ECB doubles interest rate to 1.5%, highest since 2009
The European Central Bank (ECB) on Thursday doubled its key interest rate to the highest level in more than a decade. The central bank raised…
October 2022
Adidas ends Kanye West partnership over antisemitism
Adidas AG said it is terminating its partnership immediately with Kanye West following offensive behaviour from the American rapper and designer. Referring to the rapper by…
European financials offer income opportunities – Abrdn
Mainland European financial firms hold possible opportunities for income investors as interest rates rise across the continent for the first time in over a decade, according…
Largest 500 asset managers hit record $131 trillion
By Mark McSherry — Assets under management (AuM) at the world’s 500 largest asset managers reached a new record of over $131 trillion in 2021, according…
Development bank climate finance up 24% to $82bn
By Mark McSherry — The world’s biggest multilateral development banks increased their climate-related financing by 24% to $82 billion in 2021. That’s according to the 2021…
Santander’s Ana Botín to be first woman to chair the IIF
The Institute of International Finance (IIF), the global association for the financial industry, announced that Grupo Santander executive chair Ana Botín will become the next…
Spotify buys Dublin’s Kinzen to thwart harmful content
Spotify announced it has acquired Dublin, Ireland-based Kinzen, which it called “a global leader in protecting online communities from harmful content.” Spotify said Kinzen’s technology…