Bank of England tells banks to quantify climate risks
Bank of England executive director Sarah Breeden said that by 2050, banks and insurers are underestimating the potential impact of climate change on their business and should quantify risks from targeting net zero carbon emissions. For companies that face physical risks like fires and floods due to climate change, the banks and insurers hold assets […]
Twitch adds Transgender tag as Big Tech vies to be inclusive
Twitch is the world’s largest game streaming service. The company made an announcement that the players will be able to add a transgender label to their videos. This move will definitely aid inclusion among its 30 million daily gamers. Twitch always lets users to broadcast themselves playing video games. As per this the company has introduced […]
BOJ’s Kuroda signals readiness to extend pandemic-aid scheme
Governor Haruhiko Kuroda said that the Bank of Japan will consider extending its pandemic-relief programme beyond September deadline if necessary. This is because the country struggles with a spike in covid infections that is crippling the economy. He also said that the world’s third-largest economy remains on a path toward recovery. This is because robust […]
Deutsche Bank sets targets for sustainable investments, women leaders
German lender Deutsche Bank said that it would pump more than 200 billion euros ($244 billion) into so-called sustainable financing and investments by 2023. This is two years earlier than initially planned. The bank is aiming at more female leaders within its ranks. Because by 2025, women will make up 35% of managing director, director […]