ABN Amro Corporate Finance Exit Removes Risk, CFO Says

Aug.12 — ABN Amro Bank NV Chief Financial Officer Clifford Abrahams discusses the firm’s decision to exit all corporate finance outside Europe and drop its trade and commodity financing operations in a major restructuring of its corporate and investment bank. He also comments on loan loss provisions and the Covid-19 situation in the Netherlands in … Read more ABN Amro Corporate Finance Exit Removes Risk, CFO Says

Why Alan Patricof Is Betting Big on Aging Consumers

Jul.29 — Alan Patricof, Greycroft chairman emeritus and co-founder, explains why he is launching a new $32 million venture capital fund focused on financing products and services for an aging population and investing in older entrepreneurs. He speaks with Bloomberg’s Alix Steel and Guy Johnson on “Bloomberg Markets.”

China sees boom in farmer cooperatives

Self-reliance in food production is one of China’s top priorities and constitutes a considerable challenge. The country has 7 percent of the world’s arable land and has to feed over 20 percent of the planet’s population. One way the authorities have been trying to increase agricultural output is by encouraging the creation of cooperatives. Public … Read more China sees boom in farmer cooperatives

‘We must also reimagine the way nations cooperate’ – UN Chief

Remarks by António Guterres, Secretary-General of the United Nations on the ECOSOC 2020 High-level Segment. ” As we gather to reflect on the future of multilateralism, the world is experiencing a deepening calamity. The COVID-19 pandemic has plunged us into an acute health and economic crisis, the severity of which has not been seen in … Read more ‘We must also reimagine the way nations cooperate’ – UN Chief

‘As an international community, we must rise to the test of this pivotal moment’ – Amina J. Mohamed

Closing remarks by Amina J. Mohammed, Deputy Secretary-General of the United Nations, on the 2020 High-level Political Forum on Sustainable Development (HLPF 2020), 17th meeting. “We have come to the end of eight days of deliberation on delivering the Sustainable Development Goals during this Decade of Action in the new context of COVID-19. The message … Read more ‘As an international community, we must rise to the test of this pivotal moment’ – Amina J. Mohamed

Build it green: Is data the key to green financing? | FT Trade Secrets

Primary school completion rates hit nearly 100% in Sudan and Tanzania with the installation of solar panels. This is how greener infrastructure can create fairer societies and boost economic growth. $7 trillion is needed a year to meet our vision of a sustainable planet. Watch to see how institutional investors could be convinced to put … Read more Build it green: Is data the key to green financing? | FT Trade Secrets

Brazil Tops 2 Million Covid-19 Cases

Brazil surpassed 2 million coronavirus cases as the pandemic entrenches itself in poorer and more remote regions, wreaking havoc on Latin America’s largest economy. On Thursday, the country recorded 45,403 cases of Covid-19 in a 24-hour period, pushing the total number of infections to 2,012,151. The health ministry also reported 1,322 fatalities, lifting the overall … Read more Brazil Tops 2 Million Covid-19 Cases

‘We need concrete, bold and implementable solutions inspired by the SDGs’ – UN Chief

Opening remarks by António Guterres, Secretary-General of the United Nations on the 2020 Ministerial Segment of the High-Level Political Forum on Sustainable Development and the High-Level Segment of the Economic and Social Council – 11th meeting. “(…) Today, we face another massive global challenge — COVID-19. The gravity of the crisis should not be lost … Read more ‘We need concrete, bold and implementable solutions inspired by the SDGs’ – UN Chief

Mid-sized Businesses Need Something Closer to Equity Than to Credit, Says Tarullo

Jul.10 — Dan Tarullo, Former Federal Reserve Board Governor, says that businesses need something closer to equity than the debt financing provided by the Fed. Former Treasury Secretary Lawrence H. Summers worries that that a Fed-first strategy is a financial markets-first strategy. They join David Westin for an exclusive discussion on “Bloomberg Wall Street Week.”

Lebanese accused of financing Hezbollah returns home

A Lebanese businessman who has been accused of financing Hezbollah has returned home – after three years in a United States jail. Kassim Tajideen had been sentenced to five years in prison but was released due to poor health, and the risk of contracting COVID-19 in prison. It comes as the US secretary of state … Read more Lebanese accused of financing Hezbollah returns home

$23 Billion Megaproject Takes Shape in Mozambique Amid Islamist Threat

Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: a $23 billion project to export Mozambique’s natural gas from an area increasingly besieged by an Islamist insurgency. Companies led by Total SA will pump the gas … Read more $23 Billion Megaproject Takes Shape in Mozambique Amid Islamist Threat

New Zealand’s Ardern launches election campaign

New Zealand Prime Minister Jacinda Ardern launched her party’s campaign ahead of the September general election with promises of extra financing for small businesses and more jobs as a severe economic downturn looms. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and … Read more New Zealand’s Ardern launches election campaign

‘Over 1.6 billion learners have experienced a disruption in education’ – General Assembly President

Video message by Tijjani Muhammad-Bande, the President of the UN General Assembly for the Virtual Briefing of the Group of Friends for Education and Lifelong Learning. The President of the UN General Assembly Tijjani Muhammad-Bande said that the COVID-19 pandemic has resulted in unprecedented school and university closures that have disrupted the education of over … Read more ‘Over 1.6 billion learners have experienced a disruption in education’ – General Assembly President

Financing for Development & other topics – Daily Briefing (01 July 2020)

Noon briefing by Stéphane Dujarric, Spokesperson for the Secretary-General. Highlights: – Financing for Development – Libya – Yemen – Syria – Central African Republic – South Sudan – Kazakhstan – Brazil – UNHCR – UNESCO – Gabon – Briefings FINANCING FOR DEVELOPMENT  This morning, the Secretary-General spoke at the first of a series of virtual … Read more Financing for Development & other topics – Daily Briefing (01 July 2020)