Global economy & markets

Climate finance could make or break the COP26 summit. Here’s why

Vulnerable countries will need up to $300 billion per year by 2030 for climate adaptation alone, according to the UN

Chancellor’s UK Budget increases spending on skills, R&D

The Chancellor of the Exchequer Rishi Sunak announced an increase in public spending on R&D to £20 billion a year by 2024 and a total £3.8 billion increase in skills spending.

The only way is up: Corporate chiefs warn on prices

Multinational businesses are passing on their costs to consumers and predict that inflationary pressures will continue.

Carmakers shift up a gear in race to go electric

Auto manufacturer stakes in battery makers and startup joint ventures are part of the new electric vehicle landscape.

UK government extends Kickstart scheme, apprenticeship incentive for business

A raft of measures as part of the government’s Plan for Jobs also includes help for workers leaving furlough and those aged over 50.

Analysis: 5 elements driving global inflation

Oil and gas price increases, a shortage of chips, demands for pay uplifts, and more could cause inflation to linger longer than expected.

UK’s first green gilt draws record $137 billion demand

The UK sold 10 billion pounds of its first “green” government bond on Tuesday after attracting over £100 billion ($137 billion) of demand from investors.

Despite green talk, pre-COVID-19 oil demand seen returning soon

The International Energy Agency, OPEC, and the US Energy Administration all updated their world oil demand and supply estimates.

Markets fear a different ‘delta’

With one eye on the economic disruption from COVID-19's Delta variant, financial markets are just as concerned about a different “delta”: the ebbing rate of global credit creation.

UK furlough scheme approaches end; companies face homeworking decisions

The furlough scheme remains in place until 30 September with 11.6 million jobs supported so far and 7% of businesses’ workers currently in the scheme.

China to push on with opening capital markets to foreign investors

China Securities Regulatory Commission officials point to cross-border cooperation on regulation, and possible expansion of stock connect schemes.

Amazon CEO unveils 55,000 tech jobs in first hiring push under his watch

Chief Executive Andy Jassy says the company needs more firepower to keep up with demand in retail, the cloud, and advertising, among other businesses.

COVID-19 resurgence, tight labour market lead to drop in US optimism

Finance professionals remain optimistic overall about their businesses’ economic prospects, but that optimism is tempered by the spread of the COVID-19 delta variant and other concerns in the third quarter.

Prices are rising, but is it inflation?

Rising prices have economists debating whether trouble is brewing, but a lot can be explained by the pandemic.

How finance can shape Africa’s push into new music markets

Management accounting skills can be harnessed to turn creative talent and ideas into sustainable business ventures.

Tin mining at sea

COVID-19-driven demand for consumer electronics sent tin prices soaring, leading miners in the world’s largest tin-exporting country to head offshore.

Video: Norwegian Air, Lufthansa hopeful over rebound

Norwegian Air says it’s hopeful over a rebound as Europe reopens, while Lufthansa says its cash flow has now turned positive again.

South Africa aims to bring pilot carbon capture project online in 2023

Injecting underground the CO₂ from coal-driven electricity generation is a controversial solution for South Africa’s greenhouse gas challenge.

Global dividends to near pre-pandemic levels in 2021, report says

Limits placed on bank dividends had a considerable effect on 2020 payouts, but a latest global estimate is for an 8.5% “underlying rebound” in 2021.

Morocco, Kenya, and Ghana economies set to grow fast in 2021

Five major African economies are forecasting growth rates this year above 4%, data shows.

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