Canada’s top banks more than doubled their financing of highly polluting tar sands oil to $16.8bn in 2021, despite signing up to the UN’s net zero banking alliance on greenhouse gas emissions. Lenders including Royal Bank of Canada, Toronto-Dominion Bank and the Canadian Imperial Bank of Commerce increased their financing to the top 30 tar
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Eon has ruled out extending the life of its nuclear power plant in Germany, even as Europe’s largest economy prepares for the rationing of energy supplies and to wean itself off Russian hydrocarbons. “There is no future for nuclear in Germany, period,” said chief executive Leo Birnbaum. “It is too emotional. There will be no
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Growth, unemployment, inflation, labour market, living standards, real wage Click to read the article below and then answer the questions: Underlying UK wage growth lower than headline figures, think-tank warns What is meant by
The largest US banks are set to report their biggest slowdown in investment banking revenue in years next week, as the dealmaking engine that helped propel Wall Street to record profits last year sputters. Banks started the year braced for a slowdown in dealmaking activity following a blockbuster 2021 supported by markets and widespread stimulus
Hello and welcome to the working week, Easter is almost upon us — although as Week Ahead readers are well aware it will take a little longer for the orthodox church. This will mean a shorter working week for the next fortnight and we will be taking a break next week. Tragically, one thing that
The UK housing secretary is set to claim an important victory in his battle to resolve England’s building safety crisis this week, having pressed developers into setting aside more than £2bn to fund critical repairs. Michael Gove’s hardball approach towards builders has paid off, with all publicly listed developers committed to a government pledge to
Austrian chancellor Karl Nehammer will on Monday become the first European leader to meet Russian president Vladimir Putin since Moscow’s invasion of Ukraine began six weeks ago. Nehammer’s trip to Moscow is part of efforts to promote a “dialogue” between Russia and Ukraine, according to chancellery officials, who said he would specifically raise the issue
EU member states are at loggerheads over demands for an immediate blockade on Russian oil imports as the soaring cost of living weighs heavily on politicians considering how to punish Moscow over its war in Ukraine. Momentum is growing in the EU for fresh curbs on Russian fossil fuels as evidence mounts of atrocities against
The British meat industry has called on the government to fast track the export of perishable goods after congestion at the port of Dover left lorries carrying fresh produce waiting up to two days to cross the English Channel. The delays had been caused by the cancellation of voyages by P&O Ferries, bad weather, increased
French voters began casting their ballots on Sunday in the first round of a presidential election in which far-right leader Marine Le Pen is mounting a strong challenge to the incumbent Emmanuel Macron. A victory for Le Pen, who is sceptical about the EU and Nato and has in the past boasted of her ties
The writer is professor of energy and climate change at University College London and was former senior adviser to energy regulator Ofgem The defining feature of the UK energy strategy is its incoherence. It doesn’t know what problem is it is trying to solve — and thus it doesn’t solve any. By failing to boost
Russia has boosted the fund that cushions its sanctions-hit economy with $3.4bn in additional oil and gas revenues thanks to rising energy prices since the start of its war with Ukraine, as it edges closer to its first debt default since 1998. Moscow said on Sunday that it would direct an additional Rbs273.4bn ($3.4bn) to
Britain’s public broadcaster wants its workforce to reflect the population it serves. By 2028 at the latest, the BBC hopes a quarter of its workforce — currently numbering 20,300 — will be from “a lower socio-economic background”. What does that mean? Brits spot class signifiers as keenly as police sniffer dogs locate loosely-bagged marijuana. Accents,
Covid cases in Shanghai hit their highest level yet as authorities in the locked-down city stepped up their battle to suppress China’s worst outbreak in two years. Shanghai, which is sealed off from the rest of the country as part of the most severe citywide measures since the virus emerged in Wuhan, reported 24,952 new
Adaptation Making changes to deal with the effects of climate change — both now and in the future. This includes building infrastructure such as flood and fire defences, developing crops that can cope with new climatic conditions, and exploring new ways of cooling buildings. Air/Atmosphere While oxygen is critical to life on earth, it is
Oleg Chaban, a Ukrainian psychiatrist, has witnessed at close quarters the emotional devastation caused by Russia’s war against his country. The head of psychology and psychotherapy services at Bogomolets National Medical University in Kyiv recalled a recent patient who just two days earlier saw her only child, a toddler daughter, die when the bus on which
When Buta Atwal took the helm of Wrightbus in 2019, coffee cups still littered the office desks and buses were standing half assembled on the factory floor. One of Northern Ireland’s most emblematic businesses had fallen into receivership six weeks previously. Atwal, 53, hadn’t planned to be a bus company chief executive, despite a quarter
Stand on the railway embankment near Hostomel and look north-east and the story of Russia’s rout in the Battle of Kyiv comes together. Three kilometres away you can see the village of Moschun, the site of a big battle and just south of it are the woods where Oleksandr Konoko, a battalion commander, described how,
Lars Wingefors’ 13-year-old self would approve of his recent purchase: Dark Horse Media, one of the biggest independent comic studios in the world and home to iconic titles including Hellboy and Sin City. Thirty years ago, while studying at a secondary school in Sweden, Wingefors started selling second-hand comics and by 18 he had dropped
When Katie Lazell-Fairman returned to work after recovering from a Covid-19 infection, she quickly discovered that the virus had taken a much heavier toll on her body than she initially realised. “I woke up suddenly feeling incredibly exhausted, dizzy. My heart rate was 135 beats per minute standing, 140-150 walking,” says the 35-year-old, a data