Happy Sunday. In today’s Sunday edition I will collate several interesting graphs that I discovered through the week about tech and business events.
[Health] Mental health and wellness tech, in particular, saw explosive growth in 2021. Funding to companies in this space increased by 139% YoY to $5.5 billion last year, according to CB Insights.
Over60: Morning Brew
[Health] This increasing interconnectedness of wearables extends beyond consumer tech into organizations as well—and it means significant opportunities in the Internet of Medical Things market, which is projected to grow to $172 billion by 2030.
Over60: Morning Brew
[Wealth] Russian billionaires have seen their fortunes dwindle in a major way since the country started its invasion of Ukraine on February 24. On March 3, the net worth of the Russian ultra-rich listed on the Bloomberg Billionaires Index was a combined $88 billion lower than it had been on February 23. Lukoil president Vagit Alekperov was arguably the biggest loser, shedding more than 60 percent of his personal fortune before dropping off the Bloomberg list on March 2 together with four other previously listed Russian billionaires.
Over60: Statista
[Trade] Russia has continuously expanded the share of its imports from China over the past two decades. As this infographic based on data from the trade portal Germany Trade & Invest (GTAI) shows, the share of the total value of Russia's imports coming from China is around 24 percent. At the beginning of the millennium, Russia still obtained most of its imports from Germany (13.8 percent). Trade with China can be expected to further rise this year as Western sanctions further isolate Russia.
Over60: Statista
[EV] Ford announced a major restructuring on Wednesday that will separate its legacy ICE (internal combustion engine) business from its electric vehicle division. The former, to be called Ford Blue, is supposed to take advantage of the company’s portfolio of iconic ICE-powered vehicles in a very cost-effective manner in order to provide profitability and cash flow for the entire company. Meanwhile, the EV division, called Model e, is designed to bring “the focus and speed of a startup” to a company whose CEO admitted last year that it struggled to be agile enough to keep up with the dynamics of the EV market.
Over60: Statista
[Oil] U.S. and global oil benchmark prices climbed to their highest levels since 2011 and 2014, respectively, after OPEC and its oil-producing allies decided to stick to their plan of gradual output hikes, despite the escalation of the Russia-Ukraine conflict. For Americans, already plagued by inflation, that likely means more pain at the pump, as gas prices continue to climb towards their all-time high, set in the summer of 2008. At a national average of $3.61 per gallon of regular gasoline on Monday, prices have climbed $1 over the past year and are now just 50 cents below their record high of $4.11.
Over60: Statista