Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem services A senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing risk to the global economy. Frank Elderson, a member of the ECB’s executive board, said the eurozone lender of last resort was stepping up its monitoring of the financial risks linked to the destruction of “ecosystem services”, which are nature-related processes or assets that support human activity. Continue reading…
Treasury secretary’s notepad, photographed by Reuters on Friday morning, prompts questions over US plans During a cabinet meeting at Camp David on Friday, the US treasury secretary Scott Bessent carelessly revealed plans for the US to buy $5bn-$10bn in Japanese yen in a scribbled “to do” list left visible to a Reuters photographer. The image, taken over Bessent’s shoulder during a portion of the meeting open to journalists, showed a Camp David notepad with the underscored words “To Do” followed by “Buy Japanese Yen (JPY) $5-10 bil”. Continue reading…
The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.
Chevron reported its highest quarterly earnings ever. Shell had its second-biggest quarter, and ExxonMobil doubled its earnings compared with the same time last year.
Many countries talk about wanting to boost manufacturing. Decades ago, Brazil did it. They lured international businesses to build a whole bunch of factories in the middle of the Amazon. So, with hindsight, was the plan a success? Planet Money goes to the Amazon to find out.
Újabb észak-koreai fegyverszállítmányt kapott Oroszország: az ázsiai ország ballisztikus rakétáit el is kezdték Ukrajna ellen használni. Támadás ért egy amerikai drónüzemet Kijevben, a létesítmény kiégett. Az orosz erők lassan elérik Szlovjanszkot, 10-13 kilométerre vannak a Nyugat-donyecki várostól. Mindeközben már a harmadik hete tüntetnek Ukrajnában a leváltott védelmi miniszter pozíciójába való visszahelyezését követelve, Kijevben több ezren gyűltek össze. Cikkünk folyamatosan frissült az orosz-ukrán háború pénteki fejleményeivel.
Az olaszországi repülőtéri és kikötői határokon is helyreállították a Spanyolországból érkezők ellenőrzését - jelentette be a schengeni egyezmény felfüggesztését az olasz belügyminisztérium pénteken.
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