Sustainable finance may once have been a “niche subject”, it is now a key component that will shape the UAE’s economy, the Minister of Economy said today. Speaking just days before the opening of climate summit COP28 in Dubai, Abdullah bin Touq Al Marri said, told the Abu Dhabi Economic Forum, that sustainable finance, once […]
The World Economic Forum, with support from the Government of the United Arab Emirates, along with more than 20 corporate and research partners in the food sector, launched today the First Movers Coalition for Food. The initiative uses the combined procurement power for sustainably produced farming products to speed up the adoption of sustainable farming, […]
Association says statements that imply that all banks charged have already been found guilty of currency manipulation are deeply concerning. The case as presented by the Competition Commission is that 28 international and local banks were referred to the Competition Tribunal because of allegations that some of their currency traders were involved in manipulating rand/dollar […]
Chinese tech giant ByteDance has reportedly invested more than $1 billion to acquire Graphics Processing Units (GPUs) from Nvidia in securing critical infrastructure for cloud service and AI. Another undisclosed company with cloud computing operations has also placed orders valued at least RMB 1 billion. Surprisingly, the purchase of ByteDance alone amounts to almost the […]
The strain placed on transportation networks is one of the most obvious and apparent impacts of high fuel prices. A higher petrol price raises operating expenses for consumers and companies alike, from everyday commutes to commodities transportation. As a result, prices for consumer goods and services typically rise, making it more difficult for residents to […]
China’s central bank on Monday said it will fend off systemic risks to the economy and guide financial institutions to resolve local debt risks, laying out general guidelines for the country’s economic and financial policies. In its third quarter policy implementation report, the central bank said monetary policy would be forceful and targeted, and that […]
Joining the bullish bets on the stock market next year is RBC Capital Markets, which expects the S&P 500 to hit a record high next year. In a note published Wednesday, RBC analysts forecasted the benchmark index to end 2024 at the 5,000 mark, a 10% gain from Tuesday’s close. “While the November rally (which […]
Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management who has for years vocally supported Tesla stock as an investor himself and an advisor, told CNBC Thursday Musk has “already stepped aside” as CEO of the electric car company. Although Musk has not actually stepped down from the role, Gerber said his […]
From 1 December, Discovery Bank clients using physical credit cards – i.e., plastic – will earn a so-called “base rate” of just 1 Discovery Mile for every R100 spent, regardless of the type of account they hold or their Vitality Money status. The changes were announced by the bank in the past week. It says […]
In the heart of Beijing, within the confines of the Colombian Embassy, a crucial conversation unfolded. Colombia’s President Gustavo Petro sat across from representatives of the Chinese firm Harbor Engineering Company Limited, discussing the contours of Bogotá’s future. The topic: the construction of the first line of the Bogotá subway. Source: bnn.network