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Diario actualizado de economía y finanzas - International Journal of Economics & Finance    27 de enero de 2023

EMF in English

Shiba Inu (SHIB) and Ethereum (ETH) Price Set To Surge in 2023; Orbeon Protocol (ORBN) forecasted for 60x returns

· Where does the real value lie in 2023?

Could the new trading platform Orbeon Protocol (ORBN), currently in Phase 3 of its presale, really deliver 6000% returns as analysts have predicted? Or are established players like Shiba Inu (SHIB) and Ethereum (ETH) set to surge in the new year, offering a similar or even better profit? Read on for detailed analysis and predictions.

· By Jack Holmes, Artemis’ fixed income manager

Jack Holmes, Artemis’ fixed income manager.
Jack Holmes, Artemis’ fixed income manager.

2022 was a tough year for the high yield market as the stickiness of inflationary pressures became apparent and central banks rushed to tighten monetary conditions. European high yield had the additional pressure of an energy crisis and worries around gas shortages over the winter period.

Simon Edelsten, Artemis’ global equities manager.
Simon Edelsten, Artemis’ global equities manager.

The US will lead in 2023; Asia could surprise…

· World economies continue to face multiple challenges

Artemis’ global equities manager, Simon Edelsten, thinks the US will improve fastest, with Europe and the UK lagging – and maybe some good news from Asia.

  • Inflation may continue to rise
  • Stockmarkets will remain volatile – but offer opportunities
  • Markets need stable interest rates – so the US looks more appealing
  • Markets are underestimating the fall in profit margins
  • The US recession should be mild
  • European manufacturers will struggle with higher energy costs
  • Asia could be the surprise for 2023
The 20th Central Committee of the Communist Party of China (CPC) holds its first plenary session at the Great Hall of the People in Beijing, capital of China, Oct. 23, 2022. (Xinhua/Li Tao)
The 20th Central Committee of the Communist Party of China (CPC) holds its first plenary session at the Great Hall of the People in Beijing, capital of China, Oct. 23, 2022. (Xinhua/Li Tao)

· The following is the full text of the communique of the first plenary session of the 20th Central Committee of the Communist Party of China

Communique of the First Plenary Session of the 20th Central Committee of the Communist Party of China. (Adopted at the First Plenary Session of the 20th Central Committee of the Communist Party of China on October 23, 2022). The first plenary session of the 20th Central Committee of the Communist Party of China (CPC) was held in Beijing on October 23, 2022.

CPC Congress

'Chinese modernization' written into key CPC congress report

· Chinese modernization, a key term defining China's journey to rejuvenation, has for the first time been written into a report to the national congress of the Communist Party of China (CPC), the world's largest Marxist governing party

In his Sunday report to the 20th CPC National Congress, Xi Jinping, general secretary of the CPC Central Committee, underscored the "central task" of the Party, calling for efforts to advance the rejuvenation of the Chinese nation on all fronts "through a Chinese path to modernization." The Chinese have never been so close to, confident in, and capable of achieving the goal of rejuvenating the Chinese nation, according to the report, which laid out main objectives and tasks for the next five years and beyond.
The Lithuanian spearhead

· By Julio Rios

Will the controversial Vilnius-Beijing-Taipei triangle become a square that includes Brussels? It is known that recently Lithuania has promoted unusual diplomatic actions that have significantly affected the normality of its relations with the People's Republic of China. It is also known that Taiwan is a sensitive matter that must be handled with special care and within the framework of the recognition of the principle of one China - a keystone that precedes the establishment of normalized diplomatic relations. That Vilnius has promoted a different approach in its relationship with Taipei, ignoring Beijing's requirements is not only a problem in its relations with China, Lithuania's viewpoint also takes it away from the majority position in the European Union. Lithuania has done this unilaterally, without consulting its allies, but warned of the consequences of its actions, Vilnius has received the solidarity of the EU countries and the community institutions.

Carrat launches the first smart bracelet that allows you to always be safe

· Carrat is launching its safety bracelet collection that contacts your loved ones in case of danger

To make this idea come true, CARRAT will launch a collection of bracelets on Kickstarter on the 30th of August 2022– click here to pre-order a bracelet. Born from the accumulation of many negative experiences around personal safety in our everyday life. CARRAT wanted to create a bracelet that allows everybody to feel safe and protected in case of danger.

How will Russia's gas shutoff affect the EU economy?

· By Oliver Reynolds, Economist

In our latest insight piece, we examine the likely impact of Russia’s decision to suspend gas supplies via the Nord Stream 1 pipeline. In early September, Russia announced that it would keep the Nord Stream 1 gas pipeline to the EU closed until sanctions are lifted. As the lifting of sanctions appears off the table, this implies that the EU will be without a large chunk of Russian gas supply this winter. The impact on the EU economy will be twofold. First, Russia’s decision will keep gas prices high in the coming months—prices are currently around four times higher than a year ago—and likely weigh on the euro, dampening households’ purchasing power and consumption. Second, the move raises the risk of energy rationing this winter, which could have a significant impact on industrial output.

ELECTRIC BOATS

Polestar and Candela join forces to make electric boats mainstream

· The Swedish electric car maker Polestar will provide battery and charging systems for Candela’s highly efficient flying boats

The battery deal will enable Candela to scale up production swiftly, bringing mass-market electric boats one step closer to reality. In a watershed moment for electrification at sea, the two Swedish companies Polestar and Candela have ventured into an agreement where Polestar will supply the battery and charging systems for Candela’s revolutionary hydrofoiling speedboats. The deal lets Candela tap into state-of-the art automotive battery technology and scale up production of its best-selling electric boats.

CRYPTOCURRENCY HAS BEEN BEARISH

Number of New Addresses on the Ethereum Network Records a 62.98% Decline Since the Beginning of the Year

· The on-chain activity of Ethereum (ETH), the second-largest crypto by value, is declining

TradingPlatforms.com established that new addresses on Ethereum Network recorded a 62.98% decline since the beginning of the year. In January, the number of new addresses on the Ethereum Network was 3.08 million. Comparatively, the number of new addresses on Ethereum by August 16 stood at 1.14 million.

PR: 60% of Digital Products Consumers Expect to Trade NFTs in the Next 3 Years

· "NFTs are becoming increasingly popular as people look for alternatives to traditional asset classes," explained CryptoMonday CEO Jonathan Merry. He added, "They offer investors a way to diversify their portfolios and a new way to interact with content and experiences online."

According to a CryptoMonday analysis, the popularity of NFTs is surging, and many believe that they will play a significant role in the future of the digital economy. The site has concluded that 60% of digital consumers expect to buy, transfer or sell NFTs in the next three years. It drew its conclusions by studying data from a Digimentality 2022 survey targeting 3,000 respondents.

EXPANDING TO POLAND

Grzegorz Korzeniowski, Country Manager in Poland.
Grzegorz Korzeniowski, Country Manager in Poland.

· iLOQ, a provider of digital access management solutions, will continue to fulfill its growth strategy by expanding to Poland

Founded in Finland in 2003, iLOQ currently has sales offices in 9 countries throughout Europe, operations in Canada and a partner network around the world. Adding Poland to its portfolio continues to fulfill the Company’s growth strategy and allows iLOQ to introduce the benefits of its battery-free digital-locking and mobile-access-sharing technology to a new market.

EIB and Ginkgo expand cooperation to promote blue and green infrastructure projects in the European Union under the Natural Capital Financing Facility

· Ginkgo III recently reached final closing at €367.5 million with a €30 million commitment from the European Investment Fund and a very promising pipeline of projects

The European Investment Bank (EIB) has granted a €15 million loan under the Natural Capital Financing Facility (NCFF) for projects developed by the Ginkgo III Fund for green and blue infrastructure in brownfield regeneration projects. The loan will support both climate adaptation and biodiversity. Ginkgo III is the third fund developed by Edmond de Rothschild Private Equity in partnership with Ginkgo Advisor dedicated to sustainable brownfield remediation and redevelopment in Europe. The brownfield redevelopment of urban industrial sites is a process of remediation and redevelopment of contaminated land for mixed-use development projects such as affordable housing, other residential developments, and retail, office, leisure or cultural spaces.

· The subscription period in Prostatype Genomics AB’s (”Prostatype Genomics” or the “Company”) rights issue, in which the public was also given the opportunity to participate, ended on 20 July 2022

The rights issue was subscribed (including pre-subscription commitments) to a total of approximately 79.5 percent, meaning that a guarantee commitment of approximately 20.5 percent has been activated to reach a total subscription of 100 percent. Prostatype Genomics will thus be provided proceeds of approximately SEK 22.5 million before deduction of transaction related costs. Settlement notes are expected to be sent out today, 22 July 2022.

NEW ROLE

From left: Tetsuya Yamamoto, Chief Operating Officer (COO) and Representative Director of Yanmar Holdings; Peter Aarsen, Chief Executive Officer of Yanmar’s Energy System Business Unit.
From left: Tetsuya Yamamoto, Chief Operating Officer (COO) and Representative Director of Yanmar Holdings; Peter Aarsen, Chief Executive Officer of Yanmar’s Energy System Business Unit.

· Leading global energy systems provider, Yanmar Energy System Co., Ltd., has announced the appointment of Peter Aarsen as Executive Officer of Yanmar Holdings in charge of Energy Systems Business

In his new role, Aarsen will oversee Yanmar’s global energy system business. Peter Aarsen served as President of Yanmar Europe B.V., Yanmar’s European headquarters, from 2014. “I am looking forward to taking on this new challenge in the energy domain,” said Aarsen. “The sector is changing and I’m excited to be a part of the new solutions and growth opportunities that this provides.”

THE LARGEST CRYPTOCURRENCY CRASHING

Tesla Expected to Report $440M Impairment on its Bitcoin Stock

· The list of victims of the Bitcoin and cryptocurrency crash continues to grow daily

According to StockApps.com, the latest victim is Elon Musk's Tesla, which is expected to report a $440 million impairment on its Bitcoin stock. According to StockApps financial analyst Edith Reads, “Tesla isn't the only one feeling the pain from the Bitcoin crash. Several companies that have converted part of their treasury into Bitcoin are taking big hits to their bottom line. The list includes MicroStrategy, whose Bitcoin investment lost over a billion dollars. The company had 129,218 bitcoins on its balance sheet, purchased at a value of $3.97 billion. However, that value has melted down to $2.895 billion.”

The full story and statistics can be found here: Tesla Expected to Report $440M Impairment on its Bitcoin Stock

Great Game for Entertainment

Siete Facts About Free Slots Your AU Teachers Wouldn't Tell You

· Because of technological advances, you no longer have to travel to a traditional casino to participate in your casino game of choice

Instead, you may play your preferred casino game online and no deposit free spins Australia 2022. You have access to and may participate in playing any of your favourite casino games, including slot machines. The fact that these games are played online does not make them challenging to play. The user interfaces of online casinos are designed so that even individuals with little to no prior experience with technology should have no trouble navigating them.

NATO formally invites Sweden, Finland in, bringing challenges to regional security

· The 2022 Summit of the North Atlantic Treaty Organization (NATO) opened Wednesday in Madrid amid mounting criticisms of the military alliance's aggressive security policy

Sweden and Finland were invited to join the alliance.

EMERGENCIES

5 Costs Associated With Car Accidents

· While your health is the most important thing to focus on after a car accident, there might come a time when your financial situation enters into the equation

Car accident-related costs can be expensive, and it might have crossed your mind that you’ll need to find a way to pay for them. Fortunately, car accident lawyers can fight for compensation from the responsible party to cover them. Often, they factor the following expenses into your demand letter.

TAIWAN

RSF calls on WHO to open its events to Taiwanese journalists

· Reporters Without Borders (RSF) urges the United Nations to stop its discriminatory practices against Taiwanese journalists, notably at the World Health Assembly

Taiwan’s media outlets, including the press agency Central News Agency (CNA), were again barred from the events of the 75th World Health Assembly held in Geneva between 22nd and 28th May 2022. On several occasions, the United Nations (UN) and its offshoot World Health Organisation (WHO), bowing to Chinese pressure, turned down requests for press accreditation from Taiwanese nationals and media on the pretext that Taiwan and its passport are not officially recognised.

Bank Pekao: the banking sector is prepared to co-finance green investments in Poland

· In the next few years, the expenses related to green transformation, which make it possible for Poland to meet the climate targets of the European economy, may reach even PLN 100 billion annually

(Source: PAP MediaRoom).- Such a huge challenge is impossible to undertake without the involvement and determination of the entire banking sector, as Jerzy Kwieciński, Vice President of Bank Pekao S.A., argued during the World Economic Forum in Davos. “The role of financial institutions in the energy transition” was the topic of the expert panel organised at Polish House. During the World Economic Forum, the red and white building became a venue for meetings and discussions on key issues from the perspective of Poland as well as Central and Eastern Europe. According to all panelists, the urgency of immediate dependence on resources from Russia and switching the whole economy to the “green track” is now the most significant challenge, but also an opportunity for our region.

Chickey Chik NFT launch referral program powered by Gamepay Marketplace

· Registered Gamepay customers can start earning from Chickey Chik by referring their friends and family. The program rewards referrers with a lucrative 20% commission in USDT on purchases

In the lead-up to the much-anticipated pre-sale of Chickey Chik NFTs, registered Gamepay users can access their referral code from the Gamepay site and start sharing their unique referral link straight away. The Gamepay marketplace is the first of its kind for blockchain-enabled NFT play-to-earn games. It is the ideal destination for creators, developers, gamers, and the wider community to get a stake in the emerging metaverse. Gamepay marketplace offers all the capabilities of other exchanges with added benefits.

Davos 2022: Poland's energy sector requires investments of at least PLN 1.3 trillion by 2030

· The Polish energy sector calls for PLN 1.3 - 1.7 trillion of investment by 2030. Such an effort is comparable to the reconstruction of Poland after World War II - argues Paweł Strączyński, Vice-President of Finance at Pekao S.A.

President Strączyński participated in the panel discussion “European Energy Diversification: How alternative sources, routes, and clean technologies can bolster energy security”, which was held at the Polish House during the World Economic Forum in Davos, Switzerland. In his opinion, low- and zero-emission projects are the future of the Polish energy sector. He believes that the Polish energy sector requires investments of PLN 1.3 to 1.7 trillion by 2030. This effort can be compared to the reconstruction of Poland after World War II.

TIMELESS DESIGN WITH THE LATEST INNOVATIONS

RGNT Motorcycles chooses Telenor IoT to scale their connectivity solutions

· RGNT Motorcycles is an ambitious Swedish electric motorcycle manufacturer that aims to combine the latest innovations with timeless design

Launched in 2019, RGNT’s handmade motorcycles were borne out of founder Jonathan Åstrom’s desire to silence the streets in the west and reduce toxic emissions. With Telenor IoT’s connectivity service, RGNT can deliver GPS and OTP (one time password) functionality, automatic software and design upgrades, and security to their customers while maintaining style and speed. With the goal to connect 10 000 vehicles, starting with 500 in 2022, RGNT was looking for a scalable solution for their geographical coverage needs, as well as security and low supervision to maintain fleet control.

MISLEADING ADVERTISING THAT HAS CAUGHT HUNDREDS OF CUSTOMERS

Cryptocurrency scam using the image of celebrities

· The blood reached the river on February 5 in the program "Todo Es Mentira" (TEM) directed and presented by Risto Mejide, and during which he put between a rock and a hard place the company that defrauds its customers using of the image of celebrities such as Leo Messi, Florentino Pérez, Pablo Motos or Risto Mejide himself

The scam, denounced by the presenter himself throughout the program, has already been brought to the attention of the Justice through various complaints from those affected and scammed, where criminal complaints are being processed against the company Royal Forex Ltd. for the alleged commission of the crimes of aggravated fraud and misleading advertising. There are approximately a hundred affected by a fraud that can reach several million euros. Risto Mejide stated in the live program that it is not only "a scam that involves him personally" because he uses his image and that of other celebrities to commit the scam, but also that various followers contact him yours to collect information about "how to become a millionaire". According to the popular presenter, the facts would have already been warned by the National Cybersecurity Institute and classified as "fraud" by the Internet Security Office.

Credit Libanais partners with Codebase Technologies and VISA to empower the unbanked population with a first-of-its-kind in Lebanon, instant full eKYC onboarding mobile application to apply for a virtual prepaid card

· Credit Libanais has partnered with VISA, the world leader in digital payments, and Codebase Technologies to develop a frictionless, omni-channel onboarding experience for customers looking to acquire virtual prepaid cards

This initiative comes at a time when over 6 million Lebanese are struggling from utilizing their debit and credit cards for purchases made abroad and online. Credit Libanais, worked closely with the Lebanese Central Bank to get the approval on the first digital prepaid eKYC by a Lebanese bank, paving the way to offer the unbanked population a fully digital channel via a mobile application to instantly apply for a virtual prepaid card allowing people across Lebanon a quick and digital solution for international and online payments.

INMEDIATE STALL

Russian invasion causes flight bookings to stall, especially to Eastern Europe

· The latest data from ForwardKeys reveals that Russia’s invasion of Ukraine caused an immediate stall in flight bookings to Europe and within Russia domestically

In its second public analysis since the outbreak of war, ForwardKeys compared flight bookings in the week following the invasion, 24thFeb – 2nd Mar, to the previous seven days. Excluding Ukraine and Moldova, which closed their air space, and Russia and Belarus, which were subjected to flight bans and safety warnings, the destinations worst affected were generally those closest to the conflict. Bulgaria, Croatia, Estonia, Georgia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia all saw a 30% - 50% collapse in bookings. All the other European countries, except for Belgium, Iceland, and Serbia, which saw single digit drops, experienced a decline in bookings between 10% and 30%. Domestic flight bookings in Russia fell 49%.

HAS GOLD LOST ITS LUSTRE?

Gold: too low for too long

· Heavy inflation. War in Europe. Interest rates close to rock bottom. And yet the price of gold is around 5 per cent below its all-time high of August 2020. Has gold lost its lustre? Is it no longer considered a ‘safe haven’? Such a conclusion would certainly be premature

First, central banks seem to have convinced the general public that the recent surge in consumer goods price inflation will be temporary. While it may last a little longer than originally thought, central bank councils keep saying it will return to normal sooner or later. As people buy this story, they do not reduce their cash holdings by, for instance, exchanging their cash for gold and silver, so actual inflation leaves the prices of these precious metals relatively unaffected.

Rocker launches Rocker Touch, first biometric payment card in Sweden

· The Swedish banking challenger Rocker is teaming up with IDEMIA to launch biometric payment cards. With fingerprint sensor from IDEX Biometrics, Rocker becomes first in Sweden and one of the first in the world to deploy biometric cards to consumers

As a bank challenger, we are constantly testing new technology to develop smarter financial services that are easier to use and that help our customers improve their everyday financial lives. Launching Rocker Touch is part of our strategy to offer smart and secure payment solutions across platforms, whether you wish to pay with your mobile, a card or with a transfer”, said Andreas Norberg, VP Save & Spend at Rocker.

Visitors view the exhibition area of China's Huawei during the Mobile World Congress (MWC) in Barcelona, Spain, Feb. 28, 2022.  (Xinhua/Zheng Huansong)
Visitors view the exhibition area of China's Huawei during the Mobile World Congress (MWC) in Barcelona, Spain, Feb. 28, 2022. (Xinhua/Zheng Huansong)

· The industry is looking at 2022 as the year in which the sector will be relaunched, following the cancellation of the 2020 MWC due to the COVID-19 pandemic, and 2021's scaled-down event

BARCELONA (Xinhua) -- The 2022 edition of the Mobile World Congress opened its doors on Monday, for a four-day event that is expected to host between 40,000 and 60,000 people. The Congress will shine a spotlight on the future of the global telecommunications industry, presenting new technology and hardware.

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