UBS: Restrictions on fossil fuel investment to reach net zero

WNM | Jan 15, 2020 at 7:35 AM

Investment bank UBS concludes that to reach net zero, the world may start to impose restrictions on new fossil fuel investment. Not complete restrictions and not overnight, but enough to reduce cumulative fossil capex by about $10 trillion from now to 2050, or about 2/3 of what we would expect to invest at the current run rate.

Sabine Lautenschläger resigns from ECB Board

WNM | Sep 25, 2019 at 7:58 PM

Sabine Lautenschläger, Member of the Executive Board and Governing Council of the European Central Bank (ECB), informed President Mario Draghi that she will resign from her position.

Austria stops EU free trade agreement Mercosur

WNM | Sep 19, 2019 at 1:11 AM

Austria’s parlament has voted to stop the EU free trade deal Mercosur with Latin America. The decision obliges the Austrian government to stop the deal in Brussels with a veto.

Pound rebounds towards six-week high vs dollar

WNM | Sep 17, 2019 at 5:42 PM

Sterling headed towards six-week highs against the dollar on Tuesday as investors continued to cut their short positions, even as Prime Minister Boris Johnson stuck to his pledge to take Britain out of the European Union by Oct. 31.