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UK house prices bounce back in October amid low supply
Business News
UK house prices bounce back in October amid low supply
Halifax reports first monthly increase since March According to the latest house price index from Halifax, UK house prices rose by 1.1% in October, following a 0.3% drop in September. This is the first monthly increase since March, when the average house price reached a record high of £287,000. The average house price in October was £281,974, an increase of around £3,000 over the month. However, on an annual basis,…
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Tata Group may sell Voltas home appliance business, sources say
Business News
Tata Group may sell Voltas home appliance business, sources say
Tata Group explores options for Voltas home appliance division Tata Group, the Indian conglomerate that owns businesses ranging from salt to software, is considering selling the home appliance operation of Voltas Ltd., according to people familiar with the matter. The sources, who asked not to be identified because the information is private, said that Tata Group’s management is deliberating the possibility of the sale and hasn’t decided whether to include…
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Tampa Bay Wave and USF to launch a new healthtech accelerator program in 2024
Health News
Tampa Bay Wave and USF to launch a new healthtech accelerator program in 2024
Tampa Bay Wave, a nonprofit organization that supports high-growth startups, has announced a strategic collaboration with the University of South Florida (USF) to launch a new healthtech accelerator program in 2024. The program, called HealthTech|X Accelerator, will focus on fostering innovation and entrepreneurship in the healthtech sector in the Tampa Bay region. A grant from the U.S. Economic Development Administration The HealthTech|X Accelerator is funded by a $2 million grant…
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Barclays to close UK accounts of expats living overseas
Finance News
Barclays to close UK accounts of expats living overseas
Barclays, one of the UK’s largest banks, has announced that it will no longer offer personal current or savings accounts to customers who have an address registered with them outside of the UK. This means that expats who live abroad and still have financial ties to the UK will have to find alternative banking solutions or risk losing access to their money. Why is Barclays closing expat accounts? Barclays told…
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Federal Action On Banking Needed To Address Racial Economic Inequality
Business News
Federal Action On Banking Needed To Address Racial Economic Inequality
The Community Reinvestment Act (CRA), a landmark legislation enacted in 1977 to combat racial discrimination in access to credit and financial services, has recently been revised by the federal government. However, some experts and advocates argue that the new guidelines are not enough to close the persistent racial economic gaps in the country. The CRA and its impact on racial economic justice The CRA was passed in response to the…
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Open Banking and Finance Set to Transform the MENA Region in the Next Two Years
Finance News
Open Banking and Finance Set to Transform the MENA Region in the Next Two Years
What is Open Banking and Finance? Open banking and finance is a concept that allows customers to access and share their financial data with third-party providers, such as fintechs, banks, and other institutions. This enables customers to have more choice, convenience, and control over their financial services, such as payments, loans, savings, investments, and insurance. Open banking and finance also fosters innovation and competition in the financial sector, leading to…
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How America is joining the global movement of Open Banking
Business News
How America is joining the global movement of Open Banking
Open banking is a concept that allows consumers to access and share their financial data with third-party providers, such as fintech apps, online lenders, and digital wallets. Open banking aims to increase competition, innovation, and transparency in the financial sector, as well as empower consumers to have more control over their money. US regulators announce new rules for data sharing Last month, US regulators announced measures to allow consumers’ financial…
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Banking leaders warn of market risks amid geopolitical tensions and regulatory pressures
Business News
Banking leaders warn of market risks amid geopolitical tensions and regulatory pressures
The top executives of some of the world’s largest banks expressed their concerns about the potential triggers and impacts of the next global financial crisis at a summit in Hong Kong on Tuesday. They cited geopolitical instability, regulatory challenges, and market resilience as the main factors that could pose threats to the financial sector. Geopolitical uncertainty could spark the next crisis The trigger for the next global financial crisis is…
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How Banks Are Losing Billions Due To Their Neglect Of Commercial Payments
Business News
How Banks Are Losing Billions Due To Their Neglect Of Commercial Payments
Commercial payments, the transactions between businesses that involve large sums of money and complex processes, have long been overlooked by banks and other payment providers. While consumer payments have seen rapid innovation and improvement in user experience, commercial payments have remained stagnant and cumbersome. This has created a blind spot for banks that could cost them billions of dollars in revenue growth. The Value Of Commercial Payments For Banks According…
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Crypto and Blockchain: Disruptive Forces in 2024 Technology Trends
News Technology
Crypto and Blockchain: Disruptive Forces in 2024 Technology Trends
Cryptocurrency and blockchain technology are two of the most exciting and disruptive innovations in the field of technology. As we approach the year 2024, these innovations are expected to have a significant impact on various sectors and industries, such as finance, healthcare, supply chain, gaming, and more. In this article, we will explore some of the trends and developments that are shaping the future of crypto and blockchain. The Rise…
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