China’s development loans to developing economies fall to 13-year low in 2021 – study

LONDON/JOHANNESBURG, Jan 24 (Reuters) – Loans made by China’s two main commercial banks fell to a 13-year low of $3.7 billion in 2021 as Beijing cut funding. for large oil projects, a study from Boston University Global Development. Policy Center revealed. Commitments made to 100 developing countries by the Export-Import Bank of China (China EximBank) … Read more

Protesters target BNP in Paris over loan to oil company

PARIS, Jan 20 (Reuters) – Protesters from the movement End Rebellion gathered outside BNP Paribas. (BNPP.PA) building in Paris on Friday to protest the French bank’s loan to an oil giant leading an East African oil pipeline project. About 40 participants defaced the sign of the BNP office in the center of the Opera quarters … Read more

Hurricanes and floods will cause $120 billion in losses by 2022

FRANKFURT/MUNICH, Jan 9 (Reuters) – Hurricane Ian in the United States and floods in Australia helped make 2022 one of the costliest years on record for natural disasters, Munich Re said. on Tuesday, warning that climate change is making storms stronger. and repeat. Losses from natural disasters covered by insurers were about $120 billion last … Read more