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Top OMFIF News

Canada focusing on peace, energy security and new partnerships at G7 meeting: Carney
Mark Carney · Canada

Canada focusing on peace, energy security and new partnerships at G7 meeting: Carney

63% Left coverage: 32 sources
Prime Minister Mark Carney says the G7 leaders’ summit later this month in Alberta will see Canada seeking agreements in three key areas. Carney released a statement today saying Canada’s top priority will be strengthening global peace and security, which includes countering foreign interference and transnational crime, as well as improving responses to wildfires. To spur economic growth, the prime minster says he will focus on improving energy security by fortifying supply chains for critical minerals and accelerating the use of artificial intelligence.See the Story
Trump Family's Crypto 'Conflicts Of Interest' Are Coming In The Way Of Law Meant To Regulate Digital Assets, Says Gregory Meeks
Donald Trump · United States

Trump Family's Crypto 'Conflicts Of Interest' Are Coming In The Way Of Law Meant To Regulate Digital Assets, Says Gregory Meeks

75% Center coverage: 4 sources
The involvement of President Donald Trump’s family in the cryptocurrency industry was creating problems in the progression of a bill designed to regulate the sector, a senior Democratic legislator said on Wednesday.See the Story
Citizens Addressing our Changing Climate: Why care about climate disasters?
Climate Crisis · Bemidji

Citizens Addressing our Changing Climate: Why care about climate disasters?

100% Right coverage: 2 sources
In May, I found myself paying close attention to the extreme weather and its effects on northern Minnesota. Dry, windy days with unseasonable heat always concern me in spring because of potential impacts on nature. I wonder: will wildfire season be unusually bad this year? Will extreme swings in temperatures affect fish spawning? How about fluctuations in lake and river levels? Good or bad start to the growing season, including for wild rice? Ef…See the Story

‘A good bet’: Sector reacts to £113bn of commitments to infrastructure in Spending Review

Voices from across the engineering sector have welcomed the significant infrastructure funding commitments from the government’s Spending Review, but have said that the devil will be in the detail of the 10-Year Infrastructure Plan. The post ‘A good bet’: Sector reacts to £113bn of commitments to infrastructure in Spending Review appeared first on New Civil Engineer.Infrastructure · United KingdomSee the Story

How Women in Leadership Drive Market Opportunity

Leadership in the financial sector is more inclusive than ever, yet it remains far from the goal of equality. As highlighted in OMFIF’s 2024 Gender Balance Index, out of the 335 financial institutions surveyed, only 16% of institutions are led by a woman. This disparity isn’t due to a lack of qualified women – it’s a reflection of persistent biases that keep them from reaching the top – and that translates to money left on the table.Finance · CambodiaSee the Story

Are we heading for a multi-currency world?

The global financial system looks headed to a long and slow unravelling. This will take a long time, but the current trajectory looks headed to a multi-currency world without a global lender of last resort and few certain places to hide in a crisis.Read Article

Gold’s status from ‘theoretical’ to ‘tactical’ hedge

IN TODAY’S fragile political and financial environment, gold is regaining prominence in the strategies of warily observant reserve managers.Singapore · SingaporeSee the Story

Taming the legal creativity of the tokenisation ecosystem

Towards legal clarity The post Taming the legal creativity of the tokenisation ecosystem appeared first on OMFIF.Read Article

Digital money and the art of the impossible

WHILE G7 central banks continue to agonise over supplementing physical cash with digital money, and in the case of the US, ban the central bank digital currency version outright, India has surged ahead with a mobile-based payments platform accounting for half the world’s real-time payments in 2023.G7 · IndiaSee the Story

Assessing the immediate climate financial risks in NGFS' short-term scenarios

The imperative to quantify climate-related financial risks is no longer a long-term challenge but a near-term necessity. Climate change requires this quantification to be carried out in a forward-looking way using scenarios, which are crucial in investment decisions, risk management and regulatory measures. The short-term climate scenarios released by the Network for Greening the Financial System mark a significant advance in this effort.Climate ChangeRead Article

Treasury Secretary Scott Bessent Sounds Alarm On "Ultimate Calamity" As Debt Ceiling Looms

100% Right coverage: 2 sources
Treasury Secretary Scott Bessent sounded the alarm on Fox News Tuesday, cautioning that congressional inaction on economic reform could precipitate what he termed the “ultimate calamity.” With a mid-July deadline approaching to raise the nation’s $37 trillion debt ceiling, Bessent underscored the urgent need for a balanced approach that combines disciplined spending cuts with policies […] Treasury Secretary Scott Bessent Sounds Alarm On “Ultimat…IMF · United StatesSee the Story

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