Biggest Cryptocurrency Scam Seen In South Africa?
AfriCrypt claimed it was a target of hacker before its founders disappeared while later investigation found that “the firm laundered its holdings in the form of Bitcoin”.
Investment
Norwegian Sovereign Wealth Fund Can’t Find Suitable Energy Investment Project
The fund continues to be on the look out for suitable projects to carry on with its investment plans.
U.S Refiners Eye Under-Tapped Renewable Diesel Market Of Canada
Renewable diesel as well as biodiesel have nearly fifty to eighty percent less carbon footprint in comparison to conventional diesel.
Kuwait names Crown Prince Sheikh Nawaf al-Ahmad al-Sabah as its new emir
Diplomats and analysts expect Sheikh Nawaf al-Ahmad al-Sabah to maintain Kuwait’s investment, oil and foreign policies and focus on domestic matters including boosting its finances which have taken a hit because of the coronavirus.
Germany Is Likely To Revise Its GDP Forecast Upward For 2020
The largest European economy an “austerity champion” is likely to become “one of the biggest spenders” to join in the zone’s effort of rebounding from the pandemic.
The First Ever Detailed ‘Net Zero Investment Framework’
IIGC’s framework is the first to present “practical guidance” for the investors in decarbonising portfolios and boosting investments to find solutions to climate change.
EU To Invest In Space Technology Giving ‘Means To Speed Up’
With China and the U.S. moving ahead in their space technology, the EU feels the pressureto “keep up” and decides to for the first time to spend from its budget.
EU Finds Germany’s ‘130 Billion Euro’ Stimulus ‘Impressive’
Germany’s new economic stimulus offers “temporary tax cuts, handouts to families and investment in green transport technologies”.
Barclays’ Shareholders Support New Resolution To Reduce Fossil Fuel Investment
Shareholders put pressure on Barclays to set plans for responsible financing.
Samsung’s New Normal Shorter Chip-Cycle
Even though, Samsung has recorded poor performances in the last quarters of 2019, analysts expect an imminent recovery.
Are We ‘Spending Another Decade Doing Worthy Things But Not Enough’?
Financial market is not fast enough to reduce investments on fossils fuels, says Carney.
Italian Defence Minister Gives Green Signal For F-35 Phase Two
Italy will continue with “F-35 fighter jets” investment plan, hoping to build on its previous investments and seizing the programme opportunities.
Kuwait & Abu Dhabi To Invest In Saudi Aramco IPO
Aramco IPO did not gather momentum beyond the Gulf region, resulting in a revised lower IPO target; Kuwait and Abu Dhabi are reported to provide support.
Study Finds The U.S. Midwest To Yield Best Benefit From Renewable Plant Installation
Study looks beyond cost benefits and delved deeper in the health benefit of switching to renewable energy.
Americans Want To Let Their Cars Worry About Driving
Survey reveals that more and more American wish to extend their homes and offices to their cars while the autonomous driving takes charge to safely drop them at their desired destination. Is the car industry ready for it?
Plastic Manufacturer Indorama Invests ‘$1 billion’ For Plastic Recycling
Indorama looks to increase its “green credentials” amid stronger regulations and customer demands on recycling.
‘Crypto-Assets Do Not Pose A Threat To Global Financial Stability’: G20 Leaders’ Joint Declaration
The Leaders of G20 is committed towards fostering global economic growth through “technological innovation” while maintain close watch on crypto assets’ development and “emerging risks”.
Consortium of Banks Plans To Invest Nearly ‘$50 million’ In Ambitious ‘Digital Cash System’
This time, banks have taken the central banks and regulators on board to ensure that their digital cash has an equivalent value with fiat currency.
Walmart Too Joins The Investment Rounds In Home Market
Creating new campus and jobs have become widespread in the U.S. market.
Larry Ellison Becomes The ‘Second Largest Individual Investor’ For Tesla
Following the entry of Ellison into Tesla’s board of director, he turns an investor for the company.
Tokopedia’s Latest Funding Round Secured ‘$1.1 Billion’
Alibaba and Softbank invest in Indonesian e-commerce Tokopedia with the growing interest in the said market.
France’s Societe Generale Settles Libor Case & Libyan Dealings
Societe Generale presents its agreement papers to the court for approval to end the Libor manipulation accusations and more.
Brexit Is Not A Major Concern Against The Global Uncertain Political Backdrop: C.E.O of Peugeot
Even though, the clouds of uncertainties loom over the trade and business scenario of Britain with the approaching hour for official Brexit; Peugeot decides to carry on its investments in its southern England plant.
Shell Goes On A Renewable Acquisition Spree Gaining Momentum In The Clean Energy Race
Shell and its peers are eyeing the renewable energy sectors on a “greater scale” to “effectively operate and leverage their trading skills” in the market.
Investing In Britain’s Housing Sector In 2018 Could Be Profitable, Indicates Economists’ Poll
2018 comes with a positive outlook for Britain’s construction sector even though the designated hour of Brexit draws closer.
Deutsche Bank’s Aim Is ‘Not To Maximize Earnings For One Or Two Quarters’
Arriving from the brink of collapse, and aiming for a “broader restructuring” would require two to three more year for Deutsche Bank.
Royal Dutch Shell deepens its investment in renewables
With consumers opting for renewable energy sources and with the energy market being increasingly accomodative towards renewables, Royal Dutch Shell is strategically positioning itself to tap this burgeoning market to co-develop “models to help customers manage their energy use better”.
ECB Needs ‘Broader Recalibration’ Beyond ‘QE’: Hansson
The maturing debt could be better invested at ECB thinks Hansson.
‘Calmer Markets’ Boost Revenue Growth Of The Leading Global Banks
12 largest investment banks in the world recorded revenue increment in the first half of 2017.
‘Wave Of Privatisation’ Takes Off In France & Moves Towards ‘Planned Innovation Fund’
The Ministry of Finance in France, under the President’s wish, sells Engie’s stake and begins to “redeploy state funds locked up in companies”.
Toyota & Cartivator Are Building Flying Cars To Light Up The Olympic Flame Of 2020
Engineers are hoping to get SkyDrive ready for test drive by 2018.
Blackstone & PIF of Saudi Arabia In An Infrastructure Investment Plan Of ‘$40 Billion’
New investment plan to “create well-paying American jobs” besides laying out “stronger long-term economic growth”.
Nasdaq Brings ‘Analytics Hub’ To Provide Enhanced Trading Experience
‘Value-added analytics’ enriches data gathered at Nasdaq.
Earning Statement Confirms SoftBank’s Investment Destination As “Didi Chuxing”
“$5 billion” to go into China’s “ride-hailing firm” coming from the Japanese bank.
WPP Becomes An Investor For ScrollMotion
Supporting the strategic focus, WPP engages with ScrollMotion.
Walmart Is Likely To Invest ‘$50 Million’ In New Data
An attempt has been made by Walmart to target Chinese shopping clients.
SolarCity Collects ‘$305 Million’ To Fund Its Solar Panel Installation
Funds are available for SolarCity to carry on its “solar projects”.
OPEC Oil Production May Not Have A Future
IEA’s Barol warns about the changing energy market trend which could lead to affect the OPEC oil industry.
Cambodia Signs An Agreement With Hungary For Mutual Investment
Hungary and Cambodia to boost their economy through trade confirms an agreement.
