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Microfinance loans could spell disaster in the time of coronavirus

Jul 22, 2020 12:26 pm UTC| Fintech Economy

When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global attention. Microfinance...

South African banks need to do more to ensure financial inclusion

Jul 02, 2020 15:11 pm UTC| Economy Fintech

An analysis of financial inclusion in South Africa shows that affordability limits poor households access to formal financial services. In our study, which looked at peoples use of financial goods and services between 2008...

The price of AI art: Has the bubble burst?

Jan 07, 2020 15:33 pm UTC| Insights & Views Fintech

Last fall, an AI-generated portrait rocked the art world selling for a staggering US$432,500 at Christies auction house in New York. The portrait called Edmond de Belamy features a slightly out-of-focus man with no nose...

Blockchain Revolution Series

Digital Currency Revolution

Iran works on national blockchain platform and cryptocurrency

Aug 28, 2018 03:31 am UTC| Digital Currency Fintech

Iran is developing a national blockchain platform which will enable the country to build a money transfer network with its allies, an official at the Central Bank of Iran was recently quoted saying. Speaking during a...

Blockchain Revolution Series

BankSign: Samsung SDS announces blockchain-based co-verification platform for banks

Aug 27, 2018 10:58 am UTC| Digital Currency Fintech

Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, has developed a blockchain-based certification system, Yonhap News Agency reported. Dubbed BankSign, the platform has been set up in collaboration...

Blockchain Revolution Series

Reserve Bank of India sets up new blockchain and AI-focused unit

Aug 27, 2018 05:37 am UTC| Digital Currency Fintech

The Reserve Bank of India (RBI) has set up a new unit to ramp up its efforts in the area of blockchain technology and artificial intelligence, according to The Economic Times. Sources familiar with the latest...

Blockchain Revolution Series

World Bank raises A$110M via blockchain-based bond transaction

Aug 27, 2018 03:34 am UTC| Digital Currency Fintech

The Commonwealth Bank (CBA) has officially announced the details of the blockchain-based bond transaction last week. Earlier this month, the World Bank announced that it has mandated CBA as the sole arranger of the...

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Economy

China’s super-rich got $1.5 trillion richer during pandemic

Chinas super-rich earned $1.5 trillion in 2020, more than the past five years combined, due to the popularity of e-commerce and gaming boomed during lockdowns. An extra 257 people also joined the billionaire club in...

Japan, China may restart mutual business travel in Oct.

Japan and China may restart its two-way business travel for both short- and long-term businesspeople as they seek to revive their economies. Around 9.59 million Chinese visited Japan in 2019, including about 370,000...

Australian weekly consumer sentiment rises for seventh consecutive week

Australian weekly confidence rose for the seventh consecutive week. The ANZ-Roy Morgan Australian consumer sentiment index rose 0.4 percent. A solid rise of 5.8 percent in Time to buy a household item underpinned the...

New Chinese law restricts sensitive exports, prescribes retaliation against threats

China has passed a new law restricting sensitive exports and taking reciprocal measures toward countries or regions that abuse export controls and threaten its national security and interests. Export controls under the...

Egypt exceeds IMF's growth expectation amid pandemic

Egypt exceeded the International Monetary Funds (IMF) expectations during the COVID-19 pandemic, prompting the latter to raise its estimate of the countrys economic growth rate from 2 percent during the last fiscal year to...

Politics

Alexandria Ocasio-Cortez’s Twitch debut gains 426,000 peak viewership

Twitch welcomed a new, already-popular streamer on Wednesday as Democratic Rep. Alexandria Ocasio-Cortez (D-NY) joined the platform. More than 400,000 viewers tuned in throughout her first stream where she played Among Us...

World War 3 fears: Expert warns new 'cold war' could take place in South America again

Over the years, there remain the tensions between the United States and Russia since the cold war, and should it escalate further, it could lead to an all-out conflict. An expert has warned that the cold war or a world war...

Ivanka Trump talks about activities she took up during pandemic amidst increasing unemployment and poverty

White House adviser Ivanka Trump is currently on the campaign trail to boost her father Donald Trumps reelection chances with less than two weeks to go until the elections. As more and more Americans suffer in this...

Joe Biden news: Analysts predict what may happen to Chinese yuan if former VP is elected president

As election day nears, there has already been some speculation on what certain aspects may look like should either Donald Trump get reelected or should Joe Biden win the presidency. With Bidens focus on strengthening local...

Joe Biden criticized: Piers Morgan slams former VP for not coming forward to address his son Hunter Biden's emails

Following the controversial story on the New York Post regarding alleged emails from Joe Bidens son Hunter Biden, Donald Trump and his allies have used this to attack the Democratic candidate. Controversial tv personality...

Science

Asteroid news: NASA runs yearly drills for planetary defense in case of possible space rock collisions

With certain asteroids, such as the rock that marked the decline of the dinosaurs millions of years ago, posing a threat to Earth because of their size, the need for planetary defense has become a priority for agencies...

Asteroid warning: Neil Degrasse Tyson says a 'refrigerator-sized' asteroid will pass by Earth on November 2

Some asteroids have approached Earth at very close distances, some even getting past the Moon. Renowned scientist Neil Degrasse Tyson has warned one particular asteroid that will be approaching Earth at an incredibly close...

NASA news: Agency teams up with Nokia to install 4G on the Moon's surface

One of the goals space agencies like NASA have is to further space exploration which will hopefully lay the groundwork for potential colonization of our neighboring planets. Most recently, NASA is now partnering with...

Alien discovery: NASA archive data suggests life on Venus was first found in 1978

In recent months, there has been a renewed interest in Venus, especially when it comes to finding aliens on the planet. However, a new revelation suggests that the recent discovery was not at all new, but rather already...

Technology

Phil Spencer: No ‘The Elder Scrolls 6’ launch on PlayStation won't prevent 'recoup' of $7.5 billion ZeniMax acquisition

The year 2020 has been full of surprises, and that rings true for the video game industry as well. Microsoft broke the internet after announcing its $7.5 billion acquisition of ZeniMax Media and its subsidiaries, including...

Netflix free ‘StreamFest’ weekend kicks off in India on Dec. 4

Netflix is trying new ways to attract new monthly subscribers to its online media streaming platform, and one promo that has been confirmed is called StreamFest. It appears to let non-subscribers to enjoy Netflixs full...

‘Apex Legends’ Nintendo Switch release date announcement could be imminent

It is n secret that one of EA and Respawn Entertainments ongoing projects is to bring Apex Legends to more platforms and garner more active players for its breakout free-to-play battle royal title. While launching the game...

Apple silicon Macs reportedly slated to be announced in November

Apples biggest events of 2020 have already taken place, where new iPad, Watch, and iPhones have been announced. However, the tech giant is expected to have one more product unveiling before the year ends focused on the...
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