Category Archives: Finance

29Oct/22

Elon Musk takes Twitter private – here’s what that means for the company and its chances of success

Elon Musk has said he intends to complete his purchase of Twitter after earlier trying to wriggle out of the deal.
Patrick Pleul/Pool via AP

Erik Gordon, University of Michigan

Elon Musk has finally completed his US$44 billion deal to acquire Twitter and take it private.

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23Oct/22

Centurion Invest empowers African mass adoption of digital assets payments to Mpesa, Airtel, Orange through its partnership with ImpalaPay

The UN predicts that between now and 2050, at least half of the world’s population growth will originate from Africa, which currently has the fastest-growing population. The use of cryptocurrencies is increasing worldwide, and Is Quietly Thriving in Sub-Saharan Africa. Continue reading

06Oct/22

Largest Bank in the CEE Region to Enter Metaverse

It will be used as a laboratory to broaden experience and to test relevant technological solutions. According to Paweł Gruza, vice president of the management board of PKO Bank Polski managing the work of the management board, in the perspective of a decade, Metaverse may become such development impulse for the global economy as the emergence of a PC, Internet and smart phones in the past. Continue reading

06Oct/22

Banking in 2035: Trust, climate risks and geopolitical rivalry shape a purpose-driven industry, forecasts study

As disruptive forces roil today’s financial sector, banking execs are scrutinizing the evolving role of banks in the most competitive market they’ve ever faced. What does the future hold? And how can they meet the challenges ahead to forge a brighter future – both for the industry and the greater world? Such is the focus of a new future of banking study, Banking in 2035: three possible futures, by Economist Impact and sponsored by AI and analytics leader SAS. Continue reading

04Oct/22

PwC announces record global revenues of US$50 billion

PwC firms around the world achieved gross revenues of US$50.3 billion – up 13.4% in local currency and 11.4% in US dollars for the 12 months ending 30 June 2022. Revenue growth was strong throughout the year, following the rebound in the last quarter of FY21 as the impact of the COVID-19 pandemic subsided. Continue reading

03Oct/22

Three reasons a weak pound is bad news for the environment

Katharina Richter, University of Bristol; Alix Dietzel, University of Bristol, and Alvin Birdi, University of Bristol

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains volatile and far below its value earlier this year.

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26Sep/22

South African teens skip school to chase risky crypto dreams

  • Young South Africans see crypto as way to quick wealth
  • Poverty, high unemployment pushes them to crypto
  • Users not fully aware of risks, vulnerable to scams

By Kimberly Mutandiro

JOHANNESBURG, Sept 26 (Thomson Reuters Foundation) – John first heard of cryptocurrency three years ago, when the teenager came across slick YouTube videos and Facebook posts of other South Africans claiming to have become wealthy overnight with bitcoin.
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