Animal testing obligation abolished + Sovereign wealth funds reluctant on climate
Wealth comes with responsibility. This idea is becoming more and more prevalent in investment decisions. Green investments are also experiencing a boom among private individuals worldwide – especially since future technologies such as climate-neutral energy sources are often highly profitable. However, China's multi-billion dollar sovereign wealth funds are not quite getting on board yet, even though greater sustainability is now something of a state goal. Nico Beckert analyses the reasons for the sovereign wealth funds' reluctance to act on green investments.
The Western cosmetics industry will find it much easier to offer its products on the Chinese market in the future. This is because the government has overturned the requirement for animal testing, which was previously a high hurdle. Frank Sieren explains why China has found it so difficult to dispense with the controversial testing on animals, despite being very technology-friendly.
Huawei is leaving its dependence on Google behind and launching its own mobile operating system next week. The electronics company is forced to disconnect itself from the lively world of Android apps. But perhaps the homegrown product will be a hit in China – and the Americans will lose out in the end.