Market News

Davos 2023: The 5 key talking points set to dominate the agenda at this year’s World Economic Forum For one week in January, Davos becomes the focus of the world’s attention as the global elites all converge on the small alpine town for the annual meeting of the World Economic Forum (WEF). They will be […]

Market in Crypto-Assets (MICA) The much-debated Market in Crypto-Assets (MICA) Regulation is expected to enter into force in early 2023. MiCA is intended to close gaps in existing EU financial services legislation by establishing a harmonized set of rules for crypto-assets and related activities and services. Among other things, MiCA imposes restrictions on the issuance and […]

Given the ever-increasing risks of cyber-attacks, the EU is strengthening the IT security of financial entities such as banks, insurance companies and investment firms. Digital Operational Resilience Act (DORA) The Council adopted the Digital Operational Resilience Act (DORA) which will make sure that the financial sector in Europe is able to stay resilient through a severe […]

EU countries agree gas price cap to contain energy crisis The cap is the 27-country EU’s latest attempt to lower gas prices that have pushed energy bills higher and driven record-high inflation this year after Russia cut off most of its gas deliveries to Europe. Ministers agreed to trigger a cap if prices exceed 180 […]

The European Parliament removed Greek MEP Eva Kaili as a vice president of the assembly on Tuesday after she was accused of accepting bribes from Qatar in one of the biggest corruption scandals to hit Brussels. European Parliament strips Eva Kaili of VP role over Qatar graft scandal Kaili has denied any wrongdoing, but European lawmakers have acted […]

BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop the fuel to decarbonise. BP doubles down on hydrogen as fuel of the future Low-carbon hydrogen already has a big fan-base and is forecast to play a major role in […]

Inflation confusion increases odds of ECB mistake For the European Central Bank, the batch of euro zone consumer price data delivered on Wednesday contained a package of mostly bad news wrapped in a thin layer of good news. The positive spin is that headline inflation in November rose 10% year-on-year, down from 10.6% in October, […]

Trade is a major cause of global warming. Think of all those goods travelling from far away on polluting ships and raw materials and components whizzing across the world in complex supply chains. The world can harness trade to save the planet The right trade policies can also do a lot to save the planet. […]

Leaders of the Group of 20 (G20) major economies have issued a declaration deploring “in the strongest terms” Russia’s aggression against Ukraine.  G20 considers resolution condemning Russian invasion Leaders of the Group of 20 (G20) nations were considering a draft resolution on Tuesday in which most members strongly condemn the war in Ukraine and stress it […]

Green bonds have their critics, but as the market has grown, it has spawned a broader industry of sustainability bonds that seek to make borrowers change behaviour.  Decoding COP27: the many shades of green bonds One of the ways to raise funds for environmentally beneficial projects are through so-called green bonds. Banks, governments and businesses say financial markets […]

The Federal Reserve announced another massive interest rate increase in its fight against inflation, tightening its grip on the economy less than a week before midterm elections that will determine control of Congress. Fed jacks up interest rates again, hints at smaller increases ahead The Federal Reserve raised interest rates by three-quarters of a percentage point […]

Rishi Sunak has become the United Kingdom’s third prime minister in two months and pledged to lead the country out of an economic crisis and rebuild trust in politics New PM Rishi Sunak pledges to lead Britain out of economic crisis Rishi Sunak became Britain’s third prime minister in two months on Tuesday and pledged to lead the country out of a profound […]