Saudi Leaders Skip Flagship Event, Highlighting the Urgent Need for Climate Finance As the 28th Conference of the Parties (COP28) in Dubai focuses on the critical issue of climate finance, the United Arab Emirates (UAE) has made a significant commitment to green financing. The UAE, hosting this year’s conference, has pledged $270 billion in green…
The United Arab Emirates pledges $30 billion to a new fund aimed at increasing private sector investments in climate initiatives and improving financing for developing nations. As the COP28 climate summit unfolds in the United Arab Emirates, the host country has made a significant announcement regarding climate finance. UAE President Mohamed bin Zayed al-Nahyan revealed…
Developing countries seek financial support to cope with the costs of climate change and its impacts. Barbados Prime Minister Mia Mottley has proposed the implementation of global taxes on the financial services, oil and gas, and shipping industries to generate hundreds of billions of dollars for poorer countries to adapt and cope with the effects…
Climate finance gap remains wide as emerging markets and developing countries call for increased funding At the ongoing COP28 conference in Dubai, the focus has shifted to the pressing need for climate finance and the disparity between the funds required and those currently available. While the United Arab Emirates (UAE) has pledged $270 billion in…
Calls for Global Tax Overhaul and Increased Funding to Bridge Climate Finance Gap As the United Nations Climate Change Conference (COP28) unfolds in Dubai, the focus has shifted to the crucial issue of climate finance. Developing countries are in dire need of substantial financial support to adapt to the warming world and transition to clean…
The Oklahoma State Board of Education has approved an order requiring the Oklahoma State Department of Education’s finance team to schedule an in-person meeting with Tulsa Public Schools by December 8th. The ongoing financial concerns surrounding Tulsa Public Schools (TPS) have prompted the Oklahoma State Board of Education (OSBE) to take action. In a recent…
A Shift in Generational Norms: Millennials Embrace Open Discussions about Money Courtney Burrell, a 37-year-old financial professional, grew up in a household where money was always part of the conversation. Her parents discussed stock picks, savings, and retirement accounts, instilling in her a strong financial foundation from an early age. Burrell is not alone. According…
Xi Jinping’s visit to Shanghai signals efforts to bolster China’s economy and financial markets Chinese leader Xi Jinping made his first visit to Shanghai in three years, as his government faces mounting challenges in propping up the country’s economy and financial markets. The visit comes at a time when business confidence in China is waning,…
The tech giant strengthens its efforts to protect consumers by expanding its personalized ads policy. In a move to enhance consumer protection, Google has announced that it will implement stricter restrictions on personalized ads related to consumer financial products and services. Starting in February of next year, the updated Personalized ads policy will broaden the…
COP28 advisory panel proposes higher carbon taxes and fossil fuel subsidy cuts as solutions As the world grapples with the urgent need to address climate change, a panel of economists advising the COP28 talks in Dubai has recommended increasing taxes on polluting activities and cutting fossil fuel subsidies. The panel argues that these measures could…
The bankrupt airline, Go First, is exploring litigation finance options to retrieve funds tied up in various lawsuits, including an arbitration award against Pratt & Whitney. With liquidation looming, lenders are considering this alternative to recover a substantial portion of their dues. Go First, formerly known as GoAir, is facing the possibility of liquidation as…
Federal investigators delve into Mayor Adams’ multiple trips to Turkey as part of their ongoing probe. Mayor Adams’ 2021 campaign and its connections to Turkey have become the focus of a federal investigation. As part of their probe, investigators are examining Adams’ travel to Turkey over the years. While Adams has acknowledged traveling to Turkey…
The joint venture, set to launch in 2024, aims to revolutionize transaction banking in collaboration with B2B fintech Tradeshift. HSBC has unveiled the executive team that will lead its forthcoming embedded finance joint venture in the transaction banking sector. The partnership, which will be 75%-owned by HSBC and 25%-owned by B2B fintech Tradeshift, is set…
Developing countries face inadequate funding to tackle climate change Money has become a major obstacle in the fight against climate change, particularly for developing countries that are most vulnerable to its impacts. Insufficient funding is allocated to reducing pollution and implementing measures to adapt to a warming world. As the United Nations climate negotiations begin…
The joint venture, to be launched in the first half of 2024, aims to revolutionize transaction banking in collaboration with B2B fintech Tradeshift. HSBC has revealed the executive team that will lead its new embedded finance joint venture in the transaction banking arena. The venture, set to launch in the first half of 2024, will…
