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Good technology, stodgy banks and soaring wealth make China a leader in fintech

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The age of the appacus

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Fintech in China

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Wind and solar power are disrupting electricity systems

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The age of the appacus

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SHANGHAI

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CHINESE banks are not far removed from the age of the abacus. In the 1980s they used these ancient counting boards for much of their business. In the 1990s many bank employees had to pass a basic abacus test. Today the occasional click-clack, click-clack can still be heard in villages as tellers slide their abacus beads up and down the rack.
But these days the abacus is mainly a symbol, more likely to be used in the branding of …
Source: Retailing
The age of the appacus: In fintech, China shows the way

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The renewables revolution is wrecking the world’s electricity markets. Here’s what to do

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Clean energy’s dirty secret

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Renewable energy

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Wind and solar power are disrupting electricity systems

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Clean energy’s dirty secret

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ALMOST 150 years after photovoltaic cells and wind turbines were invented, they still generate only 7% of the world’s electricity. Yet something remarkable is happening. From being peripheral to the energy system just over a decade ago, they are now growing faster than any other energy source and their falling costs are making them competitive with fossil fuels. BP, an oil firm, expects renewables to account for half of the growth in global energy supply over the next 20 years. It is no longer …
Source: Utilities
Clean energy’s dirty secret: Wind and solar power are disrupting electricity systems

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Wind and solar energy are disrupting a century-old model of providing electricity. What will replace it?

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A world turned upside down

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Renewable energy

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Wind and solar power are disrupting electricity systems

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Renewable energy

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WILDPOLDSRIED

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FROM his office window, Philipp Schröder points out over the Bavarian countryside and issues a Bond villain’s laugh: “In front of you, you can see the death of the conventional utility, all financed by Mr and Mrs Schmidt. It’s a beautiful sight.” The wind blowing across Wildpoldsried towards the Alps lazily turns the turbines on the hills above. The south-facing roofs of the houses, barns and cowsheds are …
Source: Utilities
Renewable energy: A world turned upside down

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Could the rise of renewables be putting the traditional electricity market into a crisis? Also: Economist Diane Elson takes governments to task about the gender biases in their economic policies. And how the Brazilian government is tackling one of its biggest financial problems: pensions.

20170222 12:10:11

Comment Expiry Date: 

Thu, 2017-03-09
Source: Utilities
Podcast: Money Talks: Clean energy’s dirty secret