There are very few moments in the history of a nation that manage to bring together people from all paths of life to demand radical change. The 2012 Delhi gang rape is certainly one.
It’s one of them because of what it meant across Indian society, and because of what it triggered, both domestically and abroad.
Imposing itself with all its ferocity, the story of 23-year-old trainee physiotherapist who was brutally gang-raped on a bus and left for dead, was undoubtedly India’s most covered story around the world in 2012. (more…)
Sharia governance has long been an area of concern in Islamic finance as the existing system used in most of the world raised questions about conflicts of interest with no standards for qualifications of scholars, no regulation of their financial interest in the companies they oversee and their appointment and payment by these companies.
February could go down as the month when the biggest changes in sharia governance for the Islamic financial industry began as the Central Bank of Kuwait governor Mohammad al-Hashel said that an independent entity was needed for sharia supervision. Later in the month Bahrain’s Waqf Fund, established by the Central Bank of Bahrain, proposed mandatory external sharia audits of Islamic financial institutions “to help strengthen compliance and improve the image of the industry”.
The proposals emerging from Kuwait and Bahrain are not necessarily incompatible with having sharia oversight independent of the regulatory bodies (CBK and CBB, respectively) and it does not necessarily indicate a shift towards a national or international sharia board that would attract criticism for potentially stifling innovation in the Islamic finance industry, as well as being challenging to reach agreement on the more contentious sharia issues such as the permissibility of commodity murabaha, and the trading of debt, among other questions. The proposals instead focus on identifying areas where some stakeholders are not comfortable that they are receiving a sharia opinion free of conflicts.
Subscribe to the IFG Community to discover how this shift could occur, as well as who it would directly benefit.
Almost half of Britain’s bankers and financial services professionals to receive 2013 bonuses were awarded more than the previous year, a survey showed this week. With the average payout rising by nearly a third, today’s graphic shows the change in bonuses in the top financial centers.
China’s got big plans for Beidou, its homegrown version of the GPS navigation system. Jane Lanhee Lee reports on the rise of a technology with both commercial potential and military applications.
As the violence in Venezuela continues to escalate, Reuters has provided strong multimedia coverage of the anti-government protests against Hugo Chavez’s successor, President Nicolas Maduro. Our coverage – including images of opposition leader Leopoldo Lopez’s arrest and the death of a local beauty queen, along with spot news coverage and multimedia features on violent crime – has won praise from both clients and competitors. In a Reuters Best: Journalist Spotlight Q&A, Andrew Cawthorne, Andean region bureau chief, offers a behind-the-scenes look at our coverage of the ongoing protests in Venezuela.
Q. What goes into covering a major political event like this? (more…)
By Ashley Lawson, Thomson Reuters
The Winter Olympics Closing Ceremony was over two weeks ago now, and the world’s attention has moved on to other topics. Still, we here at the Thomson Reuters Point Carbon Research team were inspired by the Winter Games in Sochi and are missing the daily action so we asked, what would an Olympics of carbon markets look like? So, in the spirit of international sport, er, climate action, we humbly offer you the 2014 Carbon Market Olympics.
Athletes may compete for speed, but markets usually compete for size. But, talking about the size of a carbon market is a bit tricky; it’s closer to judging figure skating than speed skating. You can measure a market in a few ways: How many emissions does it cover? How much allowance trading is there? What are all those allowances worth? They’re all valid comparisons so let’s go through them one-by-one. Think of each measurement as a different event in our Carbon Market Olympics. There are more competitors in this Olympics that you might think, but here we’re just going to go through the highlights reel. You’ll see frequent appearances by the EU ETS, Europe’s carbon market which has been in operation since 2005, California, which started its market last year, RGGI, a carbon market in 9 Northeast and Mid-Atlantic states since 2009, Guangdong, a Chinese province that just launched its carbon market in December, and the “Chinese pilots”, which refers to 7 separate trial markets, including Guangdong, that have begun in the last few months as a pilot system before a future national carbon market in China.
Market Cap (more…)
With the World Cup only three months away, Adidas and Nike are squaring up for a marketing battle as they vie for the title of market leader in the $5 billion plus soccer jersey industry. Today’s graphic compares the revenues and market share of the two sportswear giants.
As the world’s leading news and information company, we not only reach more than a billion people worldwide with our Reuters News coverage, but we also generate and consume news across all of the professions that we serve. For more insight on the importance of news across our business, we talked to several of our leaders to gather their thoughts on how we provide our customers with the news they need, when they need it, regardless of what profession they are in. Here’s what Andrew Rashbass, Chief Executive of Reuters, had to say:
“News matters. It holds politicians to account; it tells us how our taxes are spent; it enables efficient markets; and it satisfies our curiosity about the world around us. In short, news helps society to be free, prosperous and informed. With 2,700 journalists in over 200 locations around the world, Reuters produces more than two million stories, 680,000 pictures and 100,000 videos each year. Our news is viewed by over 1 billion people every day, including more than half a million professionals through our financial, legal and tax and accounting products.
Our customers value our knowledge, speed, accuracy, breadth, freedom from bias and, crucially, our ability to deliver the specific news and the insights they need to help them succeed.”
Check out our other stories on news: (more…)