Mexico has committed to achieving a net zero economy by 2050, joining a coalition of countries, including the EU and Canada, that are pushing for significant emissions reductions by 2035. This initiative, announced at the UN’s COP29 climate summit, aims to inspire major polluters, particularly China, to enhance their climate ambitions. The pledge serves as a crucial benchmark for assessing the credibility of future emissions-cutting commitments globally.
Julius Baer reported net inflows of 11 billion francs ($12.5 billion) in the first 10 months of 2024, with significant contributions from Singapore and India. Assets under management rose 12% to 480 billion francs, despite a decline in gross margin to 83 basis points. The bank's cost/income ratio increased to 71%.
Wealth hubs are actively courting the UK’s super-rich, particularly in light of potential tax changes by the Labour government targeting non-domiciled residents. A recent exclusive event in Abu Dhabi highlighted the competition among cities offering lower taxes and incentives to attract wealthy individuals away from Britain.
The global Medical Mask Market is experiencing significant growth driven by changing consumer preferences, technological advancements, and a focus on sustainability. Key objectives include forecasting market size across regions, analyzing growth factors, and identifying opportunities for stakeholders. Major players include 3M, Honeywell, and Kimberly-Clark, with market segmentation covering surgical masks, respirators, and distribution channels like hospitals and online platforms.
India requires a range of bilateral trade agreements to enhance market access and leverage the 'China plus one' strategy in global manufacturing, as highlighted in the Reserve Bank of India's November bulletin. The urgency lies in standardizing negotiations to tackle rules of origin and non-tariff barriers. Over the past five years, imports from FTA partners surged by 37.9%, while exports only rose by 14.5%, indicating a need for a more effective trade approach.
Wyden has secured $16.9 million in a Series B funding round led by Truffle Capital, aiming to expand its digital asset services for banks, brokers, and exchanges. The company plans to integrate up to 20 new partners by 2025, focusing on markets with stringent regulatory frameworks, while enhancing its workforce and product development, particularly with its Wyden Infinity platform. This investment positions Wyden as a leader in institutional digital asset trading infrastructure, catering to the evolving needs of financial institutions.
Climate change responsibility is complex, with China as the largest current emitter, followed by the US and India. Historically, the US leads with 24% of emissions, while China accounts for 14%. Per capita emissions reveal that smaller, oil-dependent nations and Australia have the highest individual contributions, complicating climate finance discussions.
Dubai"s financial hub is now home to family offices managing over $1 trillion in assets, fueled by a surge of high-net-worth individuals. Arif Amiri, CEO of the Dubai International Financial Centre Authority, noted that the DIFC hosts over 120 families and 800 related entities overseeing more than $1.2 trillion in assets.
Coherent Market Insights is a global market intelligence organization providing comprehensive research reports and consulting services across various sectors, including healthcare, aerospace, and automotive. Their expertise includes market dynamics analysis, competitive landscape assessments, and tailored regional reports to identify growth opportunities. With a focus on actionable insights, they aim to enhance client decision-making and drive business success.
India is expanding its mobile-payment linkages with several countries, according to a senior official from the Reserve Bank of India. Current arrangements include partnerships with Sri Lanka, Bhutan, and Nepal, with ongoing discussions for collaborations with the UAE and other neighboring nations.
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