News

The world will see an economic slowdown this year as countries grapple with high inflation, energy price pressures and rising interest rates – but will avoid recession, says PwC.

Actuarial science is the second-most internet-searched finance career, and the only one in the insurance sector to make it into the ‘top 10’.

The number of companies in financial distress has risen by 4% in the past year.

The world’s largest asset managers voted against environmental, social and governance (ESG) proposals by shareholders more often in 2022 than in the previous year, according to analysis.

Financial institutions are still making huge investments in fossil fuels, despite signing a major international pledge to achieve net zero.

Nearly 40% of chief executives think their companies will “not be economically viable” in a decade unless they transform their operations, according to a major survey unveiled in line with the annual Davos meeting.

The number of corporate insolvencies in England and Wales last month was 76% higher than before the pandemic.

The government’s overhaul of insurance rules has increased the risk of corporate failures that will ultimately impact on public finances, MPs have been told.

A future financial crisis caused by stranded fossil fuel assets will lead to millions of job losses across the world and leave the UK economy in tatters, a study warns.

In a major reform to the pension system, the French government is proposing to raise the legal retirement age by two years to 64 by 2030.