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Britain says expects financial services pact with EU this month

The City of London’s ties with the bloc were severed after Britain left the EU’s single market on Dec. 31 and the prospect of a pact has raised hopes in some quarters of at least a partial resumption of direct access to the continent’s financial markets.

Natural disasters occurring three times more often than 50 years ago: new FAO report

The least developed and low to middle income countries have fared worst of all. From 2008 to 2018, natural disasters have cost the agricultural sectors of developing economies more than $108 billion in damaged crop and livestock production.

Over the same period, Asia was the most hard-hit region, with overall economic losses of $49 billion, followed by Africa at $30 billion, and Latin America and the Caribbean at $29 billion.

63 nations to see ratings downgrades by 2030 for ignoring climate change

The U.S. is projected to lose 20 per cent of its per-capita gross domestic product by 2050 in a worst-case scenario, with nations closer to the equator or with high-carbon economies even more vulnerable, according to the FTSE Russell report.

Malaysia could see the worst economic hit at 31 per cent. The projections, based on trends of greenhouse-gas emissions and countries’ mitigation efforts, show the risk for investors of long-term bets on sovereign bonds.

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