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Exclusive-Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao
Date: February 17, 2023
By Angus Berwick and Tom Wilson (Reuters) – Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three...

Data breaches in the financial sector
Date: September 28, 2022
By Phil Robinson, Principal Consultant and Founder at Prism Infosec The financial sector continues to suffer from a high rate of data breaches. The latest figures from the ICO’s Data Security Incident Trends report reveal the sector has the third highest rates in the country, with over 2,874 incidents reported during Q4 2021/22. The vast majority...

JPMorgan readies overseas retail expansion with German hiring spree
Date: September 5, 2022
By Marta Orosz and Tom Sims FRANKFURT (Reuters) – JPMorgan plans to hire a team of retail bankers in Germany as the biggest U.S. lender prepares to expand its international consumer business in pursuit of steadier revenue streams. In its first such foray outside the United States, JPMorgan entered the British market with a digital-only...

Airbnb obliged to provide information to tax authorities, EU court adviser says
Date: July 7, 2022
By Foo Yun Chee BRUSSELS (Reuters) -Short-term accommodation services company Airbnb is obliged to provide information in rental contracts to tax authorities, an adviser to Europe’s top court said on Thursday, in another potential legal setback in Europe for the company. Airbnb has in recent years found itself at loggerheads with authorities in several European...

The Truth About AIs Impact on Jobs in the UAE
Date: August 9, 2018
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