Alice Hancock – Financial Times The EU has waded for the first time into the highly controversial debate on geo-engineering, a contested technology that involves manipulating the weather in order to fight climate change. The European Commission on Wednesday is set to call for international efforts...
Alice Hancock – Financial Times The EU will ban sweeping environmental claims such as “climate neutral” or “eco” by 2026 unless companies can prove the claim is accurate, as the bloc cracks down on greenwashing of consumer products. The rules, agreed late Tuesday, will also outlaw claims...
Ian Johnston, Alice Hancock, Harry Dempsey – Financial Times /jlne.ws/3Prqc5f Citigroup and BNP Are Among Banks Exploring $15 Billion Indian Ocean Project; Citi, BNP Paribas, StanChart among banks that have held talks; Indian ocean program to announce $200 million in new funding Antony...
Shotaro Tani and Alice Hancock – Financial Times European traders this summer are using only a fraction of Ukraine’s vast natural gas storage, following Russian attacks that drove up risks, depriving the war-torn country of scarce revenues. Ukraine has the largest underground storage facilities in...
Alice Hancock and Andy Bounds – Financial Times Brussels will scrap a plan to halve pesticide use, marking a further concession to protesting farmers who have spooked EU governments and another blow to its environmental agenda. The retreat by European Commission President Ursula von der Leyen is ...
James Shotter, Felicia Schwartz and Alice Hancock – Financial Times The US will bring a UN Security Council resolution to a vote on Friday calling for an immediate six-week ceasefire in Gaza as part of a hostage deal, as international pressure grows for Israel to rein in its offensi...
Christopher Miller and Isobel Koshiw and Alice Hancock – Financial Times Russia has knocked out or captured more than half of Ukraine’s power generation, causing the worst rolling blackouts since the start of its full-scale invasion in 2022. Moscow’s missile and drone attacks in recent months...
Kenza Bryan and Alice Hancock – Financial Times The UK and EU will push the world’s richest countries to end subsidies for foreign oil and gas operations and coal mining at a closed-door OECD meeting next month, according to people familiar with the matter. /jlne.ws/49c6zax Regulation ...
Alice Hancock – Financial Times The EU’s climate chief has warned the bloc must not be lured into a “false narrative” that action against global warming is undermining the competitiveness of European businesses, as Brussels fights a backlash against its ambitious environmental laws. Speak...
Bernard Goyder of Risk.net has a big scoop that BGC Group, led by Howard Lutnick, is in discussions with banks and principal trading firms (PTFs) to form a consortium that would have a stake in its electronic trading and exchange businesses. The story is titled “BGC forming consortium to...