Amid a summer surge in youth unemployment, China’s government made headlines last week by announcing that it would simply no longer publish official data on how many young workers can’t find jobs. But not all of the country’s economic woes can be so easily hidden. China’s economic modelwhich has leaned strongly into industrial policy and
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Mastercard IncMA has agreed to acquire a minority stake inMTN Group Ltd'sfinancial-technology business at a valuation of $5.2 billion. The financial details of the transaction or stake percentage remain undisclosed. The deal involves a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa, Bloombergreports. Also Read:Mastercard's Conservative Outlook and Relative
SoftBank-owned chip designer Arm has started the final countdown to the biggest US initial public offering in almost two years, filing a preliminary prospectus for a Nasdaq listing that is set to take place early next month. Arm is on track to be the most valuable company to complete a US IPO since at least
Vitalik Buterin, one of the co-founders of Ethereum ETH/USD , on Monday, transferred over $1 million worth of ETH to the popular cryptocurrency exchange Coinbase Global Inc COIN . What Happened: Data from Ethereum blockchain explorer Etherscan shows that Buterin sent 600 ETH to Coinbase. The transfer comes at a time when Ethereum, the second-largest
In the wake of last week's significant market downturn, the cryptocurrency landscape has been a topic of intense debate and speculation, with market caps across the board witnessing substantial declines, leading to polarized opinions among traders and investors. While some anticipate a swift market recovery, others view the recent events as merely the onset of
Its time to give three cheers for Bidenomics and suppurating fungal infections of the testicles, and possibly bunions. President and Venal Houseplant Joe Biden has been taking time out from quietly decomposing on the beach this summer to tout the administrations signature economic program, which has been a boon to every patriotic American who loves
The Middle East technology ecosystem is undergoing a massive transformation with programs like UAE Vision 2031 in the Emirates and Saudi Vision 2030 in the KSA drivingremarkable growth in Saudi Arabia's startup ecosystem, attracting founders eager to benefit from the government's support for entrepreneurship. Onefast-growing startupis Emkan Capital-backed fintech InvestSky.What Is InvestSky Doing In the
After reaching a peak of $310.16 on July 26, 2021, PayPals PYPL stock has declined by about 80%. While much of this sell off is justified (considering that PYPL traded for more than 50x earnings for most of 2021), I believe this sell-off is overdone and that PYPL offers investors with a favorable risk-reward opportunity.
Its back to the drawing board in the Department of Justices ongoing obfuscation and cover-up of the Biden Brand influence peddling scandal that is now threatening not just Joe Bidens electoral chances, but his presidency itself. The mendacity of Attorney General Merrick Garlands latest move, finally appointing Delaware U.S. Attorney David Weiss as special counsel
Asking prices for UK homes recorded their sharpest August drop since 2018, in another sign that the property market is slowing after four consecutive months of house price falls. New sellers listed their homes for £364,895 on average in the five weeks to August 12, £7,012 less than in the previous month, representing the biggest
China is expected to make the biggest cuts this year to two of its core lending rates, as pressure mounts on policymakers and banks to reverse a trend of slowing momentum and revive flagging demand in the world’s second-biggest economy. The People’s Bank of China is set to announce reductions to both one-year and five-year
The leaders of Japan and South Korea on Friday put decades of frequently acrimonious relations behind them, signing on to a trilateral pact with the US that will deepen military and intelligence co-operation between the three allies. The agreement, formally reached at President Joe Biden’s retreat at Camp David outside Washington, sets up annual summits
Libertify, an AI-driven risk management platform, unveiled its latest offering in crypto wealth management: an artificial intelligence (AI) audit. This new feature allows crypto investors to assess and manage their portfolio risks and instantly receive optimization suggestions aimed at minimizing risk without compromising performance. LibertifyCEOSteve Rosenblumemphasized the importance of learning from past market downturns. By
Roadmap — With NASAs mobile launcher on the move, heres a road map to Artemis II Were getting back into testing, which is what we love.” Stephen Clark – Aug 18, 2023 11:30 am UTC Enlarge / NASA’s mobile launcher for the first three Artemis Moon missions.Stephen Clark/Ars Technica reader comments 2 with NASA’s repaired
In a significant move to bolster the adoption of digital tokens for transactions, PayPal Holdings Inc. PYPL announced Monday the launch of a new U.S. dollar-denominatedstablecoin. Named PayPal USD (PYUSD), this digital currency is the brainchild of the San Jose-based financial giant and is set to be a game-changer in the realm of digital payments
Were looking for rapid and stupendous progress — Our health care system may soon receive a much-needed cybersecurity boost We’re now researching better defenses to US health care’s digital infrastructure. Lily Hay Newman, wired.com – Aug 18, 2023 12:00 pm UTC EnlargeLorenzo Capunata/Getty reader comments 0 with The Advanced Research Projects Agency for Health (Arpa-H),
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler is sounding the alarm on the transformative impact of artificial intelligence (AI), saying that it may have wide-ranging impacts on the financial markets. What Happened: Reflecting on a paper he co-authored in 2020 on deep learning and financial stability, Gensler expressed a concern that only a
Robinhood Markets Inc HOOD is on deck to issue its second-quarter earnings on Wednesday after the closing bell. With the potential to act as an indicator of retail trading activity, investors are keenly watching the results. Lets take a closer look at what to expect. Robinhood By The Numbers: The Menlo Park, California-based company is
Founded in 2019, TradeStation partner Aries is debuting on StartEngine, the same crowdfunding platform trusted by famed businesspeople and investors like Kevin OLeary. Aries challenges traditional full-stack brokers, sporting the tools Main Street needs to compete with its better capitalized and informed peers on Wall Street. Available in 130 countries, Aries differentiates itself by offering
RIP Xbox Live Marketplace — End of the road: The Xbox 360 game marketplace will shut down Players will still be able to download previously purchased games. Samuel Axon – Aug 17, 2023 9:20 pm UTC The Xbox 360.Thomas Hawk reader comments 38 with The digital storefront for purchasing games and other media on the