Summary List PlacementSmall and midsize financial institutions (FIs)—those with under $100 billion in assets—can’t hope to compete directly with the quality of digital user experience (UX) on offer at the largest US banks due to their smaller tech budgets. Per 2020 eMarketer data, the nine largest US banks accounted for 60% of total banking IT/tech…
Anti-Semitism incidents in Austria rose last year to the highest level since the Jewish community’s official records began 19 years ago, with protests against coronavirus restrictions helping to fuel the rise, a report showed on Monday.The number of reported incidents, which range from online abuse to physical attacks, increased by 6.4% in 2020 to 585,…
Topline As many politicians—including President Biden—applaud the conviction of former Minneapolis Police Officer Derek Chauvin as a step toward combating racial bias in policing, Sen. Lindsey Graham (R-S.C.) said Sunday he does not believe systemic racism exists in law enforcement or other U.S. institutions. Key Facts “No, not in my opinion,” the South Carolina Republican…
DUBAI, April 26 (Reuters) – UAE oil storage company BPGIC is in advanced talks to buy a green energy firm as it aims to diversify its business and contribute to the global push to fight climate change, an industry source close to the discussions told Reuters.Brooge Petroleum and Gas Investment Co (BPGIC) is in talks…
Visitors to Greenwich Park sit and look towards Canary Wharf financial district as lockdown restrictions are eased amidst the spread of the coronavirus disease (COVID-19) pandemic in London, Britain, April 25, 2021. REUTERS/Peter NichollsBritain reported 1,712 new cases of COVID-19 on Sunday, government data showed, meaning there were 17,063 new cases between April 19 and…
Topline Sen. Josh Hawley (R-Mo.) on Thursday was the sole senator of either party to vote against a bill to combat a spike in hate crimes against Asian Americans attributed to the coronavirus pandemic, the latest example of Hawley positioning himself as the Senate’s most steadfast opponent of Democratic legislation. Key Facts The bill, introduced…
Topline President Biden will propose hiking the capital gains tax rate from 20% to 39.6%, Bloomberg first reported Thursday, meaning that the top federal tax rate for some high-earning individuals could rise to 43.4% thanks to an additional 3.8% tax on net investment income that was passed as part of Obamacare. Key Facts The new…
United Arab Emirates-listed Dana Gas (DANA.AD) said on Sunday it had abandoned plans to sell onshore oil and gas assets in Egypt after conditions for a transaction could not be met.The energy company had expected to close the $236 million sale to IPR Wastani Petroleum Ltd, a member of the IPR Energy Group, early this…
Saudi Minister of Finance Mohammed al-Jadaan gestures as he speaks during a news conference to announce the country’s 2021 budget, in Riyadh, Saudi Arabia December 15, 2020. REUTERS/Ahmed YosriSaudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance…
Big data firm Splunk is emerging from bumps in its cloud transition, CEO Doug Merritt tells Insider. After first building on Amazon’s cloud, it now works with Google and, soon, with Microsoft. Its growth strategy hinges on plans to go after more government deals and win over legacy companies. See more stories on Insider’s business…
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