UN Cash Constraints Likely to Delay November Salaries
United Nations Secretary-General Antonio Guterres says that there is about $1.4Bn in outstanding payments fearing that the agency may enter November without enough cash to cover payrolls. The Secretariat could [...]
India Eyes Mobile Manufacturing Deals with Global Players Like Apple
India expects global phone manufacturers to move production of their devices to the country, owing to favorable tax laws. The state introduced new tax legislation which lower taxes in its [...]
UK Debt Campaign Group Accuses IMF of Irresponsible Lending
The IMF has been accused of reckless lending to financially troubled countries by the Jubilee Debt Campaign (JDC), a UK based group. The UK group revealed that the International Monetary [...]PayPal Drops out of Facebook's Libra Project
PayPal is the first company to drop out of Facebook’s cryptocurrency project saying it wants to focus on its current mission.According to,The IndependentMastercard and Visa are also reconsidering their involvement. [...]US vs EU Trade War Heightens with Tariffs Imposed on Planes
The United States vs European Union trade war has heightened after the US imposed 10% tariffs on European-made Airbus planes and 25% tariffs on French wine, Scotch and Irish whiskies, [...]WhatsApp Is Testing Self Destructing Feature on Group Messages
[bctt tweet=WhatsApp is testing a self destruct feature which will allow users to create a mini-lifetime of a text. The innovation will enable users to create messages which can self-destruct [...]Samsung Stops Mobile Phone Production in China
Samsung Electronics has stopped mobile phone production in China, citing intense competition from cheaper local brands such as Huawei Technologies and Xiaomi. According to market research firm Counterpoint, Samsung’s share [...]World's GDP Growth Rate Declines to its Lowest, Fitch Rating
According to the Fitch Rating report, the outlook of the global economy has significantly declined as a result of the US-China trade wars. The report predicts the world growth rate [...]Consumption Tax up from 8% to 10% in Japan
Japan has raised its consumption tax from 8% to 10% in a bid to find funds to pay its public debt and fund social welfare programs such as pre-school education. [...]Regulatory Compliance Biggest Concern for Most Fintechs
Compliance remains the biggest challenge for companies adopting Fintech solutions according to a recent report by Thomson Reuters. The report further notes that 21% of the world's firms believe that [...]PayPal Acquires China's Tech Company GoPay
PayPal's 70% equity acquisition in Guofubao Information Technology Company (GoPay) has been approved by The People's Bank of China. It will now be the first foreign payment platform in China. [...]Revolut to Expand its Market as it Partners with Visa Inc
Fintech firm Revolut is seeking to expand into 24 new markets after it entered into a new partnership with Visa Inc. The UK based digital banking app aims to disrupt [...]
