Palau Government Teams Ripple to Pilot Stablecoin
The Republic of Palau collaborates with Ripple to launch a government-backed stablecoin on XRP Ledger
News - page 281
Fed Raises Interest Rates
The US central bank has decided to raise interest rates to the highest level in the last 22 years.
China’s Central Bank Calls On Financial Sector to Help Fund Technology Research
The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.
Samsung Cuts in Memory Chip Production
Samsung Electronics continues to implement a strategy to reduce the production of memory chips, including NAND flash memory, which is used in smartphones and computers.
Bloom Money Raises Funds to Digitize Microcredit Finance
The British fintech company Bloom Money has announced that it has managed to raise investment funds for 1 million pounds to digitize the informal financial management system used by ethnic communities around the world.
Venture Capital Firm Together Fund to Help Indian AI Startups
The Indian venture capital company Together Fund announced the creation of an early-stage fund to provide financial assistance to firms that operate in the area of artificial intelligence.
AWS Launches HealthScribe
Amazon Web Services (AWS) has announced its intention to help clinics save time spent on summarizing visits to medical institutions by patients.
Revolut Launches Accounts for Non-US Citizens in US
Those who are lawfully in the US but don’t have SSNs can now get a Revolut account
Commerzbank Performs Live Blockchain-Based Transactions on Trade Finance Network Contour
Commerzbank has become the first German Bank to successfully carry out blockchain-based Letter of Credit (LC) transactions for its clients at its Singapore and Shanghai branches on the digital trade finance platform Contour
GoPay App Launches in Indonesia
The standalone GoPay app has officially launched in Indonesia, after being available as part of Gojek and Tokopedia apps
Foodpanda Partners TabSquare for AI-Powered Restaurant Solutions
Restaurant owners in Singapore, Taiwan, Malaysia, and the Philippines will be the first to enjoy the benefits of AI-enabled predictive analytics and QR code ordering
Amazon Offers Up Marketplace Rule Change to Solve UK Antitrust Issues
Amazon agreed to the proposal to change the mechanism for processing information about competitors’ sales and introduce the practice of equal interaction with all sellers operating on the virtual platform of the e-commerce giant in the UK.
PacWest to Merge With Banc of California
PacWest Bancorp plans to implement a merger deal with Banc of California.
Banco Santander Earnings Beat Estimates
The revenues of Banco Santander SA in the second quarter of this year exceeded the initial forecasts regarding this result of the bank’s activities.
Deutsche Bank AG Survives Slowdown in Trading Well
Deutsche Bank AG was able to survive a period of slowing trading, demonstrating a result that largely exceeded analysts’ expectations about the lender’s ability to cope with these adverse circumstances.
Spotify Raises Its Premium Subscription Price
Streaming service Spotify has announced an increase in the cost of an individual tariff plan without advertising, to which 200 million people have subscribed.
