The chief executive officer of Tesla, Elon Musk, recently made a statement that he would be paying more than $11 billion in taxes this year. This statement follows his earlier claim that he would be paying more taxes than anyone in the history of the country this year. Musk Tweeted on Sunday Continue Reading
On Thursday, the financial problem at China Evergrande Group and Beijing’s latest effort to push private businesses weighed down upon Asian markets. The price of crude oil was at a six-week high. In Japan, China, and Hong Kong, equities fell again, with technology firms leading the way. As regulators tighten their control on the gaming […]Continue Reading
The financial industry on the east is flourishing, while the west continues its struggle. Wednesday, Mar 12, witnessed stocks on Wall Street dropping for the third consecutive day. News regarding consumer prices raised every investor’s concern about impending inflation. If the data checks out, every effort by the Federal Reserve to minimize interest rates will […]Continue Reading
Bitcoin price pulls back by over 15% from the recent and new ATH that the coin had hit in the first week of the ongoing month at $42k, while currently corrects downsides and trades at $35.1k. Bitcoin is an ultimatum in the world of traditional finances, and currently, it trades anywhere below $35k at present […]Continue Reading
The week has kicked off on a high. Global stocks are on an upswing on the back of traders awaiting new economic data and announcements from the Federal Reserve economic symposium at the Jackson Hole summit this week. Traders have chosen to put the pessimism of the COVID-19 pandemic behind them and instead focus on […]Continue Reading
The debate between cryptocurrency and Fiat currency has just got interesting. Especially in the wake of the coronavirus epidemic, which has literally devastated our overall economic scenario, questions are now put up against the efficacy of the fiat currency to save our global financial system. The highly contagious disease has virtually put a full stop […]Continue Reading
The Japan-based global payment network operator JCB Co., Ltd. and blockchain technology provider, Keychain, today signed a strategic agreement. The companies announced that they are going to collaborate to leverage the power of blockchain in the payments space. Keychain has developed its range of services in the blockchain space considerably and some of its services […]Continue Reading
Payoneer, one of the leading cross-border payment services providers headquartered in New York, has acquired Optile, an open platform of payment orchestration based in Germany’s Munich. The move was announced yesterday on December 10, 2019, through a press release. However, the terms of the acquisition have not been revealed. Payoneer also took to the micro-blogging […]Continue Reading
According to the Airlines Association of South Africa (AASA), there will be a negative impact on economic growth due to an uncontrolled South African national carrier SAA exit. Recently, the board of directors of South African Airways talked with the shareholder of government. The board declared that the issue would be resolved if the company […]Continue Reading
Avanci has signed a patent license agreement with Volvo Cars. Avanci is an online marketplace that connects wireless technology patent owners with companies developing products and systems based on the Internet of Things (IoT) that are looking for new wireless technologies. Volvo Cars become the 14th auto brand to sign with Avanci. This agreement gives […]Continue Reading