Economy
NFC Money Transfer Candidate Specification (NMT), an alternative to QR codes

NFC Money Transfer Candidate Specification (NMT), an alternative to QR codes

The Near Field Communication (NFC) Forum released its NFC Money Transfer Candidate Specifications (NMT) on Tuesday, March 5, providing payment service providers and consumers an alternative to QR codes by using their NFC payment solutions…

Industry News
US Starts Probe on Selling of Steel Imports Below Fair Price

US Starts Probe on Selling of Steel Imports Below Fair Price

The US Commerce Department said on Tuesday that it is set to open a probe on anti-dumping to find out if fabricated structural steel imported from Mexico, China and Canada is being sold below fair…

Industry News
Federal Trade Commission to Set up Task Force to Monitor Major Tech Companies

Federal Trade Commission to Set up Task Force to Monitor Major Tech Companies

The Federal Trade Commission on Tuesday said that it is going to keep a close monitor on big tech companies like Google and Facebook and it would put up a task force to investigate any…

Economy
Suncorp’s Core Banking Revamp Taking Longer than Expected, Says CEO Michael Cameron

Suncorp’s Core Banking Revamp Taking Longer than Expected, Says CEO Michael Cameron

In August 2016, Suncorp launched a multi-year venture to modernize and update their core banking system with latest developments in Oracle FFS, known as project Ignite. Recently Suncorp has said the configuration of the platform…

Economy
Egyptian Billionaire Says Trump is Right about China

Egyptian Billionaire Says Trump is Right about China

Egyptian billionaire Naguib Sawiris did an evaluation of the ongoing trade war between the U.S. and China and the security concerns of many western countries about Chinese telecommunications giant Huawei. He told, China has been…

Economy
Indian Government Collects Rs. 4,172 Crore as Late Fee for GST Returns Filing

Indian Government Collects Rs. 4,172 Crore as Late Fee for GST Returns Filing

The government has collected a total amount of Rs. 41,72 crore for the delay in filing the GST returns as late fee. The government has imposed a fine of Rs. 25 per day on Central…

Markets News
Sponsorship Deal Of First Every Formula 1 Cryptocurrency In The World

Sponsorship Deal Of First Every Formula 1 Cryptocurrency In The World

Red Bull announced that the sponsorship deal would be in the form of Formula 1 digital currency. It was reported that the Red Bull Racing Team of Aston Martin has partnered with a cryptocurrency firm.…

Economy
Economy shows more signals of recession says Bond King Jeffrey Gundlach

Economy shows more signals of recession says Bond King Jeffrey Gundlach

According to the recent Conference Board’s Consumer Confidence Index, it is said that Drooping consumer sentiment is pointing the way towards a substantial economic slowdown, in particular, the gap that exists between current sentiment and…

Markets News
Chinese Eminent University Criticizes the irrational trade war and US uncertainty over Huawei

Chinese Eminent University Criticizes the irrational trade war and US uncertainty over Huawei

Since the high-level authorities are trying to lash out a deal in order to stop the trade war between the United States and China, one of the leading government academic of China has anticipated that…

Economy
China’s Economic Slowdown Affects Major US Companies

China’s Economic Slowdown Affects Major US Companies

China’s economic slowdown was reflected in the disappointing results of construction machinery giant Caterpillar and a depressing forecast from chipmaker Nvidia. These global companies are massively affected by the slow nature of the economy currently…