NEWS

Mastercard expands consulting with practices dedicated to crypto, open banking and ESG

Category: Accounting / Financial

To help businesses evolve and supercharge their growth enterprise-wide, Mastercard has announced that it is expanding its preeminent payments-focused consulting service with new practices dedicated to Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG). Read full article.

Source: Mastercard

Norway Wealth Fund Calls on Companies to act on Climate

Category: Accounting / Financial

Norway’s $1.3 trillion sovereign wealth fund will ask many of the companies in its portfolio to take more specific action on climate change, its head of governance and compliance said. Companies faced calls at the United Nations COP26 climate summit in Glasgow, Scotland this month to lay out plans to achieve net zero carbon emissions to help […]

Source: Reuters

130 countries and jurisdictions join bold new framework for international tax reform

Category: Accounting / Financial

130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

Source: OECD.org

Published: May 7, 2021

Norges Bank Sees Rate Hike in September Amid Hawkish Shift

Category: Accounting / Financial

Norway’s central bank is preparing for a series of quarterly interest-rate increases after the summer, in a move that puts it ahead of most of the rich world in unwinding the crisis policies triggered by the pandemic. Norges Bank will “most likely” raise rates in September, Governor Oystein Olsen said in a statement on Thursday. […]

Source: BloombergQuint

Norges Bank Proves Its Hawk Status as Rate Hike Moves Closer

Category: Accounting / Financial

Norway’s central bank brought forward the timing of what will probably be the rich world’s first cycle of interest rate hikes since the pandemic broke out. The Oslo-based bank, which kept its main rate unchanged at zero on Thursday, as predicted, said it now expects to start raising its benchmark deposit rate in the “latter […]

Source: Bloomberg