Friday, 22 October 2021

Tag Archives: finance

California wildfire threatens PG&E’s plan to raise $14bn

SAN FRANCISCO: A wildfire raging in California threatens to destroy more than homes and businesses – it could also undermine bankrupt PG&E Corp’s plan to raise $14 billion to finance the crisis-stricken utility’s turnaround plan. If the fire becomes large enough, investors could walk away from their commitment to finance ...

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World’s largest banks lagging in sustainable finance: WRI

WASHINGTON: Despite pressure from activists, investors and governments, the majority of world’s 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue to finance fossil fuels, according to new findings by the World Resources Institute released. WRI unveiled its new Green ...

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Fake German heiress sentenced to 4-12 years behind bars

NEW YORK: Anna Sorokin, the German con artist who passed herself off as a wealthy heiress to swindle banks, hotels and even close friends as she lived out a high-society, Instagram-ready fantasy in New York, was sentenced Thursday to four to 12 years in prison. The 28-year-old, who had played ...

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Barclays: London will still be the ‘financial lungs’ of Europe

LONDON: The City of London will still be the ‘financial lungs’ of Europe after Brexit, Barclays chief executive Jes Staley has said. In separate remarks, the bank’s chairman John McFarlane also said the UK government supported a three year transition deal on the Brexit deal. The Barclays chiefs were both ...

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