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Beijing decries India’s ‘frequent’ probes after raid of phonemaker Vivo

Beijing has criticised New Delhi for launching “frequent investigations” into Chinese companies operating in India, after financial authorities raided Chinese mobile phonemaker Vivo over money-laundering allegations. India’s Enforcement Directorate, the finance ministry’s enforcement agency, said on Thursday that it had searched 48 Vivo locations and made seizures worth Rs4.7bn ($60mn) across 119 bank accounts. Vivo…
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7 July 2022 0

UK unveils biggest round of clean energy subsidies

UK has unveiled its biggest round of clean energy subsidies, including for 10 onshore wind projects, signalling a revival for a sector has been virtually banned in the UK in recent years. Subsidies, known as “contracts for difference” were also given for 7 gigawatts of offshore wind, and for new technologies such as floating wind…
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7 July 2022 0

XBRL News about consultations, verifications and narrations

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.  1  Support and suggestions for digital climate reporting at the SEC The US Securities and Exchange Commission (SEC) has now closed the comment period on its proposal on enhancing climate-related disclosures, which promises…
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7 July 2022 0

Waiting on Washington and China’s unwitting hackers

Hi everyone! This is Ting-Fang from Taiwan. I got a call over the weekend from a real estate agent who I interviewed a few months ago about the construction boom near Taiwan Semiconductor Manufacturing Co.’s planned chip plant in the southern Taiwanese city of Kaohsiung. The agent asked if I was interested in investing in…
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7 July 2022 0

Simpler Commercial Products Aid Digital Experience, Channel Growth

Digital embedded insurance propositions are expected to be more of micro-insurance products with high volumes and low premiums. That necessitates cost of sale to be low and transactions to be automated. Examples are flight delay cover embedded into flight costs, purchase of a bag of seeds with inclusion of crop failure cover due to drought.…
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7 July 2022 0

Failure of US climate leadership compounds fears for COP27 summit

Big global emitters are calling into question the US’s commitment to tackling climate change, following legislative setbacks capped by the Supreme Court ruling against federal regulation of carbon emissions. With four months until the UN’s COP27 climate summit in Egypt, the US failure to implement its signature climate policies is weighing on the outcome of…
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7 July 2022 0

Amazon pins hopes on influencers to crack livestream shopping market

Amazon has stepped up plans to crack the QVC-style livestream shopping market as the $1tn ecommerce giant aims to replicate the success of social media rivals in an attempt to revive flagging online sales. The group has been increasing investment in Amazon Live, a platform it quietly launched in 2019 but is now a central…
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7 July 2022 0