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Financial World, the magazine of LIBF

@financialworld.bsky.social
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A quarterly magazine written for the members of LIBF looking at financial services, economics, fintech, financial advice, trade finance, regulation and careers with guest columns from leading commentators.

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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 8h
China says it is willing to work with EU to boost stability of trade ties reut.rs/4eqRmqb
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China says it is willing to work with EU to boost stability of trade ties
China is willing to work with the European Union ​to inject more stability and positive ‌energy into economic and trade ties, Vice Premier He Lifeng told French diplomat Emmanuel ​Bonne in Beijing, the official ​Xinhua news agency said on Wednesday.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 7h
South Korea finds hacking incidents at total of 16 financial firms reut.rs/4B4W5rv
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South Korea finds hacking incidents at total of 16 financial firms
South Korea has found ​hacking incidents at a ‌total of 16 financial firms and ​around 100,000 cases ​of data leaks so ⁠far, the country's ​financial regulator said ​on Wednesday.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 7h
Pressured at home, EU leaders weigh China trade steps reut.rs/3UuCHUh
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Pressured at home, EU leaders weigh China trade steps
European leaders gather in Brussels on Thursday to weigh up the future of trading ties with China, whose surging exports of cars and other manufactured goods are threatening to harm local industry and cause mass ​layoffs across Europe.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 7h
EXCLUSIVE: EU seeks closer Vietnam ties on critical minerals in China hedge, documents show reut.rs/4ynHwwD
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EXCLUSIVE: EU seeks closer Vietnam ties on critical minerals in China hedge, documents show
The European Union is seeking to secure more critical minerals from Vietnam to reduce its reliance on China amid ​concerns that existing supplies may be at risk, according to internal EU documents seen by Reuters.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 7h
Bank of England's Pill says he's sceptical about market pricing four rate hikes reut.rs/3VErsZP
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Bank of England's Pill says he's sceptical about market pricing four rate hikes
Bank of England Chief Economist Huw Pill, who had voted in favour of raising rates, ​said on Wednesday he was more sceptical about ‌market pricing of four quarter-point increases to borrowing costs by the BoE over the next year.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 7h
Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz reut.rs/3TSaB5d
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Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz
Oil prices climbed on Wednesday after two vessels were struck in the Strait ‌of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 6h
Singapore pollution spikes, East Timor shuts schools as Indonesia wildfire haze intensifies reut.rs/4zrA2cQ
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Singapore pollution spikes, East Timor shuts schools as Indonesia wildfire haze intensifies
Pollution readings in Singapore reached their highest level this year on Wednesday ‌while East Timor shut its schools for three days in response to intensifying smoke and haze from Indonesia's wildfires.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 9h
Trump says oil, gas and mineral exploration to begin in Greenland reut.rs/4zuPWTI
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Trump says oil, gas and mineral exploration to begin in Greenland
US President ​Donald Trump ‌said on ​Wednesday ​that "massive" oil, gas ⁠and ​mineral ​exploration is getting ready ​to ​begin in Greenland, ‌he ⁠said in a ​statement ​on ⁠Truth Social.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 12/10/2026
This El Niño is shaping up to be the most powerful on record. Here's what to know.
bloom.bg
A Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to Expect
El Niño is back and shaping up to be the most powerful on record.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 12/10/2026
Global central banks are likely to head into 2027 with even tighter monetary-policy settings to keep inflation at bay
bloom.bg
A Higher-Rate World Is in Store as Central Banks Approach 2027
Global central banks are likely to head into 2027 with even tighter monetary-policy settings to keep inflation at bay.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 12/10/2026
China and the European Union have agreed to discuss the bloc’s restrictions on imports of inverters, a key piece of clean technology, offering potential relief to Chinese firms facing curbs on sales to a major overseas market.
bloom.bg
EU Agrees to Discuss Curbs on Chinese Inverters After Trade Meet
China and the European Union have agreed to discuss the bloc’s restrictions on imports of inverters, a key piece of clean technology, offering potential relief to Chinese firms facing curbs on sales to a major overseas market.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
US reverses course on Britain's testing of AI models, Telegraph says reut.rs/3UgvmaO
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US reverses course on Britain's testing of AI models, Telegraph says
American AI developers can give the British government early access ​to AI models for safety testing without ‌running afoul of US President Donald Trump's administration, the Telegraph newspaper said on Sunday.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
UK finance minister to call for big economies to get borrowing under control at IMF reut.rs/4B1ACzI
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UK finance minister to call for big economies to get borrowing under control at IMF
British finance minister John Healey will stress the importance of budget discipline and improving resilience to geopolitical shocks when ​he meets his foreign counterparts on his first trip to ‌the International Monetary Fund's annual meetings this week.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
Standing knee-deep in the Ken River, with mud smeared on her face to symbolize a connection to land her family has farmed for more than a century, Bitti Bai Kondar is among hundreds of tribal residents voicing anger over an $87 billion government project to link India's rivers reut.rs/3Uq1vNb
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As rising waters flood homes and temples, villagers protest India's $87 billion river-linking project
Standing knee-deep in the Ken River, with mud smeared on her face to symbolize a connection to ​land her family has farmed for more than a century, Bitti Bai Kondar is among hundreds of tribal residen...
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
IMF says AI investment keeps global growth around 3%, with major Asia benefits reut.rs/3VAjO2B
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IMF says AI investment keeps global growth around 3%, with major Asia benefits
Strong investment in AI infrastructure is keeping global ​growth at around 3%, yielding ‌major benefits for many Asian economies that supply the hardware, such ​as Thailand, said Kristalina ​Georgieva, managing director of the ⁠International Monetary Fund.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
EU eyes COP31 climate deal to accelerate CO2 cuts, document shows reut.rs/4i1wDdU
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EU eyes COP31 climate deal to accelerate CO2 cuts, document shows
The European Union will use next month's COP31 climate summit to push for agreement on a "package" of efforts to reduce the greenhouse gas ​emissions heating the planet, an internal EU document seen by Reuters showed.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
China home car sales downturn continues, exports retain momentum reut.rs/3TV7lpv
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China home car sales downturn continues, exports retain momentum
China's domestic car sales extended ​their decline for a ‌12th successive month, while exports remained a ​key growth driver ​as automakers looked overseas to ⁠cushion the impact ​of a sluggish home ​market.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
China holds intensive talks on hybrid, EV trade with EU reut.rs/47dUW3a
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China holds intensive talks on hybrid, EV trade with EU
China and the European ​Union held "intensive consultations" on ‌the trade of hybrid and electric vehicles, as well as ​efforts to balance ​economic and trade concerns, the ⁠commerce ministry said on ​Monday.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
LIVE: World Bank President Ajay Banga speaks at a town hall A civil society town hall with World Bank president Ajay Banga. www.youtube.com/watch?v=Yw7U...
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
Malaysia's 1MDB in settlement talks with Deutsche Bank, report says reut.rs/4jRYEXC
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Malaysia's 1MDB in settlement talks with Deutsche Bank, report says
Malaysia's state fund 1MDB is in talks to settle a legal dispute with Deutsche ​Bank , local media reported on Monday, as the ‌country continues its efforts to recover billions of dollars in alleged losses from a corruption scandal.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
British recruiter Hays tops quarterly net fee forecasts on strong US, Asia growth reut.rs/4e1wyWc
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British recruiter Hays tops quarterly net fee forecasts on strong US, Asia growth
British recruiter Hays posted on Monday first-quarter net fees ahead ​of analysts' estimates, as growth ‌in the US and Asia cushioned weakness in Northern Europe, and said it ​expects market conditions to remain ​stable in the near term.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
China's $7.5 billion EU hybrid boom faces new curbs under China-EU deal reut.rs/4dxLISS
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China's $7.5 billion EU hybrid boom faces new curbs under China-EU deal
China's deal with the European Union to curb exports of hybrid vehicles to the ​bloc is a fresh hit to Chinese EV makers that have ramped up hybrid shipments exempt from EU ‌tariffs on Chinese-made EVs, as sales growth slows at home.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 12/10/2026
TotalEnergies expands US venture with KKR with 700 MW portfolio reut.rs/4rXYUX4
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TotalEnergies expands US venture with KKR with 700 MW portfolio
TotalEnergies said on ​Monday it is ‌expanding its joint venture ​with ​KKR in the United ⁠States ​with the addition ​of a 700 megawatt renewables ​portfolio.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 09/10/2026
China's autonomous vehicle companies believe there’s a huge market opportunity in robot deliveries at night, if the technical challenges can be overcome. bloom.bg/4dwWGYV 📷️: Qilai Shen/Bloomberg
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 09/10/2026
Over 2 million students across Malaysia were forced to stay home on Friday as toxic haze from wildfires in Indonesia blanketed the region and the two nations’ leaders discussed efforts to tackle the crisis.
bloom.bg
F1 Says Singapore Race Will Go Ahead Despite Indonesia Haze
Singapore’s Formula 1 race will go ahead this weekend despite haze from Indonesian wildfires that has choked the city for weeks, pushing it to the top of the global rankings for air pollution.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 09/10/2026
A growing brush fire has shut Interstate 5 in both directions in north Los Angeles County, prompting evacuation orders and warnings as crews battle to bring the blaze under control
bloom.bg
Spreading Fire Shuts Interstate 5 Freeway North of Los Angeles
A growing brush fire has shut Interstate 5 in both directions in north Los Angeles County, prompting evacuation orders and warnings as crews battle to bring the blaze under control.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 09/10/2026
Japanese annual household spending drops for 9 straight months reut.rs/4yECtbY
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Japanese annual household spending drops for 9 straight months
Japanese household spending ​fell less than expected in ‌August from a year earlier, government data showed on Friday, ​for a ninth straight ​month of decline.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 09/10/2026
Record Chinese turnout puts European carmakers under pressure at Paris show reut.rs/4e3mnQV
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Record Chinese turnout puts European carmakers under pressure at Paris show
A record 20 Chinese car brands will descend on next week's Paris Motor Show, underscoring how rapidly China's automakers have established themselves as ​a competitive threat in Europe despite mounting trade barriers.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 09/10/2026
SoftBank seeks up to $100 billion from Gulf investors for AI push, FT reports reut.rs/4hCUamo
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SoftBank seeks up to $100 billion from Gulf investors for AI push, FT reports
SoftBank Group CEO Masayoshi Son ​is seeking to raise up to $100 ‌billion from Gulf investors to fund a new wave of AI investments, the Financial Times ​reported on Friday, citing people familiar ​with the matter.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 09/10/2026
Inside the deadlock at the world's top climate science body reut.rs/478P7Eg
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Inside the deadlock at the world's top climate science body
The decision was expected to take minutes. But after nearly three years of debate, members of the world’s leading authority on climate change still can’t agree on a timeline to publish its next review of the latest science on the warming planet.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 09/10/2026
Global watchdog urges authorities to close gaps in emergency funding for failing banks reut.rs/4hBqlm6
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Global watchdog urges authorities to close gaps in emergency funding for failing banks
The Financial Stability Board, the global body that monitors risks to the financial system, urged ​authorities on Friday to strengthen emergency funding arrangements ‌for failing banks after finding major gaps in countries' ability to provide liquidity during a crisis.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 09/10/2026
India's Aditya Birla unit seeks $1.5 billion in rupee loans to buy Shell arm Solenergi, bankers say reut.rs/3WheZv9
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India's Aditya Birla unit seeks $1.5 billion in rupee loans to buy Shell arm Solenergi, bankers say
India's Aditya Birla Renewables is seeking $1.5 billion in rupee-denominated loans to fund the acquisition of Shell Plc's Indian ​renewable energy arm and avoid a costlier bridge debt, three ‌bankers aware of the discussions said.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 09/10/2026
From the suburbs of Virginia to the outskirts of Amsterdam and Dublin, residents have increasingly rebelled against the spread of AI data centers, complaining of noise, surging electricity consumption and water stress That resistance is gaining ground in India reut.rs/3VDL4gz
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Modi wants India to power the AI age. Residents are pushing back
The view from Indian engineer Tushar Shetty's Mumbai apartment captures a tension playing out around the world as the artificial intelligence boom fuels an unprecedented data-centre building spree.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 07/10/2026
South Australia is on track to hit 100% renewable power generation next year. Dire predictions of a grid collapse didn't ever bear out (via Bloomberg Opinion)
bloom.bg
Australia’s Energy Experiment Proved the Skeptics Wrong
Just over 10 years ago, a wind storm sweeping through the state of South Australia appeared to deal a death blow for the energy transition.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 07/10/2026
Worsening air pollution driven by wildfires in Indonesia prompted Malaysia to temporarily shut schools in one of its most populated states, just as a major Formula One race in neighboring Singapore approaches.
bloom.bg
Wildfire Haze Shuts Malaysia Schools and Looms Over Singapore F1
Worsening air pollution driven by wildfires in Indonesia prompted Malaysia to temporarily shut schools in one of its most populated states, just as a major Formula One race in neighboring Singapore approaches.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 07/10/2026
France’s historic drought is straining drinking-water supplies, forcing tens of thousands to rely on bottled water and tanker deliveries as dry conditions persist into autumn.
bloom.bg
France’s Drought Strains Drinking Water for 1 Million People
France’s historic drought is stressing the country’s drinking-water system, forcing tens of thousands of people in some areas to rely on bottled water and tanker truck deliveries as dry conditions linger into autumn.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 07/10/2026
Climate summit warns stronger action needed to curb global warming reut.rs/3Vrls6B
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Climate summit warns stronger action needed to curb global warming
Countries must urgently scale up their commitments to keep temperature rises within 1.5 degrees Celsius (2.7 degrees Fahrenheit) to limit the ​impacts of extreme weather, a statement from a conference leading ‌up to the UN's COP31 summit said.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 07/10/2026
Houthis launch missiles at Yemen's Aden airport as fighting intensifies reut.rs/4zjnrIv
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Houthis launch missiles at Yemen's Aden airport as fighting intensifies
Two missiles launched by ​Yemen's Iran-aligned Houthis targeted the international airport ‌of Yemen's southern port city of Aden early on Wednesday but no casualties were reported, the media ​office of Aden's security department said.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 07/10/2026
Oil prices rise as storms and air strikes threaten supply reut.rs/4AZKE4r
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Oil prices rise as storms and air strikes threaten supply
Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of ​Middle East crude.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 07/10/2026
Hedge funds warn BoE repo reforms could backfire reut.rs/3TFa8TR
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Hedge funds warn BoE repo reforms could backfire
A hedge fund industry group has warned ​the Bank of England that proposed reforms to the market for short-term loans secured against UK government bonds, known ‌as "repo", could backfire and reduce liquidity at times of market stress.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 07/10/2026
Pacific's new climate fund gets $15 million boost but remains far below target reut.rs/47Gk3M6
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Pacific's new climate fund gets $15 million boost but remains far below target
Nations including Fiji and Ireland said on Wednesday they were donating about $15 million to a fund to finance climate resilience and adaptation projects in Pacific ​islands, but pledges remain far below the fund's target.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 07/10/2026
A Reuters investigation debunked Tesla’s flawed US research that its ‘Full Self-Driving’ system is up to 10 times safer than a human driver. Now it’s submitting the same research to European regulators deciding whether to approve FSD reut.rs/4AT9ItC
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Tesla is browbeating the EU to approve its ‘Full Self-Driving’ tech. The pressure is working.
Elon Musk’s EV company is running a social-media campaign blaming European traffic deaths on red tape. Its safety claims don’t hold up, experts say, but regulators are starting to buckle.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 07/10/2026
VIEW India raises policy rate by 25 bps in first hike in nearly four years reut.rs/4ywApTr
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VIEW India raises policy rate by 25 bps in first hike in nearly four years
The Indian central bank raised its benchmark repo rate INREPO=ECI by 25 basis points to 5.5% on Wednesday, marking the first rise in nearly four years amid mounting inflation and strong economic growth. COMMENTARY: ABHIJIT SURYA, SENIOR APAC ECONOMIST, CAPITAL ECONOMICS, MUMBAI
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Financial World, the magazine of LIBF @financialworld.bsky.social · 06/10/2026
Unions Rally Around the Threat of A.I. www.nytimes.com/2026/09/22/b... #AI #GenAI #employment #careers #automation #bigtech #tech
nytimes.com
Unions Rally Around the Threat of A.I.
The machinists union shows how workers are negotiating for a say in the ways artificial intelligence is used in their workplaces.
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Reposted by Financial World, the magazine of LIBF
Reuters @reuters.com · 06/10/2026
Pacific leaders watch Tuvalu reclamation effort ahead of UN climate meet reut.rs/4jEPuh0
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Pacific leaders watch Tuvalu reclamation effort ahead of UN climate meet
Representatives of 30 nations watched on Tuesday as white sand dredged from an atoll lagoon was used to ​reclaim land from the ocean in a fight by the tiny Pacific nation of Tuvalu to keep its main island ‌from being lost to rising waves.
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Financial World, the magazine of LIBF @financialworld.bsky.social · 06/10/2026
War Is Forcing the World to Reckon With Geography’s Power www.nytimes.com/2026/10/05/b... #geopolitics #energy #oil #policy #risk
nytimes.com
War With Iran Is Forcing the World to Reckon With Geography’s Power
Trade blockages in the Persian Gulf have reminded the world that there are forces as great as or greater than technology and globalization.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 06/10/2026
Citigroup is shortening the path from investment-banking analyst to associate to attract and retain talent as buyout firms aggressively recruit from Wall Street.
bloom.bg
Citi Speeds Junior Bankers’ Ascent in Fight With Private Equity
Citigroup Inc. is slashing the time its investment-banking analysts need to wait to advance to associate level, part of a push by the bank to attract and retain top talent in a fierce job market that’s seen buyout firms poach aggressively from Wall Street.
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Reposted by Financial World, the magazine of LIBF
Bloomberg News @bloomberg.com · 06/10/2026
OpenAI is in talks with multiple investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, to help anchor a $30 billion round of financing for the ChatGPT maker, according to people familiar with the matter.
bloom.bg
OpenAI in $30 Billion Round Talks With UAE Funds, BlackRock
OpenAI is in talks with multiple investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, to help anchor a $30 billion round of financing for the ChatGPT maker, according to people familiar with the matter.
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Reposted by Financial World, the magazine of LIBF
Saritha Rai @saritharai.bsky.social · 06/10/2026
American AI companies' performance lead over China has narrowed sharply in past months to a record low of 3% after labs such as DeepSeek gained ground, says Bloomberg Intelligence, threatening US tech supremacy. www.bloomberg.com/news/article... #AI
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Bloomberg News @bloomberg.com · 06/10/2026
Vice President JD Vance said an Alaska natural gas project with South Korea will move forward even as Seoul said its participation remains conditional on the venture being economically viable — prompting a threat of trade retaliation from President Donald Trump.
bloom.bg
Vance Says Alaska Project Will Proceed After Trump Warns Korea
Vice President JD Vance said an Alaska natural gas project with South Korea will move forward even as Seoul said its participation remains conditional on the venture being economically viable — prompting a threat of trade retaliation from President Donald Trump.
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