Alibaba misses revenue estimates as e-commerce growth slows, regulatory crackdown persists
Aug 3 (Reuters) – China’s Alibaba Group Holding Ltd (9988.HK), missed analyst estimates for first-quarter revenue on Tuesday, as its e-commerce business was hurt by rising competition from smaller players such as JD.Com Inc (9618.HK) and Pinduoduo Inc (PDD.O). Alibaba’s results mirror those of e-commerce giant Amazon.com Inc (AMZN.O) in the United States, as the easing of pandemic-related restrictions has led […]
Analysis: Beyond security crackdown, Beijing charts state-controlled data market
China’s sweeping regulatory action against internet giants such as ride-hailing firm Didi Global Inc, which has sent chills through the industry, is part of a broader national project to create a domestic marketplace for the country’s vast troves of big data.
Explainer: The regulatory and legal headwinds facing Robinhood
WASHINGTON, July 1 (Reuters) – Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported regulatory risks in its long-awaited initial public offering filing. Amid an increasingly hostile climate in Democrat-led Washington, Robinhood’s growing regulatory attention could be a turn off for some potential investors. […]
Nomura, UBS, UniCredit fined 371 mln euros over bonds trading cartel
Italy’s UniCredit (CRDI.MI) said it would appeal to the European Courts and UBS (UBSG.S) said it was considering doing so after EU antitrust regulators handed out fines totalling 371 million euros ($452 million) in connection with a European government bonds trading cartel.
The social cost of carbon and inequality
The social cost of carbon is a monetary metric for the damage caused by the emission of an additional tonne of CO2. Previous literature has shown that accounting for inequality between countries significantly influences the social cost of carbon, but mostly omits heterogeneity below the national level. Using a model that features heterogeneity both between and within countries, this column demonstrates that climate and distributional policy can generally not be separated. In particular, it shows that a higher social cost of carbon may be called for globally under realistic expectations of existing inequality.
