OPINION: It’s encouraging to see the number of events lined up for the inaugural Auckland Climate Festival in October. Modelled off the highly successful London Climate Action Week, the goal is to accelerate much-needed climate action across the country. On the surface, it may look like New Zealand is taking steps in the right direction […]
WASHINGTON (Reuters) -The Economist magazine on Thursday called for International Monetary Fund Managing Director Kristalina Georgieva to resign over her role in a China-related data-rigging scandal while at the World Bank, saying it has undermined the IMF’s credibility.FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks at an opening news conference during […]
Gov. Gavin Newsom of California on Wednesday signed a bill that restricts warehouse employers from setting productivity quotas that prevent workers from taking breaks or following health and safety laws. The new law could alter Amazon’s labor practices. The bill, known as A.B. 701, also requires employers to disclose productivity quotas to workers and regulators […]
After a summer of extreme heat, wildfires and floods in Europe, the costs of climate change — human and financial — have become increasingly stark. And a new report by the European Central Bank has reaffirmed the severe consequences of delays or inaction on climate change. Banks and companies in the eurozone risk economic loss […]
Soaring natural gas prices have roiled Britain and the rest of Europe, leading to price spikes in the cost of electricity that are raising utility bills for consumers, putting pressure on energy suppliers and disrupting industries. The consequences of the turmoil are unfolding every day, as factories shut down, ministers huddle with business leaders to […]
More than £1bn-worth of state pensions have been underpaid due to repeated human errors which were almost inevitable amid complex rules and outdated IT systems, a spending watchdog has said. The Department for Work and Pensions (DWP) estimates it underpaid 134,000 pensioners and those it can trace will be paid an average of £8,900, the […]
The company that developed Auckland’s 155-unit Union Green apartments lost $35 million when its builder Ebert Construction went under, according to a liquidator’s report. Now, that developer has itself failed and wants the $35m back from insolvency professionals in charge of Ebert, which failed three years ago. Grant Reynolds of Reynolds and Associates has been […]
MOSCOW (Reuters) – Russia will spend around 2.5 trillion roubles ($34 billion) from its National Wealth Fund (NWF) in the next three years to help revive economic growth after the pandemic but must also take care not to drive up inflation, officials said on Tuesday.A view shows Russian rouble coins in this picture illustration taken […]
HONG KONG/NEW YORK (Reuters) – Persistent default fears eclipsed efforts by China Evergrande Group’s chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy. Analysts played down the threat of Evergrande’s troubles becoming the country’s “Lehman moment,” though […]
The owner of two UK fertiliser plants whose shutdown sparked a food supply crisis has agreed to restart production after talks with the government. CF Industries produces carbon dioxide – a critical part of the food production process – as a by-product of manufacturing carried out at the sites in Billingham on Teesside and Ince […]