Over the wall 📶
Heir it is: Sofie Kirk Kristiansen sold her Leo shares for about $930 million.
Managing a lot: Multi-manager funds like Citadel have grown to manage more than $1 trillion.
Getting warmer: According to the UN, if all national goals are met, the world will probably warm between 2.5C and 2.9C by 2100.
The estimation: The United Arab Emirates is planning to launch a $30 billion climate fund with TPG, BlackRock and Brookfield Asset Management.
Robot made: Algorithmic commodity trading advisers on an average day might control as much as 70% of US trading volume in oil.
Candy cost: Chocolate is getting pricier as cocoa pod disease spreads in West Africa.
Premium trash: Farmers in China at some provinces are letting fresh vegetables rot in their fields due to weak demand.
Feeding program: India’s government approved a proposal to spend 11.8 trillion rupees to extend a free food program for about 800 million beneficiaries for 5 years.
Dry condition: About 1.84 billion people in the world are currently drought stricken.
Coal limit: Japan pledged not to start building any more unabated coal-fired power plants domestically.
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