In a letter to the World Bank Group this week, nine industry groups, including the Electronic Transactions Association and the Payments Leadership Council, expressed their “strong support” for the World Bank Group’s digital public infrastructure (DPI) initiatives, but expressed concern about DPI policies that don’t “adhere to international guidance...
Oil prices tumbled more than $3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East.
Both Brent and U.S. West Texas Intermediate crude futures hit their lowest...
With the upcoming launch of its first digital bank, Egypt now has a massive opportunity to boost financial inclusion across the country, not to mention lay the groundwork for a thoroughly modern, customer-centric banking system. In early May, the Central Bank of Egypt (CBE) granted preliminary approval to Misr...
This year they received 133,019 financial complaints compared to 93,114 in 2023.
The majority of the complaints were related to banking and credit, with 101,031 complaints lodged in 2024, whilst only 56,690 were filed in 2023. In addition, in 2024 more than half of the banking and credit-related complaints were...
In travel news this week: American Airlines tackles line-jumpers, the world’s best bars for 2024, plus National Geographic and Lonely Planet reveal their top destinations for the year ahead.
Gate lice: What they are and why they’re a problem
This is going to be tough news to hear if you’re someone...
Truist is among the top 10 in the US and 67th in the world rankings by assets ($535 billion.) As a large bank, there is opportunity for differentiation and specialisation that Ward believes helps Truist stand out among its regional and national peers.
Ward joined the Charlotte, North Carolina-based institution, a key...
United Airlines is the best-performing U.S. airline stock this year. It wants to be the most profitable carrier, too.
United shares are up more than 80% since Jan. 1, more than double the gains of Delta Air Lines, the country’s most profitable airline.
United has been flying for nearly a century...
The Nasdaq Composite climbed to an all-time high on Friday, boosted by megacap tech stocks.
The tech-heavy index rose 0.56% to 18,518.61, while the S&P 500 inched 0.03% lower to end at 5,808.12. The Dow Jones Industrial Average shed 259.96 points, or 0.61%, to close at 42,114.40.
Tech stocks boosted the market ahead of their upcoming earnings. Nvidia added...
Bitcoin could be worth $125,000 by the end of the year if the Republican Party dominates the United States Congress after the Nov. 5 elections, Standard Chartered Bank analyst Geoff Kendrick predicted.
As speculation about the US elections and Bitcoin BTC$67,114 prices approaches a frenzy, Kendrick was bullish on the Republicans.
Geoff Kendrick’s...
Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks on a possible ceasefire in Gaza.
Brent futures settled 58 cents, or 0.8%, lower at $74.38 a barrel, while U.S. West Texas Intermediate crude (WTI) slipped 58 cents, or 0.8%, to...
