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World Bank: Global Anti-poverty Targets Face Disappointing Setbacks
The world is unlikely to achieve its objective of eradicating extreme poverty by 2030 absent history-defying rates of economic growth over the remainder of...
Banking
Is Mastercard Ditching the Card? Payments Giant Wants You To Wave and Smile To Pay
Mastercard Inc. has started to make payments quicker than ever as you will no longer have to take your phone out, tap or swipe...
Banking
HSBC Continues to Pivot towards Asia as 2020 Profits Decline
HSBC is revamping its growth strategy by ramping investments in Asian countries after a drop in earnings for the 2020 financial year.
The UK headquartered...
Banking
Goldman Sachs Cuts CEO Salary by $10 million after 1MDB Scandal
Goldman Sachs slashed its CEO David Solomon’s salary by $10 million following the bank’s involvement in Malaysia’s 1MDB scandal.
Documents filed by the bank to...
Banking
The Covid Crisis and the Rise of the Digital Euro
The Governing Council of the ECB (European Central Bank) will decide in the spring whether or not to launch the digital euro, but the...
Banking
Goldman Sachs Reports Strong Profits for Third Quarter of 2020
Investment banking giant Goldman Sachs pulled off a strong third quarter of 2020 profit with net earnings at $3.62 billion and net revenues at...