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Lloyds Banking Group PLC
Lloyds backs fund for local non-profit lenders
...Lloyds Banking Group is to be the lead investor in a £62mn fund that will back community development finance institutions, becoming the UK’s first high street bank to support the not-for-profit lenders that...
March 4, 2024
Nuclear proliferation
UN nuclear watchdog head urges development banks to fund new projects
...The country has been staunchly against nuclear energy since Japan’s Fukushima disaster in 2011 and turned off its last nuclear power station in April....
March 4, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 4 September237 Park Avenue, New York, NY, USA
Renewable energy
Microsoft to power data centres with big Brookfield renewables deal
...batteries, and a further 155GW in development....
May 1, 2024
UK housebuilding
Housing developments axed as Tory planning reforms take effect
...“December’s changes allow for a slight reduction in land supply where plans are being updated, so that communities are less at risk from speculative development while new plans are put in place,” a spokesperson...
March 21, 2024
New York Community Bancorp Inc
New York Community Bancorp’s chief risk officer left weeks before big loss
...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
February 5, 2024
Renewable energy
Poor-sighted Indian bird flies into row over power lines in desert
...“As an industry we don’t want the bird to be extinct, so we will do everything in our capacity to ensure that power lines, solar and wind are not responsible for it.”...
May 10, 2024
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
InterviewAfrican economy
Do not ignore Africa, World Bank head tells wealthy nations
...World Bank data has shown that one in three low-income countries eligible for its International Development Association, which offers grants and concessional loans, is worse off than it was on the eve of...
May 1, 2024
Renewable energy
National Grid ‘throttling’ battery storage development with underuse
...Battery storage facilities earn revenue by buying and selling power in the wholesale market and can also be paid by National Grid’s ESO to store and discharge power to smooth out supply and demand....
April 7, 2024
Reddit Inc
Reddit is casting aside community spirit in search of financial maturity
...Reddit’s IPO ostensibly celebrates its community, and yet the amount given to its community in the deal is fairly … average....
March 12, 2024
International Development Association (IDA)
World Bank lender to poorest nations seeks record funding haul
...The International Development Association (IDA) is in need of the “largest replenishment ever” of financial resources to provide cheap loans and grants to 75 developing countries, Dirk Reinermann, the bank...
March 17, 2024
The FT ViewThe editorial board
Crises are eating into development funding
...The World Bank’s International Development Association — the arm that offers financing to low-income countries — can raise funding via capital markets....
April 16, 2024
News in-depthForeign aid
Development funds dash for donor cash at World Bank and IMF meetings
...The International Development Association, the World Bank’s $200bn lending arm to the world’s poorest countries, is leading a wave of fundraising this year for “replenishment” of the equity that backs grants...
April 15, 2024
UK energy
UK backs gas-fired power plants in latest shift in green policy
...The UK government has backed the development of new gas-fired power plants, in the latest move by Rishi Sunak to portray his government as taking a pragmatic approach to tackling climate change....
March 12, 2024
InterviewGaming
Game designer Lucas Pope on bringing aliens to the table in Mars After Midnight
...The handheld console made by Panic Inc — publisher of Firewatch and Untitled Goose Game — has sold more than 70,000 units since it launched in 2022....
March 4, 2024
UK government spending
Investment arm of UK international development plans to boost Africa spending
...African Development Bank — the highest in more than a decade....
May 1, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
Frieze New York 2024
Art and activism come together at the Canal Projects Library
...In 2022, the Library’s inaugural residents — the Canal Street Research Association (CSRA), founded by New York-based artist-writers Ming Lin and Alexandra Tatarsky — reimagined the Canal Project’s underground...
April 27, 2024
FT Swamp Notes
Power, productivity and how our system works Premium content
...None of this will come as a surprise to anyone who’s worked in business or covered it. Power exists in the political economy. It’s the air that we breathe....
April 22, 2024
Mark Suzman
We must boost affordable finance for the poorest states
...In Dubai, leaders talked about solutions. But one of the most vital resources has been absent from the conversation: the International Development Association....
December 7, 2023
Karin von Hippel
How to stabilise a country after war
...Numerous rationales have been offered for getting internationals to play these roles: there is too much hatred between local communities, which have never had democracy before; only a neutral power can rebuild...
April 22, 2024
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
April 23, 2024
New York Community Bancorp Inc
New York Community Bancorp shares sink after flagging problems with internal controls
...New York Community Bancorp shares shed a quarter of their value on Friday after the regional lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls...
March 1, 2024
ExplainerMiddle East conflict
Who pulls the strings of power in Iran?
...The Guards serve as Khamenei’s primary apparatus for exercising power in Iran and the Middle East....
April 21, 2024
New York Community Bancorp Inc
New York Community Bank seeks to reassure investors after Moody’s downgrade
...US regional lender New York Community Bancorp has sought to reassure inventors that it is still taking in new deposits, after a week in which its share price has more than halved and it was downgraded to...
February 7, 2024
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
British Medical Association recommends new pay offer to consultants
...The British Medical Association said the offer includes an extra £3,000 for senior doctors, who are between four and seven years into their careers, in addition to a 6 per cent rise last April....
March 5, 2024
UK government spending
UK spent quarter of aid budget on hosting asylum seekers in 2023
...the asylum system on development spending....
April 10, 2024

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