Bloomberg President Cyril Ramaphosa defended South Africa’s neutral stance towards Russia’s war with Ukraine, saying it placed him in a stronger position to help mediate an end to the conflict. “Neutrality can cost and fortunately we’re not alone in all this, there are many others that have chosen the same path,” Ramaphosa said in an interview with Bloomberg Television on ...

Bloomberg Switzerland’s central bank refrained from sounding the alarm about the exchange rate despite the first breach of parity with the euro since 2015, as it warned that the war in Ukraine could hurt economic growth. Reflecting a restrained reaction to gains in the currency since the Russian invasion of Ukraine, the Swiss National Bank (SNB) stuck with its description ...

  Bloomberg Banks in the world’s third-biggest polluting nation are poorly prepared to combat rising global warming risks, according to a new study by local research and advisory group Climate Risk Horizons. None of the 34 Indian banks surveyed in the report have a long-term net zero target year with an implementation plan covering so-called scope 1, 2 and 3 ...