Our Scans · (FS.8.02) Future Of Trades · Weekly Summary

• [New] Google plans to invest $1 billion in digital connectivity for North Pacific Connect, which expands the Pacific Connect Initiative, with NEC, to improve digital communications infrastructure between the United States, Japan, and Pacific Island Nations. The White House
• In an era where technology and digital connectivity are deemed crucial, escalating trade wars could disrupt the global supply chains and impact the procurement and management of telecom assets. Field Squared
• While regulators have been slow to enact crypto-asset regulations, the SEC's recent approval of a spot bitcoin exchange-traded fund has provided some clarity for investors and will likely attract billions more into the digital currency as a result. AOL
• Ambassador Tai appreciated India's extensive consultations and noted that India's approach of enhancing data protection, privacy and security while enabling connectivity will support further expansion of the bilateral digital trade. United States Trade Representative
• The rise of alternative reserve currencies, particularly China's digital yuan and potential multi-nation currency blocs, could reshape global trade and finance. Modern Diplomacy
• Bangladesh can invest in digital literacy training, particularly targeting rural areas and marginalised groups to bridge the digital divide to ensure that every worker has a chance to waltz with the gig economy's potential. The Daily Star
• The Digital Yuan has the potential to reshape the global financial landscape, offering new opportunities for international trade and cooperation. NERDBOT
• In the realm of the Digital Economy, Singapore envisions a landscape where businesses are encouraged to invest in technology and talent, driving growth beyond national borders. OpenGov Asia
• The World Bank has announced an investment pilot scheme with the WTO to help developing countries ensure they have the digital infrastructure to make the most of opportunities in digital trade. British Chambers of Commerce
• Organizations worldwide are preparing to flesh out their AI digital transformation strategies, investing heavily in integrating AI technologies into their business model and upskilling and reskilling their workforce to harness its full potential. ELEV8
• Businesses that make investments in digital transformation, talent development, and manufacturing skills will be better able to meet the increasing demand for air travel and tackle global issues. Aerospace n Defence Review
• General Mills is ready to unleash the growth potential of its carefully constructed digital capabilities, including e-commerce, data-driven marketing and supply chain digitization, in which it has made significant investments over the past five years. FoodNavigator-USA.com
• Investments in digitalization and global business services aimed at driving out unnecessary costs and enhancing operational efficiency are expected to positively influence the company-s cost structure and margins. Simply Wall Street Pty Ltd.
• The exchange of cryptocurrencies via blockchains has opened up unprecedented opportunities for investing and digital transformation, promising a new era of efficiency and expanded access for the global financial system. American Banker
• Centralized exchange development has not only revolutionized the way we transact and invest in digital assets but has also opened up a world of opportunities for traders, investors, and blockchain enthusiasts alike. CryptoNiche
• As the world increasingly embraces digital currencies, it's essential to explore the potential of cryptocurrencies and understand their role in shaping the future of online trading. Brakpan Herald
• US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond, reports Bloomberg. Reason.com
• The Securities and Exchange Commission on Wednesday granted approval to spot bitcoin exchange-traded funds, or ETFs, backed by Wall Street, a key regulatory step expected to drive significant investment in the digital currency. Yahoo Finance
• Substantial investment will continue to flow into Africa's energy sector ventures and minerals and metals crucial to the global energy transition and digital transformation. ALN
• Countries are sovereign and that governments must oscillate between meeting Washington's demands and creating opportunities for investment in telecommunications and digital transformation. Nation World News
• By 2027, investments in digital transformation are estimated to reach $3.9 trillion (£3 trillion) worldwide with the Europe, Middle East, and Africa region expected to deliver 26.8% of global digital transformation spending in 2024. Consultancy.uk
• In Thailand, we can see over 500 companies and organizations in the carbon-neutral group that are expected to use a common digital platform for the direct trading and exchange of carbon credits. STACS Network

Last updated: 18 April 2024