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Green News

COP27: Austria pledges €50m for loss and damage from climate change

Just four other governments have committed small amounts for loss and damage funding.

Climate

Loss and damage is finally on the agenda at COP27. What now?

G77 and China debated into the early hours on Sunday morning, with loss and damage ending up on the COP27 agenda.

Green News

World leaders must bring us back on track at COP27, UN chief warns

António Guterres urged global leaders at the upcoming climate summit in Egypt to put the world back on track to cut emissions.

Money

France, Switzerland and Singapore test cross-border CBDC payments

Their central banks are trialling DeFi protocols to automate foreign exchange markets. Should the crypto industry worry?

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Green News

Euroviews. View: We need to listen to vulnerable nations about loss and damage

Finding a solution for loss and damage will provide new pathways for investments into sustainable development for the global community.

Green News

EU countries seek common stance on climate compensation ahead of COP27

Developing countries say COP27 must establish a fund to support countries struck by climate impacts.

Climate

7 big questions for Egypt’s chief climate negotiator ahead of COP27

In an exclusive Q&A, Ambassador Mohamed Nasr lays out Egypt's ambitions for the UN climate conference in Sharm el-Sheikh.

Green News

Denmark becomes first to pledge funding for climate ‘loss and damage’

The government said it was ‘grossly unfair’ that those least responsible for climate change were forced to foot the bill for the consequences. Will other countries now do the same?

Money

UK financial watchdog warns users against crypto exchange FTX

"This firm is not authorised by us and is targeting people in the UK," the Financial Conduct Authority said in a statement.

Climate

African leaders demand action on ‘broken promises’ at climate summit

Four EU countries pledged €55 million to the flagship Africa Adaptation Acceleration Program but the funding gap remains wide and key decision-makers were absent.

Money

Are these the 10 most crypto-friendly countries in the world?

Crypto has taken off around the world, going from hype to reality - but digital currency hasn’t been embraced with the same enthusiasm everywhere.

Money

Amid inflation and a cost of living crisis, is cash making a comeback?

As prices rise, the UK Post Office has seen record levels of cash withdrawals. But does this mean people are turning more to cash and away from cards?

Europe Decoded

For the Russian banks banned from SWIFT, are there any options left?

SWIFT is the leading system to carry out financial transactions, but it is not the only one.

Climate

Climate damage likely amounts to €trillions. Who owes who for what?

Many in the Global South argue that the case for climate reparations is now irrefutable, but coming to an agreement on who pays for them is complicated.

Money

Inside Qonto’s quest to lead Europe’s fintech race

We spoke with Qonto’s co-founder and CEO Alexandre Prot on plans to lead Europe’s fintech market, the role of cryptocurrencies and the future of challenger banks.

World News

G20 finance leaders in Bali to tackle Ukraine and inflation

Top financial officials from the Group of 20 leading rich and developing nations met on the Indonesian island of Bali on Friday seeking strategies to counter the economic fallout from the war in Ukraine, inflation and other global crises.

Tech News

Crypto lender Celsius files for bankruptcy after freezing withdrawals

The cryptocurrency lending platform Celsius Network has filed for bankruptcy after pausing customer withdrawals last month.

Partner content

Fintech - Will it replace traditional banks?

Partner content presented by Department of Tourism and Commerce Marketing Dubai

Open banking has facilitated the rise of embedded finance – but is this a safe way to enhance the consumer experience or does it carry hidden risks?

No Comment

Ballet school in Rio favela risks closure due to lack of funds

410 students between the ages of 6 and 29 take free dance classes in Manguinhos, a favela in the north of the Brazilian city, while another 700 are on the waiting list.

Green News

Euroviews. View: Billions of euros in aid are being rerouted into climate finance

A new report reveals that much of the public climate finance reported by rich countries was actually taken directly from development aid budgets.