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Editorial Invest in Slovakia
Get information from a selection of articles from other media. Our summary of each of them will save you time. You'll find news from the worlds of finance, technology, and real estate.
ECB chief: we may have to raise interest rates to a level that slows economic growth - At the end of October, the ECB raised its key interest rate by a further 0.75 %, taking it to 2 % - the highest level since 2009. According to Bloomberg, economists at the world's leading banks predict that the eurozone is likely to enter a recession in the coming months, which will not be mild. The ECB chief also warned against excessive budget spending to help consumers and businesses facing soaring energy prices.
Apple and Elon Musk's Twitter are on a collision course - Since Elon Musk took over Twitter, he has announced big, albeit confusing, plans. One of the biggest risks of Musk's vision of "Twitter 2.0" is the possibility that his changes will break Apple or Google's rules in such a way that the company will be slowed down or its software even taken out of the app stores. It faces the power of Apple and Google and their ability to refuse to approve or even take down apps that violate their rules on content moderation and malicious content, which has happened in the past. Apple said in a letter to Congress last year that it had removed more than 30,000 apps from its store in 2020 because of inappropriate content.
Greenwashing: surveys reveal fake greenwashing by tech firms and banks - The repainting of its activities green is said to concern not only the technology sector, but also the banking sector. According to the Sustainability Report, as many as 91 % out of 550 senior executives surveyed believe that some, if not all, technology companies have indulged in greenwashing. Most are said to be doing so mainly because of public opinion. Another report from Finance Watch estimates that as many as 60 of the world's largest banks still have about $1.35 billion invested in fossil fuels specifically. "Banking is not neutral. Institutions decide what they finance and what they invest in, thereby greatly influencing our common future and environmental goals. Banks' commitments must be backed up by real action," says Martin Rohner. An example of greenwashing in banking is HSBC, one of Europe's largest banks, which has financed fossil fuel companies despite its commitment to fighting climate change.
Residential houses can enter price regulation by the end of November, says Peter Kremský - The amendment corrects the situation when many apartment buildings with their own boiler room could not claim the right to the regulated price for 2023. ,,However, they will have to hurry up, after the publication in the Collection of Laws they have only a few days before the deadline. They can claim the right to supply electricity or gas at the regulated price for 2023 directly from their supplier, even if their contract extends beyond 31 December 2022," said MEP Drábiková.
After FTX collapse, Binance deploys $1 billion to keep crypto industry afloat - New details of its industry recovery fund were announced by the crypto exchange on its blog. Its aimed at supporting people in trouble after the disastrous FTX bankruptcy. It is donating $1 billion to the recovery fund. In the future, it may increase this amount to USD 2 billion, "if necessary", the company added. It is said "flexible in terms of investment structure", and accepts contributions in tokens, cash and debt. "We expect that individual situations will require tailor-made solutions," She added.
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