On Monday, Christine Lagarde, President of the European Central Bank said, the bank is setting up a climate change centre to coordinate its thinking on how to best incorporate climate issues into monetary policy and banking supervision. “We are now… Read More ›
With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
On Friday, in a statement, China’s top banking and insurance regulator said, the sector has written off $466.6 billion (3.02 trillion yuan) in non-performing assets in 2020, up by more than 50% from a year ago. At the end of… Read More ›
With U.S. President Joe Biden signing an executive order which sees the United States rejoining the Paris climate agreement, a group of Republican senators called on him to submit his plan to re-engage the United States in the landmark accord…. Read More ›
In a statement the White House said, Daniel Smith, director of the Foreign Service Institute (FSI), has been appointed as acting secretary of state following Joe Biden’s swearing in as President. Smith will fill the role temporarily until Biden’s nominee,… Read More ›
According to sources familiar with the situation, the United Arab Emirates has signed a deal with the United States to buy 50 F-35 fighter jets and up to 18 armed drones. Both countries were working to ink the deal before… Read More ›
On Thursday, according to a report from the Times newspaper, a German proposal could see European governments allowing a ban on all UK residents from entering their respective countries along with cutting off all passenger transport links with Britain. The… Read More ›
In a significant development, the European Union called on incoming U.S. President Joe Biden to form a “new founding pact” with Europe and collaborate on a wide range of issues including security, freedom, peace, prosperity, and human rights. “Today is… Read More ›
U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
According to two sources familiar with the internal deliberations, U.S. President-elect Joe Biden Administration is weighing the odds of creating a White House position focused “on competition policy and issues relating to antitrust”. One of the sources has cautioned that… Read More ›
