The decarbonisation of the steel industry, though essential to global carbon emissions reduction, has proved elusive. However, recently, development has accelerated with ArcelorMittal Europe completing the first sale of green steel, which is steel produced with no carbon emissions, in late 2020. This indicates the start of a widely anticipated shift towards decarbonisation for an…

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OakNorth Bank Inc. is a digital bank that primarily lends to small and medium-sized companies, offering them financing solutions that are typically limited to larger firms who can access corporate banking services at traditional banks. In addition to loans and digital deposit products, OakNorth offers a forward-looking, cloud-based credit assessment platform that combines AI with…

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On February 12th, South Korea’s largest e-commerce company, Coupang, filed for an Initial Public Offering (IPO) on the New York Stock Exchange (NYSE). The Wall Street Journal has said that this could occur as early as March this year. Coupang’s IPO is likely to be the largest one by a foreign company in the United…

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Bitcoin uses more electricity per annum than the Netherlands, UAE, and over double the consumption of Singapore. From data published this month by Cambridge University researchers, Bitcoin consumes around 120.37 GWh per year, which is equivalent to roughly 0.5% of the world’s energy consumption. Bitcoin’s consumption of electricity places it as the 32nd largest energy…

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According to a recently published report by Lancaster University, the IT sector is directly responsible for between 1.8 and 2.8% of global greenhouse gas emissions. The report adds that because of supply chains, the majority of published estimates underestimate the carbon footprint of the sector by as much as 25%. For Big Tech firms such…

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Over the last decade, index providers have been facing increased scrutiny into their operations as concern has been growing over the power they hold over markets. Whilst regulated in Europe since 2018, the situation differs in the US. Technically classed as data publishers, index providers face little scrutiny from financial regulators, leading some to question…

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International and strategic cooperation between Australia and Japan has been commonplace for the last couple of decades; complementary R&D propensities alongside shared priorities within the technology sector are just a few factors that have resulted in the formation of this strategic alliance. With global warming a rising issue that is becoming a key vocal point…

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London drivers waste around 9 days sitting in traffic every year whilst commuters in Los Angeles or Sydney, each stuck for 7 days, are not far behind. It is clear that the infrastructure of major cities is reaching breaking point, but some firms claim to have the answer to the problem, utilising Special Purpose Acquisition…

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