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The Latest Breaking News from ECB

Italy's president refuses Prime Minister Draghi's resignation

Italy’s President Sergio Mattarella on Thursday refused to accept Prime Minister Mario Draghi’s resignation, in a political crisis experts warned could send the eurozone’s third largest economy to snap elections.

France 24

Ten years on, Italy faces debt crisis Draghi may not solve

Ten years after Mario Draghi's "whatever it takes" pledge saved the euro, Italy is once again in the middle of a debt crisis - but the country's prime minister and former head of the European Central Bank may struggle to solve this one.

Reuters

ECB extends Sky Sports’ broadcast deal for four more years

The announcement will take the partnership between broadcaster and governing body past the 30-year mark.

The Independent UK

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Explained | What are countries doing to address gender-based pay disparity in cricket?

A few countries have taken steps to move towards equal pay for men and women but a lot remains to be done.

The Hindu

EXPLAINER: What's the impact of euro parity with the dollar?

The euro is hovering close to parity with the dollar, falling to its lowest level in 20 years and even briefly touching a one-to-one exchange rate with the U.S. currency this week

The Independent UK

What prompted euro’s loss of value and what’s its impact?

Experts identify two main reasons why the euro has lost value and the potential effects on the European Union.

Al Jazeera

ESG pulling Europe in opposite directions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

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England captain Jos Buttler delivers damning assessment of crushing loss vs India

Jos Buttler has admitted England perhaps made a mistake by trying to counter-attack against India in the first ODI and should have instead looked to "absorb pressure" and "bat ugly"

Daily Mirror

Central Banks Are Picking Up The Slack On Climate Finance

While only a minority of central banks currently have specific sustainability responsibilities, a majority are performing greater climate risk management roles, particularly as it relates to mitigating climate risks that challenge the stability of the financial system.

Benzinga

Euro slumps to parity with dollar amid recession fears on Continent

At its lowest point the European currency was down 0.64 of a cent at exactly $1.00

Evening Standard

Euro Comes a Whisker off Parity vs Dollar, at New 20-Yr Low

The euro fell on Tuesday, almost touching parity with the dollar, a threshold not crossed for two decades, weighed down by the likelihood of recession triggered by an energy crunch and an ECB rate rise campaign that lags far behind that of the Fed. The dollar index, a measure against…

Asharq Al-Awsat

England men’s cricket team ‘became leaner and fitter in run-up to World Cup win’

A study found a drop in body fat and a likely increase in lean mass and aerobic capacity among players in a seven-year period.

The Independent UK

Euro nears parity with dollar as pound hits two-year low

Europe’s single currency battered by fears over gas supply from Russia and US interest rate rises

The Guardian - UK

Failure Of Stablecoins Could Have Catastrophic Broader Financial Implications: ECB

Given that the largest stablecoins serve a critical function for crypto-asset markets’ liquidity, the failure of one of the largest stablecoins could have wide-ranging implications for crypto-asset markets and in turn contagion effects on the financial system, according to the European Central Bank (ECB).

Benzinga

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Financial Times

The mystery of how quantitative tightening will affect markets

Central banks are starting to shrink their balance sheets, but fund managers say they have no clue as to how QT will play out

Daily Mirror

Richard Gleeson's cricket career almost came to sudden end before dream England debut

Richard Gleeson enjoyed a dream debut for England at the age of 34, having battled back from a potentially career-ending injury

The Independent UK

Report: Europe's banks need to raise game on climate risk

The European Central Bank has taken a look at how the continent's banks are accounting for possible losses from climate change

Asharq Al-Awsat

Recession Fears Drag on Euro and Crude, Asian Markets Mixed

Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows and equities were mixed as recession fears continued to cast a pall across trading floors. Expectations for a contraction in some of the world's leading economies, including China, where a new Covid-19 flare-up has generated…

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The Times of India

RBI unveils measures to curb rupee slump, boost forex inflows

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday unveiled fresh measures to stabilise the rupee, which touched multiple record lows against the US dollar.

The Times of India

RBI liberalises norms to boost forex inflows

MUMBAI: Reserve Bank of India (RBI) on Wednesday further liberalised norms to boost inflows of foreign exchange, including doubling the borrowing limit under the ECB route, amid the rupee falling against the US dollar.

The Guardian - UK

Chance to Shine’s long slog breaches boundaries to find first internationals

Lauren Bell and Issy Wong are the first capped players helped by a charity that is successfully taking cricket to the streets

The Independent UK

Fans found guilty of racist abuse at Edgbaston face bans from cricket grounds

Investigations have been launched into allegations of abuse during the fifth Test between England and India.

The Independent UK

Police probe racism reports at Test match between England and India

West Midlands Police are liaising with officials at Edgbaston to find out what happened.

The Guardian - UK

England beat India by seven wickets with record chase to draw series – as it happened

Jonny Bairstow and Joe Root both make centuries to swing England to an astonishing victory at Edgbaston.

Dynamite News

Eng vs Ind: ECB, Warwickshire to investigate reports of racist abuse in crowd at Edgbaston

Warwickshire and the England and Wales Cricket Board (ECB) are investigating reports of racist abuse on the fourth day of the ongoing fifth Test match between England and India at Edgbaston. Read more on Dynamite News:

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