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Russia launches Islamic banking for the first time
Business News
Russia launches Islamic banking for the first time
What is Islamic banking and why is it different? Islamic banking is a form of financial system that operates under the principles of Shariah, the Islamic legal system that forbids transactions involving usury, or charging of interest as it is considered an unjust exchange. Islamic banking also does not finance sectors harmful to society such as alcohol, tobacco and gambling. Another key difference is that Islamic banking does not allow…
by Herman Copeland access_time3 years agochat_bubble_outlineLeave a comment
Nigerian Banks Face Inflation Risks Amid Pandemic Recovery
Business News
How Nigerian Banks Face Inflation Risks Amid Pandemic Recovery
Agusto&Co warns of rising operating expenses for banks The Nigerian banking industry is facing a volatile operating environment as the country recovers from the impact of the COVID-19 pandemic. According to a report by Agusto&Co, a pan-African rating agency, the banks are expected to see their operating expenses or cost of operations stretched by soaring inflation and other economic factors. The report, titled “The Nigerian Banking Industry – A Resilient…
by Herman Copeland access_time3 years agochat_bubble_outlineLeave a comment
UK air traffic control system failure causes chaos for travellers
News Travel
UK air traffic control system failure causes chaos for travellers
What happened? A ‘network-wide’ failure of the UK air traffic control system on Wednesday, August 30, 2023, caused severe disruption for thousands of travellers on one of the busiest days of the year. Britain’s National Air Traffic Services (NATS) said it experienced ‘technical issues’ that forced controllers to switch from an automatic system for landing and dispatching flights to a manual one. This meant aircraft had to arrive and leave…
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France’s Banks Balance Sheet Shrinks in June 2023
Business News
France’s Banks Balance Sheet Shrinks in June 2023
France’s banks balance sheet decreased by 2.2% in June 2023 According to the latest data from Banque de France, the balance sheet of France’s banks decreased by 2.2% in June 2023, reaching 11.75 trillion euros. This is the lowest level since December 2022, when the balance sheet stood at 11.72 trillion euros. The balance sheet of France’s banks reflects the total assets and liabilities of the banking sector, including loans,…
by Herman Copeland access_time3 years agochat_bubble_outlineLeave a comment
Financial Revolutionist Highlights the Latest Trends and Insights
Finance News
Fintech News: The Financial Revolutionist Highlights the Latest Trends and Insights
The Financial Revolutionist (FR) is a leading source of fintech news and intelligence, covering topics such as crypto, gig economy, retirement, and more. The FR provides daily newsletters, weekly editions, and special reports for the fintech-forward audience. Here are some of the highlights from the FR’s recent publications. Crypto Solutions: Challenges and Opportunities The FR has been following the developments in the crypto space, especially the regulatory and legal aspects…
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pandemic has left many towns desolate and deprived
Health News
How the pandemic has left many towns desolate and deprived
The COVID-19 pandemic has had a devastating impact on many aspects of life, especially for small towns and rural areas. Many businesses, such as pubs, banks, libraries and swimming pools, have been forced to close or reduce their services due to lockdowns, social distancing measures and reduced demand. This has left many towns desolate and deprived of vital social and economic resources. The decline of pubs and social life Pubs…
by Herman Copeland access_time3 years agochat_bubble_outlineLeave a comment
technology can support employees’ mental health in 2023
News Technology
How technology can support employees’ mental health in 2023
Technology has become an essential part of our lives, especially in the wake of the COVID-19 pandemic that has disrupted many aspects of work and life. As the stresses of modern society and the pressures of life take a toll on workers, advancements in fitness and tech can benefit your organisation. Here are some ways that technology can support employees’ mental health in 2023. Applications for meditation, stress-reduction, and cognitive…
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York Post faces backlash over controversial cover story
News
New York Post faces backlash over controversial cover story
The New York Post, a conservative tabloid newspaper, has sparked outrage and criticism over its cover story on Monday, August 28, 2023. The story, titled “The Trouble with Tranq”, features a graphic photo of a woman’s arm with severe skin lesions caused by a synthetic drug known as tranq. The article claims that tranq, which is often mixed with fentanyl, is spreading across New York and causing flesh-rotting effects on…
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US Open’s new video review system fails in Andy Murray’s match
News Sports
US Open’s new video review system fails in Andy Murray’s match
The US Open tennis tournament introduced a new video review system for the first time this year, but it faced a major glitch during Andy Murray’s first-round match against Corentin Moutet on Tuesday. The system, which is supposed to help the umpires make accurate calls on double bounces, net touches and other situations, malfunctioned when Moutet challenged a point in the final set. What happened in the match? Murray was…
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Best Employers For Tech Workers In 2023
News Technology
How Forbes Ranks The Best Employers For Tech Workers In 2023
The tech sector has been hit hard by the pandemic, with many companies laying off workers or cutting costs. But some employers still offer great opportunities for tech workers to grow their careers and enjoy a positive work environment. Forbes has compiled a list of the best employers for tech workers in 2023, based on a comprehensive survey and data analysis. Here’s how they did it. The Survey Methodology To…
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