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Thread: Financial caricatures by MT5 portal

  1. #3331 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    EU industrial companies and Brussels to strike green deal
    According to The Financial Times, the largest industrial companies in Europe have called on Brussels to allocate more funds for the development of green energy. Industrialists whose enterprises pollute the environment claim that they will not be able to switch to green technologies without additional financial support from the EU.
    Leading EU industrial companies have appealed to Ursula von der Leyen, the head of the European Commission, with a request to amend the legislation. EU manufactures are sure it will help achieve considerable progress in their shift to green energy.
    The letter was written and signed by the heads of 22 corporations. Many of them run companies that somehow pollute the environment, e.g. oil and gas giant Shell, automobile concerns Volvo and Daimler, equipment manufacturer Siemens, as well as the energy companies - Iberdrola and Orsted.
    They indicated that without additional investments from the European Union, the further development of renewable energy sources is questionable. Clean energy is needed everywhere, including for industrial use, the letter emphasizes.
    In the near future, Brussels will consider the amendments that it intends to make to the legislation. They are expected to help implement ambitious plans to achieve net-zero emissions by 2050. New EU legislation includes stricter regulations on automobile emissions and a tax on polluting imported goods.
    However, EU manufacturers consider these measures insufficient. They believe that the European Union needs a broader approach to the problem. Businessmen are calling for the removal of barriers that prevent the integration of renewable sources into the energy systems used by companies. They also intend to achieve consistent investments in the energy sector from all EU countries.

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  2. #3332 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    OECD: rich nations risk facing long-term unemployment
    According to the Organization for Economic Cooperation and Development, wealthy countries could face the threat of rising long-term unemployment rates amid the coronavirus crisis.
    During the COVID-19 pandemic, as many as 22 million jobs were lost across 38 countries of the world, the OECD said in a report. Only 8 million of them are actively looking for new income streams. Low-skilled workers turned out to be worst affected by the coronavirus crisis. They are underqualified to take high-paying positions.
    Currently, there is a shortage of personnel in health care and industries related to green energy.
    It is also difficult for young people to find decent work. In OECD countries, the number of young people not in employment, education, or training exceeded 3 million.
    The organization estimated that overall employment across member countries would return to pre-pandemic levels by mid-2023, and across EU countries - in 2022.

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  3. #3333 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    US and Germany team up to ensure global prosperity and security
    On July 21, US President Joe Biden and German Chancellor Angela Merkel reportedly signed the Washington Declaration, thus affirming the United States and Germanys commitment to close bilateral cooperation in promoting peace, security, and prosperity around the world.
    The document states that mutually beneficial relations between the two countries are based on democratic principles and values which are enforced thanks to the appropriate institutions.
    "Across the globe, all nations must be free to determine their political futures free from foreign interference, coercion, or domination by outside powers," the US and German representatives believe.
    Both states stand for Europe that is "whole, free, and at peace" and share the belief that NATO is an important tool for security policy. They are ready to develop existing alliances and partnerships. In addition, the declaration pays special attention to supporting emerging technologies that ensure political and economic freedom.
    Along with that, the United States and Germany have reached climate and energy agreements that should contribute to delivering on emission-reduction targets.

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  4. #3334 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    South Korean palm oil giant stripped of sustainability status
    According to the BBC, palm oil giant Korindo Group has caused significant damage to the environment. Reportedly, the company had been buying up swathes of Asia's largest remaining rainforests in the remote Indonesian province of Papua. As a result, it destroyed valuable tropical forests in Indonesia. And the day of reckoning came.
    The Korindo group has been rejected from the world's leading green certification body in the wake of a BBC investigation. Notably, this is not the first time the company has been accused of such destructive practices. In 2020, Greenpeace and forensic experts managed to find out the wrongdoings of the company. The palm giant burnt protected forests in the Indonesian province of Papua.
    Greenpeace and the BBC provided evidence of illegal actions of the Korindo Group related to the destruction of 30,000 hectares of high conservation forest in breach of FSC regulations as the company was "on the balance of probability supporting the violation of traditional and human rights for its own benefit."
    The International Forest Stewardship Council (FSC) conducted its own investigation. According to its results, the South Korean food giant ignored the "green" strategy in the production of palm oil, printing, and other wood products.
    Following the decree of the Forest Council, from October of this year, the FSC has revoked the license from Korindo Group. Notably, this license indicates sustainable logging as well as concern for improving living conditions in those countries where a company's production is sold.

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  5. #3335 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    UN urges to increase investment in environmental projects
    Every year, the world faces more and more severe and devastating climate disasters. It is hot in regions where the weather is usually cold in certain seasons. Heavy winds and rains often destroy cities. Therefore, UN experts are calling for increased investment in projects aimed at protecting the environment. The last decade with its apocalyptic fires and floods, cyclones, and hurricanes justified analysts' fears.
    The United Nations Environment Programme (UNEP) report states that climate deviations of the last 10 years are becoming the new normal. The current level of CO2 emissions is 62% higher than in 1990.
    UNEP experts believe that in the current situation, humanity has to adapt to the new reality, namely a rapidly changing climate. For instance, people should construct buildings that are capable of withstanding hurricanes, floods, and earthquakes. Dangerous cyclones and storms are expected to increase in frequency due to climate change. Experts recommend building round-shaped houses taking into account the aerodynamic load.
    The UN Practical Guide for the construction of climate resilient buildings and Communities suggests that citizens should green urban space in order to lower the air temperature in the heat and reduce gas pollution. "For example, this includes design approaches to minimize heat gain, which could be applied to single family homes in hot and arid and hot and humid regions but also upscaled for larger commercial or governmental buildings. Many of these countries can also have regions that experience cold or temperate weather; therefore, the report also includes some design ideas for cold and temperate climates," the report states.
    According to scientists, by 2050, high temperatures will become normal for most cities on the planet. Experts call them 'heat islands'.
    When adapting to new climatic conditions, the construction industry, which accounts for 38% of global hydrocarbon emissions, will play a significant role. UNEP experts are confident that after the COVID-19 pandemic, humanity needs to try harder to overcome social inequality, as well as actively invest in economic development that benefits the environment.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    China allegedly steals technology to increase global power
    Former Conservative Party Leader Sir Iain Duncan Smith has warned that Chinas "evil regime" is going to use any method at its disposal to increase its global power. He believes that China is currently using rather dubious methods to ensure it becomes a world leader in semiconductor technology.
    "China is busy stealing technology, getting other peoples intellectual property rights, and buying up companies," Duncan Smith said. China's government strongly disagreed with these allegations. Beijing immediately introduced sanctions against Iain Duncan Smith. "Some politicians have never produced any evidence for their repeated allegations about China's theft of intellectual property. In fact, China has never done what they accuse us of," Liu Pengyu, spokesperson of the Chinese Embassy in the United States, stressed.
    The UK lawmaker lashed out at China after the state-owned company acquired UK firm Newport Wafer Fab, a leading manufacturer of chips. At the beginning of July 2021, Chinese company Nexperia announced its intention to buy it. The UK authorities launched an investigation into this transaction as they were concerned about national security issues. However, later they refused to interfere in the situation.
    Notably, one can hardly turn a blind eye to the fact that within several years, Chinese firms supported by the government have acquired several European companies that produce semiconductors. In this regard, Beijing was accused of stealing intellectual property. The Chinese authorities always called such accusations groundless. "We have to judge whether the stuff that they are making is of real intellectual property value and interest to China, whether there are real security implications," Boris Johnson said.
    Chips are used to power everything from making household equipment to sophisticated missile systems. Importantly, they are currently in short supply. This is why many countries are trying to increase their production to ensure they have enough of them. The car industry is suffering the most from chips shortage. According to a study conducted by AlixPartners, in 2021, the automotive industry may lose $110 billion in revenue due to the shortage of semiconductors. At the same time, automakers will have to reduce the production of cars by 3.9 million, AlixPartners stressed.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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