HSBC Unveils Its Transition Plan
HSBC Holdings Plc has published the first so-called transition plan in its history.
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Mastercard Extends RTP Partnership With The Clearing House
The extended multi-year partnership prolongs Mastercard’s role as the exclusive instant payments software provider for TCH’s RTP network, enabling partners to integrate new instant payment use cases.
China’s $6 Trillion Stock Wipeout Signals Deeper Problems
The collapse of the Chinese stock market by $6 trillion has become what can be symbolically described as the thunder of a terrible truth, the sound of which is stronger than any soothing and deliberately encouraging statements that, in general, the weather situation is favorable and there are no cataclysms capable of provoking serious long-term […]
Revolut Launches Cross-Border Mobile Wallets
Digital bank Revolut has introduced a new cross-border money transfer service called Mobile Wallets that redefines remittance experiences, requiring only receivers’ contacts for transactions.
Apple Reportedly Makes Push to Bring AI to iPhone
The media reports that Apple is currently making serious efforts to introduce artificial intelligence into the iPhone.
ASML Orders Surge to Record in Q4
ASML Holding, a Netherlands-based manufacturer of equipment used in the chip production process, on Wednesday, January 24, released profit data for the fourth quarter of last year.
Nuvei Partners With Adobe to Enhance eCommerce Payments
Canadian fintech company Nuvei has announced the launch of a new global partnership with Adobe to improve the payment transaction process in the sphere of e-commerce.
RagaAI Secures $4.7 Million
The startup RagaAI, which was founded by technology veteran and former Nvidia executive Gaurav Agarwal, raised seed funding for $4.7 million.
China Cuts Banks’ Reserve Ratio
The People’s Bank of China announced a deep cut in bank reserves on Wednesday, January 24.
BIS to Focus on Cybersecurity, CBDCs and Green Finance in 2024
The Bank for International Settlements (BIS) announced its work program for the year, which includes six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.
MIT/IBM Study Denies Economic Feasibility of Major AI Employment Takeover
The new research reveals that the expected automation of around half of all human-performed jobs with the help of AI could come at a premium cost, which employers would likely not be willing to pay.
Fintech Klarna CEO Signals Possibility of IPO
Sebastian Siemiatkowski, Chief Executive Officer of Klarna Bank AB, during a conversation with media representatives, stated a high level of probability that the initial public offering (IPO) of this Swedish fintech giant in the United States will take place shortly, noting that there is no specific time frame for the implementation of the relevant intention.
Netflix to Stream WWE Raw
Netflix Inc. has become the owner of the exclusive rights to Raw and other programming from World Wrestling Entertainment (WWE), which is the first major step by the media industry giant towards live streaming of events.
Goldman’s Jan Hatzius Sees US Soft Landing
Chief Economist at Goldman Sachs Group Inc. Jan Hatzius on Tuesday, January 23, during a conversation with media representatives in Hong Kong, said that the Federal Reserve System is currently on track to achieve a soft landing of the United States economy.
Top Citi Strategist Says About Prospects of Healthy Economic Growth
Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth, says that the global economic system does not need a collapse situation for the inflation rate to return to the target level.
Nvidia CEO Makes China Tour
Co-founder of Nvidia Corp. Jensen Huang went on his first trip to China in four years.
