The rise of digital platforms has significantly altered the landscape of property investment, offering tools and insights that were once unimaginable. As technology continues to advance, these platforms are becoming indispensable for investors seeking to streamline their research, make informed decisions, and execute purchases with greater efficiency. To explore this transformation, we asked industry experts […]
Dutch banking group ABN Amro has gone live with technology from cloud banking tech provider nCino and Norwegian software vendor Commercial Banking Applications AS (CBA) to accelerate its digital transformation and strengthen its trade finance transaction monitoring. ABN Amro has gone live on the nCino cloud banking platform to streamline its corporate lending operations and […]
DETROIT – Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday. Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such as a new electric commercial van […]
The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion late Monday for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, according […]
US payments giant Mastercard has confirmed it plans to cut around 3% of its full-time global workforce – around 1,000 employees – as a result of recently announced “organisational changes”. In April, the company revealed its plans to realign its organisational structure into three interdependent units: Core Payments, Commercial and New Payment Flows, and Services. […]
It’s worth repeating: What recession? On Monday, Goldman Sachs chief economist Jan Hatzius slashed his expectation for a US recession over the next 12 months to 20% from 25%. It was just 17 days ago when Hatzius lifted his recession probability to 25% from 15% following a surprisingly weak July jobs report. The move by […]
Gen Alpha is expected to top two billion people, making the children born between 2010 and 2025 the largest generation ever. They are also projected to have significant spending power, with Gen Alpha already earning $5,200 annually and having $45 per week in disposable income. Their earning potential will continue to grow as they mature. […]
One way to see what a quantum leap PCI 4.0 is for merchants is to consider the extended timeline for compliance. Unlike previous updates to the benchmark data protection protocol, which generally required retailers to comply within a year, this update provides a full three years. In his report PCI 4.0: What Merchants Need to Know, Don […]
DETROIT — General Motors is expanding its high-end GMC Yukon lineup to include a new “AT4 Ultimate” model as part of updates to the large SUV for the 2025 model year. The new model will slate in between the luxury “Denali” and “Denali Ultimate” models. The automaker declined to discuss pricing for the new AT4 […]
The urge to splurge resurged in July as consumers shrugged off inflation and visited on-site retailers to conduct their everyday spending. As reported by the Commerce Department on Thursday (Aug. 15), retail sales, unadjusted for inflation, were up 1% in July, well above the consensus estimates for a 0.4% boost. Overall, 10 of 13 spending categories tracked […]
Gold topped $2,500 an ounce for the first time, bolstered by hopes the US Federal Reserve is edging closer to cutting interest rates. Spot bullion climbed as much as 2.2% Friday, exceeding the previous record set last month, as a disappointing reading on the US housing market reinforced expectations of fast and deeper cuts by […]
Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. Most of the employees who will be affected by the move will be notified by the end of the current quarter, Reuters reported Friday (Aug. 16), citing a Mastercard […]
