Emerging economies face trade deficits that cause demand for the dollar, which dominates global trade to exceed supply. This imbalance raises costs and delays trade. In Africa, the problem is exacerbated by the shortage of tech solutions addressing the liquidity needs of large enterprises and multinationals, with many cross-border payment platforms opting to build consumer-facing […]
Luxury fashion startup The Floorr empowers personal stylists with tools to grow their businesses
The Floorr launched earlier this year to shake up the digital styling experience by empowering personal shoppers and stylists to manage and expand their businesses in an increasingly competitive environment. Available on the web and iOS devices, The Floorr offers tools for conducting sales, hosting tailored styling sessions, creating mood boards, and engaging in text […]
Faulty CrowdStrike update causes major global IT outage, taking out banks, airlines and businesses globally
Businesses across the world are reporting IT outages, including Windows “blue screen of death” errors on their computers, in what has already become one of the most widespread IT disruptions in recent years. The outage — linked to a software update from popular cybersecurity firm CrowdStrike — has affected computers running Microsoft Windows at organizations […]
Popular Actors Under Fire For “Ripping Off” Fans With New Food Businesses
Popular actors from China are under fire for ripping off fans. Dylan Wang, famous for his roles in Meteor Garden (2018), Love Between Fairy and Devil (2022) and Only for Love (2023), is one of the celebrities netizens have a bone to pick with. Dylan Wang in Meteor Garden He opened a pop-up bakery called […]
Connect Money scores $8M to enable non-bank businesses to offer embedded finance services
Banking-as-a-service (BaaS) platforms continue to be at the heart of driving access to digital financial services through their technology that offers fintech capabilities to non-bank businesses. Businesses are tapping these platforms to get past difficulties and time-consuming processes, such as building tech infrastructure and acquiring requisite regulatory approvals, to offer financial services such as cards, […]