Category Archives: Economics
MUMBAI (PRNewswire)– 10 Nepalese banks will utilise SWIFT’s Sanctions Screening service to support their sanctions compliance. The 10 banks will join the nearly 600 firms currently using the service, which was launched in 2012 as the first solution in SWIFT’s financial crime compliance portfolio. The success of the offering validates SWIFT’s vision that compliance services are most efficiently and effectively delivered via a hosted utility model.
Hospital pharmacy costs reached $33.6 billion in 2015, which was roughly an 11 percent increase from the previous year due in part to the upswing in drug costs, according to The Wall Street Journal (WSJ).
Also, these institutions are particularly vulnerable to these volatile increases due to the structure of the system for obtaining the medications.
Distributed energy resources — relatively small-scale power technologies such as solar, wind, energy storage, and power electronics and control devices — are being deployed rapidly in the global shift toward a low-carbon energy future. To ensure that both distributed and centralized energy resources are integrated efficiently, however, electric power systems in the U.S., Europe, and other parts of the world need major regulatory, policy, and market overhauls, says an in-depth report, “Utility of the Future,” released today by the MIT Energy Initiative (MITEI).
Mass. — Since 2008, MIT economist Tavneet Suri has studied the financial and social impacts of Kenyan mobile-money services, which allow users to store and exchange monetary values via mobile phone. Her work has shown that these services have helped Kenyans save more money and weather financial storms, among other benefits.