A High Court judge has blocked an attempt to launch a legal challenge over the government's use of taxpayers' money in Royal Bank of Scotland (RBS) investments that harm the environment and undermine human rights.
Fundamental reforms are urgently needed at the British government-owned investment company, CDC Group plc, which is supposed to reduce global poverty, UK-based international development agency Christian Aid says today.
A church-backed microfinance institution has increased its field investments by one third, reaching out to poor people often excluded by the commercial banking sector in spite of the global economic downturn.
The main British party conferences were about to sidestep the economy, but the latest bank crunch has made the topic unavoidable, says Simon Barrow. But do politicians or the churches have anything meaningful to say?
When Ekklesia pointed out that the Church of England appears to be involved in the dodgy market dealing it rhetorically condemns, the main point of our argument was that the churches have a golden opportunity to invest in something much more exciting.
Oikocredit, the leading private international microfinancier, which gives support to poor communities and social enterprise, has announced a significant growth in activity and impact in its preliminary results for 2007.
Churches used financial leverage to force British Airways to change its uniform policy, according to a new website aimed at making the investment activities of churches in the UK more transparent. The Church Investors Group has combined assets of £12 billion.