Ward covers currency and rates markets for Bloomberg News in London.
October 5, 2021
For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms are ringing about a related financial danger: risks lurking within government bonds, the biggest part of the global debt market. …
June 29, 2021
Central London could lose as many as 835,000 jobs in the aftermath of the COVID-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labor …
June 3, 2020
The threat of a no-deal Brexit is back — and with it the risk that the UK economy’s shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into the last round of talks …
February 27, 2020
In a world facing a climate crisis, investors need to start taking account of carbon emissions and rising temperatures in their decisions, according to Bank of England Governor Mark Carney. The shift in thinking will be key to the industry’s …
February 13, 2020
Mark Carney said he’s lucky he never had to cut interest rates below zero as Bank of England governor because they would have damaged the UK. Carney, who leaves the central bank next month, has long been opposed to negative …
January 15, 2020
The World Economic Forum is sounding alarm bells on climate change, with environmental risks occupying the group’s top five long-term concerns for the first time on record. Extreme weather events, the failure of climate-change mitigation, major natural disasters, biodiversity loss …
November 27, 2019
The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal damages alone if no action is taken to combat climate change, according to the WWF. The calculations — made on …
September 24, 2019
Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m afraid,” …
February 11, 2019
Business is brisk at Nim’s Fruit Crisps. Pineapples are imported from Costa Rica, kiwis from Italy and oranges and lemons from Spain. They’re then turned into healthy snacks for export to Israel, South Africa, Hong Kong and elsewhere. You wouldn’t …
January 17, 2019
The failure to tackle climate change and extreme weather events are the most threatening global risks this year, according to the World Economic Forum. Inability to mitigate or adapt to climate change leapfrogged several places on the list as the …