Category: Finance

“PRI and SSE Initiatives: Shaping Global Investment with $120 Trillion in Assets”

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Global Surge in Sustainable Finance: PRI and SSE Initiatives Paving the Way for Responsible Investment The global finance sector is undergoing a monumental shift towards sustainability, with the Principles for Responsible Investment (PRI) and the Sustainable Stock Exchanges (SSE) Initiative leading the charge. These initiatives have catalyzed an investment movement that prioritizes environmental, social, and […]

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Mekorot reports 14% net income increase to NIS 166m. in Q1-3

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Mekorot, Israel’s national water company, concluded the first three quarters of 2024 with a net profit of approximately NIS 166 million — a 14% increase compared to the same period in 2023, which saw a net profit of NIS 146 million. The company’s total revenues were approximately NIS 4.04 billion for the first three quarters […]

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Vietnamese Property Tycoon Faces Death Sentence Over Reduced $12.3 Billion Embezzlement Bill– A Call for Mercy and Time to Repay

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In a high-profile case that has captured global attention, Truong My Lan, a 68-year-old Vietnamese property magnate, is at the center of a legal and moral dilemma. Convicted of embezzling an astonishing $12.3 billion from the Saigon Commercial Bank, Lan was sentenced to death in April. Her crimes, including bribery of government officials and violating […]

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Vietnamese Property Tycoon Appeals Death Sentence Over $27 Billion Fraud, Vows to Repay Stolen Funds

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Truong My Lan, a 68-year-old property magnate and founder of the Van Thinh Phat Group, has appealed her death sentence for embezzling billions of dollars from the Saigon Commercial Bank (SCB). In a poignant final statement before the court in Ho Chi Minh City on Tuesday, Lan pleaded for mercy, insisting that her primary focus […]

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Charting the Path to Belém: Inclusive Finance Is the Key to Climate Action | Blog

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Intense discussions around climate finance have dominated this year’s COP, but sourcing funding is only one part of the puzzle. Now that there is a new global funding target, it is time to focus squarely on how the money will be disbursed and to whom.   Historically, not nearly enough climate finance has made it […]

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From Protection to Resilience: Rethinking Insurance for All | Blog

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As the global community grapples with the twin crises of poverty alleviation and climate change, the conversation around a “just transition” has become more urgent.  At the core of the challenge lies the fact that climate change does not impact everyone equally. For vulnerable communities, its effects are more severe, often compounding their existing challenges. […]

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Decentralized AI Startups Experience Surge in Funding, Reaching $436 Million in 2024

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As the demand for faster, more secure AI solutions intensifies, decentralized AI startups are becoming a major focus for investors, capturing a rapidly increasing share of venture capital. These startups, which leverage blockchain and cryptography to distribute AI workloads across a decentralized network of computing resources, have seen an impressive surge in funding. According to […]

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Blackstone Joins Forces with EQT in $3.5 Billion Pipeline Investment to Boost Energy Infrastructure

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Blackstone has forged a significant partnership with EQT Corporation, a major player in the natural gas production industry, in a $3.5 billion joint venture to acquire a non-controlling stake in a portfolio of midstream energy assets. This deal marks a major move for Blackstone as it expands its footprint in the energy sector, particularly in […]

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Who Stands to Lose the Most From Northvolt’s Bankruptcy?

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Once hailed as Europe’s flagship battery manufacturer, Northvolt‘s sudden bankruptcy has sent shockwaves through the industry, leaving a trail of financial devastation. The company’s collapse, which saw it file for Chapter 11 bankruptcy protection in the U.S. on Thursday, has raised concerns not only for its investors but also for Europe’s broader ambitions to establish […]

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Ontario Teachers’ Pension Plan Seeks to Sell £3.5 Billion European Airport Portfolio

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The Ontario Teachers’ Pension Plan (OTPP) is negotiating the sale of its stakes in five major European airports, valued at approximately £3.5 billion ($4.4 billion). The portfolio, which includes airports in London, Birmingham, Bristol, Brussels, and Copenhagen, has garnered significant attention from institutional investors as the travel sector continues its post-pandemic recovery. Here’s a detailed […]

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