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Exclusive-Top development banks to launch debt-for-nature swap ‘task force’

Exclusive-Top development banks to launch debt-for-nature swap ‘task force’

© Reuters. FILE PHOTO: Agents of ICMBio (Chico Mendes Institute for Biodiversity Conservation) and IBAMA (Brazilian Institute for the Environment and Renewable Natural Resources) work to extinguish a fire in the Pantanal, the world’s largest wetland, in Pocone, Mato By Marc Jones LONDON (Reuters) -The world’s top multilateral development banks are set to launch a…

Yellen says US economy does not need drastic tightening, ‘soft landing’ on track

Yellen says US economy does not need drastic tightening, ‘soft landing’ on track

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends a press conference in San Francisco, California, U.S., November 10, 2023. REUTERS/Carlos Barria/File Photo By Howard Schneider BESSEMER CITY, North Carolina (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy does not need further drastic monetary policy tightening to…

UK economy may see growth boost from Chancellor Hunt’s £18bn tax cuts

UK economy may see growth boost from Chancellor Hunt’s £18bn tax cuts

Following the recent fiscal event led by UK Chancellor Jeremy Hunt, economic forecasts are indicating a potential uplift for the nation’s economy. Chancellor Hunt announced a significant fiscal loosening package totaling £18 billion, with measures that include a two-point decrease in national insurance and the introduction of permanent full expensing for capital investments. Deutsche Bank…