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Posts from the ‘Economics’ Category

22
Jun

Digitalization is changing banking – These 3 trends will help shape its future — The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Max Chuard, Chief Executive Officer, Temenos COVID-19 is accelerating demands for new banking technologies and cost-cutting efficiencies. Cloud technologies and AI can help banks weather changes brought by COVID-19 and distinguish their offerings in the the long term. […]

Digitalization is changing banking – These 3 trends will help shape its future — The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com
22
May

How we can survive the great COVID lockdown: IMF Chief Economist Gita Gopinath — The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maxwell Hall, Media Lead, Broadcast and Programming, World Economic Forum Speed and scale of job losses is unprecedented. Countries face debt squeeze, action needed to avoid ‘full-blown debt crisis’. Debt relief for poorer countries; ‘solidarity tax’ among possible […]

How we can survive the great COVID lockdown: IMF Chief Economist Gita Gopinath — The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com
5
May

WorldRemit

14
Oct

Nobel Economics Prize Goes to Pioneers in Reducing Poverty

By Jeanna Smialek

Three professors, Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard, were honored.

Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard University won the Nobel Memorial Prize in Economic Sciences.
Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard University won the Nobel Memorial Prize in Economic Sciences.CreditCreditJonathan Nackstrand/Agence France-Presse — Getty Images

Abhijit Banerjee and Esther Duflo of M.I.T. and Michael Kremer of Harvard have devoted more than 20 years of economic research to developing new ways to study — and help — the world’s poor.

On Monday, their experimental approach toward poverty alleviation won them the 2019 Nobel Memorial Prize in Economic Sciences. Dr. Duflo, 46, is both the youngest economics laureate ever and the second woman to be honored.

The three researchers study problems like education deficiencies and child health scientifically. They break issues into smaller questions, search for evidence about which interventions work to resolve them, and seek practical ways to bring those treatments to scale.

“In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research,” the Royal Swedish Academy of Sciences said in a statement.

Source: The new York times 14/10/19

26
Sep

British government signs agreements worth £31 million to support development in Somaliland

The programmes will be delivered in partnership with the Somaliland government to promote long-term stability in the region. Published 11 September 2019 From: British Embassy Mogadishu and DFID Somalia

Head of DFID Somalia, Damon Bristow and Somaliland President, Muse Bihi during the signing ceremony. Looking on is the UK ambassador Ben Fender and Somaliland government officials.
Head of DFID Somalia, Damon Bristow and Somaliland President, Muse Bihi during the signing ceremony. Looking on is the UK ambassador Ben Fender and Somaliland government officials.

The UK yesterday signed an agreement with the government of Somaliland and Denmark to support the implementation of Phase II of the Somaliland Development Fund (SDF2) programme, which aims to improve lives of local people through the delivery of essential public services.

SDF2 (£25 million, 2018 to 2022), will be delivered in partnership with the Somaliland government to promote long-term stability in the region. It will include building of critical infrastructure, such as roads, water systems and agricultural facilities, and will also help build capacity within Somaliland’s institutions. The new programme which is aligned to Somaliland’s National Development Plan II (NDPII) will build on the achievements of the original SDF (2013 to 2018) programme.

The UK and Somaliland also signed a renewed Memorandum of Understanding to support the implementation of the Energy Security and Resource Efficiency in Somaliland (ESRES) Programme that aims to provide a clean, affordable renewable energy boost in Somaliland.

The agreements were signed by President Bihi and Damon Bristow, the Head of Office for the UK’s Department of International Development (DFID) in Somalia. Also present at the signing ceremony was the British Ambassador, Ben Fender, and the Head of the British Office in Hargeisa, Stuart Brown.

Speaking after the signing ceremony at the Presidential Palace in Hargeisa, Damon said:

The UK is committed to supporting the people of Somaliland. We recognise the efforts being made to improve institutions and to provide access to basic services for local people.

SDF 2 will ensure that ordinary people across Somaliland will benefit from improved services by supporting the growth of Somaliland’s economy.

ESRES will address the high costs of electricity in Somaliland and help promote green growth and poverty reduction by increasing access to more affordable and reliable renewable energy services.

While in Hargeisa, Damon visited the Hargeisa Water Agency which SDF is supporting to supply clean water to the people of Hargeisa. He also visited the Somaliland Roads Development Authority (RDA) to discuss the UK’s investment in roads and supporting the RDA’s capacity to deliver on quality and safeguarding standards.

Further information

  • The Somaliland Development Fund (SDF) provides a single vehicle through which donors can support Somaliland’s development goals, supporting projects that are fully aligned to the National Development Plan.
  • The UK-funded Energy Security and Resource Efficiency in Somaliland (ESRES) programme has supported the installation of Six hybrid mini-grids providing clean energy and lowering energy prices in sites across Somaliland
16
Jan

Is your business model fit for the Fourth Industrial Revolution?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Torrance, Venture Partner, Factor10 & Felix Staeritz, Founding Partner and CEO, Factor10 As the Fourth Industrial Revolution becomes ever more pervasive, we have good and bad news for leaders of incumbent businesses in all sectors and all geographies. […]

via Is your business model fit for the Fourth Industrial Revolution? — The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com

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