Finance

Does the future of finance belong to blockchain or AI?

The finance industry has changed rapidly in recent years with the rise of fintech, around-the-clock banking, and contactless payments. But in the coming five years it is poised to change even faster with the rise of two powerful technologies, blockchain and artificial intelligence, which are already upending the sector.

Right now, AI is gaining the lion’s share of the hype and attention, and with good reason. Predictive learning models promise to remake not just financial infrastructure but large parts of our society and culture too. In a survey of how AI is changing finance, my Fortune colleague Ben Weiss cites

Finance

Apollo to Launch Private Fund in Asset-Based Financing Buildout

(Bloomberg) — Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.

Most Read from Bloomberg

The new fund marks a move by one of the world’s largest alternative asset managers to expand its more-than-$100 billion platform for asset-based financing by tapping external investors directly, according to a person familiar with the matter who asked not to be named because the matter is private. The vehicle stands to climb to more than $5 billion in size,

Finance

MPs to grill top City firms on sexism in the finance sector

City of London commuters (AFP via Getty Images)

City of London commuters (AFP via Getty Images)

MPs are set to grill top City firms on their lackluster efforts towards gender equality, launching a new inquiry into sexism in the UK finance sector.

The committee is today calling for evidence “on the barriers faced by women in financial services”.

Among the topics to be covered will be the gender pay gap, sexual harassment and the roles of the Government and regulators in acting as “gender equality role models”.

The committee examined the same topic in 2018, and hopes the new review will uncover whether there has been sufficient progress

Finance

Western Canada: Alberta’s new finance minister will need all the help he can get

Good morning, Mark Iype in Edmonton today.

It has been a busy week in Alberta politics as we head toward Canada Day. There was talk of political interference in the murky hiring and un-hiring of former provincial chief medical officer of health Deena Hinshaw at the start of the week and rustling from the right flank of the United Conservative Party by Take Back Alberta and its leader Dave Parker at mid-week. By Thursday, all eyes turned to the province’s newest Finance Minister, Nate Horner.

Exactly one month after the UCP led by Premier Danielle Smith won a second consecutive

Finance

Finance barriers are hurting Global South’s climate transitions | Climate Crisis

In East Africa, start-up company Ampersand Solar has a plan to transition millions of “boda boda” taxi drivers to cheaper, cleaner electric motorcycles.

In Nigeria, energy company Phoenix Edison is ready to build the country’s first waste-to-energy project, reducing municipal waste and carbon emissions.

In Kenya, fertilizer maker Safi Organics is converting local biomass waste into fertilizers and is aiming to provide farmers with income from carbon credits.

These projects are proven and ready to grow. They will create jobs, reduce emissions and promote sustainable development. But they and many similar business ventures around the developing world are struggling to

Finance

Brain Food – JennifersKitchen

The brain is the most complex organ of the human body. It’s also a very hungry organ. The brain gobbles up about 20 percent of your daily calorie intake. And research shows that the food we eat directly affects the structure and function of our brain.

But can certain foods actually improve memory, help us concentrate, make us more intelligent, and help us think more clearly?

Research says positively yes.

We can make our brains work better simply by feeding them the right foods. Here, some smart foods to add to your meals this week.

The Brain Diet

Fruits

Fruit

Finance

Rethinking Climate Finance for the Developing World by Kenneth Rogoff

For decades, rich countries have urged developing countries to shift away from fossil fuels while failing to heed their own advice or offer meaningful funding. Kenyan President William Ruto’s recent call to establish a new “global green bank” is the sort of thoughtful proposal that developed countries must seriously consider.

CAMBRIDGE – Speaking to the Financial Times at the June 22-23 Summit for a New Global Financing Pact in Paris, Kenyan President William Ruto called for the establishment of a “global green bank” that would assist developing countries in mitigating the effects of climate change without further exacerbating their already-unsustainable

Finance

Why I Don’t Eat Mushrooms

Mushrooms are commonly eaten among vegans and non-vegans alike, but many feel that mushrooms are not suitable for food. Below are a few of the reasons that I personally choose not to eat mushrooms.

(Note: Before anyone starts jumping on their keyboards to chastise me for posting this article, please note that these are my personal reasons for not eating mushrooms. I am not telling you that you cannot eat mushrooms. You are entitled to your personal preferences just as I am entitled to mine.

If you are offended by my personal decision concerning what I eat, then . .