UAE digital asset users will be able to take advantage of international cross-border bank, Standard Chartered‘s digital asset custody service as it lands in the country. The service has been given the green light to operate in the Dubai International Financial Centre (DIFC) by the regulator, Dubai Financial Services Authority (DFSA). The announcement follows the memorandum of understanding (MoU) which was signed […]
Airline payments powerhouse UATP says it will offer buy now, pay later services from Klarna AB. Meanwhile, CellPoint Digital has signed Arajet, a Dominican Republic startup airline as a payments-processing client. UATP, a Washington, D.C.-based global payments network, says its new partnership with Klarna will enable airlines to offer Klarna’s BNPL payment option to customers. […]
Visa (V.N), opens new tab plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, […]
New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday. ″… In some places — especially in the U.S. — we aren’t always delivering,” Niccol wrote in the open letter addressed to customers, […]
The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely expected interest rate cut soon. On Wednesday, the Labor Department’s Bureau of Labor Statistics will release its consumer price index report for August. A day later, the BLS issues its producer price index report, […]
The report follows initial concerns raised by the FDIC and two other federal banking regulatory bodies in late July, which introduced specific guidance requiring all banks under its jurisdiction to monitor and regularly reconcile any accounts they hold or manage – no matter the source or type of relationship involved. The FDIC, Office of the Comptroller of the […]
Brazil’s central bank has been working on a digital real project for several years, beginning a first pilot phase in 2023 testing privacy and programmability functionalities through the implementation of a specific use case. Now, it has whittled down proposals for a second phase from 42 to 13, using the infrastructure already created to test […]
Norfolk Southern’s board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to three people familiar with the matter. The company confirmed late Sunday evening it was probing Shaw over “possible conduct” that violated the company’s code of ethics and that it had hired outside legal counsel to investigate. The probe is in its early […]
On Monday Google will go to trial to defend against claims filed by the Department of Justice (DOJ) about some of our advertising technology. In court, we will show that ad buyers and sellers have many options, and when they choose Google they do so because our ad tech is simple, affordable, and effective. In short […]
Tabby, the shopping and financial services app for the MENA region, has agreed to acquire Tweeq, the Saudi-based digital wallet licensed by the Saudi Central Bank. Announced at 24 Fintech, Saudi’s flagship fintech event, Tweeq will partner with Tabby following the acquisition, pending regulatory approval, to expand its services within Tabby’s ecosystem and consumer scale. By offering accessible savings and […]
Job openings fell more than expected in July. The data comes as investors closely watch for signs of further cooling in the labor market amid speculation the Federal Reserve will cut interest rates this month. New data from the Bureau of Labor Statistics released Wednesday showed there were 7.67 million jobs open at the end […]
President Joe Biden is prepared to block Japan’s Nippon Steel’s proposed acquisition of US Steel, two sources familiar with the matter said, a move that would deal a major blow to the $14 billion merger that has become a lightning rod in an election year as candidates on both sides of the aisle vow to protect American manufacturing. […]
