TAG: Finance
ECB signals historic break from QE era with new operating framework
The European Central Bank outlined major changes to the way it works on Wednesday, aiming to scale down its presence in financial markets after 15 years of emergency measures.During the financial crisis, the ECB took up a far more active role in European...
6 months ago
EU snubs dying solar manufacturers as China poised to swallow market
BRUSSELS — Europe’s solar producers are hurtling towards extinction after the European Union hinted Tuesday that it wouldn’t bail out ailing manufacturers, according to a person familiar with closed-door talks — a move that puts thousands of jobs at risk...
6 months ago
EU and US push China to help them write big new climate check
Western diplomats are preparing for a showdown with China over its reluctance to commit to funding for poorer countries struggling to cope with climate change.Governments are trying to source hundreds of billions of dollars of public money annually for th...
6 months ago
Why people in finance should lift weights and do strength training
Graham Ambrose has never felt stronger. He can barbell back squat 145kg (320 lbs) for four sets of six repetitions and bench-press more than 100kg for a single rep. His friends and colleagues notice that his clothes fit tighter and he’s fond of posting mi...
6 months ago
ECB’s Lagarde digs in as US pushes Europe on using Russian assets for Ukraine aid
WASHINGTON — European Central Bank President Christine Lagarde dug in her heels on the issue of Russia's frozen assets, despite growing pressure on Europe to raise funds for Ukraine. Speaking at the Council for Foreign Relations on Wednesday, Lagarde stre...
5 months ago
UK will be worst-performing G7 economy in 2025, OECD forecasts
The U.K. will be the worst performing G7 economy next year as high interest rates and restrictive fiscal policy hampers medium to long-term economic growth, the Organisation for Economic Cooperation and Development (OECD) has predicted. In its annual asse...
5 months ago
Climate entrepreneurs are coming for Europe’s money
BRUSSELS — Stefan Borgas already runs a multibillion-dollar Austrian company that supplies iron and steel factories. But that’s not exactly why he was in Brussels. Borgas was in the capital of the European Union seeking millions for a pet project that doe...
4 months ago
Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank mee...
2 months ago
Switzerland cuts key interest rate again as EU turmoil sends franc surging
The Swiss National Bank cut its key interest rate again, taking the edge off a franc that has been surging in response to European political uncertainty.A second successive cut of 0.25 percentage point cut leaves the SNB’s policy rate at 1.25 percent and...
2 months ago
Wopke Hoekstra nominated as Dutch EU commissioner
The Netherlands wants Wopke Hoekstra to return to the European Commission, Dutch Prime Minister Dick Schoof announced Tuesday."This gives the Netherlands a strong candidate for a substantial portfolio. I informed the House of Representatives this morning,...
2 months ago
Trump’s courting of the crypto industry could spell trouble for Europe
Europe is gearing up for an unprecedented Trumpian endorsement of one of the most feared technologies in policymaking circles: crypto.On Thursday, proponents of the controversial technology will descend on Nashville for a three-day conference at which Tru...
2 months ago
Europe’s €10 trillion gamble
BRUSSELS ― Unlike Americans, Europeans don’t take risks. If they did, the €10 trillion they have languishing in their bank accounts ― that’s more than a third the size of the U.S. economy ― could be invested in the stock market instead. That would give co...
2 months ago
The killjoy’s guide to how the financial turmoil might screw up your life
BRUSSELS ― What if everything suddenly got really, really bad?What if, instead of getting respite after years of pandemic, war, terrorism and, most recently, global IT paralysis, it all just kept getting worse?Because in the past few days a wave of volati...
2 months ago
The battle over Iran’s terror financing
It’s the Middle East’s quiet war. How can you cut Hezbollah off from its lifeblood — Iranian petrodollars?While the world’s attention has been focused on Gaza and the intensifying skirmishes farther north between Israel and Lebanon’s Hezbollah, which dip...
1 month ago