Project Financings Being Hurt By Climate Change Lawsuits Climate activists, like so many on the left, weaponize litigation as they pursue an all out assault on western civilization. Whether directed against the host government or the projects themselves, climate change lawsuits are hurting project financings, especially in developing countries. Progressives from wealthy countries are weaponizing climate change lawsuits and
FinTech Is Driving Rise In Financial Inclusion Financial inclusion is on the rise globally, accelerated by mobile phones and the internet, FinTech is driving rise in financial inclusion but gains have been uneven across countries. A new World Bank report on the worldwide use of financial services also finds that men remain more likely than women to have
Annual Report On Business Regulations Business Regulations that enhance business activity and those that constrain it are examined in World Bank Annual Report On Business Regulations, entitled Doing Business 2017. It is the 14th annual World Bank Report on global business regulations. The research presents quantitative indicators on business regulations and the protection of property rights that can be compared across
Global Reserve Currency May No Longer Be US Dollar The issue of when a global reserve currency begins or ends is not an exact science. There are no press releases announcing it, and neither are there big international conferences that end with the signing of treaties and a photo shoot. Nevertheless, we can say with confidence that the
Compliance In Trade Finance Due Diligence Companies involved in international trade have for many years used trade finance instruments as tools to manage risk when importing and exporting internationally. The trade finance deal structure, when engineered correctly, goes a long way towards ensuring that cross-border transactions are structured to protect our clients against late payments, political risk, delayed delivery,
Global Shortage Of Trade Finance Is Crushing Small Business The worldwide shortage of trade finance has reached $1.6 trillion US according to a recent study by the Asian Development Bank. A shortage of trade finance of this magnitude is having a crushing effect on small businesses worldwide, many of whom cannot find trade finance for their business. The International
An Aleppo update shows that evacuations from Aleppo were completed in the aftermath of the resurgent Syrian Army’s success in establishing complete control, even as the United Nations passed a resolution Wednesday to establish an independent panel to investigate possible war crimes in Syria. The resolution passed in the General Assembly with 105 countries in favor, 15 against and 52
NEW YORK/FRANKFURT Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank's Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was hit hard
LONDON European stocks edged higher on Friday helped by banks after two regional bellwethers settled U.S. mortgage securities probes, while oil and the dollar were on the back foot in light trading ahead of the Christmas break. In another boost to European financials, a bailout for Italy's oldest bank Monte dei Paschi was approved as the country's government looks to
WASHINGTON A federal judge said on Thursday that Volkswagen AG (VOWG_p.DE) has reached an agreement in principle to provide "substantial compensation" to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which is not included in a
