EU has opportunity to harness crisis to deepen economic union, Structural reforms required to safeguard democratic future, and more

EU has opportunity to harness crisis to deepen economic union

By Ellie Groves and Taylor Pearce

The response from the European Commission after the 2008 financial crisis was slow and partial. Having learned from these missteps, the European Union’s response to Covid-19 was swift. The Russian invasion of Ukraine has posed yet another crisis. The EU has an opportunity to harness these crises to implement much-needed reform within its institutions and member states.

 Structural reforms required...

https://allaboutshipping.co.uk/2022/04/23/eu-has-opportunity-to-harness-crisis-to-deepen-economic-union-structural-reforms-required-to-safeguard-democratic-future-and-more/

Structural reforms required to safeguard democratic future, Europe needs action now on inflation to brake loss of euro trust, and more

Structural reforms required to safeguard democratic future

By Sunil Sharma and William White

Macroeconomic stabilisation policies cannot address the deep structural problems that confront the economies of many advanced democracies. Indeed, pretending that they can poses a threat to democracy itself as a worsening economic reality increasingly disappoints popular expectations. To confront this political vulnerability, actual policies must be improved, but popular expectations must also become more...

https://allaboutshipping.co.uk/2022/04/22/structural-reforms-required-to-safeguard-democratic-future-europe-needs-action-now-on-inflation-to-brake-loss-of-euro-trust-and-more/

Gloomy outlook for the IMF Spring meetings, Public debt is a casualty of war, and more

Gloomy outlook for the IMF Spring meetings

By Mark Sobel

The International Monetary Fund/World Bank Spring meetings, beginning in Washington on 18 April, will be a gloomy affair. Finance ministers and central bank governors meet against the backdrop of Russia’s heinous war in Ukraine, the global economic effects of shrunken growth, higher inflation from oil and commodity prices and renewed supply disruptions, and worsening debt distress in many emerging markets and low-income countries.

 Public...

https://allaboutshipping.co.uk/2022/04/16/gloomy-outlook-for-the-imf-spring-meetings-public-debt-is-a-casualty-of-war-and-more/

Crypto growth too big to ignore for traditional finance, UK reveals hand with stablecoin announcement, and more

Crypto growth too big to ignore for traditional finance

By Stephen Stonberg

Crypto adoption continues to rise at unprecedented levels. According to Chainalysis, last year saw a stunning 880% rise in global crypto adoption. Even long-time skeptics in the banking industry have reversed their initial hesitation. The institutionalisation of the crypto industry finds itself at a critical inflection point. A focus on regulatory clarity and greater flows between traditional finance and the crypto...

https://allaboutshipping.co.uk/2022/04/14/crypto-growth-too-big-to-ignore-for-traditional-finance-uk-reveals-hand-with-stablecoin-announcement-and-more/

Europe needs action now on inflation to brake loss of euro trust, Why the labour market won’t fuel US inflation, and more

Europe needs action now on inflation to brake loss of euro trust

By Jürgen Stark

The European Central Bank’s asymmetric monetary policy approach, followed for several years, has now become a source of instability – the opposite of what its mandate decrees. After announcement of the 7.5% inflation rate in March, the highest since the euro began, this policy of vacillation has run its course and must now end. The time has come to brake the loss of trust in the ECB and in the stability of the euro....

https://allaboutshipping.co.uk/2022/04/13/europe-needs-action-now-on-inflation-to-brake-loss-of-euro-trust-why-the-labour-market-wont-fuel-us-inflation-and-more/

Why China’s energy transition is so difficult, Green push will help secure energy independence, and more

Why China’s energy transition is so difficult

By Chunping Xie

Since the power crunch in September 2021, the Chinese government’s stance on coal appears to have changed, emphasising energy security as the top priority and recognising that coal is still a key energy source that has to be replaced by renewables gradually. Why is it so difficult for China to accelerate its energy transition away from coal?

Green push will help secure energy independence

By Sarah Moloney

The crisis in Ukraine has exposed...

https://allaboutshipping.co.uk/2022/04/12/why-chinas-energy-transition-is-so-difficult-green-push-will-help-secure-energy-independence-and-more/

Europe could pay Russian gas bill in renminbi, sweeping debt under the carpet, and more

Europe could pay Russian gas bill in renminbi

By Herbert Poenisch

The world was startled by Russia’s demand for unfriendly European countries to pay for Russian oil and gas exports in roubles. These are contracts which stipulate the payment currency, which in the case of the European Union is the euro. Europe would show shrewdness as well as foresight to stand up to Russian bullying by proposing to settle energy imports from Russia in renminbi. 

 Sweeping ever-growing debt under the carpet

By...

https://allaboutshipping.co.uk/2022/04/09/europe-could-pay-russian-gas-bill-in-renminbi-sweeping-debt-under-the-carpet-and-more/

UK reveals hand with stablecoin announcement, Hungarian national elections, and more

UK reveals hand with stablecoin announcement

By Lewis McLellan

The UK is setting itself up as a ‘global cryptoasset technology hub’, but what does this really mean? On 4 April, the government announced plans to bring stablecoins within regulation to pave the way for their use in the UK as a valid form of payment. 

Chancellor of the Exchequer Rishi Sunak no doubt hopes that, thanks to his announcement, the UK will compare favourably with the European Union as an attractive destination for companies...

https://allaboutshipping.co.uk/2022/04/08/uk-reveals-hand-with-stablecoin-announcement-hungarian-national-elections-and-more/

Blockchain in capital markets: revolution in waiting? Frequent borrowers set to lead digital transformation, and more

Blockchain in capital markets: revolution in waiting?

By Philip Middleton

In theory, many aspects of capital markets, including primary bond markets, ought to be crying out for a blockchain technology enabled transformation, but perversely the digital revolution fails to ignite. It would seem that the digital revolution, as far as capital markets and distributed ledger technology are concerned, has been postponed for the duration, pending further investigation and better-argued business cases....

https://allaboutshipping.co.uk/2022/04/06/blockchain-in-capital-markets-revolution-in-waiting-frequent-borrowers-set-to-lead-digital-transformation-and-more/

‘Data, data, data’ remain biggest challenge to TCFD adoption, Is it time to say RIP to ESG? and more

THE DAILY UPDATETuesday 5 April 2022

‘Data, data, data’ remain biggest challenge to TCFD adoption

By Sarah Moloney

In March, the US Securities and Exchange Commission proposed a draft rule requiring US-listed companies to disclose their climate-related risks and greenhouse gas emissions. This was announced in response to investors seeking more guidance on how they should be reporting on their climate impacts. However, some critics have accused the regulator of overstepping its authority...

https://allaboutshipping.co.uk/2022/04/05/data-data-data-remain-biggest-challenge-to-tcfd-adoption-is-it-time-to-say-rip-to-esg-and-more/

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