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Showing posts with the label LONDON

HSBC suspends banker who played down 'unsubstantiated, shrill' climate warnings

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  Chief executive distances company from comments by Stuart Kirk at London conference British financial company HSBC has distanced itself from comments by a senior banker in which he played down fears over climate change as “unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings”. Stuart Kirk was suspended from HSBC pending an investigation , the Financial Times reported, after his remarks prompted a rebuke from the company’s chief executive, Noel Quinn. Mr Kirk had addressed a conference called Moral Money with a presentation entitled “Why investors need not worry about climate risk”, in which he told the audience there was “always some nut job telling me about the end of the world”. “Who cares if Miami is six metres underwater in 100 years? Amsterdam has been six metres underwater for ages and that’s a really nice place,” he told the London event. Mr Kirk was appointed as the head of HSBC’s responsible investing unit in July 2021, a role that involves looking at th...

Pakistan's power brokers to meet in London after Imran Khan ousted

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  London is home to Pakistan’s dissidents and former prime minister Nawaz Sharif Two of the most powerful men in Pakistan’s politics were expected to meet in London on Thursday as bitter divisions following the removal of former prime minister Imran Khan played out in the UK. Three-time prime minister Nawaz Sharif, the elder brother of new Prime Minister Shehbaz Sharif, was expected to meet Bilalwal Bhutto Zardari, the head of the Pakistan People’s Party (PPP) in London, according to Pakistan news reports. Traditional foes the PPP and Mr Sharif’s Pakistan Muslim League-Nawaz (PML-N) allied to force Mr Khan from office earlier this month in a no-confidence vote. The charismatic Mr Khan blamed his loss of office on a foreign-backed conspiracy and has vowed to push for early elections with  Analysts said the meeting in London will see Mr Bhutto Zardari press his claims for a series of key political posts in the country as the two parties position themselves before elections ...