Europe’s wind industry flags further weakness in 2023 despite energy demand
The European wind industry has warned of continued difficulties in 2023 as high materials costs and slow approvals for new...
Banking
Hungary’s Credit Grade Cut at S&P as EU Continues to Block Funds
(Bloomberg) -- Hungary was cut to the lowest investment grade by Standard & Poor’s Global Ratings as Prime Minister Viktor Orban’s administration struggles to unlock billions of euros in European Union funding.The ratings company lowered the country’s credit score by one step to BBB-, according to a statement late Friday. The outlook for Hungary is stable, S&P said.“The downgrade follows a series of economic shocks to Hungary in the context of the Covid-19 pandemic and the Russia-Ukraine conflict, which have impaired the policy flexibility of fiscal and monetary authorities” S&P...
Italy partners with Algorand to become the first EU country to adapt banking systems with Blockchain
Italy has chosen the Algorand blockchain to make improvements to its existing banking systems from 2023. This officially makes Italy...
THE BANKERS INVESTMENT TRUST: Banking on growing dividends
THE BANKERS INVESTMENT TRUST: £1.3bn fund that's banking on 57 years of growing dividendsBy Jeff Prestridge, Financial Mail on Sunday...
Fed Set to Shrink Rate Hikes Again as Inflation Slows
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Federal Reserve officials are set to shift down the pace of interest-rate hikes again in the coming week amid signs of slowing inflation, while Friday’s jobs report may show steady demand for workers that improves the chances of a soft landing for the the world’s largest economy.Policy makers are poised to raise their benchmark federal funds rate by a quarter percentage point on Wednesday, to a range of 4.5% to 4.75%, dialing back the size of the...
Banks o’ Dee appoint Winton and Lawson as co-managers
Josh Winton, right, has been appointed Banks o' Dee co-manager along with Paul Lawson Banks o’ Dee have appointed Josh...
In Europe ‘a new generation of bank robbers’ target ATMs with explosives, stealing millions
"Bonnie and Clyde" and "Dog Day Afternoon"-style bank robberies, done by holding up the bank teller, have largely vanished in...
Latvian police raided bank owned by ex-trustee of King Charles’ charity who owned Blackpool FC
A bank owned by a former trustee and donor to King Charles' primary charity has been closed down and raided...
Barclays announces closure of 15 branches meaning 100 banks to shut this year – is yours affected?
Barclays announces closure of 15 branches across England and Wales meaning 100 banks are already set to shut this year...
PNC Financial Stock: My, Oh My, This Is Great DGI (NYSE:PNC)
RiverNorthPhotography/iStock Unreleased via Getty Images This article was coproduced with Chuck Walston. An oft-expressed truism is that banks benefit from...
