Global Stories

Visa and Mastercard are reassessing whether to allow Wirecard to process payments on their networks after its huge accounting scandal, according to a Bloomberg report. Visa and Mastercard have informed several Wirecard clients that the company’s access to their payment networks may be revoked. Neither credit card firm commented directly …

On June 25, Wirecard collapsed leaving a debt of $4 billion from creditors after revealing a widening gap in their financial statements which their auditor EY said to be the aftermath of complex global fraud. The payments firm filed for insolvency at the Munich court explaining that their $1.5 billion …

Along with other countries, even the U.K. has joined the trend of imposing a ban on Chinese products. With an expectation to announce new curbs in the upcoming two weeks, it is believed that the decision to ban Huawei products from running on the 5G networks will result in mobile signal blackouts for the customers.

Female cryptocurrency experts and influencers speak out regarding gender inequality in the industry, only to end up banned on Instagram. What has actually happened?

Last week, stocks closed sharply lower, as the weight of the ever-increasing coronavirus cases in half of the United States became too much for the optimistic investors to overlook. Florida and Texas— which had an early lockdown— are now the epicenters of America’s outbreak. Both states took additional measures to …

As the market closed last Friday (June 19, 2020), the S&P 500 was going up to 41% from the March 23 lows. According to FactSet, the rally in stock process combined with the reduction in earnings forecasts have pushed the S&P’s forward 12 months P/E ratio to 21.9. The widely …

After June 16’s rally on the better-than-expected figures of retail sales as well as the encouraging study of a certain drug to treat COVID-19 patients, the S&P 500 has rallied 40 percent from its closing low and has dropped just 8 percent from the February peak. Obviously, disasters are not …

The global US dollar crisis, a hallmark of the early events of the coronavirus pandemic, seems to have passed, with the latest milestone of a remarkable turnaround in financial situations engineered by the Fed Reserve and other major central banks. Fed data last week showed that its peer banks from …

Ukraine’s Ministry of Energy is currently dealing with a surplus in energy produced by nuclear power plants of the nation as a result of the lockdown in the country. With that in mind, they believed that utilizing nuclear power plants for mining cryptocurrency can be one of the best ways …

Good news, an antibody test for coronavirus or COVID-19 has been developed by UK scientists. According to the scientists, with this test, results will be released with an accuracy of 99.8 percentage. Edinburgh researchers at blood-screening company Quotients have created a kit to find out if persons are invulnerable to …