Samsung’s investment arm FTX hit by meltdown, says exposure ‘will not affect company’s operations’

Samsung Next, the investment arm of South Korean tech giant Samsung, admitted it was affected by the spectacular collapse of crypto derivatives exchange FTX, but claimed the exposure was minor and would “not affect the company’s operations”. Sam Bankman-Fried’s PR may have worked too fast in the past, given that it has been able to … Read more

The US bans the sale of new Huawei and ZTE equipment citing national security risks

The Biden administration has banned the approval of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose an “unacceptable risk” to US national security. The US Federal Communications Commission (FCC) said on Friday that Chinese surveillance equipment maker Dahua Technology Co., video surveillance firm Hangzhou Hikvision Digital Technology Co. Ltd has adopted … Read more

The US CFTC chairman will be questioned by lawmakers about the collapse of the FTX

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Publication date: December 01, 2022 • 6 minutes ago • Read for 2 minutes Join the conversation Content of the article The US’s top financial regulator will be debated by lawmakers on Thursday about the spectacular collapse of cryptocurrency exchange FTX and whether authorities … Read more

Thai exports fell by 4.4% in October

BANGKOK (NNT) – Thailand’s October export growth fell for the first time since February last year as monetary policy tightening in key trading partners to curb high global inflation weighed on purchasing power and economic activity. The kingdom’s exports fell 4.4% to US$21.77 billion in October from a year earlier, according to the Commerce Ministry … Read more

Credit Cards – Continued Rise in Spending Should Increase Revolver Mix, Finally: ICICI Securities

Industry-wide, credit card spending rose 6% month-on-month to Rs 1.3 trillion in October 2022 and is expected to reach Rs 1.2 trillion in November 2022, according to trends. Expectations will remain that continued cost increases will ultimately lift the revolver mix. As of Oct-22, the “credit debit card” spending ratio has doubled (at 1.0 times, … Read more

Why hospital and hospitality look like the best sectors for 2023?

Perpetua’s Lonwabo Magubela talks about the markets where the JSE turns green for the year and sees value in the stock market in 2023. Lullu Krugel from PwC on opportunities and measures to improve energy supply and energy sustainability in SA. Kaspersky’s Emad Haffar on the rise of the robot in production.

WhatsApp banned 23.24 lakh accounts in India in October

WhatsApp on Wednesday said it banned 23.24 lakh accounts in India in October, including 8.11 lakh accounts that were actively banned before being flagged by users. The number of accounts blocked in October was about 13 percent less than the 26.85 lakh accounts banned by the messaging platform in September. “Between October 1, 2022 and … Read more

Bajaj Auto, the top loser in the Nifty50 two-wheeler maker, reported a more than 19% drop in sales in November.

Shares of Baja Auto Limited fell over 4 percent to become the top Nifty50 loser on Thursday, December 1, on the back of declining sales volumes in November. The stock opened 1 percent lower at Rs 3,744.05 on the NSE, mainly reacting to lower-than-expected sales figures for November. Selling pressure pushed the stock down more … Read more