Business – Page 15 – PressClub World

25. 9. 2022 No Responses

JP Morgan To Cannibalize Its Own Card Revenue In Race To Be First On Pay-By-Bank Processing

Pay-by-bank processing would abandon costly interchange fees charged by card companies like Visa and Mastercard. “If I hear that any of you aren’t sharing information with each other, or you’re hiding information, you’re fired.” That’s apparently the “wisecracking” line that...

23. 9. 2022 No Responses

Boeing Settles With SEC For $200 Million Over “Misleading Investors” On 737 Max Safety

Boeing Co. reached a $200 million settlement with the Securities and Exchange Commission on Thursday into allegations that the aircraft manufacturer and former chief executive deceived investors and the public about the safety of the 737 MAX plane that kill...

22. 9. 2022 No Responses

PayPal Sparks Outrage After Shutting Down Account Of Britain’s Free-Speech Union

Not only can you not express certain views, you can’t defend people’s right to express them. U.S. financial tech company PayPal has been accused of a “sinister form of cancel culture” after its decision to shut down the accounts of the Free...

17. 9. 2022 No Responses

India Overtakes UK To Become Fifth Biggest Economy

Just a decade ago, Indian GDP was the eleventh largest in the world. Now, with 7 percent growth forecast for 2022, India’s economy has overtaken the United Kingdom’s in terms of size, making it the fifth biggest. India’s growth is accomp...

16. 9. 2022 No Responses

White House Releases First Ever Comprehensive Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and draconian regulation of the crypto ecosystem. The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in t...

14. 9. 2022 No Responses

CBDCs are a dystopian implementation of money

Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced...

8. 9. 2022 No Responses

Pentagon Halts F-35 Stealth Fighter Deliveries Over Use Of Chinese Alloy

The Pentagon suspended the Lockheed Martin F-35 Lightning II deliveries over Chinese rare-earth metals used in magnets for pumps on the stealth fighter jet. Defense Department spokesman Russell Goemaere told Bloomberg in an email that the F-35 program office...

7. 9. 2022 No Responses

Indian Petroleum Minister: India will continue to buy Russian oil despite Western pressure

Indian Petroleum Minister Hardeep Singh Puri told CNBC on Wednesday that his country will continue to purchase Russian oil despite growing pressure from the West. The minister explained that it’s a question of energy security, pointing out that India consume...

6. 9. 2022 No Responses

Shahid Soleimani Patrol-Combat Vessel Enters Service in Iran

On September 5, Iran’s IRGC Navy officially took delivery of the first Shahid Soleimani-class patrol-combat vessel during a ceremony that was held at its base in Bandar Abbas. The new patrol-combat vessel is named after Iran’s Quds Force commander Qassem.....

4. 9. 2022 No Responses

Bed Bath & Beyond’s CFO fell to his death from New York’s Tribeca skyscraper

The Bed Bath & Beyond Chief Financial Officer Gustavo Arnal, who was found dead on Friday after falling from the 18th floor of a New York City apartment building, recently was named in a lawsuit accusing him of fraud. The incident occurred...

2. 9. 2022 No Responses

Goldman Sachs’ Secrets Spill Out in New Book

Simon & Schuster just released a new book by Jamie Fiore Higgins, a woman who worked her entire Wall Street career at one firm. Over the span of just under 18 years, beginning on September 2, 1998 and ending officially...

1. 9. 2022 No Responses

Russian ‘De-Dollarization’ Escalates

Begins “strategic” plan to buy billions In “friendly” currencies. Ever since March 2018, when Moscow dumped practically all of its US Treasury holdings, Russia has been at the forefront of a global process of ‘de-dollarization&#82...

29. 8. 2022 No Responses

Delisting Risk for Chinese Stocks: Regulators Reach Audit Agreement

The PCAOB said it planned to have inspectors on the ground in China by mid-September, and make a determination in December on whether China was still obstructing access to audit information. In late 2020, the U.S. Holding Foreign Companies Accountable Act be...

25. 8. 2022 No Responses

India Cuts U.S. Crude Imports By 50% As It Buys Discounted Russian Crude

New reports have emerged that during the second quarter, India slashed its crude imports from the United States by one million metric tonnes while sharply ramping up imports of discounted Russian oil. India’s energy mix now looks dramatically different fro...

24. 8. 2022 No Responses

Twitter covered up fake accounts and security flaws, says US whistleblower

American social media giant Twitter has been accused of hiding major security flaws as a whistleblower said the platform has been lying to customers and officials for years about its attempts to fix its leaky security of user data. Twitter misled...

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