The European Commission said it is considering lowering capital requirements for banks’ environmentally-friendly investments in a bid to support sustainable finance and take action on climate change. “This could be done at first stage by lower
Zurich-based Credit Suisse, is trying to attract more high-net worth individuals by offering them shipping, aviation and real estate loans according to a news report in Reuters.
Air France launched a new lower-cost subsidiary which it said is aimed at millennial travellers (18 to 35-year-olds) “whose lifestyles revolve around digital technology.” The low-cost airline-within-an-airline called “Joon” will offer medium-h
Legend Holdings, the Hong Kong-listed company that is the computer manufacturer Lenovo Group’s largest shareholder, announced that it had agreed to buy a 90 percent stake in Banque Internationale à Luxembourg (BIL), a leading universal banking
Struggling German airline Air Berlin filed for bankruptcy on Tuesday after Abu Dhabi-based Etihad Airways-- its main shareholder -- refused to finance another bailout.
The number of of corporate bankruptcies in July has fallen with 251 firms failing in that month, 34 fewer than in June, according to Statistics Netherlands (CBS). The decline follows an increase in May and June.
Belgians continue to save especially in the big banks, corporations continue to get credit but for SMEs access to finance remains complicated.
France could close “up to 17 nuclear reactors” by 2025, according to Nicolas Hulot, France’s environment minister. Hulot says the move aims to cut the nuclear contribution to 50 percent of France's electricity needs from 75 percent currently.