Advertisement
UK markets closed

  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     

  • FTSE 250

    20,786.65
    +176.31 (+0.86%)
     

  • AIM

    774.39
    +4.97 (+0.65%)
     

  • GBP/EUR

    1.1819
    +0.0021 (+0.18%)
     

  • GBP/USD

    1.2813
    +0.0052 (+0.41%)
     

  • Bitcoin GBP

    44,300.25
    +1,112.98 (+2.58%)
     

  • CMC Crypto 200

    1,180.41
    -28.28 (-2.34%)
     

  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     

  • DOW

    39,375.87
    +67.87 (+0.17%)
     

  • CRUDE OIL

    83.44
    -0.44 (-0.52%)
     

  • GOLD FUTURES

    2,399.80
    +30.40 (+1.28%)
     

  • NIKKEI 225

    40,912.37
    -1.28 (-0.00%)
     

  • HANG SENG

    17,799.61
    -228.67 (-1.27%)
     

  • DAX

    18,475.45
    +24.97 (+0.14%)
     

  • CAC 40

    7,675.62
    -20.16 (-0.26%)
     
Money:

What the new Labour government means for your money

Now that the dust has settled on the election we can take stock of what a Labour win will mean for your finances

World Bank will host facility for climate disaster risk - Malpass

Reuters
·1-min read
FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua

SHARM EL-SHEIKH, Egypt (Reuters) - The World Bank will host a new facility that will help countries that suffer heavy economic loss due to climate change-driven disasters, its president David Malpass said on Tuesday.

Malpass announced the new instrument, called the Global Shield Financing Facility, at a meeting with German Chancellor Olaf Scholz, who has spearheaded the effort among G7 members to create a programme to give vulnerable countries access to disaster risk finance and insurance.

Scholz announced at the UN Climate Change Conference in Egypt on Monday that it will offer 170 million euros for the Global Shield programme.

(Reporting by William James; Editing by Alex Richardson)