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Traditional Financial Organizations Face Heat from Apple Following Credit Card Launch
12.8.2019
Over the year, some of the biggest tech companies in the world have made forays into businesses that are starkly different from their core business and managed to make it a complete success. For instance, Apple entered into the music industry by way of the iPod and iTunes and eventually changed...
Researchers can Receive Great ‘Bounty’ from Apple for Finding Security Flaws in iPhones
11.8.2019
Cybersecurity researchers have a reason to rejoice. According to the latest reports, Apple Inc has decided to offer up to one million dollars as rewards to cybersecurity researchers for finding out faults in iPhones. Interestingly, it is the highest reward any company has ever offered to defend...
Amazon’s Land Based Scout Delivery Drones Launched in California
9.8.2019
When it comes to innovation, there are very few companies which can match e-commerce giant Amazon. Its innovative streak is also one of the reasons why the company has managed to grow into one of the world’s most valuable companies in just over two decades. As everyone knows, delivery is the most...
Apple Offers $1 Million to Cyber Security Researchers to Find Security Flaws in iPhone
9.8.2019
Over the past few years, fears about cybersecurity have increased manifold among most people in the world, and there are legitimate reasons behind such a development. The revelations from whistleblowers have proven beyond doubt that there are organizations who are engaged in trying to gather...
Operation Food Search Gets $30,000 Donation from Bank of America
9.8.2019
As everyone knows, homelessness and hunger are problems that affect not only the poorer nations of the world but also in highly developed countries like the United States. Over the past decades, plenty of nonprofit organizations have come into existence which is involved in fighting against hunger...
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
FedEx Terminates Its Ground Delivery Business with Online Retail Giant Amazon
8.8.2019
When Amazon started more than two decades ago as an online bookseller, nobody quite thought that the company was going to become an e-commerce behemoth. Over the years, it has gone into a slew of new businesses and managed to make it a success. In the meantime, it has also been figuring out ways...
Owning Fiat Just Got More Expensive – NIRP Strikes Again
8.8.2019
With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy...
Commerzbank Decides to Lift Loan Provisions due to ‘worsening’ Economic Conditions
8.8.2019
The German economy, which is the largest in Europe and one of the largest in the world, has been going through growing pains over the past few quarters. In such a situation, the country biggest banks have also had to go through their share of pain, and in this regard, banking giant Commerzbank...
Shenzhen Issued 6 Million Blockchain Invoices in 12 Months
7.8.2019
Shenzhen issued nearly 6 million blockchain invoices with a total value of $553 million since inception in August 2018
Goldman Sachs and Apple Have Started Issuing Long-Awaited Apple Credit Cards
7.8.2019
Apple has always been known for producing innovative products and moving into industries in which it did not have any presence at all. The company proved it by moving into the music & smartphone industries in the 2000s. Now, it is moving into the credit card industry. Last month, the tech giant...
Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron
7.8.2019
Standard Chartered Bank has completed the first international letter of credit transaction on the oil industry blockchain platform Voltron
Facebook and WhatsApp Calling to be Restricted by Apple Due to Data Collection Fears
7.8.2019
Over the past couple of years, users’ privacy has been one of the burning topics when it comes to some of the biggest tech companies and Facebook has probably borne the brunt of the backlash. The company has experienced a series of data breaches and there have been multiple complaints about how...
China Designated as Currency Manipulator by United States Treasury
6.8.2019
In what can be termed as an unexpected turn of events, the United States Treasury has designated China as a Currency Manipulator. The announcement has been done via the Treasury Department’s official Twitter handle on 5th August, followed by a press release. U.S. Treasury Designates China as...
Amazon in Discussion over Buying Stake in Reliance Retail
5.8.2019
Amazon’s foray into India has been largely successful and the company’s Indian business has slowly but steadily grown into one of the most important players in the e-commerce space in the second biggest economy in Asia. However, the competition is now heating up as more and more companies enter...
P2P Crypto Lending Is on the Rise
3.8.2019
As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH and ETH networks, credit is being supplied...
Liquidity Difficulties in China: Second Bank Bail-Out Now Reality
1.8.2019
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. Observers believe the expanding problem has the potential to trigger...
Apple’s Credit Card to Be Launched in August, Says CEO Tim Cook
31.7.2019
Over the course of the past two decades, tech giants have managed to enter industries that seemed out of their reach and more often than not, they have managed to make it a success. In that regard, Apple has been remarkably successful by entering industries in which no one expected them to succeed....
Indian Finance Minister Addresses Crypto Proposal – Industry Responds
31.7.2019
India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed...
Café Coffee Day Founder VG Siddhartha Goes Missing
31.7.2019
In a shocking turn of events, the founder of India’s biggest coffee chain Café Coffee Day, VG Siddhartha, has gone missing since yesterday (29th July) evening from Mangaluru. Siddhartha holds the position as the Managing Director and Chairman in the coffee chain, which is popular across the nation...