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UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
January 26th, 2024
KEY POINTS Data from industry body Innovate Finance shows that global investment in fintechs sank to $51.2 billion in 2023, down 48% from 2022. Despite that, the UAE saw total investment soar 92%, thanks in part to more fintech-friendly ...
Tourism: €572 billion gross value added in the EU. The countries with the highest shares of tourism
April 21st, 2023
In 2019, the last year before the COVID-19 pandemic heavily hit the tourism sector, the gross value added directly generated by tourism amounted to an estimated €572 billion, or 5% of the total gross value added in the EU ...
How much money does your government allocate for R&D?
September 17th, 2021
In 2020, the total government budget allocations for R&D (GBARD) across the EU stood at €100 786 million, equivalent to 0.8% of GDP. This information comes from data on government budget allocations for R&D published by Eurostat. In 2020, ...
Beware over Covid-19 business email fraud
August 27th, 2021
Europol, the European Union’s law enforcement agency, has recently published a media release to inform that a sophisticated fraud scheme using compromised emails and advance-payment fraud has been uncovered by authorities in Romania, the Netherlands and Ireland as part ...
Cryptocurrency prices today: Bitcoin, ether, dogecoin slip; Cardano gains
August 4th, 2021
In cryptocurrencies, Bitcoin prices today continued to trade below the $40,000 mark as the world’s largest cryptocurrency by market capitalization declined over 2% to $38,107, as per CoinDesk. The decline in price puts Bitcoin back in the top end ...
VAT rules for European ecommerce
August 4th, 2021
Whether your business is located within the European Union or outside, if you’re shipping to customers in European countries, you will have to pay value-added tax (VAT). On this page we’ll list the current VAT rules for EU cross-border ...
ESMA imposed a fine for EMIR Data breaches
July 13th, 2021
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has fined DTCC Derivatives Repository Plc (DDRL) a total of €408,000 for seven infringements of the European Market Infrastructure Regulation (EMIR) regarding data confidentiality, data integrity, and ...
Survey: Four in five consumers globally would use a biometric payment card
July 13th, 2021
More than four fifths of consumers (81%) worldwide are ready to use a biometric payment card and authenticate payments with their fingerprint rather than a PIN code, according to a survey commissioned by a biometric technology provider. The survey ...
Banking faces seismic changes
July 13th, 2021
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue. The ...
Inflation, asset and consumer prices
June 25th, 2021
“The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial assets collapses. Either it raises interest rates or the dollar collapses.” There has been occasional speculation ...
