate finance for the next four years, new analysis suggests on the eve of a crunch meeting of world leaders...

Syria cement plant at centre of terror finance investigation ‘used by western spies’

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A cement plant in Syria at the centre of a terror financing investigation in France was used by western intelligence agencies to gather information on hostages held by Islamic State, sources connected to the operation...

Giuliani associate Igor Fruman expected to plead guilty in campaign finance case

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A man who helped Rudy Giuliani try to unearth damaging information about President Joe Biden in Ukraine is expected to plead guilty in a case alleging illegal campaign contributions to US politicians, according to a c...

UK finance giants plan to buy out fossil fuel plants in order to shut them

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A group of the UK’s biggest financial institutions plan to hasten the phasing out of coal power in Asia by buying out fossil fuel plants in order to shut them down within 15 years. Finance companies including lenders ...

Pedro Francke: relief in Peru as moderate is made finance minister

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After 24 hours of uncertainty and the worst Friday in years on the stock exchange, Peru’s new president, Pedro Castillo, has completed his cabinet, swearing in the moderate leftist economist Pedro Francke as finance m...

Vancouver judge’s decision over Huawei finance chief may deepen US-China row

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The prospect of a deepening diplomatic row between the US and China has grown after a Canadian judge refused to admit new evidence that might have helped the Huawei chief financial officer, Meng Wanzhou, avoid extradi...

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