Monthly Archives: September 2022

What’s pushing growth in proximity mobile payment usage?

Mobile proximity and peer-to-peer (P2P) payments have hit the mainstream, thanks to a pandemic-driven upswing in digital payments. We present our eMarketer forecasts for growth in the mobile proximity and mobile P2P payments space, as well as assess top players in each area.  Do you work in the Financial Services industry? Get business insights on…

An agency that signed off on fraudulent colleges like ITT Tech that caused student debt to spiral is officially shutting down

College graduation. Rattanakun Thonbun/EyeEm ACICS, which accredited major for-profit schools, announced it will be shutting down. Last month, the Education Department decided to strip the agency of its federal status. ACICS will not appeal the decision but maintains it had been in compliance with federal standards. An agency that signed off on some of the…

A total Russian gas shutoff would plunge Europe into a ‘multi-winter crisis,’ says RBC’s global commodity chief

Europeans continue to request millions of tonnes of gas from Russia despite sanctions. AP A total shutoff from Russian gas could lead to a “multi-winter crisis” for Europe, RBC’s Helima Croft said. EU countries have made progress in building up their gas reserves, but only with the help of Russian flows so far. Any alternative…

Russia’s hunt for weapons and ammo in Iran and North Korea is a sign of ‘desperation’ and that ‘things are not going well’ in Ukraine, US officials say

Russian President Vladimir Putin attends the plenary session of the Eastern Economic Forum, on September 7, 2022 in Vladivostok, Russia Photo by Contributor/Getty Images Russia has been looking to Iran and North Korea for weapons and ammunition in recent weeks. US officials say the conversations are a sign that Russia’s war in Ukraine is “not…

The US dollar’s relentless advance sends China’s foreign exchange reserves to the lowest since 2018

Chinese President Xi Jinping and US President Joe Biden. REUTERS/Tingshu Wang Data from the People’s Bank of China showed reserves fell by the equivalent of $49.2 billion to $3.0549 trillion by the end of August. The State Administration of Foreign Exchange attributed the decline to lower asset prices as the dollar climbs. The US dollar…

iPhone 14 Cases Allegedly Leak Ahead of Wednesday’s ‘Far Out’ Event

New images shared on Twitter allegedly showcase upcoming cases from Apple for the iPhone 14 lineup expected to be announced this Wednesday. The images, shared by Majin Bu, include both leather and silicone case options for all the expected ‌iPhone 14‌ models. While the photos claim to show official cases from Apple, they’re most likely…