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 […]

Banks can achieve net-zero pledge by 2050. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Colas, Partner; Vice-Chairman, Financial Services, Americas, Oliver Wyman Group (MMC) The UN group, Net-Zero Banking Alliance, have pledged to reach net-zero carbon emissions across their lending portfolios by 2050. Banks can influence corporate behaviour by offering loans […]

Meeting the crypto regulatory challenge

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alpen Sheth, Senior Technologist, Mercy Corps Ventures Cryptocurrency adoption has soared during the COVID-19 pandemic, as everyone from private investors and public companies to underbanked individuals realised the benefits of digital currencies. Regulators have struggled to keep up […]

Why green bonds are beating all expectations in the post-pandemic recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Andrea Willige, Senior Writer, Formative Content Green, social and sustainability bonds are growing rapidly in number, with a very strong uptick in the first half of 2021. Growth has surpassed even the most optimistic expectations. Europe leads the […]

Will clean air become a new global currency?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: David Duong, Director, Program in Global Primary Care and Social Change, Harvard Medical School & Neha Rana, Undergraduate Research Fellow, Harvard Medical School & Riya Master, Undergraduate Research Fellow, Harvard Medical School The growing clean air crisis is […]

Market design can help solve global water scarcity. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Paul Milgrom, Professor of Humanities and Sciences, co-founder and Chairman of Auctionomics, Stanford Graduate School of Business & Silvia Console Battilana, Co-founder and Chief Executive Officer of Auctionomics, Stanford University Market design is an economic tool that can […]

How decentralized finance will transform business financial services – especially for SMEs

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rebecca Liao, Co-Founder, SKUChain Decentralized finance (DeFi) is emerging as a tool for smaller businesses in developing markets, particularly for remittances and small loans; The transaction banking industry is beginning to see DeFi’s potential to overhaul the inflexibility […]

Innovative finance tools could protect cities from climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nidhi Upadhyaya, Associate Director, Adrienne Arsht-Rockefeller Foundation Resilience Center, Atlantic Council, Morgan Richmond Senior Analyst, Climate Policy Initiative City residents living in poverty are severely affected by climate change and extremely vulnerable to health risks such as COVID-19. […]

Developed and developing financial markets are more similar than you think. Here’s why

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Daniel J. Barker, Director for Research, Mastercard Center for Inclusive Growth & Carlos Monteverde, Manager, Product Management, Mastercard As the economic divide grows between developed and developing markets, so do the opportunities for learning from one another. While […]

COVID-19 showed the importance of 5G for the economy and the environment

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Börje Ekholm, President and Chief Executive Officer, Ericsson Through COVID-19, connectivity has become an even bigger part of critical infrastructure, helping people in an unprecedented way work, study and socialize online. Looking forward, governments need to do more […]

5 ways the WTO can make investment easier and boost sustainable development

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Matthew Stephenson, Policy and Community Lead, International Trade and Investment, World Economic Forum The WTO is negotiating an international framework to facilitate investment for development. This effort was announced at the World Economic Forum in Davos in January. […]

Why it’s time to take central banks’ digital currencies seriously

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mohit Joshi, President; Head, Financial Services, Insurance, Healthcare and Life Sciences, Infosys Limited & Dixit Joshi, Group Treasurer, Deutsche Bank The introduction of central bank digital currencies could upend the global economic order. This technology could bring multiple […]

Data is the new gold. This is how it can benefit everyone – while harming no one

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Derek O’Halloran, Head of Shaping the Future of Digital Economy and New Value Creation, World Economic Forum & Francisco D’Souza, Co-Founder, Cognizant; Fellow, World Economic Forum Digitalization is yielding vast quantities of data, which offer opportunities for business, […]

To build back better, we must reinvent capitalism. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Bakker, President and CEO, World Business Council for Sustainable Development & John Elkington, Executive Chairman and Co-Founder, Volans The pandemic has brought into focus many of the vulnerabilities in our systems and institutions. But it also offers […]

Remittances could fall by $100 billion because of COVID-19 – here’s why that matters

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Harry Kretchmer, Senior Writer, Formative Content Remittances – the money sent home by individuals to family and friends – are in crisis because of the global economic downturn. It comes after the total value of remittances reached $714 […]

Tips for investor engagement in emerging markets

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Justin Jensen, Project manager, World Economic Forum Investors are looking to grow their portfolios in emerging markets. They must take the time to understand the local business environment, culture, and evolving regulations. Partnering with local investors can be […]

Markets can accelerate the transition to a low-carbon economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mario Greco, Chief Executive Officer, Zurich Insurance Group Prices shape the behaviours of individuals and companies alike. Insurers are incentivizing customers to tackle climate change. A carbon tax would encourage users to put less of it into the […]

Negotiations on Investment Facilitation at the WTO gain support at Davos

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Ministers at Davos announced negotiations between 99 economies on a new international framework on investment facilitation for development at the World Trade Organization (WTO), with the strong support of business and other key stakeholders. The framework is aimed at […]

Questions directors need to ask in the age of stakeholder capitalism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Milton Cheng, Global Chair, Baker McKenzie & Beatriz Pessoa de Araujo, Partner; Head, Corporate Governance, Baker McKenzie & Julia Hayhoe, Chief Strategy Officer; Member of the Global Executive Committee, Baker McKenzie Shareholder capitalism is making way for stakeholder […]

Financing fossil fuels risks a repeat of the 2008 crash. Here’s why

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jennifer Morgan, Executive Director, Greenpeace International To continue financing fossil fuel expansion is today’s equivalent of betting the bank – and the global economy – on subprime mortgage-backed securities over a decade ago; it is fuelling a crisis […]

Is this really it for the gig economy? Read on

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Not so long ago, our fates as future TaskRabbit handymen and Uber drivers seemed to be sealed. We were being told that freelance work in the “gig economy” would reshape careers, and even entire workforces in a way that […]

These countries are leading the way in green finance

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katharine Rooney, Senior Writer, Formative Content What if more money went into financing projects and policies that help the planet? Creating a greener economy requires significant investment, whether that is funding a new network of electric buses, the creation […]

The new crisis is already creeping into the financial system

Unquestionably, everything is wrong in the international financial system, even though the major central banks have actually donated trillions to the banking ‘community’. The US central bank, the Fed, has lent almost free of charge $4.5 trillion to the American banking hub. On this side of the Atlantic Ocean, the European Central Bank has done […]

These are the countries with the highest inflation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content The rate of inflation has a big impact on your financial situation, affecting mortgage payments, savings and the cost of your weekly shopping. How the price of goods and services we regularly spend […]

Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war

Last week’s G20 meeting in Osaka confirmed that the forum’s commonly shared concern about our future on the planet is definitively a thing of the past. Last week, the cacophony at the table of the 20 heads of the largest countries of the world – which first appeared last December in Buenos Aires – became […]

Draghi’s negative interest rates help Eurozone’s cohesion

Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]

The world condemned by neo-liberals to feed trillions to banks: the New Deal exorcised

One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]

An economist explains what happens if there’s another financial crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University & Ross Chainey, Digital Media Specialist, World Economic Forum The financial crisis of 2008 may have started in the US banking sector but it […]