Climate change, renewable energy, biodiversity, social equality and other sustainability objectives are top concerns for financial firms and stakeholders. To be on the right side of the transition, banks need to adopt strategy models that incorporate social and environmental factors in loan criteria. Only then will they begin banking for impact.
The introduction of a Central Bank Digital Currency (CBDC) is taking concrete shape in more and more countries economic and currency areas. The European Central Bank (ECB) is currently evaluating the specifications of a digital Euro, Sweden recently extended the test phase for its own CBDC and in China,
Cryptocurrencies have circulated for a while but are still plagued by scepticism. Recently, cryptos have received endorsements from high-profile advocates, and the credibility of this asset class is growing—along with its prices. What are the top cryptos, where are their prices heading, and are they worth serious investor consideration?
Equities across most of the major Asia-Pacific (APAC) markets encountered massive sell-off on Tuesday, 11 May, following the downbeat Wall Street with the tech-heavy benchmark Nasdaq Composite sliding more than 2.5 per cent. Led by the heavy drop in the blue-chip technology stocks, including Apple, Tesla, Facebook, Amazon, Alphabet, Netflix, Nvidia, Microsoft, and Paypal, the Nasdaq Composite suffered a loss of 350.38 points, or 2.55 per cent to close at 13,401.86 on 10 May.
On January 27, Tesla released its financial results for the fourth quarter (Q4) 2020 and the full year ended December 31, 2020, confirming that the Palo Alto-based electric-vehicle and clean-energy company’s earnings had missed estimates for the quarter.
“Success in creating effective AI could be the biggest event in the history of our civilization. Or the worst. We just don’t know. So, we cannot know if we will be infinitely helped by AI, or ignored by it and side-lined, or conceivably destroyed by it,” noted physicist Stephen Hawking postulated in 2017, shortly before his death.
Due to the unique challenges that have arisen from the pandemic-induced lockdowns, 2020 has been a tough year for many industries around the world—not least for the auto industry. As COVID-19 cases continue to emerge in earnest, government restrictions that remain in place to this day throughout much of the world
Few commodities have experienced more pronounced volatility over the last few years than cobalt. This versatile, ferromagnetic metal has been increasingly sought after in recent times, thanks in no small part to its use in lithium-ion batteries
Cobalt, that versatile ferromagnetic metal, has experienced its own evolution; no longer used just to provide blue colour for glass and ceramics, it is today highly valued as a necessary ingredient for making those prized electric-car and smartphone batteries tick. Cobalt has seen its price rise and fall over recent years, but the current trend is in an upward direction as demand outpaces supply.
In the United States, the average car spends 96 percent of its time parked on a parking space or in a garage. The rest of the world isn’t much better. Yet, regardless of all those cars just sitting and doing nothing, it is reported that 1.2 million people are killed in road accidents per year worldwide.