Latest in Climate breakdown will hit global growth by a third, say central banks
Sort by
4,712 items
-
Climate breakdown will hit global growth by a third, say central banks
New modelling finds risk to global economies much worse than previously thought, but group of central banks says even this may be an underestimate. The physical shocks caused by climate breakdown ...World - The Guardian - 6 hours ago -
European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December.Business - CNBC - October 23 -
US central bank boss says Trump can't fire him
The US central bank cuts interest rates, as its chairman vows to stay on the job.Top stories - BBC News - 20 hours ago -
European Central Bank set for third interest rate cut of the year in meeting this week
Markets are eyeing two more rate cuts from the euro area's central bank this year amid a weak growth outlook and lower inflation.Business - CNBC - October 14 -
Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...World - The Guardian - October 21 -
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Business - CNBC - October 23 -
Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say
Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.Business - CNBC - October 28 -
‘Essential to act now’ to prevent chaotic climate breakdown, warns UN chief
On the eve of Cop29 in Baku, António Guterres says dangers are underestimated as irreversible tipping points near. The world is still underestimating the risk of catastrophic climate breakdown and ...World - The Guardian - 14 hours ago -
Growth hit by freeze on tax thresholds, says BoE official
‘Tax-bracket creep’ has hit middle earners hardest, warns Catherine Mann ahead of a likely Budget extensionBusiness - Financial Times - October 24 -
UK must raise its climate ambition to restore global reputation, says adviser
Businesses urge Labour to adopt CCC recommendations and set out ‘ambitious and investable’ goalsBusiness - Financial Times - October 25 -
Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says
Global public debt hit a record $97 trillion in 2023, prompting the UN to call for urgent reforms for governments and financial systems around the world.Business - CNBC - October 31 -
Asia needs to spend much more to adapt to climate change and limit its damage, bank study says
A study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt ...World - ABC News - October 30 -
Trump’s victory sets up traps for central banks
The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off againWorld - Financial Times - Yesterday -
Biden to skip global climate summit again
{beacon} Energy & Environment Energy & Environment The Big Story Biden won't attend this year's climate summit President Biden won't attend this year's COP29 climate summit, according to a White ...Politics - The Hill - 6 days ago -
Global climate community braces for Trump 2.0
Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story Global climate community braces for Trump 2.0 The reelection of former President Trump is ...Politics - The Hill - Yesterday -
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...World - The Guardian - October 15 -
China’s economy grows 4.6% in third quarter
Lowest figure in year and a half comes as Beijing steps up stimulus effortsBusiness - Financial Times - October 18 -
South Africa’s first Black central bank governor dies aged 65
Tito Mboweni served as labour minister in Nelson Mandela’s first cabinetBusiness - Financial Times - October 13 -
Here are the three things to watch when the European Central Bank meets
Will the ECB commit to more rate cuts with inflation below its 2% targetBusiness - MarketWatch - October 15 -
European Central Bank, seeing no signs of recession, cuts interest rates again
The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after ...World - ABC News - October 17 -
Chinese equities jump as central bank rolls out support for the stock market
Chinese stocks rallied Friday for the first time in four days as the central bank rolled out promised support for the stock market.Business - MarketWatch - October 18 -
Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.Business - CNBC - October 25 -
Switzerland is now flirting with deflation, causing a dilemma for its central bank
Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.Business - CNBC - October 31 -
Lebanon's detained former central bank governor faces new corruption charge
A Lebanese judge has charged the country’s detained former central bank governor with illicit enrichment and issued an arrest warrantWorld - ABC News - October 31 -
Central banks need escape route from cycle of boom and bust
We should debate excessive policy easing and the neglect of credit and debt developmentsWorld - Financial Times - 6 days ago -
Global climate disaster inevitable if action not taken soon, U.N. warns
The U.N. said that the world is now in "climate crunch time" as greenhouse gases have hit "unprecedented levels."Top stories - CBS News - October 25 -
Amid Climate Crisis, Svalbard Global Seed Vault Gets a Huge Deposit
A storage facility in Norway built to safeguard crop diversity recently received more than 30,000 samples as concerns grow about climate change and food insecurity.World - The New York Times - October 29 -
‘A wrecking ball’: experts warn Trump’s win sets back global climate action
Election of a ‘climate denier’ to US presidency poses ‘major threat to the planet’, environmentalists say. US election results 2024: live map and tracker Senate and House results 2024: live ...World - The Guardian - 2 days ago -
U.S. Election Sends Alarming Message for Global Climate Efforts
The Trump victory sets back the world’s attempt to rein in dangerous levels of warming and potentially isolates the United States in the global energy transition.Science - The New York Times - 2 days ago -
U.S. Election Sends Alarming Message for Global Climate Efforts
The Trump victory sets back the world’s attempt to rein in dangerous levels of warming and potentially isolates the United States in the global energy transition.World - The New York Times - Yesterday -
‘It’s boom time’: Renewable growth is faster in the global south than in rich countries
Energy consultancy RMI says emerging economies could overtake rich nationsWorld - Financial Times - October 16 -
Tariff surge would damage global growth, IMF warns
In a forecast two weeks before US election the fund says greater protectionism would drag down world economyBusiness - Financial Times - October 22 -
U.S. Remains Engine of Global Growth in New IMF Forecasts
The International Monetary Fund issued its latest World Economic Outlook report, saying American economic resilience should buoy worldwide growth.Business - Inc. - October 23 -
China reports third-quarter GDP growth of 4.6%, slightly beating expectations
Beijing has faced public scrutiny over its ability to meet its own annual growth target of "around 5%."Business - CNBC - October 18 -
Chinese Growth Comes in Cooler as Investors Pin Hopes on Stimulus
Wobbly data for the third quarter underscores challenges for Beijing policymakers seeking to boost economic activity.World - The Wall Street Journal - October 18