The central role of financial markets in advancing the global transformation towards more sustainable economies has been overshadowed during the turbulent year 2022 on European energy markets, sustainable finance researcher Franziska Schütze of the German Institute for Economic Research (DIW) says. To make up for some lost progress due to the energy crisis, a focus … Read more
This year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel went to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig, on Monday (Oct. 10).As the threat of a global recession looms and Credit Suisse fights off rumours of a Lehman-style collapse, the prestigious award recognized the three laureates “for research … Read more
KABUL, Dec 22 (Reuters) – Afghanistan's Taliban-run administration said on Thursday it had closed universities to women partly due to female students not adhering to its interpretation of the Islamic dress code, in a decision that was condemned globally.Female university students were turned away from campuses on Wednesday and the higher education ministry said their … Read more
JANUARY 4, 2023 — The UTSA Office for Research, Economic Development, and Knowledge Enterprise (REDKE) announced its top-line results for FY 2022, with research expenditures once again achieving an institutional record high.UTSA research expenditures for FY 2022 were $141.5 million, the third year in a row that expenditures surpassed $100 million. Faculty members and researchers … Read more
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As the Roman God Janus (for which of course the month January takes its name) reflects both looking backwards and forwards in transition, the dawn of a New Year provides a great opportunity to pause and consider where the cyber insurance industry is heading in 2023. To bastardize an overused quotation from Niels Bohr (the … Read more
The White House 1600 Pennsylvania Ave NW Washington, DC 20500 Bali, Indonesia, 15-16 November 20221. Fourteen years ago, the Leaders of the G20 met for the first time, facing the most severe financial crisis in our generation. We recognized, as large global economies, that collectively we carry responsibilities and that our cooperation was necessary to … Read more
E-commerce giant Alibaba (BABA) and other Chinese stocks rallied at the open on Wednesday amid easing regulatory concerns.Ant Group, an affiliate of Alibaba, received approval from regulators to raise $1.5 billion for its consumer finance unit. The move would make it easier for the fintech giant, of which Alibaba owns 33%, to restart any efforts … Read more
Credit: Peter Gallagher/Unsplash When it comes to the devastating impact of climate change, most people think of the harm inflicted on lives and livelihoods. Yet the effects of more frequent and extreme weather are just as consequential for the health of financial systems.The physical impacts of climate-related shocks, such as hurricane damage to power grids, affect financial … Read more
JERUSALEM, Jan 4 (Reuters) – Israeli Finance Minister Bezalel Smotrich on Wednesday named attorney Shlomi Heisler as director general of the finance ministry.Heisler was most recently head of the National Infrastructure Committee and is now the most senior civil servant at the treasury. He replaces Ram Belinkov, who on Tuesday said he was stepping down … Read more