Climate change funds efficient source of profit June 22, 2010 AS THE western world enters the age of austerity, finding sectors with strong growth potential will be the challenge for investors. Climate change is one area that has astounding prospects. The International Energy Agency (IEA) estimates that between $1 trillion and $2 trillion a year will need to be invested over the medium to long [...]
World weighs nuclear power amid concerns March 15, 2011 THE PROSPECT of a nuclear-free Europe was raised yesterday, after the EU official in charge of energy said stress tests needed to be undertaken. The development marks a dramatic turnaround for the European Union, whose member states have been at the forefront of a nuclear energy revival. Yet the unravelling nuclear crisis in Japan has [...]
Head of CBI makes first big changes February 13, 2011 THE new director of the CBI, John Cridland, has made a raft of changes to his senior management team in his first major act at the top of the business employers’ group. Cridland, who took over from Richard Lambert last month, has appointed two of his staff to senior roles as he looks to make [...]
Head of CBI makes first big changes February 13, 2011 THE new director of the CBI, John Cridland, has made a raft of changes to his senior management team in his first major act at the top of the business employers’ group. Cridland, who took over from Richard Lambert last month, has appointed two of his staff to senior roles as he looks to make [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 18, 2011 FINANCIAL TIMES FEARS OVER RETREAT ON VOLCKER BANK RULES The Volcker rule, which bans US banks from trading for their own account, is set to include exemptions that some officials fear will weaken its impact, people familiar with the situation have warned. In the wake of UBS’s $2.3bn (£1.4bn) loss last week, alleged to have [...]
Carbon trading to re-open slowly January 20, 2011 THE European Union will reopen its emissions trading scheme step by step as security improves, after a possibly concerted theft by hackers of carbon permits worth up to €30m, EU officials said. The EU yesterday imposed a week-long freeze on spot trade in its carbon market, the bloc’s chief weapon for fighting climate change, after [...]
US home sales and Atlantic factory data disappoint August 23, 2011 Disappointing new economic data from the US has raised further fears over its ability to recover from recession. Manufacturing output in the central Atlantic region of the US fell again in August as orders and shipment growth slowed, figures from the regional Federal Reserve Bank of Richmond showed. The Richmond Fed’s composite index of factory [...]
BP forecasts emissions rise January 19, 2011 CARBON emissions will continue to rise over the next 20 years, with measures to reduce climate change outstripped by increased energy demand from emerging economies, according to analysis by BP. The oil major predicted yesterday that global demand for fuel is likely to grow by nearly 40 per cent by 2030, with 93 per cent [...]
Bernanke fails to rule out QE3 October 4, 2011 IN A testimony to the US Congress yesterday, Federal Reserve chairman, Ben Bernanke largely rehashed language used in recent speeches, such as his address at the Jackson Hole symposium in August and his speech to the Economic Club of Minnesota on 8 September. However, forex market reactions leaned more on what the Fed chairman didn’t [...]
Job cuts show bonus benefits July 31, 2011 THE announcement that Credit Suisse is to cut 2,000 jobs follows an accelerating trend of redundancies in the banking industry, with some commentators speculating the total job losses across the sector could total over 50,000 this year. Many will arise as banks reassess business models in the light of changes to the economic climate and [...]