European Carbon Nears Record High as Compliance Deadline Looms
Benchmark front-month futures dropped as much as 6.2% to €48.78 a megawatt-hour, the lowest intraday level since Aug. 31, 2021. The contract has lost about 35% so far this year, but is still about double the usual levels for this time of year.
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Business Maverick: World Bank chief Malpass to leave, creating Biden openingWorld Bank president David Malpass said he plans to step down by the middle of this year, giving the Biden administration an opening to pick someone to carry out its goal of overhauling the global development lender to focus more on fighting climate change.
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Business Maverick: Zambia President Slams ‘Black Mamba Kiss of Death’ Lending RatesZambian President Hakainde Hichilema slammed the “suicidal” interest rates on his nation’s foreign debt and said reductions to its principal are needed, a demand that may set up a showdown with Chinese lenders.
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