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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

LG Energy, Isuzu Motors ink deal for $765M EV battery supply

LG Energy Solution Ltd., a South Korean battery manufacturing company, has signed a deal with Japans Isuzu Motors for the supply of batteries for its electric vehicles. It was reported that the Japanese automaker decided...

CJ ENM, The Sandbox team up to build metaverse in LAND

CJ ENM signed a deal with The Sandbox to promote its TV programs in the metaverse. The South Korean entertainment company announced their partnership on Monday, July 4. The Sandbox was initially launched as a 3D game in...

Yum Brands in advanced talks to sell KFC in Russia

KFCs parent company, Yum Brands Inc., revealed on Tuesday, July 5, that it is close to selling its fried chicken restaurant business in Russia. The company confirmed it is already in advanced talks to transfer franchise...

SAS Scandinavian airline files for bankruptcy amid strike staged by the pilots

SAS Scandinavian Airlines has filed for Chapter 11 in the United States as its pilots stage a strike that has grounded flights. The company made the move to push and hasten its company restructuring plans. According to...

Kanye West served a burger restaurant a cease and desist order, forcing it to change its brand name and logo

Kanye West reportedly forced an Australian burger restaurant to stop using its name and logo by serving it with a cease and desist order. The American rapper and producer asked the College Dropout Burgers to stop using its...

Politics

NATO in talks to set up naval base in Albania, says PM

Albanian Prime Minister Edi Rama said Friday last week that they were having discussions with NATO about building a naval base at a port that is under construction on the Adriatic Coast for the alliance. This also comes...

Russia-Ukraine conflict: Ukrainian flag will be raised on Snake Island after withdrawal of Russian forces

In the midst of the advances Russia has claimed to make in its war with Ukraine, Kyiv has also made gains in the heavy conflict centered on its eastern territory. Ukraines military said the Ukrainian flag would soon be...

European Union to establish platform for rebuilding of Ukraine

The European Union is already looking to address efforts to rebuild Ukraine as it continues to resist the aggression by Russian forces. European Commission President Ursula von der Leyen said the EU would be setting up a...

North Korea blasts US-South Korea-Japan agreement on enhanced military cooperation

North Korea has continued to accuse the United States of trying to establish a military alliance similar to NATO as of late. Pyongyang has made the accusation again following the agreement by the US, South Korea, and Japan...

Science

New S. Korean technology repairs car scratches through sunlight exposure

The Korea Research Institute of Chemical Technology has developed a new self-healing coating material that repairs car surface scratches through sunlight exposure. To change their chemical properties and make high...

Sea lettuce used as cow feed may lower marine ecosystem threat

A joint study conducted by a local feed manufacturer and Konkuk University showed that cows fed with a newly developed feed containing sea lettuce emitted 28 percent less methane gas than those who werent. Cows fed sea...

S. Korean scientists develop robot skin that senses tactile stimuli, self heals

A research team from the Korea Advanced Institute of Science and Technology (KAIST) has developed a robot skin that can sense external tactile stimuli and recover from injury when damaged. The newly developed robot skin...

Absolut enlists startup's help in developing fiber-based bottle cap

The Absolut Company is enlisting the help of Swedish start-up Blue Ocean Closures in developing a fiber-based closure cap for its Absolut Vodka bottle. The caps design uses a combination of sustainably sourced FSC fiber...

S. Korea to produce biodegradable plastic with seaweed

South Koreas Ministry of Oceans and Fisheries and a research team at Pohang University of Science and Technology will begin developing technology that uses marine plants to produce biodegradable plastic material. Among...

Technology

Coca-Cola to launch Pride Series NFTs

Coca-Cola will be launching 136 Pride series NFTs in collaboration with designer and advocate for LGBTQIA+ rights, Rich Mnisi. Some of the NFTs are already listed on OpenSea. The Coca-Cola Pride Series NFTs have a...

Apple Watch Series 8 could gain body temperature sensor, report says

The Apple Watch Series 8 may be gaining a new health sensor that could be helpful amid the ongoing pandemic. A new report suggests Apple could ship its next generation of smartwatches with a new feature that can monitor...

Report: AirPods Pro 2 will not feature a heart rate monitor

The rumored heart rate monitor feature on the AirPods Pro 2 is reportedly unlikely to become a reality this year. But it could be something that Apple would introduce in future versions of the true wireless...

EA unveils ‘Skate 4’ ‘pre-pre-pre-alpha’ gameplay trailer

Skate 4 was announced nearly two years ago, but fans might still have to wait a long time before the game is released. EA and developer Full Circle released the latest trailer for the game, but it is not the usual teaser...

MacBook Air with M2 chip could arrive in stores in mid-July

The retail launch of the redesigned MacBook Air is reportedly close, with new information claiming that Apple fans will soon be able to pre-order the device. It appears that the tech giant is on track to release the new...
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