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As Disasters Mount, Central Banks Gird Against Threat of Climate Change

From the Bank of England to the People’s Bank of China, monetary authorities of the world’s largest economies are gauging how climate change could rock the financial system. Though long committed to being “market neutral,” some are even starting to push greener investments.

European Parliament approves €90 billion European Social Fund Plus

The European Parliament on Wednesday approved almost €90 billion in funding for use by the 27 governments of EU states in the next seven years.  Malta stands to receive €124 million at current prices out of that funding pool, which will stretch to 2027. The money is part of the European Social Fund Plus, which pools together several EU funds and programmes targeting youth, health and employment initiatives. Parliament adopted the fund during its first plenary session in Strasbourg since the beginning of the COVID-19 pandemic. Funds can be used: for employees to improve their skills through various training courses; for employers to encourage employees to enhance their output and aim at growing within that workplace;

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