Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on “The Joe Rogan Experience” podcast and accused Taiwan of stealing America’s chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Such tariffs would impact the global leader […]
JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called […]
With the upcoming launch of its first digital bank, Egypt now has a massive opportunity to boost financial inclusion across the country, not to mention lay the groundwork for a thoroughly modern, customer-centric banking system. In early May, the Central Bank of Egypt (CBE) granted preliminary approval to Misr Digital Innovation (MDI), the investment subsidiary […]
Japan’s benchmark Nikkei 225 and its Topix index climbed on Monday after the country’s Liberal Democratic Party lost its majority in Japan’s lower house following elections on Sunday. The LDP and its coalition partner Komeito have secured 215 out of 465 seats, public broadcaster NHK reported early Monday morning local time. The opposition Constitutional Democratic […]
Oil prices tumbled more than $3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at […]
In a letter to the World Bank Group this week, nine industry groups, including the Electronic Transactions Association and the Payments Leadership Council, expressed their “strong support” for the World Bank Group’s digital public infrastructure (DPI) initiatives, but expressed concern about DPI policies that don’t “adhere to international guidance and best practices.” The letter outlined […]
Truist is among the top 10 in the US and 67th in the world rankings by assets ($535 billion.) As a large bank, there is opportunity for differentiation and specialisation that Ward believes helps Truist stand out among its regional and national peers. Ward joined the Charlotte, North Carolina-based institution, a key sponsor of the AFP conference […]
This year they received 133,019 financial complaints compared to 93,114 in 2023. The majority of the complaints were related to banking and credit, with 101,031 complaints lodged in 2024, whilst only 56,690 were filed in 2023. In addition, in 2024 more than half of the banking and credit-related complaints were brought by professional representatives, as […]
United Airlines is the best-performing U.S. airline stock this year. It wants to be the most profitable carrier, too. United shares are up more than 80% since Jan. 1, more than double the gains of Delta Air Lines, the country’s most profitable airline. United has been flying for nearly a century and is the world’s […]
In travel news this week: American Airlines tackles line-jumpers, the world’s best bars for 2024, plus National Geographic and Lonely Planet reveal their top destinations for the year ahead. Gate lice: What they are and why they’re a problem This is going to be tough news to hear if you’re someone who likes to gather […]
Weekly jobless claims unexpectedly fell last week in a sign that turnover in the labor market remains low. New data from the Department of Labor showed 227,000 initial jobless claims were filed in the week ending Oct. 19, down from 241,000 the week prior and below the 242,000 economists had expected, per Bloomberg data. Thursday’s […]
Fresh data out Thursday showed the US economy remains on track to grow at a solid pace through the end of 2024. S&P Global’s flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 54.4 in September, down from 54.6 in August. Economists had expected the index to […]
