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September 2, 2015 Banks to face €61.5bn hit from new accounting rules, says report


New accounting rules could force Europe's top banks to recognise an extra €61.5bn in loan losses, new analysis shows, as a major UK pensions group has warned that bank accounting is not fit for purpose.

September 1, 2015 Wall St. falls hard as weak China data stokes fears

Source: Reuters

Wall Street slumped more than 2 percent on Tuesday, pushing all three major U.S. indexes into losses for the year after weak data from China added to fears that a slowdown in the world's second-largest economy will constrain...

September 1, 2015 Climate change brings cyclone(hurricane) risk to Persian Gulf - study

Source: Yahoo/Reuters

BONN, Germany - Climate change is bringing small risks that tropical cyclones will form in the Persian Gulf for the first time, in a threat to cities such as Dubai or Doha which are unprepared for big storm surges, a U.S. study...

September 1, 2015 OPEC ready to talk amid falling oil prices

Source: USA Today

OPEC "stands ready to talk to all other producers," the oil cartel writes in its monthly OPEC Bulletin. "But this has to be a level playing field. OPEC will protect its own interests."

September 1, 2015 Effective Sustainability Reporting Can Make Good Businesses Great

Source: Environmental Leader

Companies that are identified as socially responsible and have clearly defined missions become “great” business, according to an article in Harvard Business Review. EHS Insight provides an overview of the internal and external...

September 1, 2015 Fiat Chrysler CEO Marchionne expresses urge to merge with GM

Fiat Chrysler Automobiles CEO Sergio Marchionne said in an interview with Automotive News published on Monday that General Motors should stop ignoring the financial benefits of a merger of the two automotive giants.

August 31, 2015 3 reasons markets lost faith in China’s economy, at a glance

Source: Washington Post

For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors...

August 31, 2015 How to turn sustainability into a billion-dollar business

Source: GreenBiz

For “Green Giants,” sustainability is the springboard to innovation. These companies are not introducing incremental improvement or a greener, more ethical, socially responsible variation on the status quo. Instead, they are...

August 31, 2015 Challenged on Left and Right, the Fed Faces a Decision on Rates

Source: NY Times

Sometime soon — possibly as early as mid-September and probably no later than the end of the year — the Fed plans to raise its benchmark interest rate one-quarter of one percentage point, a mathematically minor move that has...

August 31, 2015 Eni Discovers Massive Gas Field in the Mediterranean

Source: Bloomberg

Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea.

August 30, 2015 U.S. Stocks Finish Turbulent Week With Modest Gains

Source: Forbes

U.S. stocks had a rather mild finish to what has been an extremely turbulent week on Wall Street.Yet, for the week, all three major indices ended with modest gains.

August 28, 2015 Wall St. logs biggest two-day gain since financial crisis

Source: Reuters

Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.

August 28, 2015 10 Years After Hurricane Katrina, Business Blooms in Crescent City


It's been 10 years in the making, but New Orleans is back. Among other signs of its resurgence, Crescent City has undergone a building boom--with luxury hotels and a billion-dollar state-of-the-art health center, and more...

August 28, 2015 The ‘green-tech’ future is a flawed vision of sustainability

Source: The Conversion

What does your vision of a sustainable future look like? Some people imagine a scenario whereby technology solves the world’s most pressing environmental problems. In this world we all drive electric cars and have solar panels on...

August 28, 2015 Oil soars over 10 percent, biggest gain in six years as shorts scramble

Source: Reuters

Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders.

August 27, 2015 Chinese stocks up 5.3%, global markets rise after Wall Street rally

Source: USA Today

Global stock markets rose Thursday, after Wall Street rallied and broke a six-session losing streak, although experts warned there could be more volatility ahead.

August 27, 2015 Paris climate talks are the shortest route to business stability

Source: GreenBiz

Our world has changed. So has our climate. Never has the necessity of building a sustainable world been so real and so urgent. But stepping into this reality should not evoke dark clouds as it is also an opportunity for hope

August 27, 2015 Sustainability Won't Make The World More Fair

Source: Science 2.0

The world’s governments are preparing to finalize the Sustainable Development Goals at the United Nations in September 2015. It is set to be a major international event, and the goals will be ushered in with tremendous fanfare;...

August 27, 2015 Oil Industry Needs Half a Trillion Dollars to Endure Price Slump

Source: Bloomberg

At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.

August 27, 2015 EPA lacked view of pressure buildup at Colorado mine, internal report says

Source: Reuters

A U.S. Environmental Protection Agency team working to address seepage at an abandoned Colorado gold mine underestimated water pressure at the site before triggering a blowout that sent toxic waste into rivers, according to an...

August 26, 2015 Prowling bear won't maul U.S. stocks: Wall Street

Source: USA Today

One-thousand-point daily drops for the Dow. The first 10% correction for the broad U.S. stock market in four years. Fear and panic on the rise on Wall Street. Is a dreaded bear market, or drop of 20%, next?

August 26, 2015 World markets stage mixed comeback

Source: USA Today

TOKYO — Battered world financial markets attempted to reclaim lost territory Wednesday with mixed success. Tokyo’s benchmark Nikkei 225 index gained 570.13 points, or 3.20%, closing at 18,376.83. The broader Topix index finished...

August 26, 2015 The average S&P 500 CEO makes more than 200 times the median worker

Source: Washington Post

Earlier this month, the Securities and Exchange Commission approved a rule that will require companies, starting in 2017, to disclose a simple calculation: At what multiple is the chief executives' compensation vs. the...

August 26, 2015 Tropical forests the size of India 'set to be lost by 2050'

Source: Strait Times

The Washington-based Centre for Global Development, using satellite imagery and data from 100 countries, predicted that 289 million ha of tropical forests would be felled by 2050. The results will have dangerous implications for...

August 25, 2015 U.S. stocks stage dramatic reversal, erasing rally and raising new fears

Source: Washington Post

U.S. stocks plunged in the last hour of trading Tuesday to wipe out a day-long rally, adding fresh uncertainty to markets that had flirted with a rebound and reviving worries of a broader meltdown.

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