SINGAPORE'S new nationwide financial data sharing initiative can help banks narrow the income inequality gap exacerbated by Covid-19, and simultaneously create a billion-dollar business opportunity for the nation's largest lender, DBS chief Piyush Gupta said on Monday.
Britain's Rolls-Royce said on Monday it had signed a deal to sell its civil nuclear instrumentation and control business for an undisclosed sum, kicking off a plan to raise 2 billion pounds (US$2.65 billion) from disposals to recover from the pandemic.
CLOSING the digital divide and deepening partnerships between governments and businesses are key for a more inclusive digital economy that brings the benefits of the Internet to everyone, said Sundar Pichai, chief executive of Google's parent company, Alphabet.
CLOSING the digital divide and deepening partnerships between governments and businesses are key for a more inclusive digital economy that brings the benefits of the Internet to everyone, said Sundar Pichai, chief executive of Google's parent company, Alphabet.
DISRUPTIONS from the pandemic could accelerate tech adoption by financial services, but trust in technology has to be "earned, not claimed", said Microsoft's chief executive Satya Nadella.
LG Electronics said on Monday it had reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals.
SINGAPORE has produced the highest number of blockchain research publications in Asean and the third highest in the world, thanks to contributions from both academic institutions and the private sector.
Capital One Financial Corp (CapOne) has barred customers using its credit cards to clear buy-now-pay-later (BNPL) debt as the transactions bear unacceptable risk, it told Reuters, making it the first to distance itself from the finance alternative.
Goldman Sachs' head of Middle East and North Africa (MENA), Wassim Younan, who built the U.S. bank's business in the region, is retiring after nearly three decades with the Wall Street bank, according to a memo seen by Reuters.
