Financial services companies are revising revenue expectations for 2020 downwards and planning to reduce operational budgets for the coming year.
Chancellor Rishi Sunak announced that UK will issue its first ever sovereign green bond (Green Gilts) and become the first country to make TCFD-aligned disclosures mandatory by 2025.
While private equity and venture capital funds (PEVC) assets under management are predicted to double, younger GPs are struggling to raise funds due to the changes brought about by Covid-19.
The Association of European Development Finance Institutions (EDFI) will exclude new coal and fuel oil financing and will limit other fossil fuel financing to Paris-aligned projects until generally excluding them by 2030 at the latest.
Markets underestimated the possibility of a narrow outcome in the US election, said a strategist.
The group’s $37bn stock market listing on 3 November was abruptly frozen by the Shanghai Stock Exchange as it failed to meet listing qualifications.