Deutsche Telekom showcased an app-less AI smartphone concept that relies on artificial intelligence rather than apps to handle users' needs.
Banking
Alibaba's affiliate, Ant Group outbids Citadel Securities for Credit Suisse's bank venture in China. Will the offer succeed?
Quantum computing startup Alice & Bob designed an error correction solution, shrinking the size of quantum computers for practicality.
In X news today, Elon Musk is set to transform X, previously known as Twitter, into an all-encompassing financial hub by 2024.
It’s been tagged as the biggest deal banking in the world since the dark days of 2008. The UBS takeover of Credit Suisse. But the imminent collapse of Credit Suisse which preceded it also tarnished the reputation of Switzerland’s banking credibility. The deal creates a wealth management group with a $1.6 trillion balance sheet, effectively […]
The mass adoption of fintech has transformed people’s views of their finances and behaviors as consumers. Could this be the end for banks?
Will First Republic Bank Collapse be a catalyst for a new digital banking system? Will it be linked to the rise of CBDC and cryptocurrencies.
Deutsche Bank is looking for ways to minimise business disruption as it reduces risks from its Russian technology operations in line with the law, Germany’s biggest lender said on Wednesday. The comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technology operations in […]
A senior Volkswagen AG China executive reiterated on Saturday the German automaker’s commitment to quickening the pace of electrification in the world’s second largest economy despite issues such as intensified competition and weak demand. VW plans to increase the number of charging posts for electric vehicles in China to 17,000 by 2025, as it planned […]
China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen “irresponsible” and “unreasonable” after Yellen said Beijing’s lending activities leave developing countries “trapped in debt.” Yellen on Wednesday said she was concerned by some of China’s activities globally, particularly its lending to developing countries. She told U.S. lawmakers in a hearing that Washington was […]