David Malpass has faced continuing criticism from those who question his commitment to climate action as well as the bank’s track record.
Tag: Banking and Financial Institutions
In Bid to Show It Is Open, Hong Kong Bends Covid Rules … for Some
Three splashy events this week were meant to prove that the former British colony was still “Asia’s World City.” But Covid exemptions were provided for visitors from overseas, especially the wealthy ones.
Oleg Tinkov, Former Banking Tycoon, Renounces Russian Citizenship
The multimillionaire said on Instagram that he “can’t and won’t be associated with a fascist country.”
As the Bank of England’s Intervention Ends, Unease Returns to the Bond Markets
A two-and-a-half-week program of bond buying came to a close on Friday, leaving investors nervous about what will happen when markets reopen on Monday.
Kwasi Kwarteng Is Fired as U.K. Finance Minister
Kwasi Kwarteng, the chancellor of the Exchequer, was under pressure to reverse his fiscal plan after it rattled markets and prompted an open backlash among politicians.
Kwasi Kwarteng, Top U.K. Finance Official, Cuts U.S. Trip Short
Kwasi Kwarteng, the chancellor of the Exchequer, is under pressure to reverse his fiscal plan after it rattled markets and prompted an open backlash among politicians.
Amid Turmoil, Can Truss Afford to Hold on to Tax-Cutting Plan?
Prime Minister Liz Truss and her chancellor of the Exchequer, Kwasi Kwarteng, say they are holding steady on their plans, but experts believe concessions are inevitable.
Balancing Extremes
The Federal Reserve is trying to tame inflation without wrecking the economy.
Biden Calls on World to Punish Russia for Attempt to Annex Ukrainian Land
The U.S. imposed new sanctions on Russian officials and companies, and penalized foreign businesses aiding the Russian military. But officials are holding back on energy sanctions.