The recent shift in leadership within Thailand’s government has brought to light differing perspectives on economic policy, particularly in relation to the central bank’s independence. Prime Minister Paetongtarn Shinawatra has expressed concerns that central bank autonomy may hinder economic growth, a sentiment echoed by her predecessor, Srettha Thavisin. However, Bank of Thailand Governor Sethaput Suthiwartnarueput
Finance
After being elected as Prime Minister in a landslide victory, Keir Starmer is set to address the British public about the challenges that lie ahead. He emphasizes the need for gradual change and warns that things may worsen before they improve. This speech is seen as an opportunity for Starmer to be transparent and honest
Recently, it has come to light that Perplexity AI, an artificial intelligence startup, is planning to introduce advertisements on its search app in the upcoming quarter. Despite the company’s increasing popularity and success, it has faced accusations of plagiarizing content from various media outlets, raising concerns about its content acquisition practices. Let’s delve deeper into
The rise of online sports betting has had a detrimental impact on personal finances, especially among those who are already in a financially precarious situation. A recent study titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlighted the concerning trends that have emerged since the legalization of sports betting in 38 states following
State Street has joined forces with Swiss crypto company Taurus to introduce new digital asset services catering to the rising institutional demand for such investments. This move comes as cryptocurrencies continue to gain traction within the financial system, prompting institutions to explore options for hedging inflation and diversifying their portfolios. State Street, a leading provider
The recent appointment of Alan Taylor, an economics professor specializing in international economics and financial crises, to the Bank of England’s Monetary Policy Committee (MPC) has garnered attention in the financial sector. Taylor, a British-born professor currently at Columbia University in New York, brings a wealth of experience to his new role. Having worked as
Financial technology firm Klarna is making significant moves into the banking industry by introducing new products aimed at enhancing customer experiences and loyalty. The company’s CEO and founder, Sebastian Siemiatkowski, highlighted the importance of disrupting retail banking and promoting the use of Klarna for day-to-day spending. Klarna is rolling out two new products, “balance” and
In recent news, Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy protection. This move comes amidst a wave of fitness chains seeking bankruptcy post-pandemic, including well-known companies like New York Sports Club, 24 Hour Fitness, and Gold’s Gym. With over 100 centers spread across
In a recent development, Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have reportedly agreed to establish a $3 billion joint venture aimed at constructing a car manufacturing plant in India. The proposed venture is set to be primarily owned by Mahindra and is planned to be located in the state of Gujarat,
SoftBank Group, a tech investment giant based in Japan, is anticipated to report a modest profit for the first quarter. However, the focus is on whether the company will announce a major share buyback program amidst market turbulence and investor pressure. Investors have been urging SoftBank to consider a share buyback due to the significant
Meta, formerly known as Facebook, has been investing heavily in artificial intelligence (AI) with hopes of driving revenue growth in the future. The company’s CEO, Mark Zuckerberg, has been vocal about the positive impact AI has had on Meta’s performance in the digital advertising market. With the recent second-quarter earnings report showing better-than-expected results, it’s
Former President Donald Trump made headlines during his keynote speech at the Bitcoin Conference in Nashville by hinting at the possibility of establishing an official U.S. bitcoin strategic reserve. However, instead of committing to this revolutionary idea, he merely pledged to maintain the current level of bitcoin holdings acquired from seizing assets from financial criminals.
Donald Trump’s upcoming appearance at the biggest bitcoin conference of the year marks a stark shift from his previous stance on cryptocurrencies. Despite openly criticizing bitcoin during his time in the White House and expressing skepticism towards its legitimacy, Trump is now embracing the digital asset space. This change in position is reflective of the
India’s recently unveiled 2024-25 budget seems to be an attempt by the government to address the challenges posed by a weakened job market and rural distress, which were highlighted as key factors in the BJP’s recent election setback. The Finance Minister, Nirmala Sitharaman, has allocated a significant amount of funding towards job creation and rural