Business - Page 255

The latest American Stock News Business News: breaking personal finance, company, financial and economic news, analysis into global markets

A greener, fairer, and more robust EU farm policy

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More support for those who apply climate- and environmentally-friendly practices Annual direct payments capped at €100 000, more support for SMEs Tailor-made measures to help farmers deal with crises Higher sanctions when someone repeatedly infringes rules, e.g. on environment or animal welfare The EU’s future farm policy should be more flexible, sustainable, and crisis-resilient, so

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Emerging and Frontier Markets: Policy Tools in Times of Financial Stress

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After the unprecedented hit to economic activity in emerging market economies from the COVID-19 pandemic, their economic output is projected to shrink by 3.3 percent in 2020. Central banks across emerging markets responded swiftly and forcefully with an unprecedented response of their own. They did this by using a variety of policy tools and, to a

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Rohingya conference pledges to ‘remain steadfast’ in finding solutions to crisis

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A joint UN-hosted donor conference to rally international support behind Myanmar’s displaced Rohingya minority, ended on Thursday with a promise to continue engaging with concerned countries towards finding a long-term solution to their plight. “We will continue to work together to maintain international attention on the Rohingya crisis and to shift from short-term critical interventions, to a

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Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad

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The Federal Reserve Board on Thursday announced it has fined the Goldman Sachs Group, Inc. $154 million for the firm’s failure to maintain appropriate oversight, internal controls, and risk management with respect to Goldman’s involvement in a far-reaching scheme to defraud a Malaysian state-owned investment and development company, 1Malaysia Development Berhad (1MDB). In 2012 and

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How the EBRD and CIF are driving investment in Kazakh renewables

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Rapid economic growth in Kazakhstan has brought a sharp upswing in electricity demand and usage. Per-capita gross domestic product (GDP) increased from below US $ 6,000 in the mid-1990s to over US$ 27,000 in 2019 and the country looked on course to meet its mounting resource demands by harnessing the coal resources in the North East. In recent years,

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Kosovo: Show solidarity in face of COVID, UN Mission chief urges

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“For places such as Kosovo, still suffering the consequences of past conflict, cooperation, unity of political voice and vision, dialogue and preventing extreme polarization should be the highest order priorities”, Zahir Tanin, head of the United Nations Interim Administration Mission in Kosovo (UNMIK), told the 15-member organ. Difficult balance Such solidarity, especially during the current

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