Norway's sovereign wealth fund may have spared the majors when announcing it was pulling investments from a host of oil and gas producers, but the move will still reverberate in the boardrooms of energy heavyweights like BP and ExxonMobil.
Posts tagged as Norway
OSLO: Norway is about to decide whether to let its US$1 trillion sovereign wealth fund dump all its oil and gas stocks. After more than a year of closely held deliberations, the Finance Ministry is set to reveal whether its massive fund will be allowed …
Oil prices sold off on Friday on weak data from China, poor jobs figures in the U.S., and news that Norway's sovereign wealth fund was divesting from the oil sector.
How much a population saves plays a crucial role in a country’s economic growth too little, and it can act as a stranglehold with far-reaching,
The OECD also revealed that the Portuguese are passive in the management of their savings: saving is an active choice for less than 40 percent of respondents.
The OECD average, meanwhile, is 60 percent, while Norway’s is an impressive 80 percent. Along with the fact that few incentives related to savings exist, a lack of knowledge in this area is still very common.Financial literacy is therefore a determining factor in our daily lives, especially as it is becoming more and more complex. The learning process should start at a young age.
Fortunately, this evolution has already begun, with Ageas Portugal playing an important role: the challenge of promoting financial literacy has been incorporated into our global CSR strategy.Financial literacy also plays an extremely important role in creating a new culture for saving, which means we need to be more aware of the practical relevance of financial literacy in its various aspects.Being a market leader in the life and pensions sector in Portugal reinforces our active role in developing the education of citizens towards saving. It is also important to reinforce civic education in schools as a way of affirming the importance of saving from an early age.At Ageas Portugal, we truly believe that the development of skills in this area and the creation of savings habits should start early, in order to develop a greater awareness of the need for good long-term financial management.Retirement approach
Portugal is ageing.
Today we live longer, with fewer children being born too. By 2050, only one in eight people will be considered young – that is, they will be younger than 15 years old.
Despite the fact that there is some time to go before we encounter this scenario, Portugal is already the sixth-oldest country in the world. As such, it is simultaneously confronted with both the benefits and challenges of increasing longevity.Given the international recommendations for living longer, it is curious to see that Portugal’s recent evolution points to an increased focus on the practices of active ageing, despite the lack of mobilisation in older people. As such, it is essential to determine the policies we must adopt in order to ensure the future of this new demographic age.In January 2018, we learned that the average age where people will be granted access to pensions will increase by one month in 2019, to 66 years and five months. Is this enough to ensure the viability of dignified ageing? We don’t think so.The retirement pension is now recognised among the main causes for household indebtedness. This, combined with a high unemployment rate and the deterioration of working conditions, is very concerning for Portugal’s ageing population.
Indeed, if the level of savings does not increase, the retirees of the future are likely to receive considerably less than current pensioners.We have tried to alert older people to the risks of having a carefree plan for the future.We also need to focus on savings instruments that will safeguard them during their retirement years. Fortunately, our wide range of offers responds to the various needs that can arise during this phase.In a bid to create greater awareness, we have teamed up with a major media player to launch a cycle of conferences. The first of these conferences was exactly about this subject: ageing well.Taking the initiative,We have many other initiatives in place too. For instance, Ageas has partnered with a group of like-minded companies to create Singularity U Portugal Summit Cascais, an event that brings the world’s leading experts on accelerating technologies together with Portugal’s brightest minds.
As a founding partner, Ageas helps to connect great companies, entrepreneurs and future innovators with a view to creating new opportunities and training leaders to solve society’s biggest challenges through technology.Go Far is another great example.It’s a joint venture between Ageas and the Portuguese National Association of Pharmacies, which has launched an innovative integrated health services network spanning more than 2,500 associated pharmacies. Services range from the administration of injectables to a wide range of analytical processes.
As we know, pharmacies are highly valued by local communities, particularly among elderly people, who view them as a secure, trusted service when it comes to their health.In a completely different area, we have created a new service designed for expats.The joint venture – this time a result of a collaboration with a real estate consultant – helps support clients in essential tasks such as looking for a house, opening a bank account or obtaining insurance.At Ageas, we want our activities to be far-reaching.The insurance industry has changed completely: today, we need to go beyond insurance by enlarging our ecosystem with new partnerships, as the closed insurance world simply does not work anymore. We need to be in the front line for anticipating needs and tendencies, while also focusing on our customers’ satisfaction and requirements.
In doing so, we will continue to play a relevant role in society while remaining a sustainable organisation that employs approximately 1,300 people.Post navigation Previous article Cyprus is proving to be an attractive destination for investment funds Related:Hungarian Post Life Insurance is harnessing digital value to grow its client base Ceylinco Life is breathing life into Sri Lankas life insurance space Yılmaz Yıldız: Turkeys troubles are just a blip on the long-term chart How Turkeys currency crisis could make Zurich Turkey more profitable Thai Life Insurance is succeeding by putting its customers first World Finance Global Insurance Awards 2018 Activobank offers simple, transparent, honest banking to Portugal Thai Life Insurance pursues digital mindset to transform its culture Active Bank finds the perfect balance between tradition and innovation in Portugal Portugal reaping the rewards of the Golden Visa programme Regulars Profile.
BEIRUT (AFP) – For Lebanon’s Nadine Labaki, whose social-realist epic “Capernaum” is an Oscar contender for best foreign film, the toughest battle is only just beginning.
Her heart-wrenching story of poverty and survival in Beirut’s wretched underclass won a 15-minute standing ovation and the Jury Prize in Cannes last year.
A former election candidate in Beirut, Labaki now hopes an Academy Award will not only complete the film’s impressive harvest of distinctions but also boost its impact at home.So the conversation is starting now and that was my aim, to create this shock, and to create this debate, Labaki told AFP in her Beirut office.
The 45-year-old has arguably become Lebanese culture’s most prominent export and she is bent on making good use of her growing celebrity.I feel it like a duty, it’s not a choice even, and this is what we’re going to start doing, very, very soon: show the film to the government and organise these round tables with judges and lawyers, she said.
Maybe it’s going to have a big influence and maybe it won’t, but we have to try, Labaki said.The film has already changed the lives of its cast members, many of whom were experiencing the same struggles as their characters during the gruelling six-month shoot.Capernaum follows the travails of Zain, a malnourished boy who runs away from his family when his 11-year-old sister Sahar is sold into marriage.He is sheltered by an undocumented African worker named Rahil and ends up looking after her baby boy Yonas when she is arrested and jailed.The parallels between the film’s script and what happened to the actors in real life are uncanny.No make believe’ Baby Yonas’s on-screen and real-life mothers were arrested together during filming and both were in jail when the scenes of the two children being left to their own devices in the streets of Beirut were being shot.In the film, Zain keeps dreaming that he will one day escape his misery and move to Sweden.The Syrian refugee child who plays Zain’s character was recently resettled by the United Nations in Norway, where he now lives with family in a house overlooking the sea.
I don’t know why those things kept happening, maybe because the script was inspired by so much reality that it was actually bound to happen, Labaki said.Zain is now going to school as are his parents as well as several other of the film’s children.Capernaum has already achieved new milestones for Lebanese cinema and received glowing endorsements from media mogul Oprah Winfrey and others.Some critics however argued the film was unsubtle in rubbing the viewer’s nose in social squalor, telling the audience when to smile and when to cry.
But restraint, Labaki retorts, is just not in her culture.It’s as if people, especially critics, want all cinemas coming from all parts of the world to look the same way, she said.Let each country bring its own identity.It’s really very hurtful to hear words like poverty porn’ or emotional manipulation’, Labaki said.
Especially when there’s no big make believe in the film, everything that is in the film is a reality.The activist in her wanted to jolt her audience into action and mobilise decision-makers in Lebanon, a country where Syrian refugees account for a quarter of the population but where faith in the government is rock-bottom.
People come to me in tears, people say You changed me forever’, I’m not looking at the child I see under the bridge every day in the same way’, I want to do something about it’, How can we help?’, Labaki said.She said an Oscar on February 24 would further increase her chances of making a difference.
The Latest on Britain's plans to leave the European Union (all times local):. 5:05 p.m.. The British government has agreed to allow citizens of Norway, Iceland and Liechtenstein already living in Britain to remain after Brexit even if the country …