A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but the report says, that the system should be able to absorb the impact.
Australia and New Zealand Banking Group Ltd (ANZ) said it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030, as the lender looks to accelerate its transition to net zero. Part of the amount will be used for initiatives, which include facilitating concessional loans for businesses to buy energy-efficient equipment, and financing construction of energy efficient large-scale office buildings. Australia’s fourth-largest bank also said it would reduce exposure to its largest carbon-emitting customers that do not improve their emission transition plans by 2025.
SK Telecom (SKT) announced that it had signed a memorandum of understanding (MOU) with Singapore-based communications technology group Singtel, to jointly grow the metaverse business in countries where the group operates in, starting with Singapore.
In partnership with attention metrics provider Adelaide, The Trade Desk is now offering high attention inventory to advertisers. Attention — often based on reactions of opt-in panels to ads — is now competing with viewability as a valued attribute, and is being used to complement contextual metrics. Attention has been used in the past to test ads once they have been published; now it’s entering the pre-bid space.