EU Commission President Ursula von der Leyen on Sunday hailed the COP29 deal in Baku as marking “a new era for climate cooperation and finance”. She said the $300-billion agreement after marathan talks in the Azerbaijani capital “will drive investments in the clean transition, bringing down emissions and building resilience to climate change.” “The EU…

It was just a couple of years ago that Pierer Mobility-owned KTM celebrated 12 straight years of record growth. Now, the company is in a dire crisis that requires a halt in production and the sacking of more than 300 employees. How did it get here?Overproduction and quality issues are two of the main reasons…

By Josh Katzowitz, WCI Content Director The richest among us still believe they have money problems. The most financially literate people we know still question themselves. The most confident investors that surround us still wonder if they’re making the right moves. I question myself and sometimes struggle with financial decisions. I’m sure you do, too.…

  Gen-Z adults are more likely than Millennials to have a five-year plan for their finances, a survey has found. Six in 10 (59%) Gen-Z savers born after 1996 said they have committed to financial goals over the next five years, First Direct said. This compares with four in 10 (40%) of Millennials, born between…

When Margot Robbie made a surprise cameo in the 2015 film adaptation of Michael Lewis’s book The Big Short, she did more to educate the general population about the risks of securitisation than most financial experts.The Australian actor’s brief monologue, notoriously delivered from a champagne bubble bath, explained how banks were bundling up their growing…

AriesThough things would get better with time, the first half of the week might not deliver any appreciable cash benefits. Some entrepreneurs could find now to be the perfect time to launch fresh projects. You might pay off a bank loan and even clear outstanding bills. Though be sure to have professional guidance, success is…

The petroleum-laden dust has settled on this year’s United Nations climate summit, COP29, held over the past fortnight in Baku, Azerbaijan. Climate scientists, leaders, lobbyists and delegates are heading for home. The meeting achieved incremental progress. Negotiators agreed on a new climate finance target of at least US$300 billion a year by 2035 (A$460 billion),…

The deal which was finally reached at COP29 in Baku for a $300 billion investment for climate change finance for developing countries reflects a zero-sum game of donor funds. This is far short of the $1.3 trillion annual commitment for a full portfolio of transitioning to renewable energy technologies, climate adaptation infrastructure and loss compensation…

Activists demanding that rich countries pay up for climate finance for developing countries at the COP29 climate conference in Baku, Azerbaijan. Sean Gallup/Getty Images/Getty Images Europe Sean Gallup/Getty Images/Getty Images Europe Negotiators at a global climate conference in Baku, Azerbaijan, struck a last-minute deal for wealthy countries to help their poorer neighbors deal with global…