In an increasingly digital world, with the countries around the world opting for a cashless economy, these cyberattacks go to highlight the vulnerabilities of the global financial network and the urgent need to harden and strengthen them. While going cashless… Read More ›
Economy & Finance
Bitcoin Business to be Discarded by Payments start-up Circle
Since it has failed to become a meaningful part of its business, U.S.-based Circle Internet Financial Ltd will no longer allow customers to buy and sell bitcoin. The company is a social payments app backed by Goldman Sachs, it said… Read More ›
Banks Listen in on Phone Calls to Discover the Best Traders
If one intends to get hired as a trader, one should be careful, not about what one says, but how one says it. Voice analysis technology aimed at identifying behavior associated with a successful career as a trader is being… Read More ›
This Startup Hawks Edible Body Paint and Lingerie in Conservative India
With a consistent doubling of annual sales, gross margins exceeding 50 percent, low customer acquisition costs and strong repeat traffic, the Indian e-commerce startup That’s Personal touts financial metrics that venture capitalists typically salivate over. And despite this, it is… Read More ›
Trump Offshoring Policy Faces Big Test Case in Apple Inc
Questions about whether the president-elect Donald Trump can actually return offshored jobs back to the United States would be proven to be true or false by Trump’s negotiations with Apple, said Inside.com CEO Jason Calacanis in the TV interview. A… Read More ›
Post-Brexit Plan to British Government Proposed by London Tech Leaders
Entrepreneurs and investors have warned that if the British government does not clarify how it plans to keep the best technical talent, London’s standing as Europe’s leading destination for tech start-ups is at risk. The government was pressed to act… Read More ›
Foxconn Eyes U.S. Expansion, Softbank’s Son Pledges $50 Billion as Trump Woos Asian Firms
As U.S. President-elect Donald Trump pushes to bring manufacturing and jobs back home, two of Asia’s biggest technology companies said they were looking to expand investment in the United States. Apple Inc supplier Foxconn said it was in preliminary discussions… Read More ›
Goldman and Deutsche Bank say as Cash Crunch Impact Ebbs, India’s Economy to Rebound Next Year
Even as a massive cash crunch is expected to drag growth lower in the current year, India will rejoin the ranks of the fastest growing major economies in the world next fiscal year. While Goldman Sachs pegged the growth rate for… Read More ›
Alipay Expands into Europe with Deals with Banks, Hints at Apple Pay Rival
As Ant Financial, the Alibaba affiliate, continues to expand in Europe, announced partnerships with European banks. The company runs the Alipay payments service. The company claimed that an additional 930,000 merchants would be allowed to start accepting Alipay if they wish to… Read More ›
Barclays exits from trading in energy
Barclays exit isn’t surprising since many large investment banks have also minimized their profile in the energy trade following the 2008 financial crisis. While merchant traders have sought to fill its shoes, given their aversion to the futures market and… Read More ›