“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022. The bank sold its assets worth $5.2 billion. This decision was made by a financial institution to cover expenses. Also, the sale of […]
The MACH Alliance group of independent technology companies announced on January 6 that its structure will include Adyen (AMS: ADYEN), a global financial technology platform.
The European Central Bank found out that the demographic factor determines consumers’ payment preferences.
British mortgage technology firm Twenty7Tec acquired a specialist in digital interaction based on artificial intelligence, Meet Parker.
The Tanzanian fintech company Nala announced the start of work in 19 countries of the Eurozone.
Mastercard launches an incubator focused on web3.
The Islamic Bank of Abu Dhabi launched the release of devices for contactless payments.
For the first time in two months, inflation in the Eurozone was less than 10%. The preliminary consumer price index in the single euro area increased by 9.2% year-on-year in December. This figure in November was 10.1%. In October, the index was a record, its value was equal to 10.6%. Experts predicted inflation in the […]
The crypto exchange Huobi has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring, following Justin Sun’s acquisition of the firm, but denied rumours of its insolvency
Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation
Santander Bank partnered with Global Payments Inc. on a new commercial card offering for its Commercial Banking clients in the US
ECB board member Fabio Panneta suggests trading unbacked crypto assets should be regulated similarly to gambling
Amazon layoffs exceed earlier projections. The job cuts would represent over 5% of the company’s corporate workforce and continue over the coming weeks
CaixaBank participates in the European research consortium along with eleven international entities to improve cybersecurity by leveraging AI and big data
Indonesia makes moves to reform national regulation of the crypto industry, aims to create a crypto exchange this year
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