Banks roll out emergency loans for farmers as severe drought threatens to savage crop yields

NatWest said it was reaching out to its 42,000 farming customers to offer loan repayment holidays and emergency overdrafts.

Bangladesh Bank (BB) is considering a scheme to provide young entrepreneurs with collateral-free loans of up to Tk 10 lakh at a concessional interest rate of 4 percent to 6 percent, with grants for those who repay their loans on time.

A massive wildfire in Spain’s Huelva province has forced 800 evacuations, burned around 20,000 hectares and comes during Europe’s worsening drought crisis.

A massive wildfire in Spain’s Huelva province has forced 800 evacuations, burned around 20,000 hectares and comes during Europe’s worsening drought crisis.

Extreme heat is straining the vaults that hold Parmigiano wheels as loan collateral, and economists say the damage runs wider than the vault

Since 1953, an Italian bank has accepted wheels of Parmigiano Reggiano as collateral for loans — but the heatwave sweeping across the region is causing the bank to second-guess its decision. About $350 million in cheese is sitting in two warehouses operated by Credito Emiliano, where a European heatwave is quickly thre