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World economy 30th November 2021

US President Biden Rejects The Need For Further Confinement This Winter

Biden said the most important factor in combating Omicron is getting vaccinations and booster shots.For its part, the Center for Infectious Diseases (CDC) changed its position on the latter shots on Monday, now recommending that Americans over the age of 18 receive an additional dose of vaccine. However, it will not be for another two weeks before there is a clear picture of the transmissibility and severity of Omicron, and…

World economy 20th November 2021

How Blue Bonds Promise to Boost Latin America’s Economy

Craig Dempesey | The recent issuance of Latin America’s first blue bond could be a major milestone. The region stands to benefit from this nascent financial mechanism aimed at protecting water sources and creating opportunities for populations living near them.Announced during the UN climate summit in Glasgow, the fixed-rate bond issued by the Inter-American Development Bank (IDB) will generate $37 million to help fund projects to increase access to clean water in Latin America.

World economy 18th November 2021

US Infrastructure Law: High-Speed Internet Is As Essential As Water And Electricity

Hernán Galperin (The Conversation) | The Infrastructure Investment and Jobs Act signed into law by President Joe Biden on Nov. 15, 2021, was hailed by the White House and advocates as a historic investment to improve internet access in America. I believe the infrastructure plan should be celebrated as a historic moment for broadband, but not so much because of the money it brings to the table. Rather, it is because of the way the law treats internet access in America.

World economy 12th November 2021

When Bitcoin Capitalises As Much As All The Gold In The World

Pablo Pardo (Washington) | The United States, like practically all countries in the world, is in a situation of uncertainty. Jobs are being created, but less than expected in a recovery that will lead this year and next to the highest GDP growth in three and a half decades. And jobs are being created despite the fact that companies say they are unable to find workers. Because, despite the withdrawal…

World economy 11th November 2021

Three Ways US Congress Could Hold Facebook Accountable For Its Actions

The Conversation | Facebook may have changed its corporate name to Meta Platforms, but that won’t end its troubles – nor efforts to rein in the social media company’s business practices. Lawmakers are pondering new ways to regulate Facebook, whose CEO, Mark Zuckerberg, wrote in 2019 that he welcomed new “rules governing the internet.” With that in mind, we asked three experts on social media, technology policy and global business to offer one specific action the government could take about Meta’s Facebook service.

World economy 7th November 2021

Five Charts Which Explain What Is Going On With Inflation

Simon Keane (Schroders) | “Output gap”, “bottlenecks”, “core inflation”, “base effects”, “second-round effects” “labour participation rate”. These are some of the key industry terms essential to understanding what’s going on with inflation.Soaring job vacancies reflect the strong economic recovery of the world’s major economies, as Covid-19 induced restrictions have been gradually eased. Shortages of materials, energy and transport have also been seen, resulting in backlogs of work across a number of sectors.

World economy 3rd November 2021

Neither The G20 Nor COP26 Make Conceivable Proposals For Credible Decarbonisation

Luis Alcaide | In Rome, at the G20 meeting, the Italian Prime Minister Mario Draghi was confident about the success of the conference: “We put coal behind us”. Nothing of the sort. The headlines in the previous editions of the Hungarian press on 1 November read: “Scarce coal restrictions leave a big gap”. A big difference. The leaders of the 20 major economies of the planet have agreed to “halt…

World economy 3rd November 2021

Investment In Clean Energy To At Least Triple In The Next Decade To Stay On Track To Limit Global Warming

JP Morgan | This week saw the start of COP26 – the 26th Conference of the Parties – where world leaders from nearly 200 countries will review the climate commitments made in the 2015 Paris Agreement. As we discussed in our recent post, What can we expect from COP26 and what will it mean for investors, securing the finance needed for the energy transition will be a key part of…

World economy 28th October 2021

Nestlé, Procter&Gamble, Unilever… More Fuel For Inflation

FMCG companies’ quarterly accounts presentations are clearly on the upside, implying that the current bout of higher than usual inflation rates (in recent years) will be with us for longer than expected. For example, Nestlé reported that it is already passing on higher energy, transport and raw material costs to the end customer, resulting in the Swiss company applying an average price increase of 2.1% to its products in Q3’21….

World economy 25th October 2021

IOSCO and IFRS aim to present their ESG standard prototype at COP26

Fernando Rodríguez | Ahead of the COP26, IOSCO, the international forum which encompasses 95% of global stock market regulators, is collaborating with IFRS, dedicated to developing standards for financial and non-financial information. The two organisations are working flat out to be able to present an ESG standard prototype, and its corresponding recommendations, to financial intermediaries at the conference on climate change to be held in Glasgow, Scotland, October 31-November 12….

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