Since the 2016 Paris Agreement, where nations pledged to curb climate change, a troubling reality has emerged. A new report reveals a stark gap between promises and actions. The world's biggest banks have funnelled nearly $7 trillion towards the fossil fuel industry - the very industry driving global warming.

Global banks funnel $7 tn to fossil fuels post Paris agreement

As major central banks in the US, euro zone, and the UK temporarily pause rate hikes, their counterparts in Europe's northern region face critical decisions. According to Bloomberg, Sweden's Riksbank, is set to make an announcement on Thursday, regarding raising the rates by a quarter-point to combat inflation, or opt for alternative strategies, creating uncertainty among economists and investors.

Global central banks navigate rate hike dilemma: Nordic nations take centre stage

A steep sell-off in banking stocks hit European indexes on Friday as worries about the stability of the financial sector intensified, with Deutsche Bank tumbling as cost of insuring the German bank's debt against the risk of default jumped to a more than four-year high.

Will global banking crisis spill into an all-out financial crisis?

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