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Qatar Airways is in talks to acquire a 49% stake in state-owned RwandAir and is “keen to invest” in Indian low-cost carrier IndiGo when the time is right, the Gulf carrier’s chief executive Akbar Al Baker disclosed today. During an appearance at the CAPA Qatar Aviation Aeropolitical and Regulatory Summit in Doha, livestreamed via Qatar […]
OPay, the startup behind one of Nigeria’s leading mobile payments services, has raised $120 million in a Series B funding round joined by a host of Chinese investors. The round – which comes on the heels of a $50 million round in June – was joined by Meituan-Dianping, DragonBall Capital, GaoRong Capital, Source Code Capital, […]
Facebook is taking on Venmo, Apple Pay and others with a consolidated payments service that works across its main app, Messenger, Instagram and WhatsApp. People have been able to make purchases and send money to each other through Facebook’s various apps for some time but the new Facebook Pay service promises to make the experience […]
JPMorgan Chase has moved to bolster its valuable wholesale payments business by building an e-wallet that lets e-commerce and gig economy firms such as Amazon and Airbnb offer their customers virtual bank accounts. With technology giants increasingly moving in on banks’ turf, JPMorgan Chase has decided that its best option is to help them do […]
Australia’s flag carrier Qantas completed on Sunday a non-stop test flight from New York to Sydney, researching how the world’s longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers. Carrying 50 passengers and crew on board, Qantas Flight 7879 on a new Boeing 787-9 Dreamliner touched down in Sydney […]
Dubai is all set to reap the benefits of six-month long Expo 2020 as the countdown for the mega event starts today. The emirate is expected to grow over 4 per cent in the next one year as economic activity gains momentum, which will benefit the construction, interior fit-outs, banking, hospitality, aviation, event management and […]
While everyone’s heard of Bitcoin, not everyone knows how it works. So, here’s a technical yet accessible explanation to ensure you are up to speed. Australian crypto exchange Mine Digital has outlined the origins of the cryptocurrency and why it’s so secure, so if you’ve always dreamed of investing in a decentralised alternative to traditional currency […]
New research suggests a possible correlation between the price of Bitcoin and the settlement dates of CME Bitcoin Futures contracts. Bitcoin fell 75 percent of the time in the lead up to CME settlement dates. Analysts from Norwegian research firm Arcane Crypto revealed that between January 2018 and August 2019, Bitcoin fell 75 percent of the time […]
For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to […]
Japan has a reputation as a crypto-friendly nation. Following the Coincheck hack in 2018, Japan tightened controls over the entry of new exchanges as well as existing trading platforms. In 2019, the sentiment is thawing and a number of new platforms appear set to enter the market. Japan, which has the second-largest number of crypto traders in […]
Yandex has announced that MLU B.V., its ride-sharing, and food delivery joint venture with Uber, has agreed to acquire the IP and call-centers of Russia’s largest taxi company, Vezyot. As part of the deal, Vezyot’s current shareholders will receive new shares in MLU, representing up to 3.6 percent of the company at closing, along with up to $71.5 million […]
Amazon is planning to hire 2,000 additional staff in the U.K. in 2019, bringing its total workforce in the country to more than 29,500. The Seattle-headquartered e-commerce heavyweight said in a press release on Wednesday that a wide range of roles will be created, with jobs being created across the U.K. in “head office, R&D, Amazon […]
