In a move that surprised many within the financial technology industry, Apple announced this week the discontinuation of its in-house buy now, pay later (BNPL) service, Apple Pay Later. Launched in the United States in October 2023, the service enabled users to split purchases into four interest-free installments. This decision marks a strategic pivot for…
Taipei, Taiwan – June 18, 2024 – Cisco Systems Inc. (NASDAQ: CSCO), a leading provider of networking equipment, unveiled plans to establish a cybersecurity center in Taiwan. This initiative forms a key pillar of Cisco’s “Taiwan Digital Acceleration Plan 3.0,” underscoring the company’s commitment to enhancing cybersecurity in the region. The new center will focus…
Infosys, a leading Indian multinational information technology company, has announced a comprehensive relocation package to incentivize employee transfers to its new development center in Hubballi, India. The Hubballi campus, operational since 2022, boasts a capacity of 5,000 IT professionals, and Infosys seeks to fill these positions with the help of this strategic program. Details gleaned…
A recent development from Switzerland blurs the lines between science fiction and reality. FinalSpark, a biocomputing startup, has unveiled a biocomputer that leverages living human brain cells, rather than traditional silicon circuits. This groundbreaking technology, known as the Neuroplatform, signifies a potential paradigm shift in computing, offering the prospect of vastly increased processing power with…
Economist Harry Dent has issued a stark warning, predicting a significant market correction that could surpass the severity of the Great Recession. In a recent Fox Business interview, Harry Dent characterized the current market as a “bubble of all bubbles,” inflated by over a decade of accommodative monetary and fiscal policies. Dent’s forecast outlines a…
Amazon.com’s cloud computing arm, Amazon Web Services (AWS), unveiled a significant commitment to fostering Taiwan’s digital infrastructure. AWS plans to establish a new infrastructure region in Taiwan by early 2025, accompanied by a multi-billion dollar investment spread over the next 15 years. This strategic move underscores AWS’s confidence in the burgeoning Asian cloud service market…
If everyone traded in the stock market, it would lead to some interesting and potentially volatile consequences: Increased Volatility: With everyone buying and selling stocks in the stock market, prices would likely swing more dramatically. This is because there would be a constant churn, with less emphasis on long-term fundamentals and more on short-term sentiment….
A recent social media video has cast doubt on the natural origins of Yuntai Waterfall, the purportedly tallest waterfall in China. The footage, uploaded by a hiker under the username “@unlimited_ls”, appears to show pipes discreetly feeding water into the cascading falls. The video has garnered significant attention online, with many expressing surprise that a…
The Reserve Bank of India (RBI) has bolstered confidence in the Indian economy by projecting a 7% growth rate for the current fiscal year 2024-25 (April 2024 to March 2025). This forecast follows a strong performance in FY 2023-24, with GDP expanding by a robust 7.6%. The RBI’s projection underscores the resilience of the Indian…
The Securities and Exchange Board of India (Sebi) recently issued a comprehensive master circular for stock brokers. This document consolidates prior regulations and places a strong emphasis on investor communication. Here, we analyze the key points regarding email and SMS alerts mandated by Sebi. Ensuring Transparency Through Accurate Client Data The new circular prioritizes the…