China’s Recovery Is in Real Peril Now
China’s central bank cut its key short-term rate on Tuesday. On top of weak lending data for May, that should be ringing alarm bells.Read More
OPEC Production Slumps as Voluntary Cuts Bite
The group accelerated its efforts to tighten the oil market as a handful of the group’s largest members sharply slashed output as planned.Read More
Experts Offer Advice as UK Regulator Ofcom Falls Victim to ‘MOVEit’ Cyber Attack
UK communications regulator Ofcom has revealed it is one of the victims of the ‘MOVEit’ cyber attack, in which cybercriminals downloaded the personal data of 412 Ofcom employees, alongside a ‘limited amount of information’ about some of the companies it currently regulates. What is the MOVEit attack, and who is behind it? Organisations including the […]
The Profit Squeeze Is On
American companies’ profitability is worse than the headline figures suggest.Read More
Yuan Under Pressure as U.S., China Rates Set to Diverge Further
China’s central bank looks set to cut a benchmark interest rate, a move that will put more pressure on its currency as the Federal Reserve prepares to stand pat.Read More
How a Housing Bet Went Wrong for Activist Investor Elliott
The hedge fund’s strategy of buying into takeovers and pushing for a higher price has misfired with two of Europe’s largest property companies.Read More
Goldman Sachs Is at War With Itself
CEO David Solomon has come under fire from partners who complain about bonuses, strategy and that DJ side gigRead More
This Week in Fintech: TFT Bi-Weekly News Roundup 13/06
Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 13 June 2023. Partnerships and collaborations iProov, a facial biometric authentication technology company, has partnered with Undercoverlab, an Andorra-based custom software developer. As part of the partnership, iProov Biometric Solution Suite has integrated into Undercoverlab’s Tsubacheck security solution to allow faster user authentication through facial […]
Golf’s Titanic Deal Stokes Anger on Capitol Hill
American lawmakers and officials are studying the pact between the PGA Tour and Saudi Arabia’s sovereign wealth fund.Read More
Scalpel, Forceps, Bone Drill: Modern Medicine in Ancient Rome
A 2,000-year-old collection of medical tools, recently unearthed in Hungary, offer insight into the practices of undaunted, much-maligned Roman doctors.Read More
