Visa recently announced its plans to introduce a dedicated service for account-to-account (A2A) payments, revolutionizing the traditional payment methods that involve credit cards and direct debits. This innovative service aims to provide consumers with more control, security, and convenience when making online purchases, ultimately enhancing their overall payment experience. One of the key benefits of
Finance
As China continues to grapple with property struggles and U.S. sanctions, the latest Milken Institute’s best performing cities China index sheds light on the varying impacts on different cities. Hangzhou, the capital of the eastern Zhejiang province, has emerged as a frontrunner in this year’s rankings, thanks to its thriving tech industry which is home
British financial technology company Zilch recently announced a significant achievement, reporting its first-ever month of profit. This accomplishment represents a pivotal moment for the company as it sets its sights on an eventual initial public offering. Zilch, a major player in the buy now, pay later sector alongside competitors like Klarna and Block, disclosed that
In a monumental moment, Warren Buffett’s Berkshire Hathaway made history by reaching a $1 trillion market capitalization, marking itself as the first non-technology company in the U.S. to achieve this milestone. The Omaha-based conglomerate has seen its shares surge by over 28% in 2024, outpacing the S&P 500’s 18% gain. This feat was accomplished just
In a recent interview with CNBC’s “Squawk Box Asia,” Kenneth Akintewe, the head of Asian sovereign debt at British fund manager abdrn, expressed his concerns about the U.S. economy potentially facing a prolonged slowdown in 2025. While abdrn predicts a soft landing for the economy, Akintewe raised questions about whether the Federal Reserve is making
China’s gaming industry has recently been making waves with the release of Black Myth: Wukong, the country’s first attempt at a top-tier video game. This action-packed game, set in mythological China, soared to new heights by selling over 10 million units just three days after its launch on Aug. 20. This remarkable achievement has not
Dollar General, a well-known discount retailer catering to lower-income customers in rural areas, faced a significant setback when it slashed its sales and profit guidance for the full year. The company’s shares plummeted by 25% following the earnings report, indicating a growing concern among investors about its performance in the challenging economic environment. With fiscal
Chinese President Xi Jinping conveyed a message to U.S. national security advisor Jake Sullivan during a meeting, expressing Beijing’s desire for a positive relationship with Washington. Xi emphasized the importance of finding the right way for the two countries to coexist, despite the escalating tensions in recent years. Xi reiterated China’s commitment to a stable,
Chinese electric car companies are engaged in a fierce price war, but they are now moving their battleground to another front: chip-powered tech features. Instead of relying on Nvidia chips as many have done in the past, companies like Nio and Xpeng are announcing their own in-house designed auto chips for production. This move comes
The White House announced that U.S. President Joe Biden and Chinese President Xi Jinping are scheduled to speak over the phone in the “coming weeks.” This news came as National Security Adviser Jake Sullivan visited Beijing to meet with Wang Yi, China’s top diplomat. Both sides also mentioned plans for their military leaders to engage