Category: Business
How Companies are Heading Towards Paperless Future
As we move towards a cashless environment, the initial frenzy and confusion have given way to a paper-free work environment. With global-tech firms like Google, Amazon are paving the way for digital payments, this has reduced the dependency on cash and pushed us towards the use of digital solutions. These initiatives have captured the imagination…
U.S. Unemployment Rate Unexpectedly Rises, Despite Strong Job Creation
The U.S. employment report for January released on Friday painted a mixed picture of the labor market as job creation smashed expectations, but the jobless rate ticked up unexpectedly and wage inflation saw weakness. Nonfarm payrolls (NFP) rose by 304,000 in January, compared to the consensus estimate for the creation of 165,000 jobs, and the 213,000…
An angry historian ripped the ultra-rich over tax avoidance at Davos, then a ‘Davos man’ was given the mic
Rutger Bregman, a Dutch historian and author who studies poverty and global inequality, had a first this year: being invited to the world’s most prominent gathering of wealthy people – the World Economic Forum’s annual meeting in Switzerland – as a speaker. But after arriving Davos, the small town in the Swiss Alps where the…
Oil caught between trade talk hopes, weak China data
By Henning Gloystein SINGAPORE, Feb 1 (Reuters) – Oil prices held steady on Friday, torn between hopes the United States and China could soon settle their trade disputes and new data raising fresh concerns over China’s economic slowdown. International Brent crude oil futures LCOc1 were at $60.87 per barrel at 0244, 3 cents aboe their last close.…
Canadian dollar tracks oil prices higher ahead of Fed rate decision
Canadian dollar rises 0.4 percent against the greenback * Loonie on track to rise 3.2 percent in January * Price of U.S. oil up 1.2 percent * Bond prices fall across the yield curve TORONTO, Jan 30 (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Wednesday as stocks and oil prices rose…
How this tech genius created a multi-million dollar trucking company out of frustration
Amari Ruff knew how tough his journey from high school to college and to work has been. So when he finally grabbed a job and helped that business grow to $4.5 million, he was excited about the promise of a promotion. But his hopes were dashed when the company refused to fulfil that promise. Despite…
South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules
South Korea’s top financial regulator has said it will not lift the ban on domestic initial coin offerings (ICOs) after finding that some projects have been violating rules. As ICO investment is a “high risk” activity, the Financial Services Commission (FSC) said, calling on the public to exercise caution when investing in token projects, according…
SOMALI: Hargisa & Mogadishu Carrying Out Joint Cryptocurrency Trials
SomaliCoin Beta launched in 2012 and has been waiting for the perfect time to go LIVE. The SomaliCoin carry out tests on a new cryptocurrency before it is introduction into the national financial system Cryptocurrency wave has taken over the entire world. There is no single country that does not have a trace of cryptocurrency…
SOMALICOIN Solution to Funds flowing to terrorism: National Security
Mobile money agents in Kenya have become cautious as the police investigate a link between use of the service and terror activities in the East African nation. SomaliCoin a Security Token was working for the past 7 years in building its infrastructure to solve money laundering to terror groups and criminal actors in the Somali…
SomaliCoin: World-leading move towards a cashless culture
Abdul Rashid has sold sweet Somali tea on the muddy streets of Hargeisa for decades. As night falls in the capital of breakaway Somaliland and worshipers flood out of the mosque, a handful congregate around his rickety table. While he pours from a flask into paper cups, buyers type a string of numbers into mobile…
