MarketLine Blog

Posts written in June 2019

Government rejects proposals to tackle environmental impact of fast fashion

MarketLine

In June 2018 the Environmental Audit Committee (EAC) launched an inquiry into the sustainability of the fashion industry. The aim of this was to identify the ways in which the fashion industry can alter its practices to be both prosperous and sustainable. The report, published in February 2019, did just that. Had the proposals been accepted, the cost to the fashion industry would have probably been substantial due to the scale of environmental damage that has arisen from throwaway fashion. According to data submitted to the Environmental Audit Committee (EAC),… Read more

Alphabet X-Wing: Project Wing intensifies competition in a crowded drone delivery market

MarketLine

Project Wing aims to develop technology which makes the tracking and delivery of goods cheaper, faster and more sustainable than ever before. The project has developed an unmanned aerial vehicle with the ability to deliver packages to homes autonomously. This particular drone delivery service has a number of benefits associated with it in comparison alternative to traditional postal delivery. Transport times are quicker and are possible through bypassing traffic congestion reduces delivery times and helps reduce the volume of traffic on the roads. With less traffic and zero emissions, drone… Read more

Mini-BOTs: Italy’s idea to overcome debt might be proved more complex than it seems

MarketLine

The Italian government is considering of paying their tax cuts and aggressive spending by issuing mini-Bots. These would be small (euro) denomination, non-interest-bearing Treasury bills in the form of bearer securities that would be secured by tax revenues. Consumers would use mini-BOTs as a tax payment, provided they move beyond policy ideas into reality. Businesses or consumers could pay other businesses via transfers from account to account or hand to hand would not be subject of the EUR3,000 ($3,372) legal limit on cash payments within Italy, and last from the… Read more

Credit Agricole first quarter losses: Results fall below expectations

MarketLine

Crédit Agricole profits were below expectations in the first quarter, despite a better than forecast performance in its investment banking arm. The share value dropped as investors looked forward to a strategy update due in June. Citi Group claimed that the miss by Credit Agricole was mainly due to higher costs and higher taxes, with revenues broadly in-line and better provision in addition with a higher than expected contribution to the EU Single Resolution Fund during the quarter. Net income fell by 11% to EUR763m ($856m) missing analysts estimates alongside… Read more