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TransferWise to offer investment services to borderless account customers
TransferWise has secured approval from the FCA to offer investment services to customers of its borderless bank account. The Financial Conduct Authority has ...
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U.S. House bill targets banks amid fears over China law for Hong Kong
The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement Beijing’s draconian new ...
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Nigerian entrepreneurs get £5,000 funding for innovative ideas on COVID-19
The funds were provided by the Royal Academy of Engineering project CARE (COVID Africa Rapid Entrepreneur) initiative in response to the coronavirus pandemic. ...
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Biotech firm Carmine Therapeutics inks US$900m deal with Takeda Pharmaceuticals
CARMINE Therapeutics, a biotech firm developing non-viral gene therapies for rare diseases, on Wednesday said it has signed a US$900 million research agreement ...
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Google to Discontinue Outdated G Suite Apps
Google has decided to discontinue several old versions of specific G Suite apps in August 2020 – and encourages users to update their ...
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When Licensing New Tech Is Better Than Building It In-House
Most companies fear competition from a rival’s product innovations and the risk of falling behind their industry’s technological frontier. Firms affected by such ...
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Société Générale is acquiring freelancer challenger bank Shine
Société Générale is acquiring French startup Shine. Terms of the deal are undisclosed. According to a source, Shine  is getting acquired for around €100 million in ...
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Netflix moving $100 million of cash holdings to black-owned banks
Netflix is pledging $100 million to support black-owned banks, the company announced Tuesday. The streaming video giant announced that it would shift 2 ...
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Visa-Owned Fintech Startup Slammed With Class Action Lawsuit for Data Breach
A class action by aggrieved users of various payment apps such as Venmo, Square’s Cash App, and Stripe filed a lawsuit against Visa-acquired ...
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Teflon Thailand is primed for Israeli innovation solutions
The economic relations between Israel and Thailand are blossoming like never before. But for Dagan Alony, head of Israel’s Economic and Trade Mission ...