The Federal Reserve's decision to maintain interest rates at a high level for an extended period has been a critical aspect of its monetary policy in the wake of post-pandemic economic shifts. Following the significant inflation spike that occurred between 2022 and 2023, the Fed rapidly increased short-term interest rates to a range of 5.25% to 5.5%, the highest since 2001. … [Read more...] about Why the Federal Reserve Maintains High Interest Rates
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Deloitte’s “xTech Futures” Series Explores the Transformative Power of Biotech
The second installment in Deloitte's "xTech Futures" series highlights biotechnology (BioTech) as a pivotal "xTech" domain—representing exponential and variable technologies that could become essential for future business strategies. This comprehensive report is rich with case studies and interviews with biotechnology pioneers, shedding light on the current critical juncture in … [Read more...] about Deloitte’s “xTech Futures” Series Explores the Transformative Power of Biotech
Global Clean Energy Investments Fall Short of 2030 Renewables Goal, Says EY Report
Despite a record surge of US$1.8 trillion in clean energy investment last year, including US$660 billion allocated for renewables, the world remains off course to meet the COP28 target of tripling renewable capacity by 2030. This significant shortfall is highlighted in the latest EY Renewable Energy Country Attractiveness Index (RECAI 63), which points to network gridlock and … [Read more...] about Global Clean Energy Investments Fall Short of 2030 Renewables Goal, Says EY Report
Gorilla Secures €23M Series B Funding to Revolutionize Data Processing in the Energy Sector
Gorilla, a leading technology company specializing in data solutions for energy retailers, has secured €23M in its Series B funding round. "No one knows what the energy sector will look like 10 years from now. But in the path towards it, innovation is key," said Ruben Van den Bossche, Co-founder and CEO of Gorilla. The energy sector has seen a surge in data processing needs … [Read more...] about Gorilla Secures €23M Series B Funding to Revolutionize Data Processing in the Energy Sector
Turkey Imposes Heavy Tariffs on Chinese Electric Vehicles
Turkey has recently taken significant measures to curb the influx of electric vehicles (EVs) from China by imposing a substantial 40% additional tariff on these imports. This decision, which raises the total tariff on Chinese EVs to 50%, reflects Turkey's strategic move to protect and promote its burgeoning domestic EV industry, particularly its homegrown brand, Togg. The … [Read more...] about Turkey Imposes Heavy Tariffs on Chinese Electric Vehicles