On Thursday, the Federal Deposit Insurance Corp.-owned Signature Bridge Bank announced that it had sold 20% of its interest in the business, which was keeping
Category: WORLD NEWS
Fnality pioneers global blockchain payments at the Bank of England.
Fnality, a blockchain-based wholesale payments company, reported on Thursday that shareholders Lloyds Banking Group, Santander, and UBS completed the “world’s first” live transactions that digitally
Argentina is on the brink of social murder with a 50% devaluation of the peso and the removal of subsidies.
As part of shock measures that new President Javier Milei claims are necessary to address an economic emergency, Argentina announced on Tuesday a significant depreciation
Sino-US tension prompts JP Morgan to exit the $500 billion local custody business in Hong Kong and Taiwan.
Three companies are vying for the mandate to handle JPMorgan Chase’s local custody business in Taiwan and Hong Kong: Citigroup, HSBC, and Standard Chartered. Wall
New York to invest $1b to turn Albany into a global center for semiconductor research and manufacturing.
Governor Kathy Hochul said on Monday that New York State will invest $1 billion to increase chip research in Albany, the state capital, to make
CHIPS Act: National security takes priority with the first award to a New Hampshire plant making chips for military aircraft.
The Biden administration said on Monday that it will give $35 million to BAE Systems to boost production at a New Hampshire facility that makes
China aims to attract investors and boost stock market operations by reducing trading costs for mutual funds.
The latest change to the $3.8 trillion mutual fund industry comes from China’s securities regulator, which has released draft guidelines aimed at reducing trading costs
Australia tackles foreign ownership of existing homes by imposing a 300% levy.
Treasurer Jim Chalmers announced on Sunday that Australia will triple levies on foreign buyers’ purchases of existing properties as part of efforts to increase the
COP 28: US-UAE joint venture gets an additional $9b to fund agricultural value chains in low-income countries.
On the fringes of the UN climate negotiations on Friday, an additional $9 billion in funding was revealed to address the role of agriculture in
Europe agrees AI rules to take effect in 2025 with infraction penalties of up to $38m or 7% of a company’s global turnover.
The first comprehensive artificial intelligence regulations in history were reached by European Union negotiators on Friday, opening the door for legal supervision of this technology,
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