All The Latest News From Around The World

Netflix To Contribute $100 Million To Fight Racial Inequality In The USA

July 1, 2020

On the last day of June 2020, Netflix made a powerful announcement in an effort to increase financial opportunities for Black Americans and close the prevalent economic gap between Black and White Americans. “We believe bringing more capital to these communities can make a meaningful difference for the people and businesses in them, helping more…

FCA Blocks Thousands of British Accounts Following Wirecard Scandal

June 30, 2020

Following the German payment provider, Wirecard’s accounting scandal, thousands of British users’ accounts have been blocked leaving many in financial distress.  This happened last week when Britain’s Financial Conduct Authority (FCA) issued restrictions against Wirecard’s services.     The FCA stated that it cannot lift restrictions until Wirecard can reassure them that client money is…

COVID-19 Continues To Sink Global Markets as Asian Indices Decline

June 29, 2020

On Sunday, the US reported over 38,000 new COVID-19 cases, plus over 250 deaths. There has been a staggering rise in reported cases all over the country, particularly in the state of Florida, although on Sunday, New York topped that number. US officials are encouraging the public to get tested for the virus and to…

Revolut Introduces Yet More Banking Fees

June 25, 2020

Revolut is starting to look like just about any other bank these days. Don’t get me wrong here. I’m a firm devotee of the Revolut ecosystem, use my Revolut cards for pretty much everything I do online and in the real world and have a serious soft-spot for the app. That’s just by way of…

Rise in COVID-19 Cases Cause Global Markets To Plummet Once More

June 24, 2020

Despite the first month of summer coming close to an end, the global tally of COVID-19 cases has crossed the 9 million mark with almost half a million lives lost due to the deadly virus. The most recent flares-ups have caused global markets to succumb; on June 24th, 2020 European markets declined as the Stoxx…

Larry Fink Promises To Increase Black Workforce at BlackRock by 2024

June 24, 2020

On June 23rd, 2020 Larry Fink, chairman and CEO of the American investment management giant, BlackRock Inc. announced through a LinkedIn blog post, that the company plans to increase its Black personnel by 30% by 2024. “BlackRock is committed to doing its part, consistent with our purpose, to help build a better, fairer society. This…

Wirecard CEO Markus Braun arrested for fraud

Wirecard CEO Markus Braun Arrested For Fraud

June 23, 2020

So how exactly do you “misplace” €1.9 billion? That’s the conundrum Wirecard auditors Ernst and Young need to unravel. That particular question was first asked last Friday. The first answer came from the markets as the former darling of the Fintech world shed 80% of its share value following the revelations. Image courtesy of Finanzen.net…

The Future of Investing: What Stocks To Look Out For In 2020?

June 2, 2020

Nothing could prepare the world for the devastating consequences of the COVID-19 pandemic, that not only took over 350,000 lives but also shattered financial markets, economies, and industries across the world. Prior to the virus, many global economies were already facing difficulties, for example, the world’s largest stock market by market capitalization, the New York…

Digital Gold: Bitcoin’s Astonishing Growth In The Last Decade

May 21, 2020

At the end of 2019, Bitcoin was proudly crowned as the “star investment” and was proclaimed by various financial institutions as the best investment of the past decade, dimming the limelight of strongest commodities, bonds, securities, and even the almighty fiat currencies such as the US Dollar. The affirmations were backed with the fact that…

Sustainable Investing in 2020

May 19, 2020

What Is Sustainability? Sustainability is the practice of focusing on existing in the modern world and meeting the current generation’s needs, without depleting natural resources or compromising the life of the future of human civilization. Sustainability is based on three main concepts, also known as the ESG metrics: Environmental – which refers to caring for…