Not so 'evil': Finance study makes case for hedging

The overuse of financial contracts known as derivatives – which were designed to help companies hedge against risk – was widely blamed for triggering the economic crisis of 2008. None other than Warren Buffet has attacked ...

Next 15 years vital for taming warming: UN panel

The next 15 years will be vital in determining whether global warming can be limited to 2C (3.6F) by 2100, with energy and transport presenting the heftiest challenges, according to a draft UN report.

Giant pudding was royal Christmas treat

Details of a ten-ton Christmas pudding, created to offset the blues of the Great Depression, have been rediscovered by University of Manchester historians.

Half of National Lottery in Spain sold at Christmas

Sales of the National Lottery have fallen for the last five years, which shows that even the most traditional games have been affected by the economic crisis. In 2012, it collected 5.0163 billion euros, down 4.8% from 2011 ...

Greek economic crisis leads to air pollution crisis

In the midst of a winter cold snap, a study from researchers in the United States and Greece reveals an overlooked side effect of economic crisis – dangerous air quality caused by burning cheaper fuel for warmth.

Divisive UN climate talks head into final stretch

Government ministers start arriving in Warsaw Tuesday for the final stretch of UN climate talks seeking to pave the way to a global deal in 2015 on curbing global warming.

Climate science alarming, irrefutable: Kerry

US Secretary of State John Kerry said Monday the evidence for climate change was beyond dispute but it was not too late for international action to prevent its worst impacts.

Rethinking investment risk

Financial innovation is supposed to reduce risk—in theory, at least. Yes, new financial instruments based on the housing market helped cause the financial crisis of 2008. But in the abstract, those same instruments have ...

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