Economy
Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.
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https://www.pymnts.com/news/banking/2024/keybank-launches-virtual-account-management-solution-for-treasury-clients/
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Pymnts
Cleveland-based financial institution KeyBank has launched a virtual account management solution for treasury management clients. The new Key Virtual Account Management (KeyVAM) solution is designed for clients who have complex demand deposit account (DDA) structures and provides them with instant access to KeyBank commercial cash management bank accounts, KeyBank said in a Tuesday (May press release.
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https://www.textileworld.com/textile-world/knitting-apparel/2023/11/metsa-groups-kuura-textile-fibre-gained-important-recognition-in-sustainability-matters/
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Textileworld
ESPOO, Finland— November 30, 2023 — Kuura textile fibre, which is made from Metsä Group's softwood pulp, received a 'Green Shirt' rating based on the evaluation arranged by not-for-profit environmental organisation Canopy. Their annual Hot Button Ranking is a well-established tool used in the global textile and fashion industries to assess the sustainability of wood-based textile fibres.
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https://winnipeg.citynews.ca/2019/11/06/supreme-court-set-to-hear-uber-case-with-implications-for-gig-economy/e-it-in-urban-planning
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City News
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https://saskatoon.ctvnews.ca/canada-revenue-agency-order-to-seize-saskatchewan-carbon-levy-money-unusual-experts-say-1.6960524
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Saskatoon
Legal experts say the federal government has taken an extraordinary step in trying to take $28 million from Saskatchewan's bank account for not paying carbon levy money, a case that is to be argued in court Friday.
Rory Gillis, an assistant professor at Western University specializing in tax law...
Rory Gillis, an assistant professor at Western University specializing in tax law...
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https://curiousmatic.com/brave-new-wallet-less-world-quite-coming/
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Curiousmatic
FUTURE TIMELINE
COUNTRY FORECASTS
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https://viconsortium.com/vi-exclusive/remote-work-barriers-in-u-s--virgin-islands-prompt-calls-for-new-legislation
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Viconsortium
Nearly six months after Puerto Rico passed legislation intended to incentivize foreign employers into hiring local residents for remote work, two U.Virgin Island residents are advocating for a similar law to be passed in the territory, following challenges they have experienced in finding remote work.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.computerweekly.com/news/366551814/European-fintech-investment-plummets-but-more-sustainable-future-ahead
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Computerweekly
Investment in fintech across Europe fell by 70% in the first six months of this year, with "more pain" expected for the sector as investors take a more disciplined approach. But a more mature and sustainable future lies ahead, finds fintech report. According to a report from Finch Capital, the European fintech market's total investment - including major centres such as the UK, France and Germany - was €4.6bn in the first six months of 2023, compared to €15.3bn in the same period last year.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.taxresearch.org.uk/Blog/2024/06/14/why-do-we-give-small-companies-a-free-tax-ride-in-the-uk/
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Taxresearch
My video this morning notes that HM Revenue & Customs reckons more than 30 per cent of all tax owing by small UK limited companies is not paid. Why are our politicians doing nothing about this - and why are they letting down honest small businesses so badly by not doing so? Why do we give small companies a free tax ride in the UK?
FUTURE TIMELINE
COUNTRY FORECASTS
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https://worldview.stratfor.com/article/facebook-s-cryptocurrency-well-may-already-be-poisoned-libra-blockchain-bitcoin
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Stratfor
The success of the Libra -- and potentially the entire crypto market -- will hinge on its creator's ability to convince regulators that it's more trustworthy than Facebook and more stable than Bitcoin.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.jdsupra.com/legalnews/new-york-pushes-for-new-cybersecurity-5659585/
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Jdsupra
The New York State Department of Financial Services (DFS) has set forth a revised proposed second amendment to 11 NYCRR Part 500, the regulation regarding cybersecurity requirements for financial services companies (the Second Amendment). The requirements affect all "covered entities," which are any persons "operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization under the Banking Law, the Insurance Law or the Financial Services Law." The Second Amendment will become effective once a Notice of Adoption is published in the New York State Registrar, and all covered entities will have anywhere between 30 days to two (years from the effective date to comply.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://cointelegraph.com/news/genesis-winding-down-crypto-trading-services
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Cointelegraph
Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit.According to a Sept. 14 statement from a Genesis spokesperson, the firm will "voluntarily and for business reasons"...
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https://economictimes.indiatimes.com/news/economy/policy/finance-ministry-calls-meeting-with-psbs-to-review-financial-inclusion-schemes-ahead-of-budget/articleshow/111239554.cms
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Economictimes
New Delhi: The finance ministry has called a meeting with heads of state-owned banks and financial institutions on Tuesday to review the progress of the government's flagship financial inclusion schemes such as the Jan Dhan Yojana, Jan Suraksha Yojana, and Mudra Yojana ahead of the budget. The...
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https://www.morningstar.com/news/globe-newswire/9178488/zefiro-methane-appoints-wall-street-banking-veteran-catherine-flax-to-its-board-of-directors
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Morningstar
Previously the Head of Commodity Derivatives (Americas) at BNP Paribas and CEO of Commodities EMEA of J.P. Morgan, Ms. Flax brings a wealth of experience and knowledge to the Zefiro organization. Named the Most Influential Woman in European Investment Banking (2012), Ms. Flax has worked with...
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https://cointelegraph.com/news/atomic-wallet-freezes-two-million
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Cointelegraph
Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in "suspicious deposits" in a joint effort with major crypto exchanges.Announcing the news to Cointelegraph on Oct. 19, Atomic Wallet said that blockchain intelligence firms Chainalysis and Crystal have assisted the wallet firm in...
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https://www.youtube.com/watch?v=Sm1Lda1tMU8&feature=youtu.be
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VICE News
The American tax code is one of the most impenetrable elements of our society. Surprising, considering how it affects your life every single day. On this epi...
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https://www.theblockcrypto.com/daily/27707/how-to-become-a-founding-member-of-the-libra-association
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The Block
Now that the Libra white paper has been published, The Block has outlined how to become a Founding Member and the requirements it entails. Libra will be
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https://www.youtube.com/watch?v=ftD6MLzNOGY
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World Economic Forum
Political change, structural reform and technological innovation are changing the socio-economic context of India. Examine how global challenges, national pr...
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https://readwrite.com/cloud-is-revolutionizing-health-tech-and-fintech/
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Readwrite
During the first phase of the pandemic, many companies were forced to drastically rethink the way they worked. Rapid digital transformation became necessary to survive financially, support evolving consumer needs, and help keep workers connected.
Overcoming the Model of Office and Lab Work With...
Overcoming the Model of Office and Lab Work With...
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https://ambcrypto.com/south-korea-implements-new-crypto-regulations-details-here/
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Ambcrypto
South Korea's new regulations enhance user protection in the cryptocurrency industry. VASPs must keep 80% of user crypto deposits in cold storage. South Korea boasts one of the world's most dynamic cryptocurrency industries, a status it aims to maintain with the recent introduction of new regulations.
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https://seekingalpha.com/article/4702275-ariel-investments-global-q1-2024-commentary?source=feed_all_articles
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Seekingalpha
We Are Developed markets continued their upward trajectory in the first quarter. Investor enthusiasm around artificial intelligence (AI), a recovery in bank lending growth, lower energy costs, a pick-up in global manufacturing activity, recent structural reforms in Japan and the near-term...
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https://mobilesyrup.com/2024/07/05/canada-new-digital-services-tax-ramifications/
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Mobilesyrup
Canada has officially enacted its controversial Digital Services Tax (DST).
Under this legislation, foreign companies that provide digital services to Canadians or sell Canadian data will be subject to a three percent levy on revenue made from Canadians. This will apply to "large businesses" that...
Under this legislation, foreign companies that provide digital services to Canadians or sell Canadian data will be subject to a three percent levy on revenue made from Canadians. This will apply to "large businesses" that...
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https://www.newstrail.com/medical-footwear-market-is-booming-worldwide-drew-shoe-orthofeet-aetrex-worldwide/
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Newstrail
The Latest Released Medical Footwear market study has evaluated the future growth potential of the Global Medical Footwear market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities.