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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 form of stakeholder capitalism, Japan is moving in the opposite direction.

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.