Article: DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV

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DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV

KARTHIK SUBRAMANIAN, 22 June 2021

The bank had exited the business around a decade back by selling it to EVO Payments as it had felt that the business was no longer viable and was highly risky as it was used for gambling and financial crime. But as we have been saying many times over the last couple of months, the payments business is back in vogue and it is expected to grow in a very large manner all around the world in the coming months.

The main driver behind this change in the digital payments business is the pandemic that has been raging around the world over the last couple of years. This has made people stay indoors and even those who are not used to making payments digitally have been forced to do so during this period. Continue reading “Article: DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV”

Article: Why India wants to put an end to Amazon and Flipkart’s flash sales

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Why India wants to put an end to Amazon and Flipkart’s flash sales

Ananya Bhattacharya, 22 June 2021

Online retail giants in India may soon have to play by new rules when it comes to offering discounts.

“No e-commerce entity shall organise a flash sale of goods or services offered on its platform,” says the amended version of India’s Consumer Protection Rules, 2020, released on June 22. The consumer affairs department describes a flash sale as one that offers “significantly reduced prices, high discounts or any other such promotions or attractive offers for a predetermined period of time on selective goods and services or otherwise with an intent to draw large number of consumers.” Continue reading “Article: Why India wants to put an end to Amazon and Flipkart’s flash sales”

Article: ‘I regret any harm:’ Short seller compensates target in rare move

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‘I regret any harm:’ Short seller compensates target in rare move

Lawrence Delevingne, 22 June 2021

BOSTON, June 21 (Reuters) – A small Texas investor who caused shares of a real estate investment trust to plunge 39 percent in a day has agreed to pay the company restitution to settle a lawsuit against him, a rare development that could embolden other companies to pursue such claims.

Quinton Mathews, who published his research on companies online under the pseudonym Rota Fortunae, will pay Farmland Partners Inc (FPI.N) “a multiple” of the profits on his short bet in 2018, according to the terms of the legal settlement announced late Sunday. His research had helped wipe as much as $115 million off Farmland’s market value. Continue reading “Article: ‘I regret any harm:’ Short seller compensates target in rare move”

Article: Cryptocurrency : Can Elon Musk Go To Jail For Manipulating Prices And Shilling Shitcoins?

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Cryptocurrency : Can Elon Musk Go To Jail For Manipulating Prices And Shilling Shitcoins?

Explica .co, 22 June 2021

Elon Musk’s tweets have been a bone of contention for a while now. Every time the billionaire tweeted about a coin, the price of that coin skyrockets. The Tesla CEO has been promoting coins affectionately referred to as “shitcoins” on Twitter.

Musk started with Doge in February when he tweeted Doge. Then followed by Doge is people’s crypto. This immediately caused the price of the coin to skyrocket when people started buying the coin. Elon would continue to do so with other altcoins. Continue reading “Article: Cryptocurrency : Can Elon Musk Go To Jail For Manipulating Prices And Shilling Shitcoins?”

Article: Meet The Man Behind The World’s Most Exciting Oil Play

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Meet The Man Behind The World’s Most Exciting Oil Play

Editor OilPrice.com, 22 June 2021

This is the story about an oil play that so far has lived up to its promise… Namibia is the setting… And a little-known Canadian explorer is the protagonist.

It was the speculative investment of 2020… But now we think it’s being de-risked following two successful drill results… And its stock price has been flying as a result. Continue reading “Article: Meet The Man Behind The World’s Most Exciting Oil Play”

Article: Germany’s BaFin looking into possible insider trading of CureVac shares

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Germany’s BaFin looking into possible insider trading of CureVac shares

Reuters, 21 June 2021

BERLIN, June 21 (Reuters) – German financial watchdog BaFin is investigating possible insider trading of vaccine maker’s CureVac (5CV.DE) shares, which fell after the biotech firm announced its COVID-19 vaccine proved only 47% effective, Rheinische Post newspaper reported on Monday.

BaFin will investigate whether employees at CureVac or Bayer could have used their insider knowledge of the vaccine study results and sold shares in good time, the newspaper added. Continue reading “Article: Germany’s BaFin looking into possible insider trading of CureVac shares”

Article: The Lazarus heist: How North Korea almost pulled off a billion-dollar hack

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The Lazarus heist: How North Korea almost pulled off a billion-dollar hack

BBC, 21 June 2021

It all started with a malfunctioning printer. It’s just part of modern life, and so when it happened to staff at Bangladesh Bank they thought the same thing most of us do: another day, another tech headache. It didn’t seem like a big deal.

But this wasn’t just any printer, and it wasn’t just any bank.

Bangladesh Bank is the country’s central bank, responsible for overseeing the precious currency reserves of a country where millions live in poverty. Continue reading “Article: The Lazarus heist: How North Korea almost pulled off a billion-dollar hack”

Article: Deutsche Bank Jumps Back Into Payments With Fiserv Deal

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Deutsche Bank Jumps Back Into Payments With Fiserv Deal

Patricia Kowsmann, 21 June 2021

Deutsche Bank AG wants to get back into the suddenly valuable business of digital payments, nearly a decade after getting out of it.

Germany’s largest lender is setting up a joint venture with U.S. payments giant Fiserv Inc. to offer customers payments-processing services. The joint venture will allow Deutsche Bank’s business clients to accept payments from customers, both in person and digitally, through Fiserv’s platform called Clover, which reads credit cards, debit cards and mobile wallets, and records orders and inventory. Continue reading “Article: Deutsche Bank Jumps Back Into Payments With Fiserv Deal”

Article: Hong Kong police break up triad-run gambling syndicate that took in billions in bets this year

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Hong Kong police break up triad-run gambling syndicate that took in billions in bets this year

Clifford Lo, 21 June 2021

A triad-controlled Hong Kong bookmaking syndicate that took in more than HK$3.4 billion (US$438 million) in illegal bets on horse racing and football matches in the first four months of this year was broken up in a series of raids on Sunday.

Police on Monday revealed 18 people were arrested in the raids, which a force insider said had netted what he believed to be the largest amount of illegal betting records seized in a single operation in a decade. Continue reading “Article: Hong Kong police break up triad-run gambling syndicate that took in billions in bets this year”

Article: Amount of money lost by victims of romance scams jumps 140 per cent in first four months, Hong Kong police say

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Amount of money lost by victims of romance scams jumps 140 per cent in first four months, Hong Kong police say

Clifford Lo, 21 June 2021

The amount of money that victims of romance scams lost to criminals jumped 140 per cent in the first four months of the year and reached HK$196 million (US$25.24 million), Hong Kong police revealed on Monday.

Authorities warned the public to remain cautious when seeking out new partners on the internet, noting more people were falling for the deceptions. The force said 517 people succumbed to the ploys between January and April, compared with 267 during the same four months in 2020 – an increase of 93 per cent. Continue reading “Article: Amount of money lost by victims of romance scams jumps 140 per cent in first four months, Hong Kong police say”

Article: How the European Union Could Soon Force America into the ‘Great Reset’ Trap

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How the European Union Could Soon Force America into the ‘Great Reset’ Trap

Justin Haskins, 21 June 2021

In June 2020, the World Economic Forum — working alongside officials from large corporations, banks, financial institutions and activist groups — launched a far-reaching initiative that aims to push the “reset” button on the global economy. They ominously called it the “Great Reset,” and since its creation, it has received a massive amount of support from leaders of the ruling class, both here in the United States and around the world.

The Great Reset has two primary components. The first is an expansion of government programs, taxes and regulations, which together affect virtually every industry in the world, from oil and gas to health care and technology. Continue reading “Article: How the European Union Could Soon Force America into the ‘Great Reset’ Trap”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?