Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay.
Chinese authorities told Hui Ka Yan, the billionaire founder of China Evergrande Group, to use his personal wealth to alleviate the deepening debt crisis of the troubled real estate developer, according to people familiar with the matter. John Liu reports on "Bloomberg Daybreak: Asia."
Fintech is only 1% finished. But what do we mean by that?
Simon Taylor, Head of Ventures at 11:FS takes us through the landscape of financial technology in this Lightboard edition of 11:FS Explores. When you take a look at the customer numbers that financial services brands are serving in any particular segment, it’s apparent that the majority of UK Fintech brands currently operate within areas that have high customer numbers, but low value-per-customer.
For example, areas with high customer numbers such as retail are being served by market-leaders such as Monzo, Starling, and Revolut. Retail is one of the most over-served markets by digital banking providers at the moment - but considering 12 million UK customers have a digital bank and the majority aren’t moving their salary into it, there is still a lot of work to be done, and that shows it. But the biggest edge in recent times is the massive changes to the supplier landscape - from onboarding and KYC, to payments, to Banking as a Service.
Prospective fintech companies now have the chance to assess the opportunity space for their proposition and to get a full view of the suppliers available to them. With such a robust supplier landscape emerging - it means that any company can be a fintech company. The market has blown wide open.
China recorded a steep economic slowdown in the third quarter as its pandemic bounceback fades—and now, Beijing is taking on longer-term issues including household debt and energy consumption. WSJ’s Anna Hirtenstein explains what investors are watching.
Ngozi Okonjo-Iweala, the first African head of the World Trade Organization, tells the FT Africa Summit that she expects global supply chain difficulties to last several months. She tells FT editor Roula Khalaf that the rhetoric about a decoupling of the US and Chinese economies is not matched by reality on the ground, and she blames a lack of global leadership for Covid-19 vaccines not ending up where they are needed most.
A group of almost 300 airlines have committed to "net zero" carbon emissions by 2050 as the aviation sector tries to align itself with the 2015 Paris Accords. But just how are they going to get there? To find out, I’ve been exploring some of the methods the International Air Transport Association has suggested for emissions reduction.
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