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Japan, E-Scooters, Danske Bank: Top Trending Financial Tweets - Week 36

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09/07/2018 | 07:21am EDT

We’ve had yet another event-filled week drawing to a close. From Japan's taxi trial, Norway's pollution targets and Volkswagen's investor suit, to e-scooters and Danske bank: here’s this week’s selection of top trending financial tweets.

#7 Danske’s non-residents nightmare

On Monday, there was not so great news for Danske Bank. The Financial Times reports that it turns out the bank handled up to $30 billion of non-resident’s money via its Estonian branch in 2013, according to an independent investigation.

Danske Bank has admitted there were flaws in its anti-money laundering controls in Estonia.

#6 Japan trials robot taxis

Ahead of the 2020 Olympics, Japan is testing automatic taxis. The Japanese taxi market is already under stress under the combined effect of unprecedented levels of tourists and an aging population (the average age of a taxi driver in Tokio is almost 60). Robot taxis could help to solve this issue.   

#5 Norway’s pollution offset

Norway is looking to set a good example. The Scandinavian country is trying to buy credits to offset its fossil-fuel emissions more than ten years before it needs to meet the pollution goals for 2030, Bloomberg reports.

As such, Norway is one of the first countries to plan how it will use the post-2020 carbon markets in order to reach its emission targets.

#4 Volkswagen’s 9.2 billion investor suit

Not so great news for Volkswagen on Friday. The German carmaker faces a trial next week as investors seek to claim 9.2 billion euros ($10.7 billion) of compensation. They argue that VW should have informed its shareholders about the diesel pollution scandal before regulators did in 2015.

#3 From ride sharing to e-scootering

They are becoming a familiar sight in big cities: the electric scooters and bicycles people can simply use to get from A to B using an app on their phone. A great - and green - alternative to busy metros and buses for commuters.

Companies such as Bird and Lime have so far dominated the rapidly growing scooter-sharing market. On Thursday, Lyft launched its fleet of electric scooters in Denver, CNN Tech reports. Competitor Uber is also planning to expand its ride-sharing business beyond cars.

#2 India’s electric vehicle policy

More news in the electric vehicle department this week. India is soon to launch a new policy that aims to boost the production - and use - of electric and alternate fuels-driven vehicles, Reuters report. India’s Prime Minister, Narendra Modi, said the country wants to drive investments in electric vehicle manufacturing, batteries, and smart charging.

#1 Brasilian far-right presidential candidate stabbed

On Thursday, the leading, far-right candidate in Brasil’s presidential election has been stabbed at a campaign rally. Jair Bolsonaro had to undergo a two-hour operation because the knife hit his abdomen and intestines, the Financial Times reports. The incident sparks uncertainty ahead of a very polarised vote in the country.

And that’s the first round-up of September all done. Of course, we’ll keep on top of the latest Tweets and we’ll continue to bring you the most trending financial micro-messages from the web. See you back here next week.

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.10% 4.205 Delayed Quote.-5.66%

Neelie Verlinden
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