The UK-based firm has briefly stopped accepting new customers in India as it revamps its infrastructure after getting a license from the Reserve Bank of India that permits the app’s users to send more money overseas. Previously, outbound payments from India via Wise were capped at $5000 per transaction. The new licence means that Wise […]
Former President Donald Trump’s social media business is making a big bet on streaming as the rest of the company brings in shockingly little money. Even though Trump Media & Technology Group (DJT)is valued at $5 billion, the Truth Social owner revealed Friday evening it made just $837,000 in revenue last quarter. Thatmarks a 30% drop from […]
Adani Group companies shed as much as $19 billion in market value on Monday after Hindenburg Research accused the Indian market regulator probing the group of having links to offshore funds also used by Adani. Billionaire Gautam Adani’s flagship firm Adani Enterprises fell 2% in morning trade, while other companies in the group fell between […]
Checkout.com can now offer biometric authentication from Google Pay to brands that looking to increase their digital payment performance and speed up authentication for customers. By integrating with the secure payment authentication service from Google Pay, Checkout.com will offer device biometric checks like a PIN, password and facial recognition to speed up the checkout process […]
Supporting the gaming industry and developers in Quebec, Xsolla, a global video game commerce company has opened its first Canadian office in Montreal. The expansion has been made possible due to a collaboration with GameAddik, the video game advertising firm. This stemmed from the successful cross-service opportunities explored with GameAddik’s dedicated marketing solution, GameRebellion, creating a robust […]
Vice President Kamala Harris on Saturday fiercely disagreed with former President Donald Trump’s suggestion this week that U.S. presidents should have a say in the Federal Reserve’s interest rate decisions. “I couldn’t … disagree more strongly,” Harris told reporters in Arizona, referring to the Republican presidential nominee’s comments. “The Fed is an independent entity, and […]
Throughout his presidency, Donald Trump tried to pressure the Federal Reserve into cutting rates — a breach of protocol that threatened to undermine the independence of the central bank and its ability to keep jobs booming and inflation low. If reelected, Trump said Thursday he’d go further: He’d try to exert direct power over monetary […]
US-based paytech Payoneer has acquired Skuad, a global workforce and payroll management start-up based in Singapore, for $61 million in cash. Payoneer says the deal, carried out on 5 August, also includes “up to an additional $20 million of future payments in cash and equity” that are contingent upon Skuad achieving “certain performance and tenure […]
Wharton School Professor Jeremy Siegel no longer thinks it’s vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively. Siegel caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and his colleagues should institute an emergency 0.75 percentage point decrease […]
Oil prices edged higher on Friday on course for a weekly gain of more than 3% as U.S. jobs data eased demand concerns while fears of a widening Middle East conflict persisted. Brent crude futures were up 22 cents or 0.3% to $79.38 per barrel by 0845 GMT. U.S. West Texas Intermediate crude futures were […]
NerdWallet, a US-based financial comparison site, is set to cut approximately 15% of its full-time workforce as part of a restructuring plan intended to “reduce the company’s operating expenses and better position the company to execute its long-term strategic initiatives”. The company revealed the restructuring plan with the publication of its Q2 2024 financial results, […]
Totem Technologies, the US-based neobank founded in 2022 to democratise access to financial services for Native Americans, has “come to the end of its road”, says founder and CEO Amber Buker. In a post on LinkedIn at the end of last week, Buker writes: “We’ve already shared the news with our customers and tribal partners, […]
