A Global Convergence on Purpose-Driven Finance The Global Sukuk Summit 2025 convened leaders from finance, government, and development institutions in London this week to explore how Islamic capital markets can accelerate sustainable finance worldwide. Hosted by the Islamic Development Bank Group (IsDB) in partnership with the Financial Times Group, the
The 2025 IMF Annual Meetings in Washington ended with a stark message: the global economy’s resilience is wearing thin. Behind the handshakes and optimism of finance ministers and central bankers, the International Monetary Fund’s latest World Economic Outlook delivered a sobering verdict—growth is slowing, debt is mounting, and the fragile
La Paz, October 21, 2025 – Bolivia has elected Senator Rodrigo Paz as president, marking the end of nearly two decades of uninterrupted rule by the left-wing Movimiento al Socialismo (MAS). With 54.5 percent of the vote against former President Jorge Quiroga’s 45.5 percent, the result signals a decisive shift
NEW YORK — October 2025 — Some of the world’s largest companies have united behind a single objective: to bring precision, comparability, and market discipline to the way global emissions are measured. A new coalition, Carbon Measures, has been launched by leading corporations across energy, finance, industry, and logistics to
LONDON, Oct. 17, 2025 — What was meant to be a historic breakthrough for global climate cooperation collapsed today inside a packed conference hall at the International Maritime Organization. After years of negotiations, diplomats had gathered to approve the world’s first global shipping carbon fee — a measure designed to
ANTANANARIVO — In a stunning reversal of power, Madagascar’s fragile democracy was upended this week when soldiers stormed the capital and installed Colonel Michael Randrianirina as head of state, prompting urgent calls from the United Nations to restore constitutional order. Secretary-General António Guterres condemned the move as an “unconstitutional change
WASHINGTON — In a fresh reversal of post-Paris financial policy, U.S. banking regulators have withdrawn landmark guidance on climate-related financial risks, erasing a federal framework that had directed the largest banks to account for climate exposure in governance and risk management. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and
LONDON — The global effort to put a price on maritime emissions has run aground once again. The International Maritime Organization (IMO) voted to delay by one year a decision on a carbon pricing mechanism for shipping, following sustained pressure from the United States and Saudi Arabia and support from
Panama City, Panama — Panama has once again placed itself at the forefront of global environmental leadership, announcing the Nature Summit Series 2025—a bold new platform designed to align with all three United Nations environmental conventions born from the 1992 Rio Earth Summit: the UN Framework Convention on Climate Change
Belem, Brazil — As world leaders and climate negotiators prepare to gather in the Amazonian city of Belem this November for COP30, an unexpected obstacle is overshadowing the climate agenda: soaring hotel prices. Many delegations are warning that accommodation costs have become so high that some countries may be forced
