With improving customer service a key objective, the Indian government invited participants from the private sector at its third brainstorming session for public sector banks (PSBs) that began on Friday. The two-day meeting, termed ‘PSB Manthan’ and organised by the finance ministry’s Department of Financial Services, was attended by senior management of all state-owned banks, Reserve Bank of India (RBI) Deputy Governor Swaminathan J, former central bank deputy governors, and officials from private tech companies including Google, Microsoft, and ServiceNow, among others.“The past two editions of the PSB Manthan were done at a time when these banks were going through…
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Since the thirty-four industrialized countries signed the Kyoto Protocol in 1997, the idea of buying and selling carbon emission rights—the so-called carbon market—has been the main strategy of the United Nations for combating climate change. Named for the third annual Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP3, the Kyoto Protocol gained momentum in 2005, when enough countries ratified the agreement. Ever since, carbon markets have been at the heart of multilateralist diplomacy on climate change, as represented in the Paris Agreement of COP21 in 2015. At COP 29, held in 2024 in…
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In brief Crypto exchange Gemini has priced its IPO at $28 per share ahead of open trading on the Nasdaq. The pricing tops forecasts after months of investor buildup. The Winklevoss brothers bring political ties and regulatory baggage into the spotlight, but Gemini’s losses and CFTC battles loom over its market debut. Gemini, the U.S.-based cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has priced its initial public offering at $28 per share, beating expectations ahead of the start of trading Friday.Launching on the Nasdaq Global Select Market under the ticker symbol “GEMI,” the deal marks one of the most…
(The Center Square) – Washington state’s most recent carbon auction brought in an estimated $446 million, according to results released by the state Department of Ecology. As of Friday, Washington state has the highest gas prices in the nation, according to AAA.The Sept. 3 auction sold its nearly 6.4 million allowances at a settlement price of $64.30, raising an estimated $446 million: $295 million for the state and $151 million for the benefit of utility ratepayers.“Today’s auction results underscore the confidence that businesses and investors have in Washington’s market and our commitment to bold climate action,” Department of Ecology Director…
Times of IndiaRare earth push: Domestic magnet production aimed through ambitious plan; government may opt for ‘targeteIndia Business News: The Indian government is formulating fiscal incentives to boost domestic production of rare earth magnets, essential for EV motors,….7 hours ago Source link
EU member states have postponed plans to approve a 2040 climate target at a meeting next week, after governments including Germany and France… Source link
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Image source: Getty Images I’m a big believer in UK shares, but not every stock is created equal. And according to Warren Buffett, the first – and most important – rule of investing is to avoid losing money. In order to win, first you have to not lose. So here are a couple of UK stocks that I’m looking to stay well away from to try and protect my finances. Aston Martin Even the most optimistic Aston Martin Lagonda (LSE:AML) shareholder must accept there’s an above-average chance of losing money. The company has gone bankrupt seven times. The firm has…
On September 10, 2025, the Commodities Futures Trading Commission withdrew guidance–promulgated by the Biden Administration in September 2024–concerning the market for voluntary carbon credits. Specifically, the CFTC stated that it was withdrawing the voluntary carbon credit guidance because it “provides limited value” and because it “placed a disproportionate focus on a particular class of derivative contracts”–i.e., contracts concerning carbon credits. Rather, the CFTC stated that a “uniform regulatory framework”–without guidance specifically concerning carbon credits–“best serves market transparency, expectations, fairness, and integrity.” This development is aligned with the broader de-regulatory impetus of the Trump Administration, and, in particular, its quest to…