Six months after San Francisco-based fintech company Synapse filed for bankruptcy, users are still scrambling to access their money, and about $90 million of customer funds is missing. Many are calling into question the legitimacy and safety of financial technology (fintech) companies. With the rising popularity of fintechs, should you be concerned? Here’s a closer […]
Cross-border payment hub, Tranglo, has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financial inclusion by providing efficient, affordable cross-border payment solutions to the region. By expanding its payout network to these eight countries in Africa, Tranglo aims to bridge […]
Americans’ confidence in the economy has improved considerably since before the 2024 election, according to a new survey. Gallup recorded a 9-point improvement in Americans’ confidence in the economy in its first poll since the Republican election sweep, with President-elect Donald Trump winning back the White House and the GOP securing control of both chambers […]
While most of Los Angeles sleeps, 58-year-old Melquiades Flores starts his day at 1 a.m., supervising the unloading of produce at M&M Tomatoes and Chile Company, the wholesaler he started in 2019. But the business that Flores hopes to pass to his children one day is bracing for a disruption. U.S. President-elect Donald Trump has […]
The demand for cryptocurrencies worldwide is soaring. In fact, the number of global users has increased by 30 per cent year over year and shows no signs of slowing down. To meet this demand, Hong Kong digital bank ZA Bank is now offering cryptocurrency trading services directly to its retail users. Through the ZA Bank app, users can now […]
The Middle East Investor Relations Association (MEIRA) is gearing up to host the MEIRA Annual Conference & Awards in Abu Dhabi. Hosted in collaboration with Abu Dhabi Securities Exchange (ADX), the event promises to bring together over 600 attendees, with more than 50 speakers across 10 sessions. Arriving in Abu Dhabi for the first time on 11 to 12 […]
US stocks on Tuesday shrugged off President-elect Donald Trump’s threat to impose new tariffs on China, Canada, and Mexico, with two major indexes securing fresh records. The S&P 500 (^GSPC) rose nearly 0.6% to nab a record close, while the tech-heavy Nasdaq Composite (^IXIC) also jumped about 0.6%. The Dow Jones Industrial Average (^DJI) reversed […]
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. The meeting summary contained multiple statements indicating that officials are comfortable with the pace of inflation, even though by most […]
Klarna says it is aiming to hire over 100 engineers by 2025 in Poland, tapping into a deep tech and AI talent pool. “Poland is Europe’s next tech powerhouse”, says Sebastian Siemiatkowski, co-founder and CEO of Klarna. “Warsaw’s exceptional engineering talent, thriving startup scene, and strategic location make it the perfect choice for our new […]
The bank is teaming up with energy company Ovo as its first merchant partner, offering customers the ability to pay for solar panels in instalments. More merchants will be added next year. HSBC Flexipay will be available to Brits regardless of whether they have an existing relationship with the bank, with the promise of quick […]
Warren Buffett shared on Monday his most detailed plan yet for his fortunes after death, while announcing he will continue to give away his staggering wealth. In a letter to shareholders, the iconic investor and Berkshire Hathaway CEO, who is 94, reflected on the nature of mortality, referencing how he once hoped his late first […]
Walmart, the nation’s largest private employer, is the latest company to make changes to its diversity, equity and inclusion initiatives under pressure from a conservative activist. The retail giant said it would not renew a racial equity center it created following the 2020 murder of George Floyd and it would no longer participate in an annual benchmark […]
