Page 12 - Rob Cox News Today

Climate-change dealmaking is about to get a lot more legit. Green-tinged transactions more than tripled in value in 2021 to $164 billion by early December, per Refinitiv, though there’s no standard definition for what merits the colour. There has, though, been a dearth in genuinely environmentally useful tie-ups. Expect more to emerge. Some transactions claiming ...

Boris Johnson faces calls to resign amid reports that Downing Street hosted a Christmas party during lockdown. Plus: Rob Cox and Florian Egli explore the…

Monocle’s editorial director Tyler Brûlé and panellists Juliet Linley, Rob Cox, Solène Léger and Mark Dittli round up the weekend’s most interesting discus…

Japan might be said to have invented stakeholder capitalism. Its companies have long proclaimed an allegiance to the “five joys” – namely employees, customers, suppliers, society, and last of all, shareholders. The relatively poor returns from Japanese stocks in recent decades stem largely from this disdainful attitude toward equity owners. By contrast, American companies put shareholder interests first and delivered far superior returns. Now that the United States is leaning towards a for...

Mark Carney is having a deserved moment in the sun. Against many odds, the former Bank of England governor has managed to sign up all major western banks to his Glasgow Financial Alliance for Net Zero, enabling him on Wednesday to announce $130 trillion of private capital directed to meaningful decarbonisation at COP26. The fear of the more progressive members of his new club is what happens should he head off to other things, like running for Canada’s premiership.

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International Monetary Fund boss Kristalina Georgieva has ridden out data-rigging allegations. Now she has got a lot to prove. Keeping the job isn’t enough for any ambitious leader with an eye on legacy. The IMF’s executive board late on Monday expressed its confidence in the Bulgarian economist after a multi-meeting review of allegations that she ...

It’s time for Jamie Dimon, Charlie Scharf, Andrea Orcel and David Solomon to take one for the team. The bosses of JPMorgan , Wells Fargo , UniCredit and Goldman Sachs , respectively, head the last of the big western financial groups yet to sign up to the so-called Glasgow Financial Alliance for Net Zero, an umbrella organisation that requires members to set meaningful decarbonisation commitments. As they mull joining, these holdouts may want to recall 2008.

European governments have a tremendous gas problem. Soaring prices of the fossil fuel have inflated the cost of electricity. UK power for delivery in November now exceeds 300 pounds per megawatt hour, an all-time high. There’s a near-term fix, but it requires politicians with a taste for market risk. Leaders like British Prime Minister Boris ...

Former Chinese Premier Wen Jiabao called China’s economy “unstable, unbalanced, uncoordinated and unsustainable” 14 years ago. Whether he foresaw that China would one day be beset by a massive real estate bubble, over-investment, excessive buildup of debt and a wobbly credit system is not known - but it has come to fruition. China Evergrande , the stricken Chinese property developer, has long existed at the intersection of these imbalances. By setting up Evergrande to fail, President Xi J...