On Thursday, gaming firm Razer Inc stated, it is leading a consortium of companies that has applied for online banking license in Singapore. Razer’s fintech business will have a 60% stake in the consortium which includes FWD, an insurance firm, and Sheng Siong Holdings, a private vehicle of the Lim brothers behind a Singaporean supermarket…
According to five sources familiar with Indonesia’s move, Jakarta plans on imposing fixed fees on select e-wallet transactions. The move could potential choke key revenue streams and raise costs for payment startups. Providers of e-wallet services in Indonesia, Southeast Asia’s largest economy, currently customize fees for vendors: while they charge a premium from big retailers…
In a statement, Microsoft Corp disclosed, a hacking group called “Thallium” has taken control of web domains to steal nuclear related data. In a blog post, Microsoft stated, Thallium, believed to be operating from North Korea, targeted government employees, university staff members, think tanks, and individuals working on nuclear proliferation issues, among others. Most of…
On Friday, Turkey’s official gazette stated, its new domestic electric car project will receive a fixed investment of $3.7 billion (22 billion lira) over a period of 13 years, and will have an annual production capacity of 175,000 vehicles. Its new domestic electric car project, launched on October 30, will receive state support, including tax…
On Friday in a statement, the Commercial Aircraft Corp of China Ltd (COMAC) stated, the sixth prototype of its home-built C919 narrowbody passenger plane has completed its first test flight. The prototype of the C919 is the last test plane COMAC had planned for the program; it was scheduled to fly before the end of…
As per a report by Mastercard Inc, e-commerce sales saw record highs this shopping season in the United States, with U.S. shoppers preferring online sales to their brick-and-mortar counterpart. For retailers, the holiday shopping season is a crucial period for which can account for up to 40% of annual sales. This year, Thanksgiving, which traditionally…
On Monday, in a statement Roche said, it has entered into a $1.15 billion licensing deal with Sarepta Therapeutics to obtain the right to launch and commercialize Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD) outside the United States. Roche will be making an upfront payment of $750 million in cash and $400 million…
Following an influential parliamentary committee calling on Rome to block China’s Huawei to build Italy’s 5G telecom infrastructure, the country’s industry minister stated, Huawei should be allowed to bid for Italy’s 5G spectrum. “We have passed legislation that guarantees national security. With the right defenses, the possibility of (Huawei’s) access is not up for debate,”…
France’s competition watchdog has levied a fine of $167 million on Google citing Google’s non-transparent advertising rules and the fact that it changes them at will. Google is facing a growing number of investigations into its advertisement business practices, on both sides of the Atlantic. The ruling is the first penalty by the French authorities…
Following a ruling by a judge that Uber’s ride hailing services in Colombia is in violation of competition rules, Colombia has ordered Uber to cease its ride-hailing operations in the country. The court order came in the wake of a lawsuit filed by COTECH SA against against Uber alleging that the U.S. company had the…
business-gurus.com 