EU Agrees To Implement New Rules For Crypto Market To Tame The ‘Wild West’

In order to issue and sell digital coins in the European Union, companies dealing with cryptocurrency will now require a licence and client safeguards under pioneering new laws approved by the EU to tame a volatile “Wild West” industry. Globally, crypto assets are generally unregulated, with national operators in the EU simply obliged to demonstrate anti-money laundering safeguards.…

Goldman Sachs Collaborates With Derivative Path To Expand Transaction Banking

Goldman Sachs Group Inc announced a partnership with capital markets technology firm Derivative Path that will allow thousands of US regional banks and credit unions to use its foreign exchange services. The collaboration is Goldman’s latest attempt toward increasing market share in the congested and competitive transaction banking area, which it entered in 2019. Derivative…

Toyota Forges A New Path In India With The Launch Of Its First Mass-Market Hybrid Vehicle

Toyota Motor Corp revealed its first mass-market hybrid automobile for India, a sport utility vehicle (SUV), on Friday, establishing a new path for the Japanese automaker in one of the world’s fastest-growing car markets. The Toyota Urban Cruiser Hyryder SUV, the first vehicle produced as part of a global alliance with Suzuki Motor Corp, will…

Bitcoin Falls Below $19,000 Once More As Pressure Increases On Cryptocurrency Firms

Bitcoin temporarily dipped below $19,000 on Thursday, as the world’s largest digital currency remains under pressure from macroeconomic concerns and a liquidity crisis among high-profile cryptocurrency firms. According to CoinDesk data, Bitcoin was trading at $19,143.50 at 6:10 a.m. ET, down 4 per cent from the previous day. The digital currency is down over 58…

Consumer Organisations Claim That Signing Up For Google Is A “Fast Track To Surveillance”

A consortium of ten European consumer organisations is suing Google over the company’s account sign-up process. A Google account is required to use many of Google’s goods and services. The organisation, however, claims that the sign-up process leads users toward options that capture more data. Google told the BBC that it appreciated the opportunity to…

H&M Anticipates Further Price Increases, With Earnings Boosted By Lesser Discounting

H&M, the budget apparel retailer, said on Wednesday that it plans to raise prices further this year after announcing forecast-beating profits with margins boosted by fewer discounts. H&M boosted prices in the first half of the year in response to higher transportation and raw material costs, and Chief Executive Officer Helena Helmersson told Reuters that…

Mercedes CEO Believes The Semiconductor Shortage Will Last Until 2023

The global shortfall of semiconductor chips will endure through this year and into 2023, according to the CEO of premium German carmaker Mercedes-Benz. “The semiconductor situation is very present and will be a challenge for the industry throughout this year and into next year,”CEO Ola Kaellenius said at the Reuters Automotive Europe conference in Munich.…

Will The Market Of Electric Motorcycles Take Off In Asia?

In the United Kingdom, the term “electric vehicle” brings up visions of a Tesla or another similar car, but in Asia, the war for EV dominance is being fought on motorcycles. When you visit most Asian countries, you’ll notice that motorcycles swarm and buzz around everywhere. It’s not uncommon to see a two-wheeler carrying a…