BRUSSELS, Aug 2 (Reuters) – European Union governments picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU’s internal divisions. The 65-year-old chief executive of the World Bank got the backing of a majority of the 28 EU […]

Global warming turbo-charged July’s record-breaking heatwave in Europe by 1.5 to 3 degrees Celsius (2.7-5.4F), scientists said on Friday, adding that the intensity in some countries would have been “extremely unlikely” without climate change.

EU race to nominate IMF head narrows to two as Finland’s Rehn pulls out.

The Bank of England for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold — and its potential to upend financial markets.

Britain’s London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and positioning the company as a competitor to Bloomberg.

Bulgaria’s section of the TurkStream natural gas pipeline extension into Europe may not be ready until at least the end of 2021 due to the continuation of a legal dispute between Bulgartransgaz and a consortium led by Saudi contractor Arkad Engineering.

The Federal Reserve has cut its main interest rate by 25 basis points, the first reduction since the financial crisis, and signalled that it was prepared to ease monetary policy further if necessary. The decision sent stocks down, the dollar rose.

One of Turkey’s largest container terminals, DP World Yarımca, is now connected to China and London by rail. The route will play an important role in trade between Europa and China.

Shares of British banks fell after the BoE said banks would have to tell investors in 2021 if they could be closed down without disrupting financial markets.

Sterling fell to a new two-year low versus the dollar on Tuesday amid growing speculation that Britain is headed for a messy no-deal Brexit from the European Union.