Tag: finance news

UK brings budget forward in another attempt to reassure markets
10
Oct

UK brings budget forward in another attempt to reassure markets
Finance
London CNN Business — UK Finance Minister Kwasi Kwarteng will publish details of his plans to tackle ballooning government debt and kickstart economic growth on October 31, more than three weeks earlier than scheduled, in an attempt to reassure investors and restore the government’s badly damaged credibility. Kwarteng announced the new date in a letter to the Treasury on Monday. He also confirmed that the Office for Budget Responsibility (OBR), the independent fiscal watchdog, will publish its assessment of the government’s midterm budget on the same day. Investors have been pending clarity on a revised date for the budget, which…
Spotlight on RoSPA’s First International Awards Ambassador – RoSPA Workplace Safety Blog
9
Oct

Spotlight on RoSPA’s First International Awards Ambassador – RoSPA Workplace Safety Blog
Finance
In 2018, RoSPA developed the RoSPA Awards Ambassador scheme, aiming to create a network of individuals who champion RoSPA’s objective to drive up health and safety standards via the RoSPA’s International Health and Safety Awards. With more than 27-years of experience in OS&H management, and over half of those spent working overseas, Stephen Storey, who is based in India, was well placed to be RoSPA’s first international awards ambassador. We catch up with him to see what this means for him. Stephen Story has spent fifteen years working overseas in OS&H management in the Middle East and Asia. He is…
City’s finance committee hears requests to appropriate funds
6
Oct

City’s finance committee hears requests to appropriate funds
Finance
Cambridge City Council’s Finance Committee considered a number of requests from various departments, during its meeting this week. City Utility Director Lou Thornton made a request to appropriate $220,000 from the Unappropriated Sewer Fund. Of those funds $20,000 would go to sewer supplies, $20,000 to sewer miscellaneous service, $50,000 to sewer vehicle maintenance, $10,000 to sewer miscellaneous, $60,000 to sewer capital improvement and $60,000 to sewer equipment. “When we first put our budgets together in October of last year, it’s very difficult to anticipate what’s happened to the economy,” Thornton explained. “As a result between the budget being from last…
Islamic finance provides an alternative to debt-based systems
5
Oct

Islamic finance provides an alternative to debt-based systems
Finance
The growth of Islamic banks provides Muslims living in North America with options that reflect their beliefs. (Shutterstock) For years, Muslims in North America have struggled to find ways to purchase homes while complying with Islamic law, or shariah. The Qur’an prohibits both the collection and payment of interest. For more than a million Canadians, these religious structures are limited access to conventional mortgages. Recently, however, companies such as the Canadian Halal Financial Corporation have emerged to fill this void. The creation of a vehicle in North America to enable Muslims to finance home ownership is part of an emerging…
Corrigendum (credit rating AA+) – Alvaro Lario, global finance executive, takes helm at UN’s International Fund for Agricultural Development
2
Oct

Corrigendum (credit rating AA+) – Alvaro Lario, global finance executive, takes helm at UN’s International Fund for Agricultural Development
Finance
ROME, Oct. 1, 2022 /PRNewswire/ — Development finance leader Alvaro Lario takes the helmet of the UN’s International Fund for Agricultural Development on Saturday with an urgent mission to battle poverty and hunger among the world’s rural poor as they face existential threats of climate change and food insecurity. Alvaro Larioglobal finance executive, takes helm at UN’s International Fund for Agricultural Development Lario, a Spanish national who has served as IFAD’s chief financial officer since 2018, has led efforts to harness private sector investment to boost the resilience of millions of small-scale farmers and rural communities who are among those…