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Business leaders gathered in Riyadh for Future Investment Initiative sound the alarm on high interest rates and geopolitical conflicts, highlight AI s positive role

Leaders from the world of finance and business convened in Riyadh issued a warning on Tuesday about the many perils the world currently faces, including geopolitical conflicts, economic uncertainties, high inflation and climate issues.

India-dominated clearing union moves toward rupee settlement

India Business News: Nine central banks linked to a South Asia-focused clearing house have reached a consensus to settle trade in local currencies, including the Indian ru.

China scaling back spending in Southeast Asia, report says

Developing countries need lots of money to fight climate change: Nigeria

Developing countries need lots of money to fight climate change, which is being manifested in devastating floods and rising desertification, specially in African nations, a senior official of the Nigerian government said on Thursday.The world needs USD four trillion every year to fight climate change, the adviser to Nigerias Finance Ministry, Mahmoud Isa-Dutse told PTI on the sidelines of the ongoing G20 meeting here.To fight climate change problems, one needs lots of money.

As banks fund oil pipeline, campaigners question their environmental pledges

Activists have accused an association of banks claiming to adhere to principles safeguarding people and the environment of “greenwashing.” Two signatories of the Equator Principles are currently advising East African governments and their oil major partners on securing finance for the EACOP pipeline. Banks signing up to the Equator Principles commit to respecting a set […]

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