Space Finance – Universo Viviente http://universoviviente.com/ Tue, 22 Nov 2022 04:04:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://universoviviente.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Space Finance – Universo Viviente http://universoviviente.com/ 32 32 Citi Singapore and NUS Business School revamp Transaction Banking course to mark 10 years of collaboration https://universoviviente.com/citi-singapore-and-nus-business-school-revamp-transaction-banking-course-to-mark-10-years-of-collaboration/ Tue, 22 Nov 2022 01:30:31 +0000 https://universoviviente.com/citi-singapore-and-nus-business-school-revamp-transaction-banking-course-to-mark-10-years-of-collaboration/

SINGAPORE, November 22, 2022 /PRNewswire/ — To meet the needs of the future economy, Citi Singapore’s Treasury and Trade Solutions (TTS) and National University of Singapore (NUS) Business School today announced the revamp of its 13-week Transaction Banking course from January 2023.

Citi Logo (PRNewsfoto/Citi)

Deven Somayaresponsible for the TTS for Singapore and ASEAN (Acting), said: “The world of payments is moving towards a real-time era, even in the cross-border space. Coupled with the evolution of emerging technologies and digital assets, which is pushing companies to rethink their payments and the collections ecosystem and the growing importance of sustainable finance solutions, we believe it is timely to rethink the course on the back of these enduring disruptive trends that are shaping the future economy. With the skills learned in this course , we are confident that students will walk better equipped to thrive in the financial sector when they start working.”

The revamped elective module teaches undergraduate students advanced topics on payments, cash management and trading. It covers contemporary content such as the changing landscape of transaction banking; the impact of emerging technologies and digital assets on payments and liquidity; and how environmental, social and governance (ESG) considerations and digitalization impact trade finance.

The Citi-NUS Business School Transaction Banking course was introduced in January 2013 to meet the demand for transaction bankers Singapore. It was during this time that global multinationals and Asian corporations increasingly established their regional headquarters in the country and strengthened their presence in the region. To date, over 1,000 students have taken the course, with an average of 50 students per semester.

Ted TeoAdjunct Assistant Professor at NUS Business School, said: “The Transaction Banking module provides students with fundamental knowledge of international payment systems, the latest developments in global payment infrastructure and their interaction with the fintech ecosystem. Students learn how business and finance services mitigate risk and free up working capital in global trades. With this foundational knowledge, students will be able to appreciate the complexity of managing liquidity and risk in treasury The partnership with Citi TTS is invaluable in keeping the module up to date with the latest transaction banking trends, technologies and solutions.”

Vanessa Tanwho took the Transaction Banking course as an undergraduate student at NUS and joined Citi TTS in 2020 as a Management Analyst, said, “The TTS-NUS Transaction Banking course gave me provided an in-depth understanding of the objectives of corporate cash management and the value of Beyond the conventional tools available to corporate treasurers, the course also introduced us to new era themes and demonstrated how fintech and digital innovations have emerged over the years to fill market gaps in the transaction banking space.the course, along with the valuable insights shared by the guest speakers, prepared me for my role as a TTS Analyst and allowed me to navigate the ever-changing landscape of my career.”

The Banking Transaction Module is an elective course held every semester at NUS Business School and aimed at penultimate and final year undergraduate students. Students are graded on their class participation, test performance, and the quality of their group projects. The elective gives students insight into the transaction banking profession and prepares them for an internship or career in transaction banking, corporate banking, commercial banking, and the fintech industry.

About Citi Treasury and Commerce Solutions

Citi Treasury and Trade Solutions (TTS) enables our clients’ success by providing an integrated suite of innovative and customized treasury management and trade finance services to multinational corporations, financial institutions and public sector organizations around the world. Built on the foundation of the industry’s largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry’s most comprehensive range of digital treasury, trade and liquidity management solutions.

About Citi

Citi is a premier banking partner for institutions with cross-border needs, a global leader in wealth management, and a popular personal bank in its home market of United States. Citi does business in more than 160 countries and jurisdictions, providing businesses, governments, investors, institutions and individuals with a wide range of financial products and services.

Additional information can be found at www.citigroup.com | Twitter: @Citi | Youtube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About national university of singapore (NEW)

The national university of singapore (NUS) is that of Singapore flagship university, which offers a holistic approach to education, research and entrepreneurship, with an emphasis on Asian perspectives and expertise. We have 16 colleges, faculties and schools spread over three campuses in Singapore, with more than 40,000 students from 100 countries who enrich our vibrant and diverse university community. We have also implemented our NUS Overseas Colleges program in over 15 cities around the world.

Our multidisciplinary and hands-on approach to education, research and entrepreneurship enables us to work closely with industry, government and academia to solve critical and complex issues related to Asia and the world. Researchers in our faculties, centers of research excellence, corporate laboratories and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; disease treatment and prevention; active aging; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.

For more information about NUS, please visit www.nus.edu.sg.

About NUS Business School

The national university of singapore (NUS) Business School is known for providing thought leadership in management from an Asian perspective, enabling its students and business partners to leverage global knowledge and Asian perspectives.

The school has consistently received top rankings in the Asia Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit and QS Top MBA, in recognition of the quality of its programs, the research of its professors and its graduates.

The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards in business education. The school is also a member of the Graduate Management Admission Council (GMAC), the Executive MBA Council, the Partnership in Management (PIM) and CEMS (Community of European Management Schools).

For more information, please visit bschool.nus.edu.sgor go to BIZ Beat portal that presents the School’s research.

Appendix – Pictures

SOURCE Citi

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Meet the Projection Activist Who Just Trolled Elon Musk on Twitter Headquarters https://universoviviente.com/meet-the-projection-activist-who-just-trolled-elon-musk-on-twitter-headquarters/ Sat, 19 Nov 2022 02:53:58 +0000 https://universoviviente.com/meet-the-projection-activist-who-just-trolled-elon-musk-on-twitter-headquarters/

The messages, in simple white text, flashed on the walls of Twitter’s headquarters in San Francisco on Thursday evening.

“Musk’s Hellscape.”

“Going into bankruptcy.

“Worthless billionaire.”

Other messages called Elon Musk, who closed his Purchase of Twitter for $44 billion at the end of last month, a “Space Karen” and an “anarchic oligarch”. Another quoted a former Twitter engineer who quit and called on others to protest“If your personal circumstances permit, it is your moral duty to disobey. To strike. To protest.”

Like a mass exodus Twitter employees who rejected the “hardcore“The ultimatum was happening inside the building, the messages continued to be broadcast from a projector mounted on a tripod set up across the street. Crowds began to gather outside and the projections started going viral online.

The projections were the work of Alan Marling, a Bay Area activist who declined to give his age or comment on his profession. He stood nearby – donning a Captain America face mask and a sunrise movement beanie – as passers-by, many of them technicians coming off work from nearby offices, stopped to take videos and photos.

A man, out of breath, approached Marling and said he had run away from his home to catch a glimpse of the public display after seeing videos of the messages posted on social media.

After about an hour of screening the messages, Marling packed up his gear and headed home. As Twitter’s fate grew increasingly bleak on Friday, Marling told The Times why he protested the tech giant and its controversial new owner.

Was this the first time you projected your work on Twitter?

I projected on Twitter before and started there in 2017. I wanted the company to enforce its hate speech policies and stop amplifying its Donald Trump tweets. Twitter really gave him a platform and they amplified his hate speech. They gave him a way to spread his white supremacist conspiracy theories, dating back to his birther movement tweets.

Were you happy when Twitter banned Trump from its platform?

I would have argued that they should have done it five years ago. I’m not going to thank them for doing it so late.

Why did you show up to screen more messages on Thursday?

Over the past few months, as I started to pay more attention to it, it became clear that Elon Musk is a white supremacist himself.

In this case, I was particularly concerned that Elon Musk went above and below other companies in firing his human rights staffhis diversity and inclusion staff and many moderators.

I wanted to speak out against that and also his claim that he wanted to make Twitter a space for free speech. It’s not genuine because it’s a private company looking to profit from it freedom of speech.

We were considering screening next week, but were concerned that Twitter might declare bankruptcy by then.

Have you protested in other movements in the past?

I protested against the war in Iraq. But in 2017, I realized that the scale of extremism on social media was a problem in the United States. Social networks are pushing our society to become extreme because of how their algorithms work.

And why use a projector this time? Is it difficult to set it up?

I wanted a new way to protest. It is a non-violent, silent protest that allows people to interact with it as much or as little as they wish.

The difficulty of the projection is to feed it. I was dragging a lead acid battery that weighed 50 pounds in a suitcase. The suitcase was breaking and spilling acid everywhere. Now I use lithium batteries, but they tend to melt. But it doesn’t explode like Tesla batteries.

It is difficult to manage. That’s why you don’t see a lot of projection activists.

How do people normally interact with your work?

Some people just walk on the past. But some people respond positively to it. When I’m projecting, I’m trying to project something they’re thinking about but haven’t put into words yet. When I get there, I hear “good job”, “great job” and I get a thumbs up. The most common interaction is simply taking a photo.

Even if Twitter collapses, would you still return to its building to continue protesting?

I would be tempted, yes.

Whether Twitter implodes or not, we should on the whole be holding tech companies accountable for what they post and what they broadcast to the world. Specifically, extremism is getting the most engagement on Twitter and elsewhere, and they will continue to amplify it, even above truth and democracy, even above the interest of their own country, until we make it unprofitable for them.

This story originally appeared in Los Angeles Times.

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COP27 summit: New Zealand businesses stay tuned for ‘big fat’ talks and climate finance plans https://universoviviente.com/cop27-summit-new-zealand-businesses-stay-tuned-for-big-fat-talks-and-climate-finance-plans/ Wed, 16 Nov 2022 19:40:38 +0000 https://universoviviente.com/cop27-summit-new-zealand-businesses-stay-tuned-for-big-fat-talks-and-climate-finance-plans/

The business community can be more nimble in its operation than the big political machines, says a New Zealand participant at COP27.
Photo: MOHAMMED ABED/AFP

New Zealand businessmen are among tens of thousands of people who have converged on Egypt for the annual UN climate conference.

They are looking for information, contacts and transactions.

With the Paris regulations finally set in place last year, eyes are on the private sector to take care of reducing emissions.

Toitū Envirocare Technical General Manager Belinda Mathers found her first time at COP overwhelming.

“It’s a huge place, there’s a lot going on.

“I tried to…make sure I don’t get lost, and I don’t spend so much time wandering around trying to figure out what the interesting things are that I miss doing the interesting things.”

Toitū Envirocare provides tools to measure and reduce corporate carbon emissions. Mathers is here to network and keep up to date with international best practices.

Although there is a lot of action in the trading rooms, people see the side events as the main attraction.

“And in fact, in some cases the business community is driving things because the business community can be more nimble in the way it works than the big political machines,” Mathers said.

An important lesson it would teach Aotearoa customers was the need to reduce emissions throughout the value and supply chain: raw materials and upstream and downstream suppliers.

She said another was not letting perfection be the enemy of good.

“We’re not going to make it perfect in the time we have, we have to do our best and be willing to experiment and be willing to maybe make mistakes, but learn quickly from that and then get it very quickly. after that.”

Chief executive of emissions offset firm CarbonClick, Dave Rouse, said a COP attraction was an opportunity to observe discussions on some major issues first-hand.

“I was able to witness some pretty cranky conversations.

“And that’s where you really find out… what the agendas, or the hidden agendas, are behind the nations.

“And you can start putting two and two together and see who’s been colluding, or in cahoots, trying to block something.”

Rouse said it was crucial to know where climate policy was headed, so she could get the best financial return and impact from her efforts.

“For example, if the Middle East comes up with a policy and says, ‘Hey, we’re going to have to do X, Y and Z’, then we would know that when the prince in Saudi Arabia says something needs to be done, then it happens. produced really quickly.

“That means we have the opportunity to step in and say, ‘well, we can connect you to all these offset projects in developing countries,’ we can make it easier for companies to get involved, and we can accelerate this. process.”

A view of the 2022 United Nations Climate Change Conference, better known as COP27, at the Sharm el-Sheikh International Convention Center in Egypt's Red Sea resort of Sharm el-Sheikh.


Photo: MOHAMED ABDEL HAMID/AFP

Karl Upston-Hooper, climate impact fund manager, general counsel for Camco Clean Energy, is a regular at the COP, having attended every year since 2006.

“Why are we going there? Because the entire climate finance space rests on the foundations of the UNFCCC [United Nations Framework Convention on Climate Change] process, although it is often perhaps an inscrutable language and process for non-aficionados.”

At this COP, he is looking for progress on how climate finance will be deployed, with the money available from the private sector far eclipsing the $100 billion pledged by rich countries, which is always arguing.

“Projects are risky, especially in developing countries. So … public finances are better placed to support some of the riskier part of the capital stack.

“And then private funding can fill most of the money needed.”

COP27 lasts the rest of the week and could last until the weekend if the talks break down.

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COINEX IS PLEASED TO CELEBRATE THE RLWC2021 FINALISTS https://universoviviente.com/coinex-is-pleased-to-celebrate-the-rlwc2021-finalists/ Mon, 14 Nov 2022 07:26:41 +0000 https://universoviviente.com/coinex-is-pleased-to-celebrate-the-rlwc2021-finalists/

Shenzhen, China, November 14, 2022 /CNW/ — As an Exclusive cryptocurrency Partner of the Rugby League World Cup 2021 (RLWC2021) trading platform, CoinEx looks forward to joining audiences around the world to cheer on players who will reach the men’s, women’s and wheelchair finals, which will take place at Manchester on November 18-19, 2022.

CoinEx Can’t Wait To Celebrate RLWC2021 Finalists

It is the first time in history that all three tournaments have been held simultaneously, making RLWC2021 the most groundbreaking Rugby League World Cup ever.

After more than a month of fierce competition, more than 600 athletes competing in the three tournaments delivered their best performances, breaking records along the way.

Every athlete from the 32 competing teams fought hard for every scoring opportunity, and as an official partner of RLWC2021, CoinEx applauds their efforts.

RLWC2021 saw real examples of individuals striving for perfection, and it echoes the CoinEx brand values. Similarly, CoinEx strives to “Make Crypto Trading Easier” and create products with the utmost ease of use, which also reflects the exchange’s commitment to making blockchain finance accessible to everyone.

As a world famous company crypto Exchange, CoinEx chose a different path and decided to ensure “ease of use” in product development. It strives to provide users with crypto products, as well as pleasant, practical crypto business experiences. The exchange aims to help retail investors trade cryptos effortlessly so more users can complete each crypto easy transaction. As a gateway for global users to the crypto world, CoinEx will break the long held stereotype that the crypto the industry is inaccessible to the public.

CoinEx now offers easy to use, secure and reliable solutions crypto trading products and services available in 16 languages, covering spot, futures, margin trading, financial services, AMM and CoinEx Dock, to over 3 million users in over 200 countries and regions.

In recent years, there have been more and more collaborations between sporting events and crypto space. As an official sponsor of RLWC 2021, CoinEx will continue to promote crypto adoption in rugby league and other sporting events. The exchange will encourage all athletes who continue to set new records and strive for perfection, applaud every effort and witness every moment of transcendence.

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SOURCECoinEx Global Limited

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“I will stick to the forecast of double-digit growth in gold lending” https://universoviviente.com/i-will-stick-to-the-forecast-of-double-digit-growth-in-gold-lending/ Fri, 11 Nov 2022 19:15:00 +0000 https://universoviviente.com/i-will-stick-to-the-forecast-of-double-digit-growth-in-gold-lending/

Muthoot Finance, the main borrower of gold, which saw moderate loan growth in the second quarter, believes that the migration to higher interest rate loans from lower interest rate teaser loans will begin to contribute to an increase in returns in the following quarters. George Alexander Muthoot, MD, told Sajan C Kumar that the company will be able to stick to earlier forecasts of double-digit growth in gold loans for FY23. Excerpts:

Reasons for the drop in profits in the second quarter despite the increase in assets under management?

Although net profit fell to Rs 867 crore from Rs 994 crore, it was up 8% on a quarterly basis from Rs 802 crore. The reason for lower earnings in the second quarter was that we had a lower interest rate (call rate) program running in the prior year period. Although we have discontinued this program and moved to a higher interest rate regime, the full effect of this will be felt in the coming quarters. Going forward, you can see earnings increase, and that’s precisely why we saw a sequential increase in earnings in the second quarter.

Read also : Emami Q2 net down 2.76% to Rs 180 cr

Given the second quarter’s performance, do you foresee any difficulty meeting the gold loan growth target of double digits for FY23?

We still have two quarters left and we hope we can do it. We are doing our best and we are not changing our directions. We have permission to open 150 branches this fiscal year. During the September quarter, we opened 24 branches. Digital initiatives are also on the rise, which will build momentum.

How do you see competition from banks in the area of ​​gold lending?

Previously, banks were not in favor of lending on gold. Over the past two years, they have actively marketed the product, as many of their other loan portfolios were not doing well. Due to the widespread nature of banks, their presence is going to have a significant impact on the gold lending market. As a result, new customers have turned to banks, which has competed with companies like ours and is also one of the reasons why growth has not been in line with expectations. But then, because of the quality of our service and our speed of execution and probably because of brand loyalty, we get customers.

What is your response to the perception that a return to a high interest rate regime could harm the growth prospectus?

It is not the case that if you lower the interest rate you will get all the business. It is based on the business convenience of customers, which we have developed over decades. It’s a temporary phenomenon that some new customers have turned to banks, things will come back and that’s why we expect good loan growth over the next few quarters. Even when not, we have seen good client acquisition as our terms are normally very short, around three to four months. Most clients close their loans in three or four months and we need to find new clients.

Do you foresee pressure on margins due to competition? What about your financing cost?

It is not a pressure on the margins. We have consciously reduced our yields and that is why our margins have fallen. As a result, we saw a decline in profits. Now that we have stopped low interest loans, we will be able to make higher profits. We can easily get good financing from banks as we are the highest rated gold lending company. Today, our capital adequacy is over 25% and the cost of borrowing for us is lower than others.

How is the non-gold business doing for you?

We carry out a real estate loan activity that we are going to develop. Now that the issues related to Covid are behind us, we will give more weight to home loans, personal loans and car loans. All these non-gold activities currently contribute around 10% to the group’s total activity. The proportion of non-gold activities could reach 15 to 20% over the next five years.

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Bankman-Fried bows to Binance Rescue as FTX buckles https://universoviviente.com/bankman-fried-bows-to-binance-rescue-as-ftx-buckles/ Tue, 08 Nov 2022 23:15:00 +0000 https://universoviviente.com/bankman-fried-bows-to-binance-rescue-as-ftx-buckles/

Billionaire Changpeng “CZ” Zhao became the undisputed king of the crypto world on Tuesday, shocking the industry with a move to take control of FTX.com, the struggling company run by its chief rival and former follower, Sam Bankman-Fried.

Binance Holdings’ letter of intent to acquire Zhao came after a bitter feud between the two men boiled over, with Zhao actively undermining confidence in FTX’s finances and helping spark an exodus of users from the three-year-old FTX.com exchange. A day before accepting Binance’s deal, Bankman-Fried said on Twitter that assets on FTX were “good.” On Tuesday, he had changed his voicemail.

Such moves would be banned on Wall Street but are not uncommon in this restless corner of finance, which remains largely unregulated roughly a decade after its founding. Ironically, it was Bankman-Fried who was pushing for greater regulation, which Zhao largely opposed.

“I’m sorry that I haven’t done better and I will do what I can to protect clients’ assets and your investment,” Bankman-Fried wrote in a letter to investors. “Wish I had more details for you guys right now; I don’t know yet,” the letter read.

FTX’s Sam Bankman-Fried

Photographer: Jeenah Moon/Bloomberg

After initially rising on the news, cryptocurrency prices have plummeted as deal terms are scarce and uncertainty swirls over whether it will even happen. Binance said the deal came after “a significant liquidity crisis” occurred on FTX and the company asked for its help. The takeover is a surprising twist for FTX, whose 30-year-old founder had emerged in recent years as the prime-ready face of crypto and amassed a fortune approaching $20 billion.

The acquisition — which does not involve FTX.US, a separate exchange also founded by Bankman-Fried — will reshape the $1 trillion-plus industry that is already facing a prolonged market downturn. Both founders made the announcement on Twitter simultaneously. “To protect users, we have signed a non-binding letter of intent, intending to fully acquire FTX.com and help cover the liquidity crisis,” Zhao said in a tweet.

Changpeng Zhao

Photographer: Nathan Laine/Bloomberg

FTX was hit by about $6 billion in withdrawals in the 72 hours to Tuesday morning, Reuters reported, citing a message sent to staff by Bankman-Fried.

“Our teams are working to clear the backlog of withdrawals,” Bankman-Fried said on Twitter. “It will eliminate liquidity problems; all assets will be hedged 1:1. This is one of the main reasons we asked Binance to come.

It’s a quick improvement for Bankman-Fried, who’s no stranger to bare-knuckle feats in his role as founder of Alameda Research, the crypto trading firm whose fate hasn’t been mentioned in tweets. announcing the bailout. The former Jane Street trader made no apologies for Alameda’s desire to take profit opportunities in the Wild West crypto space, framing it as part of a long-term plan to give billions to charity.

FTX.com was valued as recently as January at $32 billion in a funding round investors such as Temasek, Paradigm, Ontario Teachers’ Pension Plan Board and SoftBank Vision Fund 2.

Bitcoin oscillated between gains and losses, falling below $19,000 for the first time since October 21. BNB, the native blockchain token Binance, followed suit and fell around 5% after initially surging 15%.

For the broader crypto industry, the demise of FTX is another example of a once-powerful player being grounded when a crisis of confidence forced a run on its assets. Like others before him, including lenders Celsius Networks and hedge fund Three Arrows Capital, reserves proved insufficient when market sentiment turned against him, even though top executives said all was well. .

The tension between Bankman-Fried and Zhao has been simmering almost from the start. In 2019, Binance invested in FTX, then a derivatives exchange. The following year, Binance launched its own crypto derivatives, quickly becoming the leader in this space.

Tensions rose as the two companies were increasingly viewed as different by regulators. Bankman-Fried was testifying in Congress, while Binance faced regulatory investigations around the world and pointed out that it is not headquartered anywhere.

The two companies also fought over assets, with both bidding for Voyager Digital’s assets. FTX won the Voyager auction.

WATCH: Crypto exchange Binance buys rival FTX.com, on undisclosed terms.

Source: Bloomberg

The drama came to a head on Sunday, when Zhao announced that he would sell all his holdings of FTT, the native token of the FTX exchange, worth $529 million at the time due to “recent revelations that have been revealed”. The tweet followed a story from CoinDesk saying that Alameda Research, a trading house owned by Bankman-Fried, had much of its assets in FTT token. FTT fell more than 70% to around $6, according to prices on CoinMarketCap.

Binance is by far the largest crypto exchange, with a trading volume of around $40 billion to date. FTX is second in spot trading, with a volume of around $4 billion, according to data from CoinMarketCap. CoinMarketCap is owned by Binance.

(Adds quote from Bankman-Fried letter to investors.)

To contact the reporters on this story:
Yueqi Yang in New York at yyang492@bloomberg.net;
Olga Kharif in Portland at okharif@bloomberg.net

To contact the editors responsible for this story:
Sally Bakewell to sbakewell1@bloomberg.net;
stacy-marie ismael to sishmael@bloomberg.net

Dave Liedtka, Beth Williams

© 2022 Bloomberg LP All rights reserved. Used with permission.

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COP27: There is no climate justice without climate finance https://universoviviente.com/cop27-there-is-no-climate-justice-without-climate-finance/ Sun, 06 Nov 2022 09:41:39 +0000 https://universoviviente.com/cop27-there-is-no-climate-justice-without-climate-finance/

Jhe climate crisis disproportionately affects countries in the South. In Nigeria, climate change is no longer a threat but a reality.

This year’s flood in Nigeria affected millions of people: homes, farms, schools – our country lost billions of dollars from the damage. It affected more than two-thirds of Nigeria, making it a total disaster. Yet this is just one of the many realities of the climate crisis we face. This has been our reality for a very long time.

Currently, in my region – West Africa – the climate crisis is exacerbating armed conflicts and violence between farmers and herders, due to control of resources and loss of livelihoods. The same is true in other parts of Africa. Climate change is causing hunger, food insecurity and poverty due to environmental instability.

It is so prevalent that a simple “Loss and Damage Fund” is non-negotiable. Therefore, without climate finance, we cannot solve the climate crisis – and without climate finance, we cannot adapt to build resilience against the climate crisis.

Without climate finance, loss and damage become inevitable. The reality of the climate crisis is both far and near. That is why says the IPCC that limiting global warming to 1.5 degrees would require rapid and unprecedented changes in all aspects of society.

According to recent studies, the economic cost of loss and damage by 2030 has been estimated at 400 billion dollars per year and between 290 and 580 billion dollars in developing countries alone. By 2050, the economic cost of loss and damage in developing countries is estimated at between $1 and $1.8 trillion.

Lake Chad, once one of Africa’s largest lakes, is shrinking. We’ve lost 90% of that to environmental instability. More frequently, we have faced weather-related events such as droughts, floods, cyclones and other disasters at the same time.

We cannot even recover from one crisis until we are hit by another. It costs us a lot. A single crisis can displace millions of people, let alone multiple crises. We are in a race against the climate crisis. And the negotiations take up all of our space and all of our time, when real and urgent action is needed.

Cop has been happening since before I was born, but nothing seems to have happened. What we need is After action and fewer negotiations. If the promises and commitments made by the previous Cops had come true, the world would not be in a state of planetary emergency. What happened to pledge by rich countries to “mobilize” $100 billion in climate finance each year by 2020 to help vulnerable countries cope with climate change?

And the Paris climate agreement? Multiple promises, once again, but here we are: seeing big polluters buy their way out thanks to carbon credit. Failing to meet our commitments is as dangerous as making no commitments at all.

At COP27, we must listen to science and not the big polluters who want to influence the outcome of the conference according to their selfish agenda. The climate crisis is not just about signing an agreement, but about making it happen. We must make every Cop climate conference count through action and more action. We need to treat it as seriously and as immediately as we did the Covid-19 pandemic.

According to reports, Nigeria’s Lagos State could be covered in water before the end of this century due to sea level rise. Committing to carbon neutrality by 2050 is like saying we will stop the Covid-19 pandemic by 2050 without a vaccine. The “vaccine” to end the climate crisis is climate finance.

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We also need to remember that just because COP27 is in Egypt doesn’t mean Western countries shouldn’t get involved. We should demand equal representation, especially of marginalized communities.

Just because he’s in Egypt doesn’t necessarily mean he should be an “African cop.” We don’t need to label it that way. Whether it takes place in the UK or the US, what matters most is that deals are made and delivered.

The COP27 should, however, focus on the vulnerable countries most affected by the climate crisis.

We have not honored the commitments of the previous Cops. Here we are, at COP27, with another chance. I look forward to the day when the climate conferences take place beyond negotiation to translate into action in real time. The longer we delay necessary action, the greater the loss and damage. To all of us.

Oladosu Adenike is a climate justice activist, eco-feminist and eco-reporter based in the Lake Chad region

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Opera Launches NFT Deep Scan Tool DegenKnows, Releases Support for NEAR, Elrond and Fantom in Opera Crypto Browser https://universoviviente.com/opera-launches-nft-deep-scan-tool-degenknows-releases-support-for-near-elrond-and-fantom-in-opera-crypto-browser/ Thu, 03 Nov 2022 11:03:00 +0000 https://universoviviente.com/opera-launches-nft-deep-scan-tool-degenknows-releases-support-for-near-elrond-and-fantom-in-opera-crypto-browser/
  • Opera’s new NFT analytics tool, DegenKnows, allows users to discover and track NFT project ratings and reputations while providing access to actionable insights from top portfolios including celebrities, Alpha groups and influencers.

  • Opera Crypto Browser adds support for NEAR (NEAR), Elrond (EGLD), and Fantom (FTM) blockchains and coins

LONDON, November 3, 2022 /PRNewswire/ — Operathe company behind the world’s first dedicated Web3 browser, today announces the launch of DegenKnows.io, its new NFT analysis, tracking and exploration tool that helps users seamlessly discover, track and verify digital collectibles.

Opera introduces its new NFT in-depth analysis tool: DegenKnows and integrates the NEAR, Elrond and Fantom blockchains into its Crypto Browser

Along with the launch of DegenKnows, the Opera Crypto Navigator has integrated NEAR Protocol (NEAR), Elrond (EGLD), as well as Fantom (FTM) blockchains, adding to the many already integrated networks that include Ethereum, BitcoinPolygon, BNB Chain, and others.

Additionally, in an effort to make using Web3 more user-friendly, Opera users can now register human-readable handles (username@opera) for their crypto wallets via the Foundation for Interwallet Operability (FIO) for free.

Our objective with the Opera Crypto The browser should provide a portal to Web3 to its fullest. From browsing dApps to using their funds, our users can explore Web3 from the secure environment of a user-friendly browser from a trusted brand. Today, with DegenKnows, we’re giving them an innovative tool to explore and understand the world of NFTs and maybe spot the next big thing before everyone else.,” said Susie Batt, Crypto Ecosystem Manager at Opera.

As part of Opera’s push for Web3 adoption, DegenKnows is the latest example of its next-gen tools dedicated to users interested in exploring the decentralized space.

DegenKnows provides in-depth on-chain and off-chain analytics

Aimed at NFT enthusiasts, newcomers, and marketers, DegenKnows analyzes both on- and off-chain information that can help users explore and learn about NFTs before they gain popularity – or even before they become popular. they are not struck. DegenKnows allows users, for example, to get an overview of the most popular NFT projects and study charts indicating their popularity, as well as key collectors and opinion leaders in the NFT space.

To help weed out potential scams, as well as on-chain data, DegenKnows provides users with off-chain data from social media sources, along with analysis from the team behind the NFT project.

Users can get aggregated information about the project team information, including the number of social media followers, the number of active members, and the total number of mentions over 24 hours. The platform also features an organized content feed for each project that allows users to catch the most important posts without tedious searching. It also helps identify whether a project’s community is real or consists of bots. DegenKnows further allows users to view key opinion leaders in the NFT space who follow a given project. Once scams have been filtered out and research on a given project has been done, users can use DegenKnows to set reminders for raffles and mints.

Deeper analyzes essential for understanding the NFT market

The launch of DegenKnows comes hot on the heels of Reddit’s recent foray into NFT space, which brought nearly 3 million new users to the nascent market. With NFTs back in the limelight and enjoying widespread adoption, DegenKnows is ready to offer users advanced new tools to help them navigate this sea of ​​digital collectibles and stay current. of the latest NFT trends.

As Web3 and NFTs continue to gain mainstream adoption, industry-specific tools are expected to evolve in the same way,” added Susie Batt. “Together with DegenKnows, we’ve created a platform that helps users gain an edge in the NFT market by exploring the dynamic world of NFTs, tracking their favorite collectors’ purchases, detecting token authenticity, and more. Again..”

As Web3 continues to gain traction with the mainstream, it’s becoming increasingly difficult to navigate the burgeoning NFT space, especially for users taking their first steps into the world of collectibles. digital. Besides the plethora of NFT collections available today, there are also risks associated with malicious actors who often try to copy important projects by simply adding “jpegs” to their custom tokens.

As part of the launch, all users of Opera browsers are getting Premium access to DegenKnows for free. Non-Opera users can access a limited free trial which will be available until the end of 2022

Elrond is currently supported in the Android version of Opera Crypto Browser, with cross-device support coming later this year. The Opera Crypto the browser currently supports NEAR tokens with full Web3 support coming later this year

No Investment Advice: The information provided by DegenKnows does not constitute investment advice, financial advice, trading advice or any other type of advice and you should not treat the content of the website as such. Opera does not recommend to anyone cryptocurrency or NFT must be bought, sold or owned by users. Perform your own due diligence before making any investment decision.

Disclaimer

DegenKnows content is strictly for informational purposes. Opera does not guarantee the accuracy or completeness of any Content available on the Service. DegenKnows does not facilitate or provide any wallet or minting services, or provide any trading, investment or brokerage accounts or facilities. DegenKnows does not provide investment or any other financial advice or recommendation. As with any asset, the value of digital assets can go up or down and there may be a substantial risk that you will lose money by buying, selling, holding or investing in digital assets. You are solely responsible for determining whether purchasing Digital Assets is right for you in light of your financial circumstances and level of financial sophistication.

About Opera

Opera (NASDAQ: OPRA) is a global web innovator with an engaged and growing base of hundreds of millions of monthly active users who seek a better Internet experience. Building on more than 25 years of innovation that began with navigation products, Opera is now leveraging its brand and highly engaged user base to expand into new segments. Today, Opera offers users around the world a range of products and services including PC and mobile browsers, the Opera News newsreader and applications dedicated to games, crypto, e-commerce and classified ads. In 2018, Opera launched the first browser with a crypto wallet and web3 support. Opera is headquartered in Oslo, Norway and listed on the NASDAQ stock exchange (OPRA). In January 2022Opera has released its “Crypto Browser Project”. The browser provides transparent access to Web3, supports cryptocurrency and NFT exchanges, decentralized applications (dApps) and has an integrated non-custodial system crypto wallet.

(PRNewsfoto/Opera Limited)

(PRNewsfoto/Opera Limited)

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SOURCE Opera Limited

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Mobilum Technologies Announces Second Quarter Financial Results and Provides Business Update https://universoviviente.com/mobilum-technologies-announces-second-quarter-financial-results-and-provides-business-update/ Mon, 31 Oct 2022 23:35:00 +0000 https://universoviviente.com/mobilum-technologies-announces-second-quarter-financial-results-and-provides-business-update/

VANCOUVER, BC, October 31, 2022 /CNW/ – Mobilum Technologies Inc. (there “Company“) (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company that makes digital assets and cryptocurrencies accessible through traditional finance and payments infrastructure, and the leading provider of Fiat-to-Dex Tokens rail solutions, filed financial results for the second quarter ending August 31, 2022. For further information on results, please refer to Mobilum Technologies’ financial statements and management’s report published on SEDAR on October 31, 2022.

Mobilum Technologies Announces Second Quarter Financial Results and Company Update (CNW Group/Mobilum Technologies Inc.)

Highlights of the second quarter of 2022 include:

  • Completed the second trimester on August 31, 2022 with a cash balance of $2.02 million.

  • Q2 revenue for the 3 months ending August 31, 2022 achieved $787,735passing to 5.43 times on Q1 earnings.

  • The net operating loss for the three-month period was $177,413presenting a 93% reduction in operating loss compared to the previous quarter.

Company update:

Mobilum is a diversified payment services company with a mandate to bring innovative solutions to the crypto industry, including traditional finance companies entering this market. In May 2022, Mobilum announced a new project with Binance and in July, Mobilum, together with a banking partner, launched its Virtual International Bank Account Number (vIBAN) solution.

Mobilum continues to enrich its offer. The Mobilum team plans to launch a new non-custodial wallet combined with prepaid payment functionalities in the next quarter. This program was sponsored in part by a global credit card provider.

In addition to new product developments, Mobilum continues to build traction on its core products such as its on-ramp services. The Onramp business is a competitive market and is very subject to the ebbs and flows of the general market crypto market. Mobilum continues to attract new and growing customers and is positioned to win as transaction volumes increase.

Market update:

The current price of Bitcoin stay down $20,000 price and test its lowest point in 2022 from September 21 of $18,547.40. Although Mobilum itself is not directly impacted by crypto price, it reflects the general health of the market and the general view that trading volumes increase when prices increase. It is believed that the crypto The market mirrors global economic conditions where, in response to growing global inflation concerns, central banks around the world are raising interest rates. As a result, there are growing fears that the shrinking global economy could spark fears of recession in key markets such as Europe. If so, this may have an additional impact crypto markets. Mobilum, as an innovative payment service provider, continues to grow its product offering and forge relationships with leaders in the payments industry, as this direction feels equipped to respond and even thrive in such conditions.

“There is still a lot to accomplish, but it is a step in the right direction. We are pleased with what the team has been able to accomplish in the relatively short time since the arrival of the new board and the new direction. Revenues are going in the right direction. given the softening crypto industry during this same period, our successes support our model of collaborating with global leaders to create innovative payment solutions. »said the CEO of Mobilum Technologies Steven LaBella.

About Mobilum Technologies Inc.
Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B) is a technology-driven digital service provider (DSP) whose mission is to make digital assets and cryptocurrencies accessible through the traditional finance and payment infrastructure and digital asset management. technologies, providing solutions for exchanges, wallets and Cryptocurrency Enterprises, NFT marketplaces, protocols, decentralized applications and decentralized autonomous organizations, Metaverse and Play-to-Earn games, and traditional financial institutions (banks, hedge funds, insurance and Fintech companies) are opening their doors to the digital asset space. Our goal is to enable consumers around the world to convert fiat tocrypto and crypto-to-fiat with access and exit solutions from Mobilum. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States. For more information go to www.mobilum.com.

Related links
https://mobilum.com

For more information: please contact Mobilum Investor Relations by email at ir@mobilum.com

This press release may contain certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “expect”, “may”, “program” and similar words or phrases identify forward-looking statements or information. These statements represent the current views of the Company with respect to future events and are necessarily based on a number of assumptions and estimates which, although considered reasonable by the Company, are inherently subject to important business, economic, competitive changes, political and social risks, contingencies and uncertainties Many factors, known and unknown, could cause the results, performance or achievements to be materially different from the results, performance or achievements which are or may be expressed or implied by these forward-looking statements The Company does not intend, and undertakes no obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other issues affecting such statements and information other than those required by laws, rules and regulations applicable.

Contact information:

Investor Relations
John HendersonActing COO and CFO
Phone: +1 (250) 809-5909
Email: IR@mobilum.com

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Foreign Minister calls on global community to fight terrorism https://universoviviente.com/foreign-minister-calls-on-global-community-to-fight-terrorism/ Fri, 28 Oct 2022 23:20:07 +0000 https://universoviviente.com/foreign-minister-calls-on-global-community-to-fight-terrorism/
  • Foreign Secretary James Cleverly will address the United Nations Security Council Counter-Terrorism Committee during a visit to India this week
  • He will use his speech in New Delhi today (Saturday) to call on like-minded partners to rally behind a mission to reduce terrorist resources and prevent future attacks like the one seen in Mumbai in 2008.
  • The foreign minister began his first visit to India in his role in Mumbai yesterday (Friday) before heading to New Delhi today.

The international community must work together to ‘starve out terrorists of emerging finance and technology’ which will cause destruction around the world, UK Foreign Secretary James Cleverly said today (Saturday 29 October).

Speaking at the United Nations Security Council’s Counter-Terrorism Committee in New Delhi, he will call on countries to work together to counter terrorism online – including global terrorist recruitment campaigns and live streaming of attacks.

It comes after he paid tribute yesterday at the Taj Palace Hotel in Mumbai to those who lost their lives in the 2008 terror attack in the city, including three British nationals.

The Minister of Foreign Affairs must say:

In the space of two decades, terrorists have gone from broadcasting cracking voice recordings from the depths of Tora Bora, to global online recruitment and incitement campaigns, to live attacks.

Online incitement has radicalized vulnerable people in faraway countries, who have continued to use rental vans as weapons of terror.

We must therefore continue to work together to combat terrorist ideologies online.

He will conclude that we must “starve the terrorists out of finance and emerging technologies that will cause death and destruction in the world”.

The UK’s Counter Daesh Communication Cell, in partnership with the governments of the United States and the United Arab Emirates, is working to challenge Daesh propaganda. The UK is also working to stop terrorists exploiting online platforms and pushing tech companies to crack down harder on extremist online content through the G7 and the Global Anti-Corruption Internet Forum. terrorism.

Around the world, unmanned aerial systems are being used to sow terror. The UK is funding new technology to combat these drones and prevent terrorists from misusing them.

During the visit, the Foreign Secretary announced a new collaboration between the UK and India through British International Investment. This included £11m of UK funding invested in Kinara Capital, a female-led fintech company. British International Investment is designed to strengthen business ties with our partners and generate economic growth, benefiting the UK and creating jobs at home.

He also announced a £22m investment from the UK-backed Neev II Fund in Hygenco, which will help India’s green energy transition by pioneering green hydrogen.

The Foreign Secretary is due to meet India’s External Affairs Minister Jaishankar today to discuss the latest on the 2030 Roadmap, the landmark commitment to boost cooperation between the UK and India over the of the next decade.

Notes to editors:

  • More information about the UNSC event can be found here
  • Kinara Capital is a digital lender that helps small entrepreneurs access finance to drive economic development and job creation in India. The investment is $12.5 million by British International Investment (BII).
  • Hygenco is a pioneer in green hydrogen technology. The £22m investment comes from the FCDO-backed Neev II fund in partnership with State Bank of India.
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