Jennifer Granholm on the challenges of transition to cleaner energy sources

The US energy secretary tells the FT's US energy editor Derek Brower that the fossil fuel industry must not be left behind as the industry adapts. She explains the action under way to shift power source dependency at a time when there are worries about the risks of Europe spiralling into an energy war

 

Is higher inflation cause for concern? - The Economist

Inflation rates have been rising all over the world, surprising many economists. While the rich world is paying higher prices for durable goods such as cars, in emerging markets soaring food prices are a greater worry. What is causing this unexpected bout of inflation, and will it last? 

 

“TOP READS OF THE WEEK” (for week ending 8 October)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Card critics call for credit routing scrutiny
• Visa Unveils UPC for Blockchain
• Google abandons plans to offer Plex checking accounts
• How Do I Get a Job in Crypto? Postings in Industry on the Rise
• Open Banking is finally here … it’s only taken 30 years!
• Digital bank fined by regulator due to weak anti-money laundering controls
• How AI is transforming the world of finance
• How to be cyber smart
• EC preps antitrust charge over Apple NFC chip access
• Neobank Alternative: Building a Hybrid Digital-First Bank from Scratch
• Your Dev Skills Deserve Recognition, so Hack the Email of Your Boss
• Richer data poised to become the pre-condition for cross-border payments to thrive
• JPMorgan stiffens vaccination policy
• Top global companies falling short in protecting domain security
• Companies Want FASB to Focus on Crypto, ESG-Related Rule Making
• Bitcoin, ‘Green’ Details Are Most-Requested Accounting Fixes
• Why You Should Quit Social Media Permanently
• What would persuade bank holdouts to share customer data?
• Spat erupts over postal banking pilot
• Parents’ Ultimate Guide to Cybersecurity
• BIS GM issues Facebook stablecoin warning
• Why Windows 11's security is such a big deal
• Why CEOs become communication chiefs after a cyberattack
• Companies expect surge in health care costs in 2022

From our Blog

• How to Plan and Implement an Ethics & Compliance Risk Assessment Program
• Tesla Prepares for Wider Release of Its Driver-Assistance Software
• How do carbon markets work? -The Economist
• Visa is working on a universal payment channel
• What China’s New Data Rules Mean for Tesla and Other Auto Makers
• Flags of Convenience - Bribe, Swindle or Steal Podcast
  

Tesla Prepares for Wider Release of Its Driver-Assistance Software

The upgrade to Tesla's Full Self-Driving, or FSD, software will be released to drivers who pass a safety evaluation Tesla is expanding access to the company’s city-driving tool to some customers. In this video, WSJ explains what’s in the new software and the controversy surrounding its limited release. 

 

How do carbon markets work? -The Economist

In theory putting a price on carbon emissions should incentivise businesses to stop polluting. So why have carbon markets failed to achieve their goal of reducing global emissions? Read more here: https://econ.st/3mi51Eo

Visa is working on a universal payment channel

Visa is working on a universal payment channel project that connects blockchain networks to a variety of cryptocurrencies, stablecoins and central bank digital currencies (CBDCs).

The payments giant’s research and product teams are working on a universal payment channel (UPC) initiative, which is a blockchain interoperability hub that connects blockchain networks and allows for transfers of digital assets.

Get the details HERE.

“TOP READS OF THE WEEK” (for week ending 1 October)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• The NSA and CIA Use Ad Blockers Because Online Advertising Is So Dangerous
• Jamie Dimon says 'you're a fool' if you borrow to buy bitcoin, and that he wouldn't care if its price increased 10 times
• U.K. Investment Banks Pay Women 56% of What Male Colleagues Make
• US extradites highly-prized hacker back to Russia
• What Does Bitcoin Mean for the Payment Industry of El Salvador?
• Should Your Web History Impact Your Credit Score? The IMF Thinks So
• Big Tech CEO Insider Trading During the First Half of 2021
• SEC chair Gensler worried ‘people will be hurt’ without crypto and SPAC regulations
• Visualizing the Rise of Cryptocurrency Transactions
• New York Fed researchers design climate stress test for banks
• Lazard associates are now the highest paid on Wall Street after a pay bump raises the base salary to $200,000
• Don't hold your breath for a US CBDC
• AB InBev CFO: 'You can't hide when a pandemic hits'
• Swedish university fined $66,000 for GDPR violations
• Fintech and Banking Software Firm Velmie Launches FX and Cross-Border Transfer Service in Middle East
• 4 Tech-Driven Forces That Could Bulldoze Banks Off the Map
• Mastercard to launch new BNPL service
• Wells Fargo fined $37.3M to settle DOJ foreign-exchange case
• New York Fed researchers design climate stress test for banks
• Bank Mergers Are On Track to Hit Their Highest Level Since the Financial Crisis
• Microsoft warns of new credential-stealing backdoor from SolarWinds threat actor
• In first, Japan names China, Russia and North Korea as cyberattack threats
• WhatsApp to help rural, cooperative banks accelerate digital banking adoption
• How Yahoo Built a Culture of Cybersecurity
• Central banks and the BIS explore what a retail CBDC might look like
• What China’s new data privacy law means for US tech firms

From our Blog

• How to Plan and Implement an Ethics & Compliance Risk Assessment Program
• The Frequency of Payroll Payments at U.S. Small Businesses
• What China’s New Data Rules Mean for Tesla and Other Auto Makers
• Flags of Convenience - Bribe, Swindle or Steal Podcast
• Why China’s Evergrande Has Global Markets on Edge