Germany is considering selling up to a quarter of its Lufthansa stock
The German finance ministry said on Monday that it expects to sell up to a quarter of its 20% interest in Lufthansa (LHAG.DE) in the next weeks, noting favorable progress at the bailed-out airline. Following the announcement, Lufthansa shares fell as much as 4.9 % to 8.81 euros in early trading. The state bought a […]
PayPal will no longer charge late fees for Buy-Now
PayPal Holdings, Inc. (NASDAQ: PYPL) recently announced that it will no longer charge late fees on buy now, pay later purchases anywhere in the globe. Beginning October 1, new client purchases made with Pay in 4 in the United States, Pay in 3 in the United Kingdom, and Pay in 4X in France will be […]
The Afghan economy appears – a topic of concern!
The day after the Taliban took up residence in Kabul’s presidential palace, reclaiming control of Afghanistan two decades after US troops ousted them, fears of a return to the Taliban’s ruthless rule, as well as the threat of retaliatory killings, grew. Thousands of US troops were deployed into Afghanistan to help with the hasty retreat, […]
Ecobank is launching a contest for African startups!
Ecobank Group, a pan-African banking group, is looking for African Fintech companies to compete in its fourth Fintech Challenge. The Fintech Challenge, which allows innovative African entrepreneurs to market their fintech solutions, demonstrates the Bank’s commitment to supporting digitization. Ecobank may work with the startups to help them scale their solutions throughout the bank’s 33 […]
China’s financial sector will remain open
According to state media, China’s financial industry would open up, with better circumstances for foreign banks and insurance corporations entering the market. Despite tensions with the United States, China has opted to accelerate preparations to boost its banking industry to attract more foreign investment and strengthen the economy. According to state media, China would increase […]
Path Solutions Wins Best Islamic Fintech Company 2021 Award
July 19, 2021 – We are thrilled to announce that Path Solutions has emerged as a winner in the category ‘Best Islamic Fintech Company’ of the World Economic Magazine Awards 2021. Mohammed Kateeb, the Group Chairman and Chief Executive Officer of Path Solutions, commented, “At Path Solutions, we aim to create banking software solutions that enhance […]
Sundar Pichai, the CEO of Google, has issued a warning about risks to internet freedom
Google CEO Sundar Pichai recently emphasized that the free and open internet seems to be in danger in countries across the world. Many governments, he claims, limit sharing of information, as well as the concept is frequently overlooked. Pichai also discusses problems surrounding tax, privacy, and data in an in-depth interview with the BBC. He […]
The ‘midnight patrol’ in China is cracking down on young people
Tencent, a Chinese gaming behemoth, has been deploying facial detection technology to prevent youngsters from playing between the hours of 22:00 and 08:00. According to the company, the “midnight-patrol” technology would prevent “tricks” from avoiding the government curfew, which was implemented in 2019 with a cap on how much young gamers would invest in-game transactions. Gamers […]
Developed East Asia soars in math and science test results
Students from developed East Asia are leading the world in math and science according to just-published results of exams delivered to 600,000
Shyness did not keep dressbarn co-founder from big retail leaps
NEW YORK (Reuters) – When Roslyn Jaffe and her husband decided to start the first dressbarn store in the early 1960s, it was a retail experiment. Discounting was new to the industry, but the Jaffes decided to try it out with one store in Stamford, Connecticut. Elliot kept his day job at Macy’s while Roslyn […]
