Starting next year, they will decide which activities can be labelled as a sustainable investment in the EU. The Commission published climate-related criteria for green investments ranging from building renovations to the manufacture of cement, steel and batteries, reflecting draft plans previously reported by Reuters.

Health care systems still disrupted by pandemic but some recovering: WHO

Apr 23, 2021

“Health systems around the world are still being tested more than one year into the pandemic. Nearly all responding countries reported at least one service disruption and disruptions were reported across all health areas, demonstrating the far-reaching impact of the pandemic on health systems,” the WHO said.

Britain’s driverless car ambitions hit speed bump with insurers

Apr 22, 2021

Insurers are key players in the shift to automated driving, with some investing in a technology they believe will slash accidents and deaths, and save them billions in payouts.

But they are worried drivers might equate today’s lower levels of automation with fully self-driving vehicles, potentially causing more accidents in the short term and permanently damaging public confidence in the technology.

Bank of England sees potential risks from cloud data providers

Apr 22, 2021

Regulators globally have been tightening scrutiny of outsourced functions as they worry that core services financial firms provide to customers are vulnerable to outages at third parties.

Britain’s government is keen to promote fintech as an area of growth and hopes that nimbler regulation will enable it to steal a march over the European Union, where British financial firms now have reduced access due to Brexit.
On Monday, finance minister Rishi Sunak asked the BoE to work with the finance ministry on whether the central bank should set up a digital version of sterling to compete with cryptocurrencies, which he dubbed ‘Britcoin’.

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