© Reuters. FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. REUTERS/Ronen Zvulun JERUSALEM (Reuters) – Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three…
© Reuters. FILE PHOTO: People walk in front of closed shops as traders lock up their stores in protest of Ghana’s worsening economic conditions in Accra, Ghana October 19, 2022. REUTERS/Francis Kokoroko By Cooper Inveen ACCRA (Reuters) – Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in…
© Reuters. FILE PHOTO: Belarusian Prime Minister Roman Golovchenko attends a meeting with Russian Prime Minister Mikhail Mishustin in Moscow, Russia March 14, 2022. Sputnik/Alexander Astafyev/Pool via REUTERS (Reuters) – The economy of Belarus is expected to shrink by 4% in 2022 after western nations imposed punitive measures, much less than some had forecast, Interfax…
© Reuters. FILE PHOTO: Bread and other baked goods are offered for sale in the shop of the Bonert bakery in Munich, Germany, September 15, 2022. REUTERS/Lukas Barth BERLIN (Reuters) -Inflation is likely to remain high for another two years as companies pass on higher input costs and in some cases exaggerate them, the head…
Share to FacebookShare to TwitterShare to LinkedinTopline Nearly 125,000 employees lost their jobs so far this year as more than 120 large U.S. tech companies, banks and manufacturers implemented massive rounds of layoffs, according to the Forbes layoff tracker, which documented major cuts (over 100) beginning in June when recession fears began to surge. Outside…
Eugen Rochko came up with the idea for and built Mastodon some six years ago during another one of Twitter’s dips. A developer who had already been interested in and was working with open source software, he got the idea for Mastodon from a federated version of a forum he’d built in high school. That…
Twitter is in crisis these days. Under new owner Elon Musk, the service has lost more than half its staff through layoffs and quitting, made erratic moves in its product and platform strategies and is facing up to reports about its financial state. That disruption, in true tech industry style, has led to the emergence…
When the subject is cryptocurrencies, bitcoin usually dominates. The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurrency industry. Since its creation by one or more anonymous people in 2009, bitcoin has always been assigned the leading role. Cryptocurrency fans see the most…
The US Federal Reserve has historically taken pride in being independent from political influence. In promoting the effective operation of the U.S. economy, it seeks to conduct monetary policy for maximum benefit of the public interest and the stability of the financial system. One of the Fed’s primary tasks, for example, is deciding when to…
This year in tech, too much happened and very little of it made sense. It was like we were being controlled by a random number generator that would dictate the whims of the tech industry, leading to multiple “biggest news stories of the year” happening over the course of a month, all completely disconnected from…
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