In a significant step towards expanding its business model, U.S.-based blockchain startup Ripple unveiled new custody services aimed at enhancing the security of digital assets for banks and financial technology (fintech) firms. This strategic move, announced on a Thursday, marks Ripple’s ambitious foray into the relatively new venture of crypto custody, which has gained traction
Business
Samsung Electronics has recently disclosed a projected decline in profits for the third quarter, falling short of market expectations and presenting a robust contrast to its past performance. The South Korean technology titan, renowned as the leading manufacturer of memory chips globally, anticipates an operating profit of approximately 9.10 trillion won (around $6.7 billion) for
Amid ongoing economic turbulence, China’s National Development and Reform Commission (NDRC) is tasked with navigating the complexities of revitalizing the nation’s economy. On Tuesday, Zheng Shanjie, chairman of the NDRC, held a press conference to reiterate the government’s commitment to economic growth. His statements, however, fell short of the expectations of many investors looking for
In a surprising turn of events, REA Group, a prominent Australian property firm partly owned by media magnate Rupert Murdoch’s News Corp, announced it would discontinue efforts to acquire the U.K. property portal Rightmove. This decision followed Rightmove’s rejection of REA’s fourth offer, which the U.K. firm labeled as significantly undervaluing its business and future
In the United Kingdom, a brewing conflict between traditional banking institutions and social media companies highlights the pressing issue of online fraud. The debate centers around accountability and compensation—specifically, the responsibilities of banks versus those of tech firms when victims lose money to scams perpetrated through digital platforms. As consumer trust hangs in the balance,
The U.S. stock market often experiences fluctuations influenced by various economic factors and geopolitical tensions. September 2023 showcased a noteworthy performance, primarily attributed to a long-anticipated interest rate cut by the Federal Reserve. However, the month also brought rising geopolitical tensions, particularly in the Middle East, which pose potential risks to investor sentiment. Amid this
In recent years, the real estate industry has begun to witness a paradigm shift driven by the advent of artificial intelligence (AI). Traditionally viewed as a sector slow to embrace modernization, real estate is now rapidly evolving, with AI fundamentally transforming how buyers and sellers interact with real estate agents. This transformation marks a significant
Reservoir Media, a dynamic player in the music industry, operates on a multi-faceted business model that combines the elements of music publishing, recorded music, and rights management, particularly within the Middle East. Despite experiencing significant growth and a strong catalog of works, the company faces scrutiny from activist investors, indicating potential strategic shifts. This article
In a landscape marked by rapid technological advancements, two of the foremost payment processing giants, Mastercard and Visa, are actively seeking to diversify their offerings beyond traditional credit and debit card services. The announcement on Tuesday regarding Mastercard’s acquisition of Minna Technologies—a firm specializing in subscription management software—marks a significant step toward this goal. With
In the wake of Hurricane Helene’s destructive force in the Southeastern United States, travelers face significant challenges with air travel adjustments. The hurricane, which made landfall in Florida as a Category 4 storm, has wreaked havoc across multiple states, claiming lives and leaving thousands without basic utilities. Consequently, those looking to reschedule flights to or