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Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
17.8.2019
Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this...
Amazon Decides to Donate Millions of Products from Third-Party Sellers to Charities in US and UK
17.8.2019
Some of the most significant and most valuable companies in the world are often urged to work towards charitable endeavors on a daily basis by charities, governments, and activists. More often than not, all those companies work towards those goals, and some companies often go above and beyond their...
GoCo Group Signs Partnership Deal with Fintech Firm Bud
17.8.2019
Over the course of the past half, a decade or so financial technology or Fintech has become one of the world’s most valuable industries, and it is almost certain that the sector is going to grow exponentially in the years to come. Some of the solutions that Fintech companies have come up with...
Apple Slaps Lawsuit Against Corellium for Selling Unlawful iOS Replicas
17.8.2019
When it comes to technical innovation, then there are very few companies which can hold a candle to Apple and over the years, those innovative products have made the company immensely rich. Like any other company, Apple is also fiercely protective of the products it has made and particularly...
Chinese Credit Card Repayment Company Samoyed Cancels US IPO Due to ‘Unfavourable Market Conditions’
17.8.2019
The raging trade war between the United States and China is something that is almost always going to be on the background of any business deals that might be taking place, which involves entities in either nation. In a new development, Chinese Fintech company Samoyed Holdings Limited has decided...
Alibaba Co-Founder Joe Tsai All Set to Splash $3.3 Billion to Buy the Brooklyn Nets and Barclays Center
17.8.2019
Over the course of the past two decades, ownership of sports teams has become one of the most important trends among the billionaires of the world, and it is all set to continue. Billionaires and the ultra-rich have bought sports team in the United States and soccer clubs in Europe quite frequently...
US Aviation Regulator FAA Bans Some MacBook Pro Laptops from Flights
15.8.2019
When it comes to flights, regulators need to be extremely careful about what they allow onboard and what not. Even the slightest spark of fire on board can result in a gruesome accident and hence, most aviation regulators across the world take a dim view of anything that could prove to be a fire...
Warren Buffett’s Berkshire Hathaway Raises Its Holding in E-commerce Giant Amazon
15.8.2019
As everyone knows, Warren Buffett is the world’s greatest investors, having created tens of billions of dollars in wealth through his investments over the past several decades. Hence, when he discloses about the investments made by his company Berkshire Hathaway, then it is big news. Additionally...
Three of the World’s Biggest Tech Companies to Testify Against French Digital Tax in US
14.8.2019
Over the past two decades, some of the biggest tech companies in the world originated in the United States, but it was not long before those companies expanded into the rest of the world. As long as those companies operating in the United States, they were governed by tax laws in their native...
Head of FTC says He is Willing to go After Big Tech and Break the Companies Up
14.8.2019
If there is one thing that has been established beyond doubt, then that is the fact that much of the world is now heavily influenced by some of the biggest tech companies. Hence, over the past few years, there has been the talk among regulators and critics of the tech industry that many of...
Amazon Web Services Sets Up Data Centers in Israel
14.8.2019
Cloud computing services, along with data centers, have now become one of the most important industries in the world. The primary reason behind the growth of the industry is down to the fact that almost all businesses now need these services and Amazon’s Amazon Web Services (AWS) is the global...
R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production
14.8.2019
The trade finance blockchain platform has passed another milestone in its development with a successful pilot of real-time payment triggers
India’s Reliance Jio Announces 10 Year Partnership with Microsoft Azure
14.8.2019
It is a well-known fact that cloud computing services now power some of the world’s biggest companies, and over the years, the importance of cloud service companies is only going to rise exponentially. In that regard, Microsoft has come up by leaps and bounds with its cloud service known...
Banking Giants JP Morgan and Goldman Sachs Caution against Chinese Stocks as Trade War Continues
13.8.2019
The continued trade war between the world’s two biggest economies, the United States and China, has proven to be the biggest economic issue in this decade. On top of that, there is still no sign that the trade war is going to be resolved any time soon, and that has made life extremely different...
Tumblr to be Sold to WordPress Owner Automattic Inc by Verizon
13.8.2019
As the internet has grown more and more influential, plenty of internet properties have been developed by a range of companies. It is important to note that beyond the big names like Facebook or Twitter, plenty of highly influential blogging websites have also been developed and one of the most...
New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup
13.8.2019
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain
Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes
13.8.2019
Unlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this is a report that Jeffrey Epstein was apparently using his bank accounts to fund sex trafficking and possibly other...
IoT Devices Had Been Used by Russian Hackers to Breach Networks, Claims Microsoft
13.8.2019
The internet may have been the most revolutionary thing to have been discovered over the course of the last 50 years due to the profound changes it has brought to the world. That being said, it has also given rise to hackers, who spend days and nights in an effort to come up with ingenious...
China Gets Ready to Launch Supply Chain Facing Information Sharing Platform
12.8.2019
Over the years, China has been well known for being particularly opaque with regards to data and information about its economy as well as companies. However, things are changing rapidly in the country as the Chinese leadership tries to position the country as the next great superpower. In a...
Travel Agency Thomas Cook in Advanced Talks Over £150 Million Capital Injection
12.8.2019
Thomas Cook used to be one of the biggest travel companies in the world, but over the past few years, the company has fallen on hard times. Over the past few quarters, the travel company has struggled with capital issues, and that had completely pummelled the stock as well. However, it seems that...