Fed Can’t Fix Fiscal-Driven Inflation: Jackson Hole Paper
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Finance
Navigator: How Krill Could Keep Buildings Cooler
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Six Killed in Mining Convoy Attack in Eastern Burkina Faso
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Russia’s MOEX to Resume Early Morning FX, Evening Stock Trading in September
The Moscow Exchange (MOEX), Russia’s largest exchange group, says it is planning to resume early morning forex and evening stock trading in September. This is part of moves by the exchange to return to normalcy following the disruptions Russia’s war on Ukraine caused across markets in the exchange. The exchange had suspended stock trading on …
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GBE Brokers Eyes Middle East Expansion with New Dubai Office
GBE brokers announced on Friday the opening of a new representative office in Dubai, thus further expanding its presence in the Middle East and North Africa (MENA) region. The new office is located at the Binary Tower in the Business Bay area in Dubai. “We have created a unique global footprint at the heart of …
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Tamara Secures $100 Million in Series B Funding Round
Tamara, a Saudi financial technology startup, recently announced that it has raised $100 million in the latest Series B funding round led by Sanabil Investments. According to the details shared by Tamara, the fintech firm witnessed 10x YoY growth in revenues. In January 2021, Tamara closed its $6 million seed funding round. In April last …
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NearPay Launches Virtual Crypto Cards, Wallet for iOS and Android; Physical Cards to be Launched ‘Soon’
Source: AdobeStock / joyfotoliakid Seeking to bring what the company describes as “the modern digital banking experience” to the cryptosphere, crypto finance protocol NearPay has launched virtual crypto cards and its wallet for iOS and Android. The service is currently available to residents of the European Economic Area (EEA), which comprises the European Union member …
Phree: Globally Compliant DeFi Ecosystem as a Service
Phree is a decentralized finance (DeFi) trading platform that offers a dedicated and compliant DeFi ecosystem as a service for financial institutions and regulatory compliant DeFi globally. The platform is working to bridge the gap between centralized and decentralized finance with permissionless and transparent solutions that accelerate the financial freedom of consumers globally. What Is …
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Elizabeth Warren hails Biden’s student-debt relief while saying, ‘Sure I argued for more’
Senator Elizabeth Warren, who lobbied hard for President Joe Biden to forgive $50,000 in student loan debt per borrower, said his much smaller plan can still address racial and gender wealth inequality and help tame inflation. “Sure I argued for more, and I think there’s more that we can do,” Warren said in an interview …
White House claims student-debt relief will cost about $24 billion per year, way lower than outside estimates
President Joe Biden’s plan to provide relief for student loan borrowers will cost about $24 billion per year, the White House now says, a figure markedly lower than other private estimates. White House press secretary Karine Jean-Pierre offered up the new figure on CNN Thursday night, after facing repeated questions about the cost of the …