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Deutsche Bank’s Restructuring Costs Could Set It Back By $5.7 Billion
4.7.2019
Deutsche Bank used to be one of the biggest banks in the world, and after a while, it decided to enter the world of high finance by expanding aggressively into new markets in the United States, United Kingdom, and Asia. It seemed like a sound strategy for Germany’s biggest bank, but then the 2008...
Ripple Incubator Xpring Announces $500 Million Invested in XRP Projects
3.7.2019
Xpring says it has spent around $500 million on 20 companies working on XRP-related projects
FCA Proposes A Complete Ban On Crypto Assets, Says Too Volatile For Small Investors
3.7.2019
Financial Conduct Authority, the financial markets regulators of the United Kingdom has suggested a ban on crypto assets, as they pose a big risk for small retail customers who fail to understand them. The suggestion comes days after Facebook unveiled Libra, a stablecoin to be launched in early...
Technology Arms Race Hots Up As JP Morgan Commits To Investing in AI
3.7.2019
As anyone might have noticed, technology has totally changed the way banking operates nowadays and it is perhaps even more so when it comes to professional trading. Over the years, banks have created complex algorithms and software application in order to maximize the returns from their hedge...
Microsoft, Dell And HP Join Procession Of Manufacturing Processes Being Moved From China
3.7.2019
Over the past decades, China has managed to become the world’s biggest hub for manufacturing for some of the biggest tech giants in the world. The reason behind that particular boom was manifold. Cheap labor was abundant in the country and in addition to that, there was a willingness among vendors...
Governments Often Ask to Remove ‘Unlawful’ Apps, Reveals Apple
3.7.2019
The explosion of technology and mobile phones has created an incredible ecosystem in which people can use a range of services through hundreds of thousands of apps. These apps are reviewed by the companies who own the application stores and then released to the public. One of the most popular...
Symantec To Be Acquired By Broadcom In Deal Worth $ 15 Billion
3.7.2019
As far as leading corporations firms are concerned, it is a well-known fact that many of them seek to grow their business further with key acquisitions that can add more value and that seems to be a strategy of chip manufacturing giant Broadcom. The company had been trying to acquire big-ticket...
Christine Lagarde Nominated As Next President Of European Central Bank
3.7.2019
The European Central Bank and the International Monetary Fund are perhaps two of the most important institutions in the world, and hence, it does not come as a surprise that the former has tapped the latter’s chief for the top job. In a new development, it has emerged that the ECB has nominated...
Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India
3.7.2019
India’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action...
UN Looks to Blockchain to Aid Sustainable Urban Development in Afghanistan
3.7.2019
The UN is reportedly trying out blockchain cures for Afghanistan’s urban development woes
SIX Fintech Ventures Buys Stake In Digital ID Outfit PXL Vision
2.7.2019
Over the past half a decade or so, the Fintech industry has grown into a veritable behemoth, and much of the credit must go to the innovators who have worked tirelessly to make it another pillar of the financial industry. In that regard, SIX Fintech Ventures has also been one of the more...
Dubai Is All Set To Continue To Be One Of The Hubs For Growth Of SMEs
2.7.2019
Over the course of the last few decades, the Emirate and city of Dubai in the United Arab Emirates has become one of the biggest business and financial hubs in the region. During that period, some of the biggest businesses from across the world have set up shop in the city, and it had enjoyed...
Warren Buffett To Donate $3.6 Billion More To Five Charities
2.7.2019
For the majority of his life, Warren Buffett made his name as possibly the greatest investor of the last century, and during the course of his life, he made a fortune that made him one of the world’s wealthiest persons. At this point of time, he has a net worth that is pegged at $87 …
The...
Huobi to Target Decentralized Finance With New Public Blockchain
2.7.2019
Huobi Group is building a "regulator-friendly" public blockchain specifically designed for use cases within decentralized finance
Banking Giant Standard Chartered To Expand Digital Capabilities Once 5G Arrives
2.7.2019
Over the past few years, some of the biggest banks in the world have been prompted to strengthen their digital offerings in a big way and perhaps the biggest reason behind it lies in the emergence of Fintech companies. The Fintech companies have come up with a range of products and services that...
Huobi Unveils ‘Finance Chain’ For Building Enterprise Blockchains
1.7.2019
Huobi develops a public blockchain to enable companies to deploy their own blockchains, following a new partnership with Nervos
Tech Material Export To South Korea To Be Curbed By Japan Due To World War Two Dispute
1.7.2019
Technology is one of the biggest industries in South Korea and over the years, the country has imported key components from Japan. However, it has now emerged that a dispute between the two countries with regards to a labor law dating back to the Second World War could result in Japan curbing...
As Oil Demand Falters, OPEC Decides To Keep Output Cuts Into Next Year
1.7.2019
The OPEC countries’ share of oil production may have become far less than what it used to be, but the institution is still regarded as one of the most powerful bodies when it comes to the oil industry. The soaring production levels of shale oil in the United States and the weak outlook with regards...
Apple Executive Says Company Will Focus On Quality, Not Quantity For TV Shows
1.7.2019
The delivery of high-quality entertainment has changed significantly over the past few years as Netflix completely changed the industry with its streaming service. The company is now available globally and still regarded as the byword for online streaming. However, it was only a matter of time...
Singapore To Open Fintech Innovation To Further Strengthen Financial System
1.7.2019
As far as innovations in the financial world are concerned, Fintech has been the biggest development in the industry over the past half a decade or so. In that regard, it is not really a surprise that Singapore, one of the world’s most important financial hubs, has become a hotbed for Fintech...