BUSINESSEurope looks for clarity on Facebook cryptocurrencyFacebook’s fledgling cryptocurrency is facing mounting scrutiny as European central bankers and regulators have now demanded more detail on the social media giant’s Libra project.
BUSINESSCorporate climate change costs ‘could top €890bn’More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1trn (€890bn), with much of the pain due in the next five years, according to a report.
BUSINESSLow interest rates ‘justified’ according to ECB policymakerLow interest rates are justified by economic conditions in the eurozone and their impact on banks’ profitability should not be exaggerated, says ECB policymaker Francois Villeroy de Galhau.