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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Efrem Garlando, Community Specialist, International Organizations and Humanitarian Agenda, World Economic Forum A coming change in leadership at the World Bank has put the development bank back into headlines—and has sparked conversation about the institution’s efforts to confront 21st […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer, Forum Agenda Confidence is defined as the belief that you can have faith in, or rely on, something. The opposite – the feeling that something cannot be relied upon – can quickly take hold and spread, […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Yan Xiao, Project Lead, Digital Trade, World Economic Forum Payments are the backbone of global trade and the digital economy, with many innovations coming out of the private sector.However, now central banks are racing to build and define […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bob Wigley, Chair, UK Finance, Rupal Kantaria, Forum Member, Oliver Wyman Gen Z attitudes toward money and finances are sometimes aligned with and sometimes starkly different from those of older generations. Research suggests that Gen Z trusts traditional […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Beal, Partner and Director, Global Lead of Social Impact and Just Transition in Financial Institutions, Boston Consulting Group Climate action can bring unintended social and environmental consequences necessitating a just transition.Banks are positioned to aid the climate […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum Here’s one certainty about banks: there seem to be fewer around these days. Commerzbank nicely captured the existential tenor of the times when it recently updated its catalogue of potential […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael van den Berg, ACT Fund Investment Director, Common Fund for Commodities Transferring money to some hard-to-reach regions can take days. Often several intermediaries are involved – and a small mistake can cause a whole chain of transactions […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content Money isn’t paper and coins any more. It’s increasingly digital – and a growing number of central banks are considering issuing their own digital currencies. Australia is the latest country to trial […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Benedict Carandang, Vice-President, First Circle Growth Finance, Anton Carlos, Head of Customer Success, First Circle With more than 660 Million people living in Southeast Asia, this culturally rich and diverse region is considered as one of the fastest growing […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. Bank of England halts interest rate rises The Bank of England has brought an end to its run of interest rate rises, holding rates steady for the first time since December 2021. […]
This article is brought to you in association with the European Commission. The European Commission has today adopted a proposal to adjust and further strengthen the EU’s existing bank crisis management and deposit insurance (CMDI) framework, with a focus on medium-sized and smaller banks. The EU’s banking sector, which includes a strong crisis management framework, has […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sandra Waliczek, Blockchain and Digital Assets, World Economic Forum Money has taken many forms over the centuries. In fact, it’s not even always been money at all. It gradually evolved from bartered commodities to pieces of metal, before […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Forum Agenda Central banks around the world are facing persistent headwinds and volatility in 2024. That’s according to the World Economic Forum’s January 2024 Chief Economists Outlook, which also pointed to some positives including a moderation […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda 1. Big central banks pause interest rate rises The world’s three major central banks have kept their interest rates unchanged this week. The US Federal Reserve, European Central Bank (ECB) and Bank […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer, Forum Agenda How are you approaching the end of the year and the start of 2024? Are you excited? Full of energy? Or full of trepidation as another 12 months looms into view? Some of […]
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, an amendment to the support measures granted by Poland in the context of the resolution of the Polish Getin Noble Bank S.A. The Commission approved the initial support measures in October 2022 (SA.100687). According […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Central banks’ rate rises threaten economic growth The world’s major central banks are still doubling down on inflation and will continue to hike interest rates, raising the risk of throttling economic […]
This article is brought to you in association with the European Commission. On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group African Development Bank have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa.The European Union’s […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christian Klebot, Head of Debt Mobilisation , European Bank for Reconstruction and Development (EBRD) We hear it at every conference (certainly the ones I go to): Emerging markets desperately need more private investment to close the finance gap […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Investors raise bets central banks pushing global economy into recession Bond investors are increasingly betting on central banks taking policy tightening too far and tipping their economies into recession. Headline inflation […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content “I hate the cold. I can handle being hungry but not being cold. I just hate the thought of people sitting freezing.” Those are the words of Kenneth Gibson, who recently told […]
This article is brought to you in association with the European Commission. The InvestEU Investment Committee approved a new guarantee, bringing the total of operations financed by the Council of Europe Development Bank (CEB) and backed by InvestEU to five. With this, the overall amount of the InvestEU guarantee approved for CEB projects has reached €80 […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. https://open.spotify.com/embed/episode/7aezewV678YXNaGrIx0Dem https://cdn.jwplayer.com/players/ktrTqlj5-ncRE1zO6.html Ajay Banga, the President of the World Bank and member of the World Economic Forum’s Board of Trustees, spoke to Forum Founder and Executive Chairman Klaus Schwab ahead of the Forum’s Annual Meeting 2024. Here are some […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall,Writer, Formative Content 1. US banks brace for recession The biggest US banks are bracing for a worsening economy next year as inflation threatens consumer demand. JPMorgan Chase Chief Executive Jamie Dimon told CNBC that consumers and companies […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda 1. Banking crisis sparks recession fears Recession risks have been re-ignited by the recent banking collapses and rescue deals, and there are now concerns that global growth will weaken as the crisis heralds […]
This article is brought to you in association with the European Commission. The Commission launched today the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund. Producers of renewable hydrogen can bid for support in the form of […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Interest rate rises slow down – but more still to come The US Federal Reserve (Fed), European Central Bank (ECB) and Bank of England all slowed the pace of their interest rate […]
This article is brought to you in association with the European Commission. With initial funding of €6 million in 2024, the EU will help civil protection authorities of EU Member States, EU Civil Protection Mechanism Participating States, and Georgia and Kosovo[1] to bolster their capacity to achieve the Disaster Resilience Goals. Today, the European Commission launches a […]
This article is brought to you in association with the European Commission. The European Commission has informed Deutsche Bank and Rabobankof its preliminary view that they breached EU antitrust rules by colluding to distort competition when trading Euro-denominated Sovereign, SSA (Supra-Sovereign, Foreign Sovereign, Sub-Sovereign/Agency), Covered and Government Guaranteed bonds. The Commission has concerns that between 2005 […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content 1. World Bank warns global economy could tip into recession in 2023 The World Bank slashed its 2023 growth forecasts on 10 January to levels teetering on the brink of recession for many countries […]
This article is brought to you in association with the European Commission. Today, the European Commission and the Council of Europe Development Bank (CEB) have signed an InvestEU guarantee agreement worth up to €159 million. This makes the CEB an InvestEU implementing partner and will mobilise around €500 million in additional loans for social projects. It represents […]
This article is brought to you in association with the European Commission. The European Union has today agreed to exclude key Russian banks from the SWIFT system, the world’s dominant financial messaging system. This measure will stop these banks from conducting their financial transactions worldwide in a fast and efficient manner. Today’s decision has been closely […]
This article is brought to you in association with the European Parliament. Parliament commemorated the 20th anniversary of the circulation of the first euro notes and coins on Monday, at the opening of the plenary session in Strasbourg. Opening the ceremony, EP President Roberta Metsola said that the euro has “truly been one of the greatest […]
