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How fintech can help Indonesia's small and medium enterprises survive the COVID-19 pandemic

Nov 08, 2020 11:07 am UTC| Technology Fintech

In Indonesia Southeast Asias largest economy small and medium enterprises (SMEs) contribute to around 60% percent of the nations economy and absorb 97% of its domestic workforce. However, while there are more than 60...

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...

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Economy

McDonald’s misses earnings estimates due to rising costs, pandemic woes

McDonalds fell short of its revenue, and profit estimates, and the company cited rising costs and low sales turnout in its more than 4,500 store outlets in China and Australia. It said that the issues brought by the...

Nike appoints Ann Miller as new executive vice president

Nike, the American footwear and sports apparel company, announced it had promoted Ann Miller to be its new executive vice president and general counsel. Her assignment is set to take effect on Feb. 17. Portland Business...

S. Korea’s Largest Solar Farm Begins Operations

South Koreas largest solar power plant that covers an area of 1.42 million square meters, encompassing four towns in the southwestern county of Shinan has begun operations. The solar farm, which holds a capacity of 150...

S. Korean institute develops chimney smoke fine dust filtration system

The Korea Institute of Machinery and Materials had developed a system that filters fine dust in the white smoke emitted from thermoelectric power plants and waste incinerating facilities through simultaneous cooling and...

Politics

Donald Trump 'strong-armed' the RNC into paying his legal fees

Former President Donald Trump is facing several lawsuits and investigations, a few of which were related to the 2020 elections and his efforts to overturn the election results. Attorney Tristan Snell explained how Trumps...

Mark Meadows aide testified before Jan. 6 committee

The congressional committee investigating the January 6 Capitol insurrection is steadily making more and more progress into piecing together the events that took place. Another development to the panels probe is that they...

Kamala Harris to play important role in selecting new SCOTUS justice

Speculations have now begun as to who US President Joe Biden will be nominating as the next Supreme Court justice. Vice President Kamala Harris is set to play a key role in the selection of the next justice of the high...

Joe Biden, Drew Barrymore, others to honor Betty White in tv special

US President Joe Biden will take part in a television special honoring actress and comedienne Betty White, who passed away in December. Biden will be alongside many other celebrity guests in the special that is set to air...

Science

Hyundai Steel develops high crack resistance steel plates for EVs

Hyundai Steel Co. had developed a premium 1.5GPa martensitic (MS) steel plate for eco-friendly vehicles, which has a higher crack resistance than any other in the same product category. South Koreas No. 2 steelmaker...

Japanese lunar exploration firm Ispace plans first moon landing by private firm

Ispace Inc. will execute the worlds first moon landing by a private company through its unmanned lunar lander, which will be launched by the end of this year from the US. It will carry lunar probes developed separately...

SK Chemicals to ramp up production of chemically-recycled PET for food containers

SK Chemicals Co. has ramped up its production of chemically-recycled (CR) PET for the food container market, made by chemically decomposing waste plastics to turn them into pure raw materials and then used for...

S. Korean researchers develop portable ‘electronic nose that checks meat freschness

The Korea Research Institute of Bioscience and Biotechnology developed a portable electronic nose that can check in real-time whether meat has spoiled. The research team developed the electronic nose by creating two...

S. Korean scientists develop protein absorbent that collects rare earth elements from steel slag

A Gwangju Institute of Science and Technology research team has developed a protein absorbent that can collect rare earth elements from steel slag, an industrial by-product. The research team succeeded in selectively...

Technology

OnePlus Nord CE 2 5G will reportedly launch on February 11

It now looks like February is going to be a huge month for people looking to upgrade to a new mid-range phone as well. A recent leak suggests the OnePlus Nord CE 2 5G could be announced in February. To recap, the first...

‘Death Stranding’ PC gamers will only pay $10 for the Director’s Cut upgrade

PC gamers finally have a release date for the Death Stranding: Directors Cut on Steam, and it is happening quite soon. Another good news is that players who have already purchased the base game do not have to buy the...

‘Hyper Scape’ servers to shut down on April 28

Ubisoft announced on Thursday that it would stop the development of Hyper Scape in the coming months. That also means its servers will be shut down soon, leaving its loyal fans only a few months left to keep playing the...

Epic Games Store will continue offering weekly free games in 2022

Epic Games Store users will continue getting one of the best deals throughout 2022 as Epic Games announced that the weekly free game giveaways will still be available on its digital storefront. Players have also been...
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