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The news of PayPal\u2019s entry into the crypto market comes from \u201cthree people familiar with the matter<\/a>\u201d. <\/p>\n\n\n\n These sources claim that: \u201cThey are going to allow buys and sells of crypto directly from PayPal and Venmo. They are going to have some sort of a built-in wallet functionality so you can store it there.\u201d<\/p>\n\n\n\n Another source shed more light on the timeline, stating that: \u201cthe service could be expected in the next three months, maybe sooner.\u201d<\/p>\n\n\n\n PayPal has not yet commented on these plans.<\/p>\n\n\n\n <\/p>\n\n\n\n The last week in June showed another uncertain time for the global stock markets. This was partly due to the International Monetary Fund\u2019s<\/a> worsened outlook on the global economy, projecting a 4.9% decrease in global GDP\u2014down 1.9% from its April forecast.<\/p>\n\n\n\n Stocks in the USA plummeted<\/a> further due to the US\u2019 highest daily infection rate to date and subsequent fears of reinstated lockdowns.<\/p>\n\n\n\n On a more positive note, the European markets showed the slightest of growth<\/a> in spite of the IMF\u2019s projections of a longer recession.<\/p>\n\n\n\n <\/p>\n\n\n\n The EU parliament has put forth 6 criteria for sustainable investments. If any 1 of these 6 objectives are met, economic activity will be labelled as environmentally sustainable, provided it doesn\u2019t harm any the other objectives. This will act as incentive for companies to make the transition to invest in green, sustainable practices. It will also support job creation and help to avoid \u2018greenwashing\u2019.<\/p>\n\n\n\n \u201cIt will be a game changer in the fight against climate change\u201d, said Sirpa Pietikainen<\/a>, lead negotiator for the Environment Committee. \u201cGreening the financial sector<\/a> is a first step towards making investments serve the transition to a carbon-neutral economy\u201d.<\/p>\n\n\n\n The EU Green Deal aims to have Europe carbon-neutral by 2050.<\/p>\n\n\n\n <\/p>\n\n\n\n On 23 June Markus Braun, former CEO of the now disgraced fintech giant Wirecard, was arrested on suspicion of false accounting and market manipulation. This comes after Wirecard announced on June 18 that \u20ac1.9 billion was missing. The day after, Mr. Braun resigned.<\/p>\n\n\n\n For years, Wirecard has been facing damning allegations<\/a>, but has swept them under the rug and managed to become one of the biggest fintech success stories in Europe. Since the initial shock announcement, Wirecard stocks have continued to plummet.<\/p>\n\n\n\n <\/p>\n\n\n\n The Abu Dhabi National Oil Company (ADNOC) has signed the largest energy infrastructure deal in the world for 2020\u2014a \u20ac18.4 billion contract for natural gas pipelines<\/a>. Of that amount, just over \u20ac9 billion will be a direct foreign investment for the UAE from the six-company consortium. The six companies are Global Infrastructure Partners from the US, Singapore\u2019s sovereign wealth fund GIC, Canadian Brookfield Asset Management, Ontario Teachers\u2019 Pension Plan Board, NH Investment & Securities from South Korea, and Italy\u2019s Snam.<\/p>\n\n\n\n \u201cAs part of the agreement, the consortium will acquire a 49% stake in a newly-formed subsidiary, ADNOC Gas Pipeline Assets, with lease rights to 38 pipelines. ADNOC will hold the majority stake of 51% and will retain ownership of the pipelines.\u201d<\/p>\n\n\n\nGlobal stocks dive after worsened IMF economic outlook<\/h2>\n\n\n\n
Green finance criteria a game changer in EU Green Deal<\/h2>\n\n\n\n
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Wirecard: No more wild-cards to play<\/h2>\n\n\n\n
ADNOC signs biggest energy deal of 2020<\/h2>\n\n\n\n
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