Saturday 24 July 2021

Agility, digital and ESG key to banks’ success, says report

Agility, digital and ESG are key to banks’ success, said professional services firm Accenture in a new report, adding that banking chief financial officers (CFOs) can leverage each to guide the business forward. Banks today face a mixed bag of challenges, but they are using


Ransomware reality is biting businesses, says expert

Ransomware attacks have bitten a gaping hole in the pockets of businesses who are having to pay extortionate ransoms in response to highly targeted attacks by sophisticated criminal organisations, , says Dave Russell, VP, Enterprise Strategy, Veeam.    The


The era of easy fixes is over

The financial sector is slowly waking up to the risk of biodiversity, but risks and opportunities are less understandable than with climate change.   The era of easy fixes is over. The challenges of adopting responsible finance and ESG issues – global, loc


New unicorns spike 491% to 136 in Q2, says report

The number of new global unicorns has spiked 491% between the second-quarter (Q2) of 2020 and Q2 2021 from 23 to a staggering 136, said Finbold, a leading provider of the latest finance news, in a new report. The rate of companies attaining unicorn status in recent months has acc


Global emissions set to surge to all-time high: IEA

With only 2% of governments’ recovery spending going to clean energy transitions, global emissions are set to surge to an all-time high, according to new analysis from the International Energy Agency (IEA). The sums of money, both public and private, being mobilised worldwi


53% of global population ‘to use digital banking in 2026’

Fifty-three per cent of the world’s population will access digital banking services in 2026; reaching over 4.2 billion digital banking users from 2.5 billion in 2021, a report said. The research from  Juniper Research, a provider of research and analytical services to


Opec+ close to a compromise deal: MUFG

The Opec+ agreement will be extended from its current March 2022 expiry to December 2022 and from April 2022, the UAE’s baseline will rise by 15% from 3.17 million barrels per day (b/d) to 3.65 million b/d, said a report, highlighting the progress made to resolve the Opec+ standoff.


Wind power market to top $1.5trn by 2031, says study

The global wind power market will surpass valuation of S$ 1.5 trillion by 2031, according to a new report by Transparency Market Research (TMR), a next-generation market intelligence provider. In terms of revenue, the China and global wind power market is estimated to expand at a


Three challenges to meet transition to remote working

With almost two thirds (62%) of UAE organisations saying they realize the benefits of remote work and can’t go back to the way they used to be , it’s clear that the concept of ‘work’ underwent a major shift due to Covid-19. In the main, this forced change


How AI will shape the accounting function of the future

Dystopian movies tend to paint a picture of a world where computers and robots turn against humans and seek to exterminate or enslave them. More mundanely, it’s easy to find numerous articles on the web predicting that artificial intelligence (AI) will put hundreds of millions of people o

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