LAGOS/BANGKOK – Days before his FTX cryptocurrency exchange collapsed, co-founder Sam Bankman-Fried tweeted “Hello, West Africa!” – his latest nod to a region where a growing number of kitchen table investors had put their faith, and savings, in FTX.
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The Resident Voice Index™ (RVI), a project that gathers the views of social housing residents from across the UK, released its latest report, Cost of Living: Crunch Time, which indicated most respondents are experiencing a lower quality of life. Based on a survey of 5,700 respondents, the report reveals that almost three-quarters (73%) said they would not be able to cope with an unexpected expense, such as a higher-than-expected household bill. Continue reading
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.
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
Leading insurance group, Prudential plc (Prudential) and Google Cloud today announced a strategic partnership to enhance health and financial inclusion for communities across Asia and Africa. Continue reading
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
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
Finastra today revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry has made around open finance and collaboration, despite the challenging market conditions of the last few years. Continue reading
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.