Monday 1st September 2014                 Change text size:

50 pound notes By Images_of_Money via Flickr

New SME lending rules to ‘open the flood gates’ for alternative finance

Banks in the UK may soon be forced to help small and medium sized enterprises (SMEs) find alternative sources of finance if they turn them down for loans, under proposed legislation outlined today. The unveiling of the rules, which are expected to take effect in Autumn, follows a Competitions...


Photo: Kārlis Dambrāns via Flickr

Samsung to continue using ‘child labour’ supplier

Tech giant Samsung Electronics has said it will reduce dealings with parts supplier Dongguan Shinyang Electronics by 30%, after evidence was discovered that the firm has used child labour. China-based Dongguan Shinyang came under fire in July, when campaign group China Labor Watch (CLW) found at least five child...


Hong Kong

Asia Climate Partners in $400m low carbon investment venture

ORIX, Asian Development Bank and Robeco have committed to a $400 million (£237m) joint venture that promises to mobilise private equity investment in low carbon initiatives across the east. The three groups have united to form the Asia Climate Partners (ACP), which will be founded in Hong Kong, with...


ANU by Stephen Dann via flickr

Australian National University to take sustainable investment advice from CAER

Environmental campaigners have welcomed the Australian National University’s (ANU) decision to hire research firm CAER, to advise the institution on sustainable and ethical investment. ANU’s new agreement with Canberra-based analysts CAER will mean its investments are judged according to social, environmental and ethical risks. “ANU recognises the importance an...


Photo: La Citta Vita via Flickr

Sustainability director of General Motors on clean energy for the future

Director of sustainability at General Motors (GM), David Tulauskas, has said corporations must do more to support renewable energy, while utilities must help make clean energy more accessible through innovation. In a post in the Guardian’s values-led business hub, Tulauskas argues the current system of sourcing renewable energy is...


payday loan By Jason Comely via Flickr

Savers should be allowed to access pensions and avoid payday loans, say experts

Investment firm Hargreaves Lansdown have suggested that households should be able to access a cash reserve of a few hundred pounds, withdrawn from their savings, in order to avoid relying on payday loans. Accessing pensions before retirement, suggest the firm, would take the immediate pressure off households when struggling...


Photo: Attilio Lombardo via Free Images

Four Winds Energy Co-op extends renewable energy share offer

A renewable energy co-operative seeking investors to support two community-owned 500 kilowatt (kW) wind turbines has extended its public share offer. The Four Winds Energy Co-op has now received sufficient funding to develop its first turbine in Duckmanton, near Chesterfield, having raised over £2.6 million. Construction will start imminently and...


Photo: Oleg Zaytsev via Flickr

Energy price riggers will face jail under new laws

Energy and climate change secretary Ed Davey has put forward new proposals that would see anyone guilty of manipulating energy prices facing up to two years in prison. The new laws would give more power to energy regulators and would make it a criminal offence to artificially ‘rig’ wholesale...


Israeli Defense Force MBT

£8bn arms sales to Israel under review by UK government

In light of the recent aggressive military campaign by Israel into Palestine, Downing Street is reviewing £8 billion arms contracts to Israel to ensure compliance with international regulations. As announced on Monday, the government will investigate exports by British companies, whose licences were approved by the government, to ensure...


fracking environment by Simon Fraser University Public Affairs and Media Relations via Flickr

Scientists warn expansion of fracking is outpacing research into environmental impacts

A US-based study has warned that the expansion of shale gas extraction, through methods such as fracking, is outpacing research on the issues around the practice, including spills leading to contamination and the environmental impacts. Fracking has grown rapidly in the US but remains a relatively new source of...


Scottish debate

Scottish Independence: Darling and Salmond debate energy, business and banking

In the lead up to the Scottish referendum vote on September 18, former chancellor of the exchequer and leader of the ‘No’ campaign, Alistair Darling faced Alex Salmond, leader of the Scottish National Party (SNP) and leading advocate for Scottish independence, in a televised showdown on Tuesday. Hosted in...


Photo: afcone via Flickr

Call to stop London Zoo evening events amid worries over animal distress

More than 67,000 people have signed a petition to stop controversial ‘Zoo Lates’ events being held at London Zoo. Concerns have been raised over the welfare of animals at the late night parties, after an investigation by the Guardian revealed drunken visitors threw beer over a tiger. Sources at...


Photo: Alex Ling via Free Images

McDonald’s admits Chinese expired meat scandal is denting sales

Leading fast food chain McDonald’s has admitted that a scandal involving its supply chain in China has had a “significant negative impact” on its sales. In July, McDonald’s was forced to take many products off its shelves across China, after police launched an investigation into allegations that expired meat...


pollution sunset by bugdog via stock.xchng

Top PR firms rule out working with climate deniers

Some of the world’s biggest public relation companies have ruled out working with climate deniers, suggesting that there could be a shift in how the media portrays and frames the climate change debate. Ten of the largest PR firms, including WPP, Text100, Finn Partners, Weber Shandwck, Waggener Edstrom Worldwide,...


Graph With Stacks Of Coins

Second annual Global Retail Banking Innovation Awards open for applications

The Global Retail Banking Innovation Awards, established by Efma and Accenture, is looking for cutting-edge marketing and distribution innovations from retail banks for their global award ceremony. Efma, whose membership includes nearly one-third of all global retail banks, in partnership with Accenture, a global distribution and marketing firm, will...


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