International

2 hours ago | September 22, 2023

It’s time for the world to stop building coal plants, once and for all

As the United Nations marks Climate Week in New York, heading into a global climate summit later this year, it’s time to ...

‘Climate change played major role in Libya floods’

Climate change made the storm that devastated the Libyan city of Derna, killing thousands of people, up to 50 times more ...

New €360m climate fund launches despite market downturn

The venture capital firm that bankrolled the “Tesla of tractors” is bucking the trend of retreating climate tech ...

Fed set to pause rate hikes, but don’t count out another increase

The Federal Reserve is expected to pause its interest-rate hikes Wednesday for the second time this year following a ...

‘Financial stability needs supervisors with the ability, will to act’

Keeping banks safe and sound, and anchoring financial stability, hinges as much on good supervision as on effective risk ...

2 days ago | September 20, 2023

Musk considers charging all X users monthly fee

AFP Muhammed Selim Korkutata / Anadolu Agency Elon Musk has suggested charging all users of his social media platform X, ...

3 days ago | September 19, 2023

The world is struggling to make enough diesel – here’s why

Jack Wittels, Rachel Graham, Chunzi Xu and Alex Longley Bloomberg The world’s oil refiners are proving powerless to make ...

1 week ago | September 15, 2023

Global debt returning to rising trend

The global debt burden retreated for the second year in a row, even though it remains above its already-high ...

Google turns 25, but will it survive AI?

September marks an important milestone in the history of the internet: Google’s 25th birthday. With billions of search ...

Inflation expectations drop for first time in two years

South African inflation expectations declined for the first time in two years, suggesting price-pressures have peaked ...

HSBC makes u-turn in dollar forecast

HSBC Holdings has made a u-turn on its dollar forecast, predicting the world’s reserve currency will now strengthen well ...

Oil price resurgence has further to run

When crude surges above US$90 a barrel and the leaders of Saudi Arabia and Russia get on the phone to congratulate each ...

Number of crypto millionaires nudges 90 000

There are 425 million crypto users around the world, and of these 88 200 are reckoned to be crypto millionaires, ...

2 weeks ago | September 8, 2023

Climate change: Developed nations must honour pledges

Business Writer Developed economies must honour their commitments to developing nations towards climate finance, ...

‘Climate change eating away Africa’s economic progress’

NAIROBI, Kenya. — Climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a ...

Heat pushing humans to the limit

Elderly people dying of dehydration, children born underweight, hundreds beset by heatstroke. That’s part of the toll ...

Funding of fossil fuels eclipses climate finance

Funding for polluting industries far outstrips support for climate change mitigation, a new report shows. Top banks are ...

‘China slowdown means it may never overtake US economy’

China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead ...

Money laundering poses risk to financial sector stability

Cross-border financial crime is here to stay. While people everywhere enjoy the convenience of a globally connected ...

Debt crisis threatens to engulf China’s surviving developers

China’s housing crisis has engulfed the country’s private developers, producing record waves of defaults and leaving a ...