EU approves new round of Russia sanctions targeting energy, steel, defence sectors
The European Union formally approved on Tuesday a new barrage of sanctions against Russia for its invasion of Ukraine, which include bans on investments in the Russian energy sector, luxury goods exports and imports of steel products from Russia.
EXCLUSIVE Major buyers of Russian oil struggle with bank guarantees -sources
The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure guarantees at Western banks or find ships to take crude from one of the world’s largest producers.
EU unlikely to cut Russia off SWIFT for now, sources say
The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.
Explainer: Western sanctions on banks only scratch surface of Fortress Russia
The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of two separatist regions in Ukraine as independent entities.
EXCLUSIVE EU, Gates Foundation to support African medicines agency -source
BRUSSELS, Feb 11 (Reuters) – The European Union and the Gates Foundation are set to announce a package of financial support for the nascent efforts to set up an African medicines regulator in a bid to boost the continent’s drugs and vaccine production, a person familiar with the matter told Reuters. The treaty establishing the […]
Explainer: Do 5G telecoms pose a threat to airline safety?
Major international airlines rushed to rejig or cancel flights to the United States ahead of a 5G wireless rollout on Wednesday that has triggered safety concerns, despite wireless carriers saying they will delay parts of the deployment.
Analysis: Weak winds worsened Europe’s power crunch; utilities need better storage
Wind speeds were milder than usual in Europe this year, so windmills across the bloc generated less electricity which worsened a crunch that sent power prices to record highs as utilities had to buy more coal and scarce, costly, natural gas.
U.S., Germany plan new restrictions as Omicron rattles investors
The United States and Germany joined countries around the globe planning stricter COVID-19 restrictions on Thursday as the new Omicron variant rattled markets, fearful it could choke a tentative economic recovery from the pandemic.
Analysis: EU adds more pieces to its ‘elusive’ capital market jigsaw
The European Union has moved a step closer to its vision of creating a single capital market across the bloc, a slow moving process but one that is chipping further away at Britain’s status as Europe’s investment banker.
ESG appears to have become an integral part of risk assessment!
The process of incorporating environmental, social, and governance issues into investment decisions, resulting in increasing longer-term investments in sustainable economic activities and projects, is known as sustainable finance. ESG investing must have evolved through time to meet the needs of organizations and clients and individual investors, as well as some government agencies, who want to […]
