Tech startups from London attracted $25.5 billion in 2021, more than doubling their 2020 results. The UK capital surpassed all European cities in this indicator and in the world was second only to the US cities of San Francisco, New York and Boston. Experts attribute London's success to cooperation between lawmakers and the technology sector, as well as the city's accumulated talent pool. Venture...

Switching to green public procurement methods could cut global greenhouse gas emissions by 15 per cent, according to analysts at the World Economic Forum and consultancy firm BCG. "Greenhouse gas (GHG) emissions associated with government procurement account for 15 per cent of global emissions, seven times more than those from the aviation industry... A green public procurement approach could...

Almost 60% of oil and gas investors worldwide believe they are under pressure from clients to make their investment portfolios greener, according to a survey by international consultancy The Boston Consulting Group (BCG). "Almost 60% admitted to being pressured by clients to divest from fossil fuel investments," according to conclusions of BCG's 2021 Energy Impact Center (CEI) study, in which the...

After the internet shutdown in Kazakhstan and the adoption of laws against cryptocurrency mining, an exodus of miners from the country could begin. Cryptocurrency miners who migrated to Kazakhstan after a ban on mining in China may shut down their operations in the country after protests blocked the Internet and, consequently, up to 15 percent of the global Bitcoin network, CNBC reported. The...

US startups attracted a record $330bn in investment last year, nearly doubling the 2020 result. But venture capital market participants are already calling the surge unsustainable. Private equity firms in the United States raised a total of $329.8 billion in venture capital funding last year, nearly doubling the amount raised in 2020, the Financial Times said, citing PitchBook data. Venture...

According to Reuters, OPEC+ will continue to its agreement to raise oil production in February. In February, OPEC+ may increase output by 400,000 bpd, as it has done every month since August 2021. The remaining reduction would total 3.4 million bpd by the end of January. OPEC+ must resume production by the end of September, according to the agreement. OPEC+ reduced its 2022 oil surplus...

Saxo Bank admits monetary policy tightening by the world's major central banks in the near future due to the persistent nature of global inflation, Saxo Bank Denmark's investment director Steen Jakobsen said. "It is very likely that the major central banks will move into a cycle of rate hikes. And we certainly saw in December that the Bank of England was one of the first to start that process. So...

Between November 1 and December 24, retail sales in the United States increased by 8.5 percent over the same period in 2020 and by 10.7 percent over the same period in 2019. The Wall Street Journal reported this, citing statistics from Mastercard Spending Pulse, which measures Mastercard card sales. Experts estimate that this is the largest sales rise in this time period in the recent 17 years....

Venezuela has announced that the country's oil production has exceeded 1 million bpd. This is the highest since 2019, when the US put state oil company PDVSA on its sanctions list. Experts doubt that Caracas will be able to keep production at this level. Venezuela has announced an increase in oil production to its highest level since the US imposed sanctions on oil state-owned PDVSA in 2019. "We...