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- Why was Metro Bank fined by the FCA?
- Metro Bank received a £16.7 million fine from the FCA due to significant flaws in its anti-money laundering controls, which went unaddressed for several years despite internal concerns.
- What restructuring plans did DCC announce?
- DCC, an Irish support services firm, announced plans to restructure its business, focusing on its energy division and selling off its healthcare and technology arms to increase shareholder value and improve its energy transition strategy.
- How did OPEC revise its global oil demand growth forecasts?
- OPEC lowered its global oil demand growth projections for 2024 to 1.54 million barrels per day and for 2023 to 1.82 million barrels per day, citing uncertainties surrounding Chinese demand and the global shift towards cleaner energy sources.
- What was Andy Haldane's suggestion regarding UK trade policy?
- A top economist, Andy Haldane, suggested the UK could simultaneously negotiate a trade deal with the US under a potential Trump presidency and improve relations with the EU, positioning the UK as a stable global player.
- What was the outcome of Shell's appeal against the Dutch court's climate ruling?
- Shell successfully appealed a Dutch court ruling that mandated a 45% reduction in its carbon emissions by 2030. The appeals court acknowledged Shell's responsibility but stated that imposing a specific legal emission target was inappropriate.