A few days ago, I went to pick up my son from his hospital in the morning; he was finishing his night duty. We decided to have tea from the tea-shop just next to the hospital gate. I was surprised to find that the tea-seller was accepting digital payments. Then again, a couple of days…
LIBOR has been an endangered species for some time now. LIBOR, the rate that banks charge each other to borrow money, is slated to go by the wayside in 2021 and taking its place for USD will be something called the Secured overnight financing rate, or SOFR. Almost every part of the financial world is touched by LIBOR; it is plausibly the world's most important number.
It is often said that those who do not remember the past are doomed to repeat it. With economics it’s no different, considering the world has experienced dozens of crashes and recessions, undoubtedly caused by acquisitive traders and lawmakers with few memories of the past.
You may have sent an Outlook email to the wrong person or accidentally opened an embarrassing PowerPoint during a meeting, but for Pakistan’s Prime Minister Nawaz Sharif, one of Microsoft’s products became a real problem. He has been forced to resign after he was disqualified from office by the country’s top court.
The 2015 Paris agreement established a global target for lowering greenhouse-gas emissions — aimed at keeping the atmosphere from warming by 2 degrees Celsius. One hundred and ninety-four countries have signed the treaty, which means that they have agreed to continue the process of the treaty on climate change mitigation. Nearly all the world’s countries agreed to create a system to measure their progress, and to continually strengthen their efforts.
Despite several opportunities, banks face pressure from both external and internal forces that hinder full-scale digitalization. The complexity and width of digital initiatives vary upon infrastructure, customer preferences and policy framework of the region.
Aside from well-being, experts say that employers should consider the effects digital exhaustion can have on workers’ productivity, which could impact the bottom line. There is certainly more research to be done, and perhaps once the French law is in place, we will have the makings of a real world “experiment.”