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ECB aiding ‘climate chaos’ via emergency QE: Campaigners

Bloomberg The European Central Bank’s (ECB) emergency stimulus program is endangering the region’s climate-change objectives by “feeding a natural gas frenzy,” according to environmental campaigners. The central bank is buying bonds from fossil-fuel project developers including Royal Dutch Shell Plc, Total SE and Engie SA, Paris-based Reclaim Finance said in a statement. The Bank of France Governor Francois Villeroy de ...

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BOE rate cuts aren’t lowering mortgage costs

Bloomberg UK home buyers returning to the market after the coronavirus lockdown are finding they’re not benefiting from record-low central bank interest rates. Five months after the Bank of England (BOE) slashed its benchmark to 0.1%, mortgage rates have barely changed as banks fret about risks. For people with smaller deposits, average borrowing costs actually increased by more than half ...

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Apple preparing 75mn 5G iPhones alongside new watches, iPad

Bloomberg Apple Inc. has asked suppliers to build at least 75 million 5G iPhones for later this year, roughly in line with last year’s launch, in a sign that demand for the company’s most important product is holding up in the midst of the global pandemic and recession. The Cupertino, California-based technology giant anticipates shipments of these next-generation iPhones may ...

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