As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar.
Tag: Banking and Financial Institutions
Russia Raises Interest Rate to 21 Percent, Its Highest in Decades
Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets
The economic lifeline is expected to be disbursed by the end of the year.
U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets
Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.
Residents in Lebanon Flee as Israel Strikes Hezbollah-Affiliated Financial Institution
Branches of Al-Qard al-Hasan, which functions as Hezbollah’s de facto banking arm but also operates as an alternative bank for Lebanese, were targeted around Beirut and across the country’s south and east.
A Climate Fund Could Pay Billions to Protect Trees in Amazon and Beyond
Brazil is proposing a fund that would pay countries to protect tropical forests that are crucial to curbing climate change. It would generate returns, too.
U.S. Raises New Concerns Over Chinese Lending Practices
A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
$50 Billion in Aid to Ukraine Stalls Over Legal Questions
U.S. and European officials are struggling to honor their pledge to use Russian assets to aid Ukraine.
Online Credit Unions Offering High Interest Rates on Savings May Be Fakes
Ontario’s financial regulator has issued warnings about three websites illegally claiming to be credit unions, but it is powerless to close them.
Lebanon Detains Riad Salameh, Former Head of Central Bank
Riad Salameh, once seen as an international financial wizard, is the subject of multiple inquiries and has attracted blame for the country’s economic crisis.