Norway's Oil Fund Raises Alarm Over the 'Fragmentation' of ESG Reporting Standards
Norway's $1.7 trillion wealth fund is raising concerns about the fragmentation of ESG reporting standards. Managed by Norges Bank Investment Management, the fund stresses the importance of adhering to global standards set by the ISSB to maintain consistency and comparability in ESG criteria. This issue arises as different regions might adopt their own guidelines, causing confusion and inefficiency for investors.
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Kenya's PSC to Limit Civil Servants' Salary Advances to Safeguard Financial Stability
Kenya's Public Service Commission plans to cap salary advances to shield civil servants' payslips from excessive deductions, ensuring a stable income and reducing financial stress. This move is part of a broader strategy to improve public sector employees' financial well-being and economic stability.
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Ethereum Active Users Surge 55% and 2x Ether ETF Volume Impresses
The Ethereum ecosystem has experienced a remarkable increase in active users, reporting a 55% rise in the first quarter of 2024. This swell is largely driven by the Base ecosystem, which has attracted over 7 million new users since January. The 2x Ether Futures ETF has also shown impressive trading volume, indicating strong market interest and expectations of future spot ETH ETFs.
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