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Mon, Oct 02, 2023 04:11 AM All times are UTC

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WeBank Eyes 'Open Consortium Chain 2.0' Amid Shift to More Public-Oriented Blockchains

Sep 22, 2023 11:21 am UTC| Economy Fintech Business

WeBank, Chinas leading digital-only bank, aims to transition from its permissioned consortium blockchains toward more public-oriented ones, highlighting the potential of Open Consortium Chain 2.0. As it seeks greater...

Digital Currency Revolution

Citi Unveils Blockchain Platform 'Citi Token Services' for Enhanced Digital Asset Interaction

Sep 19, 2023 06:06 am UTC| Economy Fintech Digital Currency Business

CitiGroup introduced its groundbreaking Citi Token Services blockchain platform, offering institutional clients 24/7 access to tokenized deposits, cross-border payments, and automated trade finance capabilities. Shahmir...

JPMorgan, Citibank Korea Face FTC Penalties Over Collusion; Supreme Court Upholds Ruling

Sep 14, 2023 05:54 am UTC| Business Economy Fintech

The Supreme Court upheld penalties against Citibank Korea, JPMorgan, and two others imposed by the Fair Trade Commission (FTC) over alleged collusion in currency exchange swap transaction bids with state...

PayPal Unveils Direct Crypto to US Dollars Conversion; MetaMask Integration Goes Live

Sep 13, 2023 04:11 am UTC| Economy Digital Currency Business Fintech

PayPal expands its digital asset services, introducing innovative methods for buying and selling cryptocurrencies like Bitcoin. The latest feature, now live on MetaMask, offers U.S. customers seamless transactions within...

Visa, Mastercard to Hike Merchant Fees with Emphasis on Online Transactions

Aug 31, 2023 01:02 am UTC| Economy Fintech Business

Visa and Mastercard plan to hike merchant fees, especially for online transactions, starting October and April, The Wall Street Journal reveals. These changes may cost merchants millions more annually, intensifying...

Digital Currency Revolution

Western Union Ventures into Cryptocurrency with Ripple's Blockchain Technology

Aug 28, 2023 02:36 am UTC| Economy Fintech Business Digital Currency

Western Union, the global money transfer leader, is delving into cryptocurrencies by collaborating with Ripple to integrate its XRP technology, aiming for swifter, cost-efficient transactions. During an analyst...

K Bank Sees 41.4% Q2 Profit Surge Amid 31% YoY Net Income Drop

Aug 15, 2023 09:40 am UTC| Economy Fintech Business

K Banks Q2 net profit soared 41.4% quarter-over-quarter to $11 million, marking its ninth consecutive profitable quarter, but witnessed a 31% year-on-year decline. Expanded operations and a diversified loan portfolio drove...

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Economy

GameStop Appoints Ryan Cohen as New CEO Who Will Work Without Pay

GameStop Corp. named Ryan Cohen as its new chief executive officer, and his appointment is taking effect immediately. The billionaire who founded Chewy, an e-commerce firm, has been promoted to the chief position in the...

Burger King Taiwan Introduces Bunless Options Amidst Mid-Autumn Barbecue Frenzy

Burger King Taiwan introduces four bunless burgers during the Mid-Autumn Festival, catering to the nations barbecue fervor: Bunless Double Beef, Quad Beef, Double Chicken, and Chicken Crisp. Embracing the Meat...

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the banks governor, received imploring letters from premiers spanning both the country and the political...

Shutdowns are a uniquely American drama − in the UK, it's just not Parliament's cup of tea

When it comes to shutdowns, the U.S. is very much an exception rather than the rule. Save for a last-minute spending deal in Congress on Oct. 1, 2023, hundreds of thousands of federal employees will be furloughed and...

Peloton, Lululemon Unveil Apparel Partnership, Igniting Market Excitement

Peloton and Lululemon announced a partnership, sparking significant market reactions. This collaboration aims to combine fitness content and athletic apparel for enhanced member experiences and global community...

Politics

AI disinformation is a threat to elections − learning to spot Russian, Chinese and Iranian meddling in other countries can help the US prepare for 2024

Elections around the world are facing an evolving threat from foreign actors, one that involves artificial intelligence. Countries trying to influence each others elections entered a new era in 2016, when the Russians...

Ukraine war: Slovakia may be about to elect a government which plans to halt aid to Kyiv

Slovakians head to the polls on September 30 to elect a new parliament. The result will not only have a huge impact on the domestic affairs of this small central European state but also, beyond its borders, on the balance...

Ukraine and Russia traded barbs in the UN's top court over the legality of the invasion. What could happen next in the case?

In the days immediately following Russias invasion of Ukraine in February 2022, the Ukrainian government filed a case against Moscow in the UNs highest court, the International Court of Justice. Ukraine accuses Russia...

In fractious debate, GOP candidates find common ground on cause of inflation woes and need for school choice

It was a night in which even the great communicator himself may have struggled to be heard. At the Ronald Reagan Presidential Library in California on Sept. 27, 2023, seven Republican candidates looking to become the...

Ukraine recap: Ukraine and allies maintain optimism despite slow progress on the battlefield

At a press conference after talks with the Ukrainian president, Volodymyr Zelensky, this afternoon, Nato secretary general Jens Stoltenberg sounded like a man determined to take a glass half full attitude when he said that...

Science

A search for links between two of the universe's most spectacular phenomena has come up empty – for now

Every so often, astronomers glimpse an intense flash of radio waves from space a flash that lasts only instants but puts out as much energy in a millisecond as the Sun does in a few years. The origin of these fast radio...

Temporary carbon storage in forests has climate value — but we need to get the accounting right

Forests and other natural carbon reservoirs play an important role in slowing and potentially reversing the effects of climate change. But any carbon stored in nature is vulnerable to either natural or human-caused...

Just 3 Nobel Prizes cover all of science – how research is done today poses a challenge for these prestigious awards

Ive been primarily an experimental chemist the kind of person who goes into the laboratory and mixes and stirs chemicals since the beginning of my career in 1965. Today, and for the past 15 years, Im a full-time...

Your microbes live on after you die − a microbiologist explains how your necrobiome recycles your body to nourish new life

Each human body contains a complex community of trillions of microorganisms that are important for your health while youre alive. These microbial symbionts help you digest food, produce essential vitamins, protect you from...

Citizen scientists collect more nature data than ever, showing us where common and threatened species live

Citizen science isnt new anymore. For decades, keen amateur naturalists have been gathering data about nature and the environment around them and sharing it. But what is new is the rate at which citizen scientists are...

Technology

Virtual reality can help emergency services navigate the complexities of real-life crises

The UK has experienced several terrorist attacks, from the 2005 London bombings, to the devastating events at Manchester Arena and London Bridge in 2017. These tragic incidents not only resulted in the loss of innocent...

PlayStation Chief Jim Ryan to Retire; Hiroki Totoki Named Successor

Sony Group Corporation announces PlayStation CEO Jim Ryans retirement in March 2024, heralding a transition to new leadership under Hiroki Totoki. Ryan is currently working as Sony Interactive Entertainment LLCs (SIE)...

OpenAI's ChatGPT Now Surfs Web for Real-Time Information Access

OpenAI unveils an upgraded ChatGPT that can browse the internet, offering users real-time, authoritative information and enhanced data coverage from various sources. OpenAI, which is backed by Microsoft, said on...

Does AI have a right to free speech? Only if it supports our right to free thought

The world has witnessed breathtaking advances in generative artificial intelligence (AI), with ChatGPT being one of the best known examples. To prevent harm and misuse of the technology, politicians are now considering...

Lagos building collapses: we used machine learning to show where and why they happen

Building collapses have become a major menace in Lagos, Nigeria. Lagos is the business hub of the country and has its largest seaport and airport. With an estimated population of 15.4 million, it is the largest city in...

Digital Currency