Market News

Scottish First Minister Nicola Sturgeon announces shock resignation Scotland’s longest-serving first minister, Nicola Sturgeon, has announced her intention to resign, saying that part of serving in politics is knowing when it is time to make way for someone else. Speaking at a news conference at her official residence in Edinburgh, Bute House, Sturgeon said she […]

Turkey-Syria earthquake: first aid convoy due to reach Syria today The official death toll of the devastating earthquake in Turkey and Syria jumped to more than 16,000 people on Thursday, as overwhelmed rescuers warned that the number would grow significantly with families still trapped under the rubble. The magnitude 7.8 quake – the deadliest in […]

The stronger-than-expected performance was in large part due to growth of 0.5% in the German economy. Eurozone economy unexpectedly expands in Q4 The euro zone eked outgrowth in the final three months of 2022, avoiding a recession even as sky-high energy costs, waning confidence and rising interest rates took a toll on the currency bloc’s […]

After weeks of reluctance, Germany has agreed to send Leopard 2 tanks to Ukraine, in what Kyiv hopes will be a game-changer on the battlefield. Germany to send scores of tanks to help Ukraine fight Russian invasion The United States said on Wednesday it would supply Ukraine with 31 of its most advanced battle tanks […]

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. […]