The co-founder of an online money transfer service claimed that cryptocurrencies aren’t flexible enough to be adopted on a widespread basis. TransferWise is an Estonian developed and U.K.-based money transfer service, launched in January 2011. Its co-founder and CEO, Kristo Kaarmann, said Monday that while cryptocurrencies are interesting, they currently have limited use. “It would […]
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Facebook reportedly gave personal data to 60 companies including Apple, Amazon and Samsung
Facebook struck dozens of data-sharing deals with smartphone and tablet makers over the last decade, according to a report by The New York Times. The newspaper revealed Sunday that Facebook had formed at least 60 data-sharing partnerships with device makers including Apple, Amazon, Microsoft and Samsung over the last 10 years. Without explicit consent, these […]
Read moreGlobal gross domestic product (GDP) growth could take a hit to the order of around one percent if tariff threats escalate into a trade war, S&P Global’s chief economist forecast Monday. It may not be a global recession, but “one could imagine a scenario where rather than global growth in the threes we have global […]
Read moreRising fuel costs and the threat of a trade war will not affect Cathay Pacific’s plan to turn in a profit in 2019, Chief Executive Rupert Hogg said on Monday as the airline seeks to recover from two straight years of losses. The flag carrier of Hong Kong is currently in the midst of a […]
Read moreAn anti-immigration opposition party won Slovenia’s parliamentary election on Sunday, taking 25 percent of the vote, according to preliminary results. However, the center-right Slovenia Democratic Party (SDS) of former prime minister Janez Jansa may struggle to pull together a government as its hardline stance on immigration has left it short of potential coalition partners. Jansa […]
Read moreTransferWise announced a partnership Monday with France’s Groupe BPCE to offer its low-cost money transfer service to the lender’s customers, marking the first integration of the U.K. start-up’s product with a major bank. The London, U.K.-headquartered firm specializes in cross-currency money transfers at a lower cost than traditional banks. The process of moving currencies around […]
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Italy's UniCredit reportedly exploring merger with French rival SocGen
Italy’s biggest bank, UniCredit SpA is exploring a merger with France’s Societe Generale SA in a move that would see the European banks leading the way for banking mergers on the continent, the FT said on Sunday. UniCredit’s French chief executive, Jean-Pierre Mustier, a former head of SocGen’s investment banking unit, has been developing the […]
Read moreEuropean markets are set to open higher on Monday amid a slew of corporate news, and despite an anti-immigration party winning an election in euro zone country Slovenia over the weekend. The Italian FTSE MIB leads the charge, set to open 234 points higher at 22,323. The German DAX is seen up 80 points at […]
Read moreThe hot-and-cold relationship between the world’s two largest economies could potentially take a turn for the worse on June 12. Not because of the anticipated U.S.-North Korea summit scheduled for that day, but due to a new office building in Taiwan. The American Institute in Taiwan, a non-profit that operates as the de-facto U.S. embassy […]
Read moreNorth Korea’s top three military officials have been removed from their posts, a senior U.S. official said on Sunday, as U.S. President Donald Trump and North Korean leader Kim Jong Un prepare to meet on June 12 in Singapore. The U.S. official, who spoke on condition of anonymity, was commenting on a report by South […]
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