Category Archives: Business

21Dec/22

The European Commission selected the EU Digital Identity Wallet Consortium for the EU Digital Identity Wallet Pilots

December 21, 2022FinanceDigital identity, European Economic Area, European Free Trade Association, Federated identity, International trade, Organizations, World economyadmin

The EU Digital Identity Wallet Consortium (EWC), was selected by the European Commission to run one of the Large Scale Pilots for the new EU Digital Identity Wallet (EUDI) ecosystem. Avast, a leading digital security and privacy brand of Gen™, sits on the Executive Team of the consortium, having been closely involved in its formation. The EUDI Wallet is a part of the proposed eIDAS2.0 regulation, which will provide all European citizens access to a trusted digital identity provided by their government and accepted by all EU Member States and EFTA. Continue reading

20Dec/22

World Cup 2022: who won the prize for ‘soft power’?

December 20, 2022EconomyArabian Peninsula, Argentina, Creative Commons, Doha, Emir, Emmanuel Macron, FIFA, FIFA World Cup, France, Geography of Asia, Germany, HYUNDAI, Japan, Jung Kook, Kylian Mbappé, Lionel Messi, Marie Kondo, Morocco, Palestinian Territories, Paul Widdop, Portugal, Qatar, Russia, Saudi Arabia, Simon Chadwick, Sofiane Boufal, Soft power, South Korea, Spain, Western Asia, Worldadmin

Simon Chadwick, SKEMA Business School and Paul Widdop, University of Manchester

After four weeks, 64 games and more than a decade of controversy, Argentina has won the Fifa men’s World Cup in Qatar. And as Lionel Messi and his teammates celebrate victory over France, another competition has also reached its conclusion – the battle for “soft power”.

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20Dec/22

BOSE AND VOLVO CARS: A NEW COLLABORATION IN SOUND

December 20, 2022TransportCar body styles, Cars, Compact cars, Motor vehicles, Premier Automotive Group, Sedans, Touring cars, Volvo, Volvo Cars, Volvo Engine Architecture, Volvo S60admin

Today, Bose announces its first-ever sound system for Volvo Cars, bringing the power of Bose sound to the all-new, all-electric, and recently unveiled Volvo EX90. Available by early 2024, the Volvo EX90 represents the launch of a new collaboration between Bose and Volvo Cars that will extend to additional models in the coming years. Continue reading

13Dec/22

The Swiss financial industry has successfully traded and settled tokenized investment products

December 13, 2022FinanceBlockchain, Counterparty, Cryptocurrencies, Economy, Finance, Futures contract, Moneyadmin

For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism for tokenized investment products on a public blockchain testnet infrastructure. A smart contract, developed by the Capital Markets and Technology Association (the CMTA), allows for streamlined processes, reduces complexity, raises security, and eliminates counterparty risks from trades. The CMTA’s proof of concept marks a milestone for the Swiss financial industry. Continue reading

13Dec/22

Global economy on the brink of a recession amid several headwinds

December 13, 2022Economyadmin

Facing an unprecedented mix of challenges, the global economy is facing a sharp deterioration of growth. After 2023, the picture is slightly better, as we expect that current actions of central banks and normalisation of supply chains help to alleviate price pressures. Continue reading

10Dec/22

Balenciaga’s controversial new campaign and the long history of ‘shockvertising’

December 10, 2022MediaAdvertising, Balenciaga, Benetton, Benetton Group, Brooke Shields, Calvin Klein, Carl W Jones, Clothing, Companies, Creative Commons, Demna Gvasalia, fox tv, French Connection, Gabriele Galimberti, Kim Kardashian, Marketing, Oliviero Toscani, Sex in advertising, Shock advertising, United Kingdom, United Statesadmin

Carl W Jones, University of Westminster

Kim Kardashian is refining her personal brand. Right-wing news outlet Fox TV is gaining viewers through attention-grabbing headlines. Photographer Gabriele Galimberti is gaining notoriety. All this is due to a recent advertising campaign from leading global fashion brand Balenciaga that has caused widespread controversy.

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09Dec/22

79% of risk pros prioritize credit risk transformation in race to digitalize banking

December 9, 2022FinanceActuarial science, Analytics, Articles, Bank, Bhutan Centre for Media and Democracy, Credit risk, Economy, Finance, Financial law, Financial risk, Manitoba Provincial Road 272admin

Regulatory demands, calls for greater transparency and accessibility, plus customers jumping ship to more agile fintech counterparts – banks are feeling pressured to enact a digital revolution, according to risk professionals on the ground. A key pillar of this modernization, credit risk transformation (CRT), is the focus of a new risk technology study by the Global Association of Risk Professionals (GARP) and analytics leader SAS. Continue reading

07Dec/22

Wirex Launches 52 Tokens for Accessing Web3

December 7, 2022FinanceArticles, Cryptocurrencies, Decentralization, Economy, Financial technology, Money, Token coin, Uberisationadmin

Wirex, a banking alternative built for Web3, has listed 52 new tokens on their app. The cryptocurrencies will provide their 5 million customers straightforward access to the benefits of DeFi. Continue reading

01Dec/22

FTX collapse crushes crypto dreams in Africa and beyond

December 1, 2022FinanceAlfred Lee, Bahamas, Bangkok, Binance, Bitcoin, Cryptocurrencies, Cryptography, Economy, Edward Choy, Elisha Owusu Akyaw, Ghana, Japan, Kenya, Lagos, monetary authority of singapore, Money, Morocco, Nigeria, Osarieme Aghedo, Sam Bankman-Fried, Singapore, South Africa, South Korea, Stablecoin, Thomson Reuters Foundation, TikTok, United Statesadmin

FTX’s bankruptcy hurts small investors across the world
Young African crypto backers fret about damage to sector
Regulators repeat warnings about risks of crypto dealing

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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01Dec/22

Research shows nearly three-quarters of social housing residents would not be able to cope with an unexpected expense

December 1, 2022FinanceUnited Kingdomadmin

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