License requests to operate in China are being prepared to be submitted within months by U.S.-based payment card companies, including American Express, MasterCard and Visa, reported news agency Reuters citing three people with direct knowledge of the matter.   However, it may not be soon...

Amazon launched its own social network named Spark. The service’s main goal is to offer an opportunity to purchase goods in the company's online store. Not only the new service will allow users to exchange interesting information, but also to make purchases. Spark is available in the Amazon for...

With the aim of increasing competition from new fintech firms in the financial system, where the "Big Four" high street banks have long dominated, the Bank of England has widened access to Britain's interbank payments system with the country.   With the undeniable fact, supported by many...

In a figure that is at par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday that a major, global cyber attack could trigger an average of $53 billion of economic losses.   The hypothetical situation of cyber attacks on...

As Philippine President Rodrigo Duterte considers resuming energy exploration in the tension-laden South China Sea, Manila appears to be testing its relationship with Beijing.   Located in the international waterway, the oil and gas drilling in the Reed Bank has been suspended since 2014....

In what is one of the largest Chinese real estate deals ever made, Sunac, a Chinese property developer is buying a bunch of its theme parks and hotels from major Chinese conglomerate Dalian Wanda for $9.3 billion.   And the interesting part is that in order to close the deal, Wanda is...

Even though the U.S. carrier is ending their code-share agreement, Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc.   As "an extension of our stance against the illegal subsidies that these carriers receive from their governments", it was cancelling...

Expansion of Qatar National Bank’s presence in Asia helps the lender to negate influence of the campaign conducted by Arab states to isolate Qatar, the bank's head stated. QNB’s shares have risen against this backdrop. The largest Middle Eastern bank in terms of assets intends to reduce share of...

Amid concerns the cyber security firm's products could be used by the Kremlin to gain entry into U.S. networks, Moscow-based Kaspersky Lab was removed from two lists of approved vendors used by government agencies to purchase technology equipment by the Trump administration on Tuesday.  ...