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Gold prices stabilize after Fed minutes reiterate longer-term higher outlook

Gold prices stabilized after briefly touching key highs in Asian trade on Wednesday as lingering uncertainty over the Fed’s monetary policy trajectory dampened investor enthusiasm. Expectations that the Fed’s interest rate hike cycle is coming to an end have driven recent gains in gold prices. However, the minutes of the Fed’s late October meeting released…

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The evolving landscape of central bank digital currencies (CBDC)

At the Singapore FinTech Festival last week, International Monetary Fund (IMF) Managing Director Kristalina Georgieva highlighted the potential benefits of central bank digital currencies (CBDCs), including increased financial inclusion, faster cross-border payments and improved efficiency. She emphasised the need for national authorities to adopt an entrepreneurial mindset when designing and implementing CBDCs. Despite the enthusiasm…

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ECB President Says Europe Needs Harmonized Capital Markets to Tackle Investment Challenges

European Central Bank President Christine Lagarde has called for the creation of a European Securities and Exchange Commission (SEC) and a unified stock exchange to help raise capital to tackle the region’s “de-globalization, demographics and de-carbonization.” Speaking at the European Banking Congress in Frankfurt, Lagarde emphasized the need for a “generational effort” and “massive investment”…

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Calgary Golf Courses to Open in Mid-November for Unprecedented Winter Golf Experience

In an unprecedented move, the City of Calgary will reopen Maple Ridge Golf Course and Shaganabee Point Golf Course in mid-November. The City’s attempt to extend the golf season has been prompted by unseasonably warm weather, with temperatures expected to reach 10 degrees Celsius over the weekend. The courses will be open from Thursday, November…

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Deep whitewash threatens deep advances in European climate technology

The boom in deep technology investments in Europe is driving advances in transformative technologies that have the potential to address global challenges and revolutionize industries. However, this boom has been accompanied by a worrying trend of deep whitewashing that jeopardizes the progress of climate-focused deep technology investments. What is deep whitewashing? Deep whitewash is a…

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