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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

Coca-Cola to capitalize on Africa's strong demand for energy drinks

Coca-Cola Beverages Africa (CCBA) plans to consolidate in Africa and to capitalize on the continents strong demand for energy drinks, which is the fastest-growing beverage category. Jacques Vermeulen, the CCBA CEO, sees...

McDonald’s expands McPlant burger tests in US

McDonalds will roll out the McPlant burger at around 600 locations in the San Francisco Bay and Dallas-Fort Worth areas for a limited time starting Feb. 14 to learn more about consumer demand for it. The test began in...

Taco Bell dives into education venture with the launch of its business school

Taco Bell, a fast-food chain that serves a Mexican menu, is venturing into something new this year. The restaurant announced that it would be opening an institution for educating people, and it will be called the Taco Bell...

Hyundai Motor, IonQ announce partnership to develop next-generation batteries for EVs

Hyundai Motor revealed on Thursday, Jan. 20, that it has inked a deal with IonQ, a US-based quantum computing hardware, and software company. The partnership is for the companies to develop next-generation batteries for...

Burger King Japan announces discounted price for popular Whopper burgers

Burger King Japan has launched a new promotion, and it will be running for a limited time only. Customers can get two Whopper burgers for the price of one, and it is only for 500. As per Japan Today, the offer is Burger...

Politics

Ivanka Trump accused of 'misleading financial statements' to federal government and Deutsche Bank

Donald Trumps daughter and White House adviser Ivanka Trump is now under even more legal scrutiny in the ongoing investigations into the Trump Organization. New York Attorney General Letitia James claimed in a court filing...

Afghanistan: Pentagon releases footage of Kabul drone strike

One of the criticized aspects of the US military withdrawal from Afghanistan was the drone strike that ended up killing civilians including children. The Pentagon has now made public the footage of the failed drone...

US House Majority Leader Steny Hoyer echoes Nancy Pelosi's stance on lawmakers trading stocks

One of the issues that have emerged in Congress is of its members trading stocks despite concerns of conflicts of interest. US House Majority Leader Steny Hoyer echoed the stance of House Speaker Nancy Pelosi, saying that...

Kamala Harris says administration will continue to fight to pass voting rights legislation following Senate vote

The recent Senate vote on voting rights did not succeed in advancing voting rights legislation in the chamber. US Vice President Kamala Harris said that the administration would continue to push for voting rights...

Science

DouxMatok and Blommer to produce chocolate products with less sugar by enhancing sweetness perception

Blommer Chocolate Co. has entered a commercial partnership with Israeli-based DouxMatok to produce and sell a portfolio of chocolate products with less sugar, made possible by enhancing the perception of...

Duke University study reveals gastrointestinal tract distinguishes between Coke Original and Coke Zero

Duke University researchers revealed that the gastrointestinal tract, and not the tongue, distinguishes between Coca-Cola Original and Coca-Cola Zero Sugar. According to their published study, neuropod cells in the...

Keio University doctors use iPS-derived cells to treat spinal cord injury

Keio University researchers have successfully transplanted into a patient with a severe spinal cord injury two million neural progenitor cells derived from other peoples iPS cells as part of a clinical study, offering hope...

Virtual moon landing experience offered at Tottori Sand Dunes

Tokyo-based Amulapo, Inc. is offering a tour at the Tottori Sand Dunes for experiencing a simulated landing on the lunar surface for up to 20 participants on Saturday nights until the end of March, during good...

Unilever calls for better plant-based diet through public health strategies

Unilever scientists are prompting public health officials to facilitate the transition to a balanced diet with more diverse nutrient-dense plant foods through consumer education, food fortification, and...

Technology

Warner Bros. reiterates ‘Hogwarts Legacy’ will launch in 2022

A recent report claimed that Hogwarts Legacy is unlikely to launch anytime before 2023, suggesting that the game could suffer yet another delay. However, developers have now somewhat addressed the rumor by reiterating that...

‘Ghostwire: Tokyo’ could be released in March

It has been a while since developer Tango Gameworks and publisher Bethesda Softworks last released teasers for Ghostwire: Tokyo. Officially, the companies have only said the game will be released sometime this year. But an...

NFT profile pictures on Twitter will now appear as hexagonal avatars

Twitter just launched a new feature that makes NFT profile pictures easier to distinguish. As expected, it has been met with mixed reactions from users and major brands. People will find everyday debates about the pros...

Crypto.com confirms hackers stole over $30 million in cryptocurrencies

Crypto.com confirmed that 483 users were affected by a hacking incident detected earlier this week. The cryptocurrency exchange platform said the culprits stole more than $30 million, but that no customers lost...
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