At Davos 2023, IMF’s Georgieva urges monetary authorities to ‘stay put’ despite optimism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Chris Hamill-Stewart, Freelance Editor, World Economic Forum, Gayle Markovitz, Business Editor, World Economic Forum The managing director of the International Monetary Fund (IMF) has urged the international community to stay realistic about the prospects of an economic recovery. At […]

3 ways to accelerate financing for clean hydrogen projects

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jorgen Sandstrom, Head of Energy, Materials, Infrastructure Programme, Industrial Transformation, World Economic Forum, Derek Baraldi, Head of the Banking Industry, World Economic Forum, Noam Boussidan, Manager, Transforming Industrial Ecosystems, World Economic Forum, Manuela Stefania Fulga, Platform Curator, Banking and […]

World Bank warns global economy could tip into recession in 2023 – and other economy stories you need to read this week

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 […]

The complication of concentration in global trade

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Olivia White, Senior Partner, McKinsey & Company, Sven Smit, Senior Partner, McKinsey & Company Ours is an interdependent world. It is connected by global flows of goods, services, capital, people, data and ideas, but over the past three years, […]

How the financial sector can spur the industrial economy’s green transition

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Richard Ming-Hsing Tsai, Chairman, Fubon Financial Holding The Global Carbon Budget 2022 found few signs that carbon emissions are declining and warned that, at current emissions levels, there is a 50% likelihood that global warming would surpass 1.5°C in […]

Emerging markets could hold the key to growth in the face of macroeconomic storms

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Barry O’Byrne, Chief Executive Officer, Global Commercial Banking, HSBC Businesses everywhere are facing a combination of domestic recessions, rising interest rates, high inflation and geopolitical uncertainty. Rarely do so many volatile business conditions descend at once on the world. […]

3 challenges en route to electric vehicle batteries driving the circular economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maya Ben Dror, Industry Manager, Automotive and New Mobility, World Economic Forum Geneva, Abhishek Gupta, Lead, Automotive and New Mobility, World Economic Forum, Patrick Schaufuss, Partner, McKinsey & Company Between 2020 and 2021, electric vehicle (EV) sales increased by […]

What are warm banks, and why are so many opening in the UK?

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 […]

How market-based sustainability standards can help protect the planet

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joshua Wickerham, Engagement Manager, ISEAL Alliance, Pengyu Li, China Specialist, 1t.org China Action/Tropical Forest Alliance, World Economic Forum Beijing Ninety percent of tropical deforestation is linked to agriculture, driven largely by palm oil, timber, beef and soy trade. […]

Inflation affects women more than men. Civil society can help

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bincheng Mao, Global Shaper, New York Hub Across the world, we are facing an acute inflation crisis. In its latest economic outlook report, the IMF forecasts global inflation to increase to a record 8.8 percent in 2022, citing […]

What is government debt – and how is it paid back?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Read, Senior Writer, Formative Content Soaring government debt is a pandemic legacy we are going to be living with for years to come. Countries borrowed heavily as they struggled to keep their economies afloat while tackling COVID-19. […]

How firewood became the latest economic indicator 

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 The president of a country supporting Russia’s invasion of Ukraine, and weaponization of energy no longer being supplied to Europe, recently had himself filmed chopping firewood. “Europeans won’t be […]

3 things governments can do to finance the net-zero transition

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Manuela Stefania Fulga, Platform Curator, Banking and Capital Markets, World Economic Forum, Jianyi Chen, Project Fellow, Financing the Transition to a Net-Zero Future initiative, World Economic Forum “We need a transition at the scale of the industrial revolution […]

What are central bank digital currencies?

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 […]

eToro’s Yoni Assia: How digital finance could bridge the next big wealth gap

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Linda Lacina, Digital Editor, World Economic Forum Could the next big wealth gap be in digital finance?Though cryptocurrency has been hailed as the promise of fairer and more equal financial system, recent research has shown that crypto could […]

What is ‘Phase Down Finance’ and why it’s better than divestment to achieve decarbonization

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emily Tyler, Climate Policy Lead, Meridian Economics & Celeste Renaud, Analyst, Meridian Economics Divestment from emitting assets doesn’t necessarily lead to their closure, leaving a gap in low carbon investment strategies. Phase Down Finance can assist in managing […]

Explainer: Which countries have introduced a carbon tax?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content Carbon-pricing is regarded as one of the most powerful tools to help countries limit CO2 emissions and reach net-zero targets. Denmark has approved a new corporate carbon tax which will become the […]

How is the war in Ukraine impacting the global supply chain?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Beth Stackpole, Freelance writer, MIT Management Sloan School The Russia-Ukraine war is having an outsized impact on the global supply chain, impeding the flow of goods, fueling dramatic cost increases and product shortages, and creating catastrophic food shortages […]

What is hyperinflation and should we be worried?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Helen Nugent, Senior Writer, Formative Content Hyperinflation has been around since the French Revolution. But with high inflation around the world, should we be worried about it in 2022? Inflation is at a 40-year-peak in the US and […]

How investors are overcoming systemic risks and setting the pace for others to follow

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jonathan Cross, Project Fellow, Mercer In 2021, asset owners ranked climate change as the top systemic risk affecting their portfolios and organizations. A study conducted over three years by the World Economic Forum and Mercer shows that pace-setting […]

Earth Day: Four ways to safeguard investments in nature

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Hashendra Wijesinha, Lead, Nature Action Agenda & Xinqing Lu, Community Specialist, Champions for Nature, Nature Action Agenda This Earth Day, it is more imperative than ever that we act on the challenge of climate change. Biodiversity is declining […]

What is land value tax and could it fix the housing crisis?

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 The US was short almost four million homes at the end of 2020, according to estimates. The UK, meanwhile, is also in the middle of a housing crisis. The land value tax […]

What is inflation, and should we worry? An economist explains

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Robin Pomeroy, Digital Editor, World Economic Forum Inflation was low for decades in much of the developed world before COVID. A surge in demand, some problems of supply and soaring energy costs have caused a big jump in […]

How markets can help spur innovation to solve the water crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Paul Milgrom, Nobel laureate 2020, Professor of Humanities and Sciences, co-founder and Chairman of Auctionomics, Stanford Graduate School of Business, Zachary Bogue, Managing partner and co-founder, DCVC, Silvia Console Battilana, Co-founder and Chief Executive Officer of Auctionomics, Stanford […]

This is how the metaverse might be monetized

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Brambilla Hall, Project Lead, Media, Entertainment and Sport, World Economic Forum Geneva, Cathy Li, Head of Media, Entertainment and Sport, Industries, World Economic Forum Experts believe the metaverse will signify the next step in our digital evolution, […]

Rethinking trade’s relationship to the fight against climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mari Elka Pangestu, Managing Director, Development Policy and Partnerships, World Bank Group Cross-border trade and better integrated economies will play a key role in the global fight against climate change. Developing economies need access to supply networks for […]

What’s the best way to tackle COVID and climate change? Anthropology, says the woman who predicted the global financial crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content This is an edited version of an interview with Gillian Tett for the Book Club Podcast. Financial Times journalist and author Gillian Tett discusses her new book, Anthro-Vision: How Anthropology Can Explain […]

Putting capital markets into stakeholder capitalism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Laura M. Cha, Chairman, Hong Kong Exchanges and Clearing (HKEX) Capital markets have a key role to play in building a more equitable and environmentally sustainable economic system. ESG assets under management reached $35 trillion in 2020 and […]

3 lessons for financing forest conservation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School There is a shortfall in the annual expenditure required to preserve the planet’s biodiversity. Without private investment dollars, this deficit is likely to persist indefinitely. Analysing […]

Digital currencies are cutting across borders. Here’s how regulators can catch up

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Ho, Head of Legal, Financial Markets, Standard Chartered Bank, Erin English, Director, Thought Leadership and Policy Research at Visa, Visa, Alejandro Rothamel, Chief Legal Officer, Ripio, Shearin Cao, Executive Director, Group Public and Regulatory Affairs, Standard Chartered […]

What play-to-earn gaming can tell us about the future of the digital economy – and the metaverse

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Brambilla Hall, Project Lead, Media, Entertainment and Sport, World Economic Forum Geneva & Moritz Baier-Lentz, Partner, BITKRAFT Ventures Play-to-earn games could bring digital identity, assets, and ownership into players’ hands as the gaming industry is becoming decentralized. […]

4 key cybersecurity threats to new central bank digital currencies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sebastian Banescu, Senior Research Engineer / Security Auditor, Quantstamp & Ben Borodach, Vice-President, Strategy and Operations, Team8 & Ashley Lannquist, Project Lead, Blockchain and Distributed Ledger Technology, World Economic Forum Central bank digital currencies (CBDC) are increasing in […]

Forget 2050, investors should demand action now on oil and gas

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ben Ratner, Associate Vice President , Environmental Defense Fund & Erin Blanton, Senior Research Scholar, Center on Global Energy Policy, Columbia University Many corporations have committed to net zero by 2050, but the reality is that actions in […]