Saudi Telecom's STC Pay business will be converted into a digital bank with paid-up capital of 2.5 billion riyals ($666.7 million) after Saudi Arabia's cabinet approved licenses for two digital banks, it said on Wednesday.
TOKYO (Reuters) -The Japanese government is looking at tightening regulations on foreign funds that hold stakes in domestic firms with important technology in areas such as nuclear power and defence, the Yomiuri newspaper reported on Wednesday.
British pilots on Wednesday urged politicians to save the summer holiday season through clearer travel guidance and provide direct financial support to rescue jobs as the industry grapples with an existential crisis brought on by COVID restrictions.
Call centre software company Aircall has raised a further $120 million in funding from investors including Goldman Sachs Asset Management, lifting its valuation to more than $1 billion.
Sydney houses with crumbling walls, shredded ceilings, and bathrooms and kitchens stripped of fixtures are getting snapped up for millions as buyers try to grab a slice of Australia's soaring property market.
Cash is still king in Switzerland, a Swiss National Bank study published on Wednesday found, although the wealthy country's citizens are increasingly turning to cards and apps for payments during the pandemic.
A new 50 pound ($70) banknote featuring the mathematician and computer scientist Alan Turing enters circulation in Britain on Wednesday, three months after the Bank of England first unveiled the design https://www.bankofengland.co.uk/banknotes/polymer-50-pound-note.
Absorbing spare labour market capacity and achieving full employment are important national priorities, a senior Australian central bank official said on Wednesday, reiterating the bank's commitment to supportive monetary policy.
Bank of Japan board members voiced hope in April that the massive stimulus deployed by nations will quicken Japan's economic recovery, with domestic consumption potentially providing a tailwind as accumulated savings get spent.
The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off.
NEW YORK (Reuters) -Brooklyn Borough President Eric Adams, a former police captain who put public safety at the center of his campaign for New York City mayor, was leading a field of 13 Democratic candidates in Tuesday's primary election, though the outcome likely won't be known for weeks.