Page 16 - Cornelia Meyer News Today

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Conference shows leadership in developing ESG standards Cornelia Meyer Short Url https://arab.news/j9vp9 The first environmental, social and governance (ESG) conference of the Future Investment Initiative (FII) Institute was a real masterclass in taking into consideration all aspects of ESG standards. The title of the conference “The Neo-Renaissance: Mobilizing ESG for a Sustainable Future” could not have been chosen more pertinently. The world is emerging from the COVID-19 pandemic, which ...

BERNE, Switzerland: Myanmar’s economy has long been shaped by the Tatmadaw — the nation’s powerful armed forces — and by the shifting whims of geopolitics, which together fashion the country’s global trade relations, particularly those concerning its large infrastructure projects. Since the Feb. 1 coup, which overthrew Aung San Suu Kyi’s National League for Democracy (NLD) government, and the violent suppression of protests which has left more than 600 dead, momentum has been buildi...

Last week’s spring meetings of the International Monetary Fund (IMF) and the World Bank were not blockbuster events for news commentators. They were important none the less. What transpired was that the coronavirus pandemic left the world deeply divided between countries and segments of society that would recover faster and those who would not. First to the good news:

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OPEC+ to ease oil curbs starting next month Cornelia Meyer Short Url https://arab.news/r28q7 The ministers of OPEC+, an alliance of the OPEC countries, and 10 friendly nations under the leadership of Russia met virtually on Thursday. The ministers decided to release an incremental supply of around 2 million barrels per day (bpd) on the market between May and July. The alliance intends to taper OPEC+ production cuts by 350,000 bpd in May and June and by 441,000 in July. Saudi Arabia intends to u...

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The International Renewable Energy Agency (IRENA) released a preview of its World Energy Transitions Outlook, just in time for the 7th Berlin Energy Transition Dialogue. Its focus is on keeping the global temperature rise to 1.5 ℃ until the end of the century and bringing CO2 emissions to net zero by 2050, as well as the policy and financing requirements needed to get there.

On Wednesday, Joe Biden’s $1.9 trillion COVID-19 relief package passed through Congress. The much-discussed question was whether it was too big and targeted enough, or whether it posed a danger of overheating the economy. The skeptics could not just be found on the Republican side of the aisle. Larry Summers, former IMF chief economist and secretary of the treasury under Bill

After the bust comes the boom. Ten months ago, oil saw its worst decline in demand in the commodity’s history. Put that against January and February of this year, when it saw the steepest-ever rally for the first two months of any calendar year. The oil price rally over the last few months has been nothing short of stunning. West Texas Intermediate rallied from $45.28 per