Banks Vote To Limit Emissions Of Bond And Stock Sales
Banks are collectively working to develop new global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these emissions from their own carbon footprint, sources indicated.
Asia Shares Up As China Extends Rally
Asian shares looked to end the month on a firm note today in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields posed a risk.
Oil Projected To Achieve Biggest Monthly Gains For The Year
Oil prices hovered near three-month highs today. It is estimated to achieve its biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply.
Today’s News
For 17 years, Twitter has donned the image of the iconic blue bird that symbolizes broadcasting ideas to the world. However, billionaire Elon Musk disagrees with the limitations of what it stood for and renamed it to “X” to represent “everything app”.
A stylized white X on a black background emerged on Twitter’s website shortly after this announcement, bidding farewell to the long-standing blue bird logo.
Musk envisions the app to potentially offer a variety of services to users, transcending beyond its social media-centric capabilities, such as peer-to-peer payments, an idea that mirrors the widely popular WeChat app in China.
Since the abrupt change, the new logo has continuously garnered mixed reactions from users, sparking confusion on how to address it even. Marketing experts also claimed that the rebrand is risking the years of recognition that was formerly established by Twitter and its representation of the blue bird.
Other related reports are as follows:
Giant X Logo Draws Heat
A giant glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company has caused a ruckus with city officials as some residents are extremely unhappy with its over-the-top display.
The company erected an “X” logo on the roof of its Market Street headquarters, to the chagrin of neighbors who complained about its intrusive lights. The San Francisco’s Department of Building Inspection said that investigations on the matter are in progress.
Musk Reinstates Kanye West’s Account
Social media platform X reinstated Ye’s account, the artist formerly known as Kanye West over the weekend, after it was suspended nearly eight months ago due to the violation of the platform’s rules which prohibit incitement to violence.
Ye’s account now shows his last post from 1 Dec, a day prior to the account suspension on platform X. Ye will not be eligible to monetize his account on X, and advertisements won’t appear next to his posts, the Wall Street Journal reported over the weekend, citing the social media platform.
Musk Claims New High On Monthly Users
Elon Musk said that the monthly users of social media platform X, formerly known as Twitter, has reached a “new high” and shared a graph that showed the latest count as over 540 million.
Musk’s post on X about the user figures comes as the company goes through organizational changes and looks to boost advertising revenue, which has dropped in recent months.
