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Japan’s Mizuho Group to establish fintech venture in June

May 26, 2017 09:56 am UTC| Fintech

Japan-based Mizuho Financial Group announced that it will start a fintech venture in the coming month in order to generate 100 billion yen ($894 million) in added value by 2020. According to the reports by Reuters, the...

DFSA launches Innovation Testing Licence for fintech companies

May 25, 2017 09:47 am UTC| Fintech

The Dubai Financial Services Authority (DFSA) announced the launch of Innovation Testing Licence (ITL) that will permit fintech startups to apply for a class of financial services licence. ITL is a restricted financial...

Blockchain Revolution Series

Bank of Papua New Guinea explores blockchain potential for improving financial inclusion

May 25, 2017 06:23 am UTC| Digital Currency Fintech

The Australian government has allocated $200,000 to support the Bank of Papua New Guineas efforts to explore the potential of blockchain technology to help improve PNGs low rate of financial inclusion, ABC reported. The...

MAS, IFC sign memorandum of cooperation to develop fintech innovation in Asia

May 24, 2017 10:08 am UTC| Fintech

Monetary Authority of Singapore (MAS) announced that it has signed a memorandum of cooperation with IFC, a member of the World Bank Group, in a move to establish and advance fintech innovation in Asia by developing the...

Initial Coin Offering Series

Global experts to come together for Initial Coin Offering Conference on May 29

May 19, 2017 15:01 pm UTC| Digital Currency Fintech

THEblockchain, along with EconoTimes, is going to host a conference focusing on Initial Coin Offering (ICO) a new and innovative fundraising method that has quickly gained popularity among fintech and blockchain...

U.S. CFTC establishes fintech initiative ‘LabCFTC’ in New York

May 18, 2017 11:54 am UTC| Fintech

The United State Commodity Futures Trading Commission (CFTC) announced the launch of a fintech initiative LabCFTC that is aimed in promoting fintech innovation in order to improve the quality, resiliency as well as...

Singaporean fintech startup 4xLabs secures $1.5M in pre-series A funding round

May 17, 2017 09:09 am UTC| Fintech

Singapore-based fintech firm 4xLabs, that develops solutions for money services businesses and travellers in the cash exchange market, announced that it has raised an additional USD$1.5 million in pre-series A funding...

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Economy

India’s Investment Upgrade: A Historic Milestone for the "High-Quality EM" Narrative

SP Global has raised Indias sovereign credit rating to BBB from BBB-, with a Stable outlook, indicating the agencys first upward change for the country in 18 years. This major step increases Indias long-term rating one...

Asian Markets Rally as Oil Prices Tumble and Middle East Peace Hopes Emerge

Asian stock markets posted strong gains on Wednesday, driven by a sharp decline in oil prices and growing optimism over a potential diplomatic resolution in the Middle East. The broad-based rally swept across the region,...

Australia's Inflation Eases in February but Core Pressures Persist

Australias consumer inflation dipped slightly in February, though stubborn underlying price pressures are keeping the Reserve Bank of Australia cautious about cutting interest rates anytime soon. According to the latest...

Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears

Global oil prices dropped sharply on Wednesday during Asian trading hours, with Brent crude falling below the $100 per barrel mark for the first time in recent sessions. The steep selloff came after emerging signs of a...

Currency Markets Show Caution Amid U.S.-Iran Negotiations

Global currency markets displayed muted movement during early Asian trading on Wednesday, as investors remained cautious following conflicting signals surrounding U.S.-Iran peace negotiations. President Donald Trump...

Politics

Trump's Overhaul of American History: Museums, Monuments, and Cultural Institutions

Since returning to the White House, President Donald Trump has launched a sweeping campaign to reshape how American history is presented across cultural institutions, national parks, and public monuments. Framing his...

Pakistan's Diplomatic Rise: Mediating U.S.-Iran Peace Talks

Pakistan is emerging as a key global mediator in efforts to end the ongoing U.S.-Iran conflict, leveraging its unique position as a trusted contact for both Washington and Tehran. This diplomatic role could elevate...

US Accelerates Taiwan Arms Deliveries Amid Rising China Threat

Taiwans Defense Minister Wellington Koo confirmed Wednesday that the United States has expressed a strong sense of urgency in bolstering Taiwans military capabilities, with active efforts underway to resolve long-standing...

Trump Administration Settles Lawsuit Barring Federal Agencies from Pressuring Social Media Censorship

The Trump administration has reached a landmark settlement that prohibits three major federal agencies from coercing social media platforms into removing or suppressing constitutionally protected speech. The agreement,...

Cuba Receives Humanitarian Aid Convoy Amid U.S. Sanctions

Cuba welcomed a long-awaited shipment of international humanitarian aid on Tuesday, as activists from the global Nuestra America Convoy successfully delivered essential supplies to the island nation despite ongoing U.S....

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion

South Korean memory chip giant SK Hynix has submitted a confidential filing for a U.S. stock market listing in 2026, with sources indicating the move could raise as much as $14 billion. The company intends to offer...

Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push

Meta Platforms made a significant move this week by granting restricted stock units and stock options to several of its most senior leaders, including Chief Financial Officer Susan Li and Chief Technology Officer Andrew...

SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion

Elon Musks SpaceX is reportedly moving closer to going public, with plans to submit its initial public offering prospectus to regulators as early as this week or next, according to a report by The Information citing a...

OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership

OpenAI has officially shut down Sora, its AI-powered video generation tool, in a move that blindsided partners and staff alike and effectively ended a landmark deal with Walt Disney Co. The decision marks a major...

Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield

Tech-forward defense companies Anduril Industries and Palantir Technologies are reportedly joining forces to develop critical software for the United States most ambitious missile defense initiative to date the Golden...