Tag Archives: News

Photo: Fight to Fame / FacebookLatin America as a region has a number of unique economic challenges. Currency devaluation in Venezuela has continued to crater the economy and impact the lives of millions while tariffs impact trade in Mexico. There seems to be no singular solution to the region’s problems as each country has its own unique set of economic and social challenges, but moving towards decentralized platforms may provide a new path forward and Latin American countries have been...

Photo: Philip Taylor / FlickrIn what seems to be one of the biggest challenges to online payment processors such as Paypal, Apple Pay and a whole host of others, the biggest guns in credit card processing have decided to team up and implement their own single button-based checkout process. American Express, Visa, Mastercard, and Discover have decided to join forces to make checkout easier for consumers.Based on what the card industry refers to as Secure Remote Commerce (SRC) which is a...

U.S.-based aircraft maker – Gulfstream Aerospace – is all set to take the competition higher with its rival Bombardier. On Monday, October 21, Gulfstream unveiled its long-range luxurious G700 aircraft, an upgrade to its previous G650. Gulfstream unveiled this aircraft at the National Business Aviation Association’s (NBAA) annual corporate aircraft show in Las Vegas.With the Gulfstream G650, the company enjoyed its dominant position for some time in the business jets segment, until Bombardier...

Canada-based Luge Capital has recently secured fresh funding for its fintech-focused venture capital (VC) fund. Luge recently secured $10 million funding from iA Financial Group and BDC Capital which takes its fund value to $85 million. iA Financial Group is Canada’s giant financial services company with over $187 billion of assets under management. On the other hand, BDC Capital manages over $3 billion in funds as AUM.Headquartered in Toronto and Montreal, Luge Capital invests in early-stage...

Veteran United States investor, writer, and Entrepreneur Rob Arnott has come out in favor of the American major technology stocks again as being in a bubble even as he lashes out at Bitcoin. He made his thoughts known to the Financial Times in an exclusive while defending the position of including Microsoft in the popular acronym FANMAG which he says is the new direction of technology stocks rather than FAANG.FAANG which is a play on technology companies Facebook, Apple, Amazon, Netflix and...

This year, Pacific Gas & Electric (PG&E), an American company that provides natural gas and electric service to approximately 16 million people throughout a 70,000-square mile service area in northern and central California, declared their bankruptcy and admitted their blame on a number of forest fires and problems with power.Recently, during the California Public Utilities Commission meeting, the company’s CEO Bill Johnson stated that California can expect blackouts for the next...

Revolut Ltd, the financial technology and financial institution based in London, has entered an official partnership with Mastercard which will see the card giant handling all of Revolut’s debit cards when it launches in the United States before the year runs out.According to an official press release, MasterCard will not only handle Revolut’s cards in the U.S., but will also run at least 50 percent of all Revolut cards in all of Europe, including existing and future cards. Reportedly, this...

In November last year, Blizzard Entertainment announced the Diablo Immortal, the fourth installment in the Diablo game series. The release was however met with heavy disappointment from thousands of game fans who agreed that the game generally failed to meet expectations.Since then, fans of the game series had been waiting and effectively whetting their own appetites, in anticipation for Diablo 4. It was expected that the BlizzCon 2019, Blizzard’s annual gaming convention which is just a few...

Volatility always exists in the crypto markets. After Bitcoin reached its all-time highs in December 2017, what followed was a persistent bear market. However, the bearish trend seemed to have come to an end when Bitcoin surged from $3,500 to over $13,000 in a few months. The bulls lost momentum with the flagship cryptocurrency heading south over the past three months.Although Bitcoin is struggling to stay above $8,000, one quant analyst called PlanB on Medium believes that the token will...

Premier money transfer startup TransferWise is set to begin operations in 2020 after obtaining a an operating license in the United Arab Emirates. Local sources in the Emirates report that the fintech startup announced this a few hours ago and that the company intends to start business in the middle east starting from the UAE in 2020.In what comes as a series of successes for the company, TransferWise has been competing in the marketplaces that belong to global money transfer giants such as...