In perhaps the biggest change, the central bank said it will do more to help the fight against climate change and will include climate change considerations in monetary policy operations in the areas of disclosure, risk assessment, collateral framework and corporate sector asset purchases.

“The ECB will adjust the framework guiding the allocation of corporate bond purchases to incorporate climate change criteria, in line with its mandate,” it said.

EU fines German car makers $1B over emission collusion

Jul 8, 2021

EU antitrust chief Margrethe Vestager said that even though the companies had the technology to cut harmful emissions beyond legal limits, they resisted competition and denied consumers the chance to buy less polluting cars.

”Manufacturers deliberately avoided to compete on cleaning better than what was required by EU emission standards. And they did so despite the relevant technology being available,” Vestager said. That made their practice illegal, she said.

COVID infections imperil Indonesia’s vaccinated health workers, and hospitals

Jul 7, 2021

Health Minister Budi Gunadi Sadikin has defended the Sinovac vaccine. “The issue that we are facing is not about the different efficacy between vaccines, it is primarily because of the Delta variant.”

The Medical Association has urged the government to give health workers a third dose of the vaccine, and quickly.

British Airways settles with 2018 data breach victims

Jul 7, 2021

Law firm PGMBM said those affected by the data leak would receive a confidential settlement following mediation with British Airways. The resolution does not include any admission of liability by the airline, it added.

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