BLOOMBERG Banks in the euro zone curbed lending more than anticipated after borrowing costs jumped and turmoil gripped the financial sector, reinforcing calls for the European Central Bank (ECB) to slow the pace of its interest-rate hikes. Credit standards “tightened further substantially” in the first quarter, according to the ECB’s Bank Lending Survey. “The tightening for loans to firms and ...

ABU DHABI / WAM The UAE continues its pioneering efforts to combat climate change through various institutions that have implemented diverse initiatives to reduce greenhouse gas emissions, increasing investment in clean energy, and launching various projects in the renewable energy sector.In this report, the Emirates News Agency (WAM) will highlight the efforts of the Environment Agency — Abu Dhabi (EAD) ...

BLOOMBERG European stocks retreated and US equity futures wobbled after Australia’s unexpected interest-rate increase deepened conviction that US and European central banks push ahead with policy tightening to stamp out inflation. The Stoxx 600 index slipped as much as 0.4%, held down by growth-sensitive sectors such as energy and real estate. HSBC Holdings Plc bucked the decline after a profit ...