The European Environment Agency (EEA) has called for more private investment to help underpin a smoother sustainability transition. According to the organisation, the continent needs a “solid socio-economic and fiscal policy framework” to ensure that the European Green Deal is implemented smoothly. First presented by the Commission in 2019, the European Green Deal aims to…
PGIM Investments has appointed Rochus Appert to the new role of the group’s country head of Switzerland. Appert, who will be based in Zurich, will lead the US asset manager’s wholesale distribution strategy for the Swiss market. “PGIM Investments has been continuing to grow and develop its presence across Europe,” said Matt Shafer, head of…
The EU is expected to see greater average investment relative to GDP over the next five years, according to research by fDi Intelligence. The firm said it had concluded this after an analysis of IMF data on gross fixed capital formation (GCFC) – defined as the total value of investment to add or maintain fixed…
The cost-of-living crisis is biting in Germany, with reports this week of surging food inflation and a collapsing fibreoptic sector. The German financial newspaper Handelsblatt ran the two reports, stating in one that food inflation within the country had reached 97% for some items. App company smhaggle had compared prices for the paper, concluding that…
Asset manager DWS has joined with Munich Re’s and ERGO’s asset manager firm MEAG to buy the biogas and biomethane firm Weltec. DWS confirmed it had entered into the joint acquisition as part of its third institutional Pan-European Infrastructure Fund (PEIF III). Financial details, said the group, were confidential. “We are pleased to be working…
French car giant Renault has confirmed it has held “friendly discussions” with China International Capital Corporation (CICC). Confirmation of the talks with the investment bank came during a briefing to Reuters in which a spokesperson for the automobile manufacturer said the talks were around China’s market. It is understood from earlier reporting in the Chinese…
The European Council (EC) continues to beat the drum for sustainable finance, even as the sector continues to sputter. Earlier this week, the EC announced it had adopted new regulation to promote sustainable finance The new regulation, it said, would create a new European green bond standard, laying down uniform requirements for issuers that wanted…
Capital Group has appointed Benno Klingenberg-Timm as its new head of institutional for Europe and Asia. He begins his role immediately and will fill the role left vacant by the passing of Stephen Gosztony last year. Writing on LinkedIn, the Singapore-based Klingenberg-Timm wrote: “I am excited to embark on this new journey, alongside my fellow…
Energy investment within Europe is set to decline, according to an ING report, as European utilities grow more selective In European Utilities Outlook: More Investment but More Selective in 2024, ING’s head of corporates sector strategy Nadège Tillier noted that investment grew by 10% a year between 2018 and 2022. Despite this, she contended 2024…
Asset manager Robeco has appointed Ana Claver to the role of head of Europe wholesale and Nick King to head up its new ETF platform. Claver (pictured) will oversee the wholesale teams, the firm said, as well as develop and execute strategic plans for the wholesale division in Europe, aligning with Robeco’s overall objectives. Madrid-based…
France has been identified as the second-largest start-up “ecosystem” on the continent. The claim was made in an article on the site Maddyness, which also posited that Paris was set to become a ‘boomtown’ for investment in artificial intelligence (AI). Hugo Borensztein, co-founder and CEO of AI platform Omi, who was interviewed for the piece,…
MEPs have voted to adopt a new voluntary standard over the use of the ‘European Green Bond’ label. According to the European Parliament, the regulation – adopted by 418 votes in favour, with 79 against and 72 abstentions – lays down uniform standards for issuers who wish to use the designation ‘European green bond’ or…
