What investment is needed to switch to clean fuels, and how will capital expenditure be allocated across the energy supply chain? After leveraging more than 60 of their reports, engaging with industry experts and analysing multiple UBS datasets, a global team of UBS analysts concluded that decarbonizing the energy supply alone could require a cumulative investment of between 120 and 160 trillion dollars between now and 2050.
A number of governments, central banks and even some economists now advocate a switch to all-digital currencies. With the rapid rise of mobile payments, the long-term survival of cash seems precarious.
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries.
More and more governments are aiming to phase out cash, ostensibly to curb tax avoidance and criminal activity, while some countries are making leaps and bounds towards a cashless future without a backwards glance.
22 fintech companies around the world are now worth more than $1bn and bankers are becoming worried about these upstarts, especially since new legislation in Europe may force them to share precious customer data with their fintech rivals.
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