On Monday, in a report, a magazine by the China’s central bank, Fan Yifei, a vice governor of the People’s Bank of China (PBOC) said, China’s financial network as well as its technology supply chain faces a huge risk from… Read More ›
HR & Organization
HSBC targets net zero carbon emissions by 2050, flags $1 trillion towards green financing
In a significant development, Europe’s biggest lender HSBC said, it aims to target net zero carbon emissions across its entire customer base by 2050 at the latest; it will provide financing in the range of $750 billion to $1 trillion… Read More ›
JPMorgan pledges $30 billion to address divide in racial wealth
In a significant development, JPMorgan Chase & Co stated it has decided to commit $30 billion to address racial inequality over the next 5 years. The development marks the largest corporate pledge to bring down racial tensions in the United… Read More ›
WTO Could Soon Have Its First Ever Female Boss
The process of selecting the new director general of the World Trade Organisation (WTO) is now in its final stages. Nigeria’s former finance minister Ngozi Okonjo-Iweala and South Korean trade minister Yoo Myung-hee are the final two candidates who… Read More ›
ING cuts lending to carbon emitting companies, aligns financing with 2015 Paris climate agreement
On Thursday, in a significant development that will see the renewable energy industry receive a financial boost, Dutch lender ING stated, it has taken steps to significantly cut on lending to carbon emitting companies in the power industry over the… Read More ›
Washington likely to impose sanctions on Iran’s financial sector
According to a Republican congressional aide briefed on the matter at hand, the United States plans on imposing fresh sanctions on Iran’s financial industry. The development comes ahead of a key U.S. election. The move is likely to shut out… Read More ›
Argentina becomes the first country to approve GMO wheat
Argentina has approved a strain of drought-resistant GMO wheat, developed by biotechnology firm Bioceres SA, making it the first country in the world to approve of GMO wheat. So far no country has given approved the imports of GMO products;… Read More ›
Global coronavirus could end in July 2020
In a report the Financial Times has stated citing a memo, AstraZeneca could start profiting from its COVID-19 vaccine as early as July 2021; the British drugmaker can thus essentially declare when the global pandemic can essentially end. London listed… Read More ›
Japan to lift travel ban to 12 countries from November 2020
On Thursday, in a report, Japanese newspaper Yomiuri stated, from November 2020, Japan plans on removing the ban on overseas travel 12 countries including China, from where the coronavirus emerged. The 11 other countries and regions include Taiwan, Malaysia, Australia,… Read More ›
Britain to test COVID-19 status of international tourists from November 2020
According to a report from The Guardian, the UK government will set up a global travel taskforce and defer an anticipated plan to introduce COVID-19 testing for international arrivals until November. The setting up of the taskforce came about on… Read More ›
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