Woodford flagship fund to close

Germany's Olaf Scholz is hosting the G7 summit in Bavaria, where world leaders pledged $600 billion dollars to help low-income states build "climate resilient infrastructure." The Ukraine war is also high on the agenda.

Economists, scientists and environmental campaigners have said that Berlin should take its inflation-driven tax revenues and invest it in the country's environmentally-friendly future.

The German government has backed a draft law to charge companies over the sale of single-use plastic products. The plan still needs approval from lawmakers.

The European Commission’s energy supremo, Estonian Kadri Simson, recently visited Ukraine to discuss what can be done to help energy infrastructure damaged in Russian missile attacks. She details plans to transfer specialised machinery and devices to Ukraine through a dedicated fund. The Commissioner also updates us on the negotiations among EU member states on a possible price cap on gas imports – a potential response to Europe's energy crisis.

The deal to set up a fund to compensate poorer countries being hit by climate change is viewed as a positive development, but many remain skeptical as it's not clear who would pay for it and who would benefit.

A court in Hong Kong has found Cardinal Joseph Zen and five others guilty of failing to register a legal defense fund set up to help protesters in the 2019 anti-government protests.

Judges have ruled that Germany should be able to take part in the EU's €750-billion COVID-19 reconstruction fund. The court rejected two complaints that participation hands too much power from Berlin to Brussels.

A year ago, German Chancellor Olaf Scholz promised to upgrade the Bundeswehr with a massive one-off fund. Critics say not much has happened since.

Tallinn has hit back at reports that it upset its EU allies with reimbursements it has sought for weapons sent to Ukraine, in a trying moment for the bloc.

In addition to private investment totaling some $7 billion, US Vice President Kamala Harris announced that Washington would provide federal investment to boost access to climate information services.

Abductions are a new fundraising method used by separatists, analysts say. Over 30 women were taken last week for "allowing themselves to be manipulated by Cameroon's government," according to the insurgents themselves.

At their meeting in Luxembourg, the bloc's foreign ministers agreed to boost the military aid fund for Ukraine by €3.5 billion.