The Governor of the Bank of England, Mark Carney, has urged investors to move away from fossil fuels. In an interview with BBC, he said that the world was on track to see temperatures rise by 4C if current trends continue and that unless immediate action was taken, firm's assets would also become "useless".

Carney also argued that despite criticism by environmental activists, capitalism is still able to fight climate change by funding greener technologies. However, governments should impose further regulations in order to keep companies in check.

A three-day strike by the cabin crews of Germanwings flight operations has resulted in 170 flight cancelations in Germany. Germanwings is a low-cost airline that is owned by Lufthansa and operates 30 of Eurowings' 140 flights. 

The strike was started by the UFO labor union after months of failed negotiations over pay and working conditions. In a statement, Eurowings described the strike as unfounded and incomprehensible.

The strike is scheduled to continue until 1 January.

The ethical consumer market in the UK is four times larger than it was twenty years ago, according to a study by the Co-op. The report said that in 1999 the value of the market was only £11.2 billion ($14 billion). Now it is worth £41.1 billion ($54 billion).

The Co-op added that it saw the largest growth in ethical food and drink, such as Fairtrade and organic produce, and in energy efficient appliances. The increase means that the average UK households spent $1,675 on ethical consumer products in 2019 compared to $264 in 1999. 

Housing prices in Germany increased by nine percent compared to 2018 in the country's seven largest cities, according to the Federal Statistics Office. The increase has been attributed to low borrowing costs and limited housing.

According to Reuters, officials from Bundesbank, Germany's central bank, have warned that properties may be overvalued by 15 to 30 percent, and that the increase in value might become a housing bubble.