Catchy advertising (2024)

22/04/2022

Indian costs Vodafone dear but operator promises its cash flow will jump.
There was mixed news from British mobile phone operator Vodafone on Tuesday It reported a 6.1 billion euro loss for the year to the end of March but at the same time forecast a jump in the amount of cash it will generate this financial year.
Chief Executive Vittorio Colao said earnings would grow by between 4 and 8 percent this year to 14-14.5 billion euros – analysts had forecast 13.8 billion euros – and it would generate about 5 billion euros of cash, up from 4.1 billion euros last year.Reduced costs and slowing investment programmes on its networks in Europe and other markets mean the company will be able to pay higher dividends to its shareholders. Consequently the shares rose 3.8 percent.
https://www.euronews.com/2017/05/16/indian-cost-vodafone-dear-but-operator-promises-its-cash-flow-will-jump

Britain's Vodafone has reported a 6.1 billion euro annual loss but forecasts a jump in the amount of cash it will generate this financial year.

21/04/2022

Apple to pay $3.
8 billion tax bill on overseas cash.
American tech giant Apple is to repatriate some of its vast overseas cash and make a one-time tax payment on it of $38 billion dollars.
The company said it would also open a new campus in the US as part of 5-year $30 billion dollar investment plan, creating 20,000 new jobs.
While Apple has been criticised in Europe over its tax policies, in the US it's been under increasing pressure to make home investments. Since the 2016 presidential campaign, Trump has targeted the iPhone maker for making its products overseas.
Apple is the latest company to announce a one-off payment as a result of recent changes to US tax law.
They allow companies to pay a levy of 15.5% on overseas cash holdings that are repatriated to the US.
https://www.euronews.com/2018/01/18/apple-to-pay-38-bn-tax-on-overseas-cash

Tech giant says it will also open a new campus as part of a multi-billion dollar US investment plan

20/04/2022

Bitcoin price hits a new all-time high of over $66,000 as investors get excited over ETF.
A historic day for the world’s biggest cryptocurrency as the price of Bitcoin soared to a new high of more than $66,000 (€56,669) on Wednesday, after the launch of the first Bitcoin exchange-traded fund.
The cryptocurrency, which traded for less than a dollar 12 years ago (€0,85), peaked during the session at $66,273 at around 14:00 GMT (16:00 CEST in). This is an increase of more than 50 per cent compared to over a month ago, and more than 450 per cent over compared to a year ago.
Bitcoin has been benefiting for the past month from the launch of the first exchange-traded fund (ETF) linked to its price on the New York Stock Exchange, which began trading on Tuesday. Investors are hoping that new funds will be able to enter the cryptocurrency market using this new regulated financial product.
https://www.euronews.com/next/2021/10/20/bitcoin-price-hits-a-new-all-time-high-of-over-66-000-as-investors-get-excited-over-etf

Last Friday, Bitcoin surprised everyone by reaching $60,000 (€51,522).

19/04/2022

Bitcoin ETFs signal another step forward for digital currencies.
The views and opinions expressed in this article are those of the author.
History was made recently with the launch of the first ever Bitcoin exchange traded fund (ETF) authorised to begin trading on US exchanges. As the buzz and excitement around this potential (and now verified) approval grew, the price of Bitcoin and other crypto assets closely followed.
Subsequent to the banning – yet again – of Bitcoin and other crypto mining and trading activity in China by the People’s Bank of Chain (PBoC), this rebound has been particularly bullish.
Bitcoin, almost immediately following the launch of this ETF product, hit all-time-highs and continues to drive institutional interest and investment both in the US and internationally.
https://www.euronews.com/next/2021/10/27/bitcoin-etfs-signal-another-step-forward-for-digital-currencies

The Central Bank Digital Currency Think Tank explains the financial structure and implications of the newly launched ETF.

18/04/2022

NatWest is cutting its lending to the oil and gas sector, in a bid to become net zero.
British bank NatWest cut lending to clients in the oil and gas sector by 21 per cent in 2021 and aims to limit it even further as part of efforts to decarbonise its loan book and reach net-zero emissions.Financial firms around the world are increasingly committing to the net-zero target in the fight against climate change, although most have yet to put firm plans in place, particularly over the shorter-term.The figures were announced in the first update by NatWest. The bank warned in 2020 that it planned to cut off financing for larger oil and gas companies if they failed to have a credible plan to transition to net-zero.
NatWest said its lending to oil and gas companies fell a fifth to £3.25 billion (€3.9 billion) last year, and total lending to the sector now makes up just 0.7 per cent of its loan book.
https://www.euronews.com/green/2022/02/21/natwest-is-cutting-its-lending-to-the-oil-and-gas-sector-in-a-bid-to-become-net-zero

Total lending to the sector now makes up just 0.7% of its loan book.

17/04/2022

Synthetic palm oil being brewed like beer gets Bill Gates' investment.
C16 Biosciences is the New York based startup producing a synthetic version of palm oil that doesn’t rely on deforestation. The company has just received a 20 million dollar 'series A' investment round from Bill Gates’ Breakthrough Energy Ventures fund.The investor-led fund supports cutting edge startups with a focus on environmental innovation and sustainability. Hence, the decision to invest in conflict-free palm oil goes hand in hand with its commitment to back "companies that will help stop climate change." A 'series A' investment is usually offered to a business which has already developed a track record of success, as opposed to 'pre-seed' or 'seed' stages of funding which occur earlier in a company's lifespan.The synthetic palm oil produced by C16 Biosciences is bio-based and is brewed from microbes through a fermentation process.
https://www.euronews.com/green/2020/03/26/synthetic-palm-oil-being-brewed-like-beer-gets-bill-gates-investment

The bio-based palm oil substitute is receiving millions of dollars from Bill Gates' investor-led fund.

16/04/2022

Don't be a fossil fool’ says ethical bank in green investment campaign.
Nearly two thirds of Brits don’t want banks to fund fossil fuel companies, preferring to opt for green investment instead, a survey by ethical bank Triodos has found.
The self-proclaimed “leading ethical bank” in Europe is calling for customers to be more aware of where their money is going when they invest in a savings account. Founded in 1980 in the Netherlands, it has been in the UK for 25 years and aims to “democratise” the banking sphere. In response to the climate crisis, Triodos has launched a campaign called ‘Don’t be a fossil fool’ to raise awareness of the issue.
The results show six in ten of those surveyed acknowledge fossil fuels are damaging the planet, yet two thirds have no idea if their money is supporting fossil fuel production. UK customers could be unknowingly investing in the region of £16 billion in fossil fuels through their ISAs, says Triodos.What’s more, “during a period of economic uncertainty, savers may well be rethinking how they invest and want to know whether they are banking with a brand that is giving back to the community,” states Rachel Springall, a Finance Expert at Moneyfacts.co.uk.
The ‘Don’t be a fossil fool’ campaign seeks to shine a light on the “chronic lack of transparency” in the sector, in regards to whether banks are investing in climate-damaging fuels, such as oil, gas or coal.
https://www.euronews.com/green/2020/04/01/don-t-be-a-fossil-fool-says-ethical-bank-in-green-investment-campaign

UK customers could be unknowingly investing around £16 billion in fossil fuels through their savings accounts.

15/04/2022

Norway’s largest private money manager drops fossil fuel giants.
A Norwegian private money management company worth more than €75m has sold its stocks in some of the world’s largest oil companies involved in lobbying against climate action.ysaker-based Storebrand says it has divested from oil giants like ExxonMobil and Chevron because they have been using their political power to block climate policies.
As the largest private asset manager in Norway, Storebrand invests money on behalf of individuals or families to create a financial portfolio for things like personal savings and insurance policies. The company’s new climate policy involves shifting away from “the highest emitters of greenhouse gas emissions” and instead investing in companies that provide “solutions to the climate crisis”.Storebrand has also dropped 22 other energy companies that get more than five per cent of their revenue from carbon-intensive coal or oil sands.
“We are not only vulnerable to the systemic disruptions that climate change will unleash on ecosystems, societies, and our own portfolio companies,” said Storebrand CEO Jan Erik Saugestad. “We also have a key role to play in accelerating the de-carbonization of the global economy.”
https://www.euronews.com/green/2020/08/28/norwegian-investors-divest-from-fossil-fuels-saying-oil-companies-should-not-rest-easy

Storebrand says it has dropped companies lobbying against climate policy.

14/04/2022

Indian costs Vodafone dear but operator promises its cash flow will jump.
There was mixed news from British mobile phone operator Vodafone on TuesdayIt reported a 6.1 billion euro loss for the year to the end of March but at the same time forecast a jump in the amount of cash it will generate this financial year.
Chief Executive Vittorio Colao said earnings would grow by between 4 and 8 percent this year to 14-14.5 billion euros – analysts had forecast 13.8 billion euros – and it would generate about 5 billion euros of cash, up from 4.1 billion euros last year.
Reduced costs and slowing investment programmes on its networks in Europe and other markets mean the company will be able to pay higher dividends to its shareholders. Consequently the shares rose 3.8 percent.
https://www.euronews.com/2017/05/16/indian-cost-vodafone-dear-but-operator-promises-its-cash-flow-will-jump

Britain's Vodafone has reported a 6.1 billion euro annual loss but forecasts a jump in the amount of cash it will generate this financial year.

14/04/2022

Skydive pitch: budding entrepreneurs take the leap in Dubai Pitching to a potential investor is a daunting experience at the best of times. Some eager entrepreneurs in Dubai recently took it up a notch by delivering high-pressure elevator pitches at an altitude of 4,000 metres, in the hopes of taking home mentorship and a cash prize.o enter the 'Pitch Up In The Sky' competition, an event where skydiving meets Dragon's Den, companies had to have less than $500,000 in funding, be from the Middle East or Africa and be focused on healthcare, education, artificial intelligence, media & entertainment or transportation.Finalists were selected by an impressive panel of judges, including the inventor of Google Maps, Lars Rasmussen; the first investor of Zoom, Bill Tai; and a founding executive of Netflix, Mitch Lowe.
The competition
Adam Ridgeway was one of three selected to take the skydive challenge, representing One Moto, a brand of electric motorcycles, designed and developed for innercity commuters and the delivery community.Joining him was Dubai native Layaly Haddad. She was seeking investment for her brainchild 'My Lilybox'. The woman-focused brand is the first period essentials subscription box in the UAE.
The last finalist was uMore founder Alejandro Serrano who introduced his AI-powered mental well-being tracker which helps users build positive habits, change behaviours and share progress with family and physicians.
The budding entrepreneurs had just 60 seconds before the jump to sell their business idea to Marcus Muenster, founder of investment fund The Gritti Fund and organiser of the event.
https://www.euronews.com/2020/12/10/skydive-pitch-budding-entrepreneurs-take-the-leap-in-dubai

Skydive pitch: budding entrepreneurs take the leap in Dubai

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