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…)
“By using-or abusing- the term ‘failed bank’ we are able to mask what is almost always a monumental fraud. But it is a deliberate act of prestidigitation.”- Sanusi Lamido Sanusi
Sanusi Lamido Sanusi is outspoken by central banker standards; the quote above comes from a university convocation lecture in Nigeria in 2010 (PDF). The consensus opinion is that his ousting last month was a politically motivated result of his anti-corruption drive in Nigeria. His time at the Nigerian central bank—he was appointed in 2009 as the Nigerian banking system was on the verge of collapse—not only coincided with the stabilization of the banking system, but also the first tenuous steps towards allowing Islamic banking in Nigeria.
In the same speech where he lamented the use of “failed bank,” he said that ―it should be possible to have international, national, regional, mono-line and specialised banks such as Islamic banks in the country.
The first Islamic bank, Jaiz Bank, opened in 2012 and South Africa-based Standard Bank operates an Islamic window in Nigeria. On the capital markets side, the state of Osun issued the first Nigerian sukuk and other banks have expressed interest in Nigeria for expansion of their Islamic banking franchises.
Sanusi’s Islamic finance ambitions for Nigeria and Africa (more…)
This winter has been among the worst for many parts of the United States, pummeling the winter-weary midwest and northeastern U.S. with snow. Today’s graphic shows the daily totals for nation-wide snowfall as well as a map highlighting the regions that were hit the hardest.
On Monday evening, several of our leaders gathered in New York City for the Fire Starter Awards Dinner, an annual event celebrating individuals who have sparked lasting change for gender equity. Leaders from companies such as Bank of America and Time Warner were hosted by CNN’s Rosa Flores, who was MC for the evening. The awards are held by Re:Gender, formerly the National Council for Research on Women, which works to end gender inequity and discrimination against girls and women by exposing root causes and advancing research-informed action. (more…)