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G7 Urges Tough Libra Regulation, Agrees to Tax Digital Giants
In a summary of the informal G7 talks in Chantilly, north of Paris, the French presidency said the ministers and governors had agreed that “stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns”.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
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Press Release: Ethic Secures $13M in Funding to Accelerate Transition to Sustainable Investing
Investors are increasingly seeking products that enable them to align their portfolios with their unique values. In this regard, pooled investment vehicles, such as mutual funds and exchange-traded funds (ETFs), typically fall short. Ethic addresses this need by enabling the creation of personalized investment portfolios at a very large scale.
- Categories
- Investing
- Tags
- impact investing
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Counterpoint: Critics of ESG Funds Are Wrong — Sustainable Investing Delivers Competitive Returns
Sustainable investing now represents one in four dollars of the $46.6 trillion in U.S. assets under management.
- Categories
- Investing
- Tags
- ESG, impact investing
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Point: ESG — or Socially Responsible — Funds May Soothe Your Conscience but Could Weaken Your Portfolio
I have always been opposed to socially responsible investing — that is, investing with the aim of making a political statement — in the public pension environment.
- Categories
- Investing
- Tags
- ESG, impact investing
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ResponsAbility Investments Backs Women Entrepreneurs in Emerging Markets With $175M
The sum was raised through the issuance of U.S. Dollar dominated-debt securities maturing in 3 years to institutional investors.
- Categories
- Investing
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Melinda Gates Pushes G7 to Close Digital Gender Gap in Africa
G7 finance ministers meeting in France are to endorse a paper from the Gates Foundation saying there is a serious risk that digital technology and mobile banking will bypass millions of women in Africa, leaving them disempowered for a generation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: BBOXX Unveils New Initiative to Help Tackle the Global Clean Cooking Crisis
Mansoor Hamayun, CEO and Co-founder, BBOXX, said: “The BBOXX Cook initiative in Rwanda is an exciting step for us as a next generation utility. We are showing that our model works: the technology that we have used to provide access to clean, reliable and affordable electricity is being expanded to include clean cooking solutions and we have big ambitions to deliver other utilities and products in new markets.”
- Source
- Press Release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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PayPal Fires up “Ripple-Killer” Xoom App for International Payments
The mobile payments app offers next-day money transfers at fees lower than its main payments platform PayPal. According to the website, transfers on Xoom cost around $4 in Europe and $9 to countries further afield.
- Categories
- Finance
- Region
- Europe & Eurasia
