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Tag: Should

EU should drop oil, gas and coal funding, say ministers

EU should drop oil, gas and coal funding, say ministers

Business
The European Union should halt funding of oil, gas and coal projects, EU finance ministers said, potentially cutting €2bn (£1.7bn) of yearly investments.The finance ministers called upon the European Investment Bank (EIB), the EU's financing department, to cut its funding.Previously, they had only called for coal projects to be dropped.Since 2013, the EIB has funded €13.4bn of fossil fuel projects.Last year it funded about €2bn worth of projects.Some gas projects may be excused after Hungary suggested that Croatia and Ukraine might otherwise rely on Russia, Reuters reports, citing confidential documents.Gas projects are relatively common among EU member states as they are seen as a cleaner alternative to coal and oil, and more reliable than renewable sour
‘You should consider SIP in debt mutual funds,’ says Swarup Mohanty, CEO, Mirae Asset

‘You should consider SIP in debt mutual funds,’ says Swarup Mohanty, CEO, Mirae Asset

Finance
An SIP or Systematic Investment Plan is typically used to invest regularly in equity mutual funds. Does it make sense to invest through SIP in debt mutual fund schemes. Many investment experts do not think it is a smart idea, but Swarup Mohanty, CEO, Mirae Asset Global Investments (India), beg to differ. “If you have been comfortable doing RD in banks, there is no reason why you can’t take forward the same investment behaviour in mutual funds,” Mohanty told the participants at ET Wealth Investment Workshop, held in Noida last week. “Think about an SIP in debt. If you look at SIP in debt, they would have also given you very good returns. SIP in debt is a very decent investment vehicle. The only problem is that we do not talk much about it,” said Mohanty. Most mutual fund participants do not
This runner won the New York Marathon. Why he says everyone should run at least one

This runner won the New York Marathon. Why he says everyone should run at least one

Finance
Meb Keflezighi, of the United States, reacts after winning the 118th Boston Marathon, April 21, 2014.John Tlumacki | The Boston Globe | Getty ImagesWhen Meb Keflezighi ran his first competitive race in the seventh grade, his motivation was simple: to get a t-shirt for his school's running club that his older brothers also wore.Yet after running a mile in 5 minutes, 20 seconds, he discovered he had a unique talent. His teacher at the time told him, "You're going to go to the Olympics." And word in school quickly spread."I didn't speak English at the time, but my picture by the gym made history," said Keflezighi, who immigrated to the U.S. from Eritrea."They said, 'Hey, here's the fastest kid,' and people started giving me high-fives," he added. "And that was how my running started."Today, K...