archiveBRU

Finance

EU says financial firms unwilling to support new deforestation law

FILE PHOTO-European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Sept 13 (Reuters) - The European Commission said on Wednesday that financial institutions are not backing the EU's new deforestation law, which has faced a backlash from producing countries concerned it will create unfair trade barriers.The landmark law requires importers of commodities like coffee, cocoa, beef, soy, rubber and palm oil to produce a due diligence statement proving their goods are not contributing to the destruction of forests,...
Finance

EU opens race to run its huge investment bank EIB

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo Acquire Licensing RightsBRUSSELS, Sept 10 (Reuters) - Five candidates have come forward for the post of president of the huge European Investment Bank, Belgian Finance Minister Vincent van Peteghem said on Friday, the first of several top European Union jobs which member governments will haggle over in the next 12 months.The government-owned EIB calls itself the world's biggest multilateral financial institution by assets and will be a key player...
1 7 8 9 10 11 22
Page 9 of 22