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While innovation flows freely in every industry, from time to time the media latches onto a particular tech wave or flavour. Flavours of the week have gone by with the seasons, from FinTech to LegalTech. But one of the most lucrative and untapped markets is in what we put into our stomachs: FoodTech.
In the wake of President Trump’s decision to withdraw from the Paris agreement, more than 300 cities have pledged to reduce greenhouse-gas emissions in line with the Paris targets. Green bonds have become more popular, witnessing an unprecedented global surge in issuance in a bid to reconcile investment opportunities and climate change. It is a difficult trade-off to achieve in a future that could be perhaps greener than ever.
Online retail giant Amazon is buying Whole Foods (WFM) in a $13.7 billion deal that marks its biggest push into traditional retailing yet. Amazon, which has long eyed the grocery business, will buy the upmarket supermarket for $42 a share.
The Federal Reserve lifted on Wednesday its fed funds rate by 25 basis points to a range of 1% to 1.25%. It marked the fourth interest-rate hike since the financial crisis. The Fed increased interest rates despite declining inflation, setting up a plan for balance sheet reduction.
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