Finance & Economics - page 111

Huobi Lays Off 20% of Employees, Denies Insolvency
News

Huobi Lays Off 20% of Employees, Denies Insolvency

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

Americans Spent a Record $212B on Online Holiday Shopping
Reports

Americans Spent a Record $212B on Online Holiday Shopping

Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation

Santander Launches Commercial Card Solution with Global Payments
News

Santander Launches Commercial Card Solution with Global Payments

Santander Bank partnered with Global Payments Inc. on a new commercial card offering for its Commercial Banking clients in the US

ECB Executive Urges to Assimilate Crypto with Gambling
News

ECB Executive Urges to Assimilate Crypto with Gambling

ECB board member Fabio Panneta suggests trading unbacked crypto assets should be regulated similarly to gambling

Amazon Job Cuts Will Affect over 18,000 Employees
News

Amazon Job Cuts Will Affect over 18,000 Employees

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 to Explore AI Use for Cybersecurity
News

CaixaBank to Explore AI Use for Cybersecurity

CaixaBank participates in the European research consortium along with eleven international entities to improve cybersecurity by leveraging AI and big data

Indonesia to Create a National Crypto Exchange in 2023
Blockchain & Crypto

Indonesia to Create a National Crypto Exchange in 2023

Indonesia makes moves to reform national regulation of the crypto industry, aims to create a crypto exchange this year

DNB Automates 50% of Chat Traffic with AI
News

DNB Automates 50% of Chat Traffic with AI

Since October 2018, DNB has implemented a conversational AI chat platform as the first-line customer support. As of now, the bot has interacted with over one million customers

Indian Bank Introduces QR Code Bill Payment System for CESC
News

Indian Bank Introduces QR Code Bill Payment System for CESC

The new bill payment system enables customers to pay by scanning the dynamic QR code linked to the unified payments interface (UPI)

FTX Ex-Chief Pleads Not Guilty
Blockchain & Crypto

FTX Ex-Chief Pleads Not Guilty

Sam Bankman-Fried, the former head of the scandalous FTX crypto exchange, has pleaded not guilty to eight criminal charges regarding FTX bankruptcy

Shopify Introduces Commerce Components
News

Shopify Introduces Commerce Components

Commerce Components by Shopify is the suite of API tools for enterprise retail enabling global retailers to integrate components of Shopify with their own systems

Report Reveals Banking Trends to Watch in 2023
News

Report Reveals Banking Trends to Watch in 2023

Insider Intelligence highlighted four main banking trends that will emerge in 2023 to help customers weather the economic storms

Retailers Prepare to Close the Holiday Quarter: This Season was Different
News

Retailers Prepare to Close the Holiday Quarter: This Season was Different

As holiday shopping is coming to an end, the next few weeks would help determine the overall success of the 2022-2023 holiday quarter for retailers – so far, signals are mixed

Bank of Israel Introduces a Rate Hike
News

Bank of Israel Introduces a Rate Hike

Although inflation in Israel is lower than in most Western countries, the country’s central bank raised its benchmark interest rate on Monday to stabilise the economy

IMF: Economy to Face “Tough Year” in 2023
News

IMF: Economy to Face “Tough Year” in 2023

According to the Managing Director of the International Monetary Fund, Kristalina Georgieva, the world economy should brace for a tough year in 2023.

EU Gas Prices Fall Amid Mild Winter
News

EU Gas Prices Fall Amid Mild Winter

The prices for natural gas in the European Union continued their downward trend in the new year.

Finance & Economics