The 2021 second quarter economic growth for Singapore was the strongest in 11 years as the economy the city state rebounded from its worst economic downturn last year because of the Covid-19 pandemic hit. There was a 14.3 per cent… Read More ›
Economy & Finance
WTO Hopes To Strike Global Fishing Deal After 20 Years Of Negotiations
The issue of overfishing, which the World Trade Organization has been trying to tackle for 20 years now, is expected to be tackled by the global trade dispute redress body and in turn will also be able to clear doubts… Read More ›
Joby Aviation, Signature Flight Support and JetBlue Airways Corp team up to develop aviation carbon credits
In a statement electric air taxi startup Joby Aviation, Signature Flight Support and JetBlue Airways Corp said, they are partnering to develop aviation carbon credits for using electric and hydrogen propulsion technologies. The move, aligned with the U.S. aviation industry’s… Read More ›
Britain to ban new petrol and diesel heavy goods vehicles from 2035
Britain plans on banning the sale of new petrol and diesel heavy good vehicles from 2040 as part of a broader move towards achieving net zero emissions from all forms of transports. British Prime Minister Boris Johnson’s government is seeking… Read More ›
China to launch national carbon emission trading scheme on July 16
On Wednesday, two people with knowledge of the matter at hand said, China plans on hosting a launching ceremony for its national carbon emission trading scheme (ETS) on July 16. The ETS will involve some 2,225 power plants across China,… Read More ›
More High Profile Firms Expected To Go Public In Second Half Of 2021
A number of anticipated and high-profile companies went public at the stock exchange during the first half of 2021 and included names such as Coinbase, Bumble, Oatly, SoFi and Roblox. And analysts expect even more buzzy unicorns to get listed… Read More ›
Spain invests $5.11 billion towards manufacturing of electric vehicles
According to a presentation by the Spanish government, Madrid is set to invest $5.11 billion (4.3 billion euros) in the production of electric vehicles as part of a major national spending program financed mostly by European Union recovery funds. The… Read More ›
UK based equity funds sees $8.6 billion inflows
On Tuesday, in a statement fund network Calastone said, UK-based equity funds recorded inflows totaling to $8.6 billion (6.2 billion pounds) during the second quarter. Incidentally, funds focused on environmental, social and governance (ESG) issues have grossed 50% of net… Read More ›
Deal To Tax Multinational Companies Endorsed By G20 Finance Ministers
A plan to force multinational companies to cough up their “fair share” of taxes in countries all around the world was endorsed by the finance ministers of G20 countries. This plan which is aimed at preventing large multinationals to avoid… Read More ›
Market hasn’t factored longterm climate risks: Invesco survey
According to the results of a survey by Invesco, nearly a third of sovereign wealth funds and central banks have raised their focus on environmental, social and governance issues over the past year with the coronavirus-induced COVID-19 pandemic highlighting issues… Read More ›
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