Runners earn a commission, and, in Uganda for instance, station themselves at locations such as shopping centres, educational facilities, and sidewalks to connect with passersby. This marketing outreach aims to educate people on exchanging their biometrics for a globally recognisable digital ID, which will get them access to online banking and universal basic income. According…
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FINMA indicated it conducted this review because, when doing routine inspections, many institutions fell short regarding money-laundering risk analyses. FINMA did not name the banks in question but found the situation problematic as Switzerland is the world’s go-to for wealth management. The authority stated that: FINMA reviewed risk analyses of over 30 banks in spring…
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The Intergenerational Report shows the aged pension will decline from 2.3% of GDP to 2 per cent by 2062-63, even as other cost associated with an ageing population soar. Super is already easing the cost burden of the pension. APRA’s superannuation bulletin has confirmed that super funds already pay out more than double in benefits…
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A statement by the US Justice Department confirmed the arrest of Storm on Wednesday in Washington State. Semenov, a Russian national, remains at large. In a CBNC interview, the assistant director in charge of the FBI’s New York field office, James Smith, commented: We’re treating this like any other fugitive now. We’re working with law…
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The global leader in AI computing also indicated that it would buy back $25bn in stock, which sent Nvidia shares skyrocketing in a matter of hours. The company’s share price closed at $471.16 on Wednesday, up +3.17% from the previous day’s close. It spiked even more after the bell rang, hitting a record 9.6% increase…
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During the conference, Nicole Lockwood, Independent Chair of Infrastructure Net Zero, noted: Infrastructure embodies, consumes and enables 70% of Australia’s carbon footprint. The tightened targets for 2030 and 2050, the huge pipeline of new projects and the need to adapt to increasing climate shocks have brewed the perfect storm. The time for decisive action is…
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As Fundrise did not require the influencers and newsletters to provide specific disclosures, the investment adviser went against US law. In its filing, the SEC specifically noted the lack of these disclosures in the Fundrise brochure. The company consented to pay a civil penalty of $250,000. In a statement, SEC commented: Fundrise consented to the…
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This move reflects TT’s expansion into multi-asset data and analytics as part of the diversification of new asset classes. It comes in the wake of the global capital markets technology platform’s establishment of its foreign exchange business line in June. This company has been a principal when it comes to solutions for listed derivatives. As…
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The most important economic data for this week are: On Tuesday the 22nd until Thursday the 24th there will be the BRICS summit held in Johannesburg, South Africa where the leaders of the countries will meet (except President Putin that will attend virtually due to an arrest warrant issued by the International Criminal Court for…
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On 21 August in Bangkok, Southeast Asia’s second-largest economic hub, Thailand’s Digital Minister, Chaiwut Thanakamanusorn, stated: We are asking the court to close Facebook, not allowing it to provide services in Thailand if they let these fake pages scam people. They can’t do business like this. This reaction followed claims that over 200,000 people in…
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