Asset manager BlackRock Inc is launching a months-long process on Tuesday to help the Federal Deposit Insurance Corp offload $114 billion of assets it picked up recently from failed banks, Bloomberg News reported on Monday, citing emails. Earlier this month, the Federal Deposit Insurance Corp (FDIC) retained BlackRock’s unit to sell the securities portfolios it […]
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Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than the national average, citing […]
A look at the day ahead in Asian markets from Jamie McGeever. Investors’ focus on Tuesday rests squarely on China: From an economic and market perspective, eyes are on a raft of data including first-quarter GDP; while the latest twist in souring U.S.-Sino relations will do little to ease geopolitical concerns. U.S. law enforcement officials […]
Earth-bound businesses, industries, and investors increasingly look for space to do business, compete, and invest. The continuous growth of the space economy is dependent on space enterprises showing their relevance to non-space organizations and pushing beyond existing industrial startups relationships and government contract money. Space Startups Many executives, analysts, and investors believe that the boom […]
Technology has revolutionized the world and is playing a significant role in the economic development of Africa. With advancements in mobile technology, African countries are embracing technology as a key driver of growth. The accessibility to financial services, e-commerce, and information through mobile technology has brought about positive changes in the lives of millions of […]
Big Tech has been making headlines lately as governments all over the world are scrutinizing their business practices. In fact, Germany’s FCO found Apple to be “of paramount significance for competition across markets” earlier this month. But what does that mean for small and medium enterprises that use Big Tech’s platforms to advertise themselves, like […]
Saturday April 15, 2023, Côte d’Ivoire – Early this morning, Tiemoko Antoine Assale, director of the satirical weekly “L’Eléphant déchaîné,” went live on Facebook calling for the boycott of Orange and MTN, two prominent telecom operators in the region, from the 15th to the 18th of April. Deputy Assale is the only one out of 255 committed to […]
Italy’s recent move to ban ChatGPT, a popular chatbot powered by artificial intelligence (AI) developed by Open AI, has sparked a heated debate among European regulators. While some argue that Italy’s ban is driven by concerns over data privacy and compliance with the General Data Protection Regulation (GDPR), others suspect geopolitical factors are at play. […]
The 2020s are shaping up to be big years for governments’ antitrust legislation all over the world. Earlier this month, Germany’s Bundeskartellamt (Federal Cartel Office FCO) regulator designated Apple a “company of paramount significance for competition across markets,” adding Apple Inc. to Google and Meta which were determined with binding effect the same on May […]
The transformative potential of blockchain technology has been compared to that of the internet in the 1990s. Blockchains, like the internet, have the potential to drive dramatic institutional efficiency gains, save billions through reduced operational, financial, legal, and governance costs, create widespread process redundancy, significantly reduce counterparty, and market risk, and reshape the financial market […]