Author Archives: MFW

Fix EU food policies, Sept 4, 8.30-9.30, Place Lux

Date: Wednesday September 4 Time: 8.30-9.30amLocation: Place du Luxembourg, Brussels As Members of the European Parliament return to work in Brussels next week, leading campaign organisations are highlighting critical food-related issues with two stunts outside the European Parliament. The upcoming decisions taken by the European Union on biofuels and food speculation will have consequences for […]

Dutch government withdraws support for financial transaction tax

Leen Preesman, IPE: EUROPE – The Dutch pensions industry has responded positively to the government’s decision to withdraw its support for the controversial financial transaction tax (FTT), as updated proposals make no provision for exempting pension funds. The Pensions Federation said the government’s move was a “sensible decision”, as the new proposals would be “disastrous” […]

BNP Paribas loses appetite for food speculation

Chris Newland, Financial Times, 17-2-2013: BNP Paribas made a loud contribution to the debate on how comfortable fund managers, and financial institutions generally, should be about speculating on food prices last week. On the back of criticism from Oxfam, the international aid agency, which accused the French house of “speculating on hunger”, BNP suspended subscriptions […]

Dutch banking groups invest in nuclear weapons

RESEARCH BY PROFUNDO FOUND THAT SEVEN DUTCH BANKING GROUPS INVEST AND MANAGE A TOTAL AMOUNT OF MORE THAN 1.5 BILLION EURO IN TWENTY PRODUCERS OF NUCLEAR WEAPONS:
ABN Amro, AEGON, Delta Lloyd, ING, Rabobank Group, SNS Reaal and Van Lanschot. Three banking groups, ASN, NIBC and Triodos Bank, had no financial relationship with any nuclear weapons producer.

New video ‘Barclays Speculate’ – please share!

The World Development Movement launched Barclays Speculate, an exciting video featuring the stars of The revolution will be televised, Jolyon Rubinstein and Heydon Prowse.

This time their target is British high street bank Barclays as they hit the streets trying to sell unsuspecting members of the public investment opportunities in food speculation with “profit margins so ridiculous, it’s almost criminal”.

EP vote on MIFID:food speculation still a threat

Christine Haigh, the World Development Movement’s policy officer, said: ‘The text adopted yesterday by the Economic Affairs Committee contains dangerous loopholes: an overly narrow definition of the limits to be imposed on speculation and generous exemption clauses excusing some companies from regulation. Unless these problems are fixed, harmful speculation will continue to fuel the devastating price […]