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The European Central Bank said on Tuesday it had picked Spain's Oscar Arce as the director general of its economics department, a key position that involves preparing the ECB's growth and inflation forecasts.
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Bank watchdogs are finally thinking seriously about global warming. Yet some of the ideas under consideration, like fiddling around with capital rules to encourage greener lending, could create odd incentives for lenders like JPMorgan and HSBC , . Better to crack down on laggards rather than cajoling them.
Spread of delta variant casts shadow over Europeâs economic rebound Martin Arnold Save Share Frankfurt | Rapid spread of the COVID-19 delta variant is causing economists to worry that Europeâs brightening economic outlook risks being undermined by rising infection levels and the reintroduction of travel and social restrictions. The lifting of most lockdown measures across the region in recent months has led to a surge in business activity, retail spending and household confidence, prompting many economists to upgrade their forecasts for European growth. Tourists at Blue Lagoon in Co...
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The Basel Committee on Banking Supervision has weighed in on cryptocurrencies. Punitive new proposals from the standard-setting body may ensure bitcoin remains in the fringes of regulated finance. Yet safer areas of the blockchain and crypto world are still accessible to JPMorgan (JPM.N), HSBC (HSBA.L) and others. It’s a good balance between prudence and progress.