Progress on COP29’s 300 Billion Climate Finance Pledge in 2025
The COP29 New Collective Quantified Goal (NCQG) pledged 300 billion annually by 2035 for climate finance to developing countries. Political shifts in the U.S. and EU have slowed progress, with the U.S. cutting 18 billion in commitments. Despite multilateral efforts like the World Bank’s 52.9 billion, the trajectory toward 160 billion in 2025 is uncertain, highlighting the need for accelerated action.
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Boeing Hires Former Lockheed Martin Finance Chief As New CFO
Boeing appoints Jesus "Jay" Malave, former Lockheed Martin CFO, as its new Chief Financial Officer effective August 15, 2025, replacing Brian West, who transitions to a senior advisory role. Malave’s appointment comes amid Boeing’s ongoing recovery efforts following significant challenges in its commercial aviation sector.
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A Peer-to-Peer Pivot in China’s Overseas Development Finance
China's Overseas Development Finance (CODF) has shifted from large-scale energy and transportation projects to finance-focused lending through local development banks, reducing risks and aligning with sustainable development goals. In 2024, China extended 6.1 billion in loans, with 44% directed to financial intermediaries.
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Galderma Announces Departure of Its Chief Financial Officer
Galderma Group AG announced that Chief Financial Officer Thomas Dittrich will leave in Q2 2026 to pursue another senior executive role, with a successor to be named later. Dittrich’s leadership was instrumental in Galderma’s financial discipline and growth.
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Access Bank Ghana and Mastercard Launch Youth Digital Finance Initiative
Access Bank Ghana and Mastercard have launched AccessU, an age-segmented card initiative to empower Ghanaians aged 13–40 with tailored financial tools, promoting financial literacy and inclusion across three life stages - teens, young professionals, and middle-established professionals.
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Departments Told to Prepare for New Digital Finance Data System
HM Treasury is set to implement a new digital finance data system to enable real-time sharing of financial and performance data across departments, aiming to modernize spending controls and reduce compliance burdens.
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Major Gulf Markets Edge Higher as Investors Assess Trump's Tax Bill
Major Gulf stock markets rose slightly on July 1, 2025, as investors evaluated the potential impact of President Donald Trump's 3.3 trillion tax and spending bill, pending a U.S. Senate vote, amid rising oil prices and trade policy uncertainties.
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The Stock Market’s Secret Weapon Powering Record Highs
Morgan Stanley highlights improving earnings revisions breadth as a key driver of the stock market’s recovery, with the S&P 500 projected to reach 6,500 by year-end, fueled by positive analyst estimates, a weaker dollar, and tax incentives.
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