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VISA FILES PATENT FOR CRYPTOCURRENCY SYSTEM
Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem.
NASDAQ TO TIGHTEN RULES
Nasdaq has proposed new rules to make it more difficult for some Chinese firms to list on its stock exchange.
FRANCE AND GERMANY PROPOSE €500BN RECOVERY FUND
France and Germany are proposing a €500bn ($545bn; £448bn) European recovery fund to be distributed to EU countries worst affected by Covid-19.
EU TAKES LEGAL ACTION AGAINST LUXENBURG
The European Commission has launched legal actions against Luxembourg over laws to prevent money laundering and tax avoidance, it said in a statement.
US STOCK STAND TALL
The US stock market stands 4% higher today compared to a year ago, despite the death and destruction unleashed by the coronavirus pandemic.
AC Milan Announces Skrill as Its Official Global Payments Partner
AC Milan and Skrill have today shared details for the first time of the four year partnership deal they recently signed which sees Skrill become the Club’s Official Global Payments Partner.
ASIAN STOCKS RISE ON ECONOMIC RESTART
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome uptick in new coronavirus cases and oil prices tumbled.
SAUDI ARABIA TO IMPOSE 'PAINFUL' AUSTERITY MEASURES
Saudi Arabia will triple its value added tax rate and suspend a cost-of-living allowance for state employees, the kingdom's finance minister said on Monday, seeking to shore up finances hit hard by low oil prices and a coronavirus-driven slowdown.
WE CALL IT PANDEMIC THESE 14 COMPANIES CALL IT BLISS
The coronavirus pandemic has been, to say the least, grim for business. But what can mean the death for one industry might be bliss for another because it created new opportunities for several companies.
IS BITCOIN LEADING THE MARKET?
Bitcoin is just 5 days away from the great halving and analysts see great potential in it.