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How fintech can help Indonesia's small and medium enterprises survive the COVID-19 pandemic

Nov 08, 2020 11:07 am UTC| Technology Fintech

In Indonesia Southeast Asias largest economy small and medium enterprises (SMEs) contribute to around 60% percent of the nations economy and absorb 97% of its domestic workforce. However, while there are more than 60...

Microfinance loans could spell disaster in the time of coronavirus

Jul 22, 2020 12:26 pm UTC| Fintech Economy

When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global attention. Microfinance...

South African banks need to do more to ensure financial inclusion

Jul 02, 2020 15:11 pm UTC| Economy Fintech

An analysis of financial inclusion in South Africa shows that affordability limits poor households access to formal financial services. In our study, which looked at peoples use of financial goods and services between 2008...

The price of AI art: Has the bubble burst?

Jan 07, 2020 15:33 pm UTC| Insights & Views Fintech

Last fall, an AI-generated portrait rocked the art world selling for a staggering US$432,500 at Christies auction house in New York. The portrait called Edmond de Belamy features a slightly out-of-focus man with no nose...

Blockchain Revolution Series

Digital Currency Revolution

Iran works on national blockchain platform and cryptocurrency

Aug 28, 2018 03:31 am UTC| Digital Currency Fintech

Iran is developing a national blockchain platform which will enable the country to build a money transfer network with its allies, an official at the Central Bank of Iran was recently quoted saying. Speaking during a...

Blockchain Revolution Series

BankSign: Samsung SDS announces blockchain-based co-verification platform for banks

Aug 27, 2018 10:58 am UTC| Digital Currency Fintech

Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, has developed a blockchain-based certification system, Yonhap News Agency reported. Dubbed BankSign, the platform has been set up in collaboration...

Blockchain Revolution Series

Reserve Bank of India sets up new blockchain and AI-focused unit

Aug 27, 2018 05:37 am UTC| Digital Currency Fintech

The Reserve Bank of India (RBI) has set up a new unit to ramp up its efforts in the area of blockchain technology and artificial intelligence, according to The Economic Times. Sources familiar with the latest...

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Economy

McDonald's revamping Happy Meal toys to be eco-friendly

McDonalds revealed earlier this week that it would make significant changes to its Happy Meal toys in an effort to cut the use of plastic. The fast-food chains meal package for kids always comes with a toy, and they are...

Freddie Mercury NFTs up for auction for AIDS charity

Four non-fungible token (NFT) artworks inspired by the late Freddie Mercury of band Queen are being auctioned off for charity to mark the British singer-songwriters 75th birthday. Three of the NFTs show an image of...

NBA's Philadelphia 76ers taps Crypto.com as jersey patch and NFT partner

The NBAs Philadelphia 76ers have tapped Crypto.com as their partner for the jersey patch deal for the 2021-2022 season and on releasing a non-fungible token series. According to 76ers President Chris Heck, by weaving...

Chipotle launches new meat addition to its menu

Chipotle just revealed it is adding a new item to its menu, and this time, it is meat. It was reported that the Mexican grill restaurant chain is finally introducing the smoked brisket menu after the successful food...

Politics

Joe Biden says US will donate additional 500 million COVID-19 vaccine doses

This week, US President Joe Biden hosted a COVID-19 summit amongst his counterparts. At the virtual event, Biden pledged that the US will donate an additional 500 million doses of the COVID-19 vaccine to other...

Mary Trump weighs in on latest lawsuit by uncle Donald Trump

This week, former President Donald Trump filed a lawsuit against his niece Mary Trump and the New York Times. Ms. Trump appeared to shrug the latest lawsuit against her by her uncle, saying that this is the norm within the...

Kamala Harris immigration: VP blasts expulsion of Haitian migrants from border

To this day, thousands of migrants are still at the southern border of the US, looking to enter the country even in the midst of the pandemic. This week, US Vice President Kamala Harris blasted the recent incidents of...

Capitol riots: New video footage reveals insurrectionist frothing at the mouth upon confronting police officer

Hundreds of rioters that have been arrested are awaiting trial or waiting for their sentencing for their involvement in the January 6 insurrection at the Capitol. A newly released bodycam footage showed one insurrectionist...

Science

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

Technology

Best Buy restocks PS5, Xbox Series X/S in-store on September 23

Best Buy has officially announced it is having an in-store restock of PS5 and Xbox Series X/S consoles later this week. The major retailer, however, noted that there are only limited quantities available. In an...

Orca joins ‘Dragon Quest XII: The Flames of Fate’ development

Dragon Quest XII: The Flames of Fate will be the next main title installment for the popular Japanese role-playing game series from Square Enix. While details about the game, its plot, and features are still very scarce,...

Apple confirms update to make iPhone 13 Pro’s macro photography optional

While the iPhone 13 series looks almost identical to the 2020 iPhones, it actually comes with several hardware upgrades. In the camera department, Apple introduced a native macro photography feature on the iPhone 13 Pro...

Samsung Galaxy S21 FE leaks once again, this time through an official Android list

At this point, the launch of the Samsung Galaxy S21 FE is no longer a secret. While Samsung remains mum about the existence of the mid-range phone, tech fans keep finding a new piece of evidence that it is coming...
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