Bahrain attracted $885 million in direct investment in 2020 through new companies setting up and expanding in the kingdom, the country's investment agency said in a statement on Monday.
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LONDON, Jan 18 (Reuters) - Roughly 60% of developing countries’ sovereign credit ratings are now negatively affected by environmental, social or governance (ESG) factors, Moody’s said in a report on Monday.
Referring to 144 countries it rates globally, Moody’s said risks range from climate change and the global push away from polluting fossil fuels to aging populations, social unrest and the actions and credibility of the governments in charge.
“The credit impact of ESG varies significantly,” it said in the report. “While for the advanced economies, we assess the credit impact to be ‘Neutral to Low’ for a majority, it is ‘Highly Negative’ or ‘Very Highly Negative’ for around 60% of emerging markets.”
The German government has finalised its 2020 budget with net new debt of below 150 billion euros ($181 billion), which is roughly a third less than the originally planned borrowing of nearly 218 billion euros, government sources told Reuters on Monday.
Italian Prime Minister Giuseppe Conte won a crucial confidence vote in the Chamber of Deputies on Monday, hanging on to power after a junior partner quit his coalition and opened a political crisis amid the raging COVID-19 pandemic.