Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group’s billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group’s listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile […]
Canada’s Competition Bureau is suing Alphabet’s (GOOGL.O), opens new tab Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday. The Competition Bureau, in a statement, said it had filed an application with the Competition Tribunal seeking an order that, among other things, requires Google to sell two of its ad […]
These days, the luxury consumer looks for more than just high-quality products, placing as much importance on a smooth and convenient shopping experience as they do the goods they are spending on themselves. Increasingly, this has extended to transactions, with affluent customers eager to be able to make safe and seamless payments for high-value items […]
Africa’s digital payment landscape is undergoing a rapid transformation, driven by the increasing demand for efficient, secure, and accessible transaction methods. Consumers and businesses alike are embracing these solutions, leading to significant growth in the sector and unlocking vast opportunities across the continent. “Policies such as the CBN’s cashless initiative are propelling the adoption of […]
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 […]
