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...Ermotti said the only reason UBS was allowed to take over its rival was because Credit Suisse was failing after years of loss making....
...“I think that if this is done in a transparent way, it would not put the EIB’s credit or ESG ratings at risk....
...Ethiopian officials hope the African Union-backed deal in Tigray can unlock funding that was frozen during the conflict and open the way for “billions” worth of international financing to help push through...
...chain had also agreed to allow customers to tip workers with credit cards at unionised stores for the first time in a “sign of good faith.”...
Also in this newsletter: The argument for a ban on industrial goods transiting through Russia
...CREDIT: UAW Read a transcript of this episode on FT.com...
...Credit rating agency S&P Global downgraded Ethiopia’s debt to default on December 15 after the initial deadline for payment was missed....
...Although the deal is not legally binding, the US, African Union and the east African IGAD bloc have all raised concerns over its potential to cause a new rift in a region beset by armed hostilities and humanitarian...
...Giorgetti predicted that the cost of tax credits and other home improvement incentives would reach €219bn, more than 10 per cent of gross domestic product....
...The report said government spending on the state pension, pension credit and winter fuel payment was expected to be £132bn in 2023-24, or 5.1 per cent of national income....
...This is where corporate purchases of carbon credits could have a crucial role to play....
...the credit worthiness of Greensill Bank....
...CREDIT: PBS, ABC News Read a transcript of this episode on FT.com...
...In “African criticism of credit ratings is a red herring” (Opinion, January 19) Moritz Kraemer claims there is “no negative bias towards [African] countries” by credit rating agencies, reinforcing the notion...
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...Banks forecast there would be a further “moderate net tightening” of credit availability but an increase in loan demand in the second quarter....
...Back in March 2022, EU leaders committed to set deadlines for phasing out export credit to fossil fuels by December 2023....
...Big bancassurers such as France’s Crédit Agricole and KBC of Belgium could capitalise on rule changes....
...Having led Poland between 2007 and 2014, Donald Tusk can take some credit as his nation approaches western European standards of living....
...IndustriALL Europe represents 180 unions in 38 countries, while IndustriALL Global represents 800 unions in 140 countries....
...Two, they enable the commission to demand large amounts of data from companies to investigate direct or indirect subsidies, including loans from state or state-directed banks, export credit guarantees and...
...The US and other countries including Saudi Arabia had pushed for more flexible UN standards for the carbon credit market, allowing the trade in credits to get off the ground sooner, according to people present...
...However, credit to the private sector grew 0.4 per cent from a year ago, up from 0.2 per cent the previous month....
...Crédit Agricole posted a 25 per cent drop in net income to €1.33bn, though it set aside less money than expected against soured loans....
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