Visa recently announced its plans to launch a dedicated service for account-to-account (A2A) payments in Europe, which will skip the traditional credit card and direct debit processes. This new service will allow users to set up direct debits on merchants’ e-commerce platforms with just a few clicks, providing them with more control and security over
Finance
The British financial technology firm, Zilch, recently announced a significant milestone in its journey by reporting its first-ever month of profit. This achievement is remarkable considering the competitive landscape it operates in, going head-to-head with industry giants like Klarna and Block in the buy now, pay later space. Zilch managed to reach profitability within just
China’s property market struggles and U.S. sanctions have taken a toll on several of its cities, with some benefiting from Beijing’s focus on technology. The Milken Institute’s best performing cities China index highlights how various cities have been affected by these economic challenges. Hangzhou, the capital of Zhejiang province and a hub for tech companies
Warren Buffett’s Berkshire Hathaway has made history by reaching a $1 trillion market capitalization, making it the first non-technology company in the U.S. to achieve this milestone. This significant achievement comes amidst a strong rally in the company’s shares, which have outperformed the S&P 500 by a considerable margin. Warren Buffett, also known as the
As British fund manager abdrn predicts a potential soft landing for the U.S. economy, concerns about a prolonged slowdown in 2025 are still looming. Kenneth Akintewe, the company’s head of Asian sovereign debt, raised doubts about the Federal Reserve’s policy decisions, questioning whether they are heading towards a mistake. Akintewe highlighted the discrepancies in economic
China’s foray into the world of top-tier video games has made a significant splash, challenging traditional norms and setting new records in the gaming industry. The recent release of Black Myth: Wukong, an action-packed game set in mythological China, surpassed all expectations by selling over 10 million units within just three days of its launch.
The recent performance of Dollar General has been under scrutiny as the discount retailer faces challenges in its sales and profit forecasts. The company recently adjusted its guidance for the full year, indicating a lower expectation for same-store sales growth and earnings per share. This news has caused a significant drop in the company’s stock
During a recent meeting, Chinese President Xi Jinping expressed his hopes for a stable, healthy, and sustainable relationship between China and the United States. While acknowledging the changes that have occurred in both countries and in their relations, Xi emphasized China’s commitment to fostering positive interactions with Washington. The tensions that have arisen between the