Bloomberg Italy has proposed veteran central banker Fabio Panetta as its candidate to replace Benoit Coeure as one of the European Central Bank’s top policy makers, according to a government official familiar with the matter. The Italian finance ministry sent Panetta’s candidacy to Mario Centeno, who leads the group of euro-area finance chiefs that will decide who joins the ECB’s ...

Bloomberg Banks and other financial firms need to get creative to bring sustainable investments into the mainstream, said David Solomon, Goldman Sachs’s CEO. Conversations with clients about climate exposure have “amped up materially” over the last two years, but sustainable investments like green bonds are still “relatively niche,” Solomon said at the Bloomberg Global Business Forum in New York. Such ...

Bloomberg Indian authorities are scrambling to suppress speculation about bank closures a day after the regulator imposed restrictions on a local lender, the latest indication of how jittery savers are amid a slowing economy and scandals in the financial system. “Reports appearing in some sections of social media about RBI closing down certain commercial banks are false,” the Reserve Bank ...

Abu Dhabi / WAM The UAE has been a home to places of worships of many religions for several decades. Christians of various denominations from across the globe, Hindus and Buddhists from South Asia and elsewhere, and believers of many other religions and sects have been practising their faith in this land of tolerance freely and comfortably. As the UAE ...

Boston / Emirates Business dnata, one of the world’s largest air services providers, continues to expand its catering operations in the United States. The company has opened two new, state-of-the-art facilities at Boston Logan International Airport (BOS) and Los Angeles International Airport (LAX) and now offers quality catering services from six airports in the country. dnata’s catering operations in the ...

DUBAI / WAM Catering to the growing banking demand of SMEs, Mashreq on Wednesday announced the launch of NeoBiz, the first digital banking proposition in UAE that will offer customised digital offerings for SME’s including start-ups and young businesses in the country. With the motto, ‘Built for business’, NeoBiz offers key services including digital onboarding, transparent and simplified products, digital ...

Dubai / WAM The Dubai Diamond Exchange’s newly upgraded auction facility was revealed on Wednesday, in a bid to drive a rise in the number of auctions held in Dubai, and boost sales and trade flows through the emirate. DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Wednesday unveiled the redesigned ...

AL AIN / WAM Sheikh Hazza bin Tahnoon bin Mohammed Al Nahyan, Under-Secretary of the Court of the Abu Dhabi Ruler’s Representative in Al Ain Region inaugurated the 11th edition of Al Ain Book Fair, which plays a vital role in bolstering the UAE’s publishing industry. Running at Al Ain Convention Centre until October 3, the Book Fair is held ...

Bloomberg It’s a fight that President Donald Trump has been spoiling for, and one that House Speaker Nancy Pelosi was reluctant to give him. And now, with the involvement of the Democratic front-runner Joe Biden, it’s a fight that could overtake the 2020 presidential campaign, no matter who becomes the Democratic nominee. Pelosi announced a formal impeachment inquiry. If it ...

Bloomberg Rejecting dialogue with the opposition would be “irrational,” Russian President Vladimir Putin told Nicolas Maduro, less than two weeks after the collapse of negotiations between the Venezuelan leader and his main opponent Juan Guaido. Putin, one of Maduro’s few international allies, didn’t offer any major new financial support to the embattled regime in his public comments at the opening ...