The recent announcement of UBS Group’s acquisition of Credit Suisse Group has sent shockwaves through the Swiss banking industry. The combination of the country’s two largest banks is expected to create a dominant player in the domestic market, with a pro forma market share of about 30% of domestic deposits and 25% of domestic loans, […]
Technology
The dark web, a hidden part of the internet that requires specialized software to access, has become a breeding ground for cybercrime. Dark web marketplaces have proliferated, enabling illegal activities such as the sale of drugs, weapons, stolen data, and hacking tools. These marketplaces have posed significant challenges for law enforcement agencies, as they operate […]
The US economy is often considered the backbone of the global financial system. It has been showing signs of weakness in recent months, with data pointing towards sluggish growth and lower-than-expected performance in various sectors. This has led to a ripple effect on global markets, impacting not only the US dollar index but also other […]
The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system. Moreover, the global lender said U.S. regional banks in particular may warrant closer scrutiny after the largest […]
Credit Suisse has already paid back some of the emergency liquidity offered by the Swiss National Bank (SNB), data suggested on Tuesday, signaling an ebbing of the liquidity crisis which triggered the lender’s fall. Sight deposits – cash held by commercial banks overnight with the SNB – fell by 31 billion Swiss francs ($34.3 billion)last […]
The US-China rivalry in Africa and the impact of digitalization on their competition are intensifying. With the growing importance of technology in Africa, both countries have been intensifying their efforts to gain influence on the continent. Digitalization has become a major force in shaping global politics, including the US-China rivalry in Africa. As the two […]
In this piece, we will explore the role of the telecom industry in the globalization of the gig economy. With the rise of high-speed internet and communication technologies, workers can now seamlessly connect with employees and clients globally. __________________ From pixels to paychecks, the gig economy has taken the world by storm, promising unprecedented autonomy […]
Blockchain technology is being used to promote sustainability and transparency across various industries. One area where it is making a significant impact is supply chain management. ____________________ Blockchain is not just a technological marvel, but also a catalyst for positive change. As the world grapples with urgent environmental challenges, blockchain is emerging as a formidable […]
The foreign ministers of Iran and Saudi Arabia met in Beijing on Thursday for the first formal gathering of their top diplomats in more than seven years, after China brokered a deal to restore relations between the top regional powers. After years of hostility that fuelled conflicts across the Middle East, Iran and Saudi Arabia […]
Telecom mergers and acquisitions have raised concerns about their impact on competition, innovation, and investment in the telecommunications industry. ________________ The telecommunication industry has witnessed several mergers and acquisitions of large companies. These actions have raised concerns about their impact on competition, market shares, and customer benefits. While the intentions of these companies may be […]