Karachi-based Tez Financial Services (Tez) has been fully acquired by ZoodPay, a Switzerland-based buy now pay later (BNPL) platform that has operations mainly in the Middle East and Central Asia. Tez’s valuation during the acquisition is confidential. Tez — backed by Planet N, Flourish Ventures (Omidyar Network), and Accion among others — was the first… Continue reading Switzerland’s ZoodPay enters Pakistan with acquisition of digital lender Tez
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Chinese regulators vow to keep property sector credit growth stable
China‘s financial regulators pledged to keep credit growth stable in the property sector and help homebuyers affected by COVID-19 outbreaks to defer their mortgage payments, the central bank said in a statement on Tuesday. Yuan loan growth tumbled in April as the pandemic jolted the economy and weakened credit demand, official data showed earlier this month. Household loans, including mortgages, contracted by 217 billion yuan ($32.6 billion), pointing… Continue reading Chinese regulators vow to keep property sector credit growth stable
Samsung to invest $356b over five years to push up growth in strategic sectors
Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector to make it as successful as its chip… Continue reading Samsung to invest $356b over five years to push up growth in strategic sectors
Weibo bans Trip.com co-founder who questioned China’s zero-COVID strategy
A leading entrepreneur in China who had questioned the wisdom of the country’s zero–COVID strategy was banned from posting on Weibo, with the social media platform accusing Trip.com co–founder James Liang of violating laws. Weibo, a platform similar to Twitter, did not specify which laws Liang had broken, and it was unclear when the ban took effect or what had triggered it. But on Tuesday, online users… Continue reading Weibo bans Trip.com co-founder who questioned China’s zero-COVID strategy
New Volkswagen Golf R 20 Years is most powerful production Golf
The new Volkswagen Golf R 20 Years is the most powerful version of the Golf ever put into production. As the name suggests, it has been built to celebrate 20 years of Volkswagen‘s R performance division, which first turned its hand to the fourth-generation Volkswagen Golf to create the 3.2-litre V6-engined, four-wheel-drive Golf R32 hot… Continue reading New Volkswagen Golf R 20 Years is most powerful production Golf
BMW M3 and BMW M4 gain limited Jahre Edition models
The BMW M3 and BMW M4 have gained special editions to celebrate 50 years of BMW M, the manufacturer’s performance division. The Jahre BMW M Edition models feature bespoke design features and “individually selectable equipment options”, so each driver can create a unique version of the car. Of the two cars, only the BMW M4 Jahre Edition… Continue reading BMW M3 and BMW M4 gain limited Jahre Edition models
Four-month-old Doppel is helping some of the biggest NFT projects spot scams
As NFTs have gained popularity, so, too, has NFT fraud. Copycats can quite easily upload images to an NFT marketplace, mint them and sell them to customers for profit without verifying that those images are their own intellectual property. The problem has become even more widespread as NFTs have popped up on chains like Solana,… Continue reading Four-month-old Doppel is helping some of the biggest NFT projects spot scams
How Ukraine’s wide use of cryptocurrency is playing out during the war
The terrible, unprovoked war in Ukraine has destabilized that country’s economy and banking system, leading both Ukrainian politicians and citizens to more seriously consider cryptocurrency. I’m pretty skeptical of crypto, but I want to come by that skepticism honestly, and I want to understand more about what was happening there, so I’ve invited Michael Chobanian… Continue reading How Ukraine’s wide use of cryptocurrency is playing out during the war
Harley-Davidson’s Serial 1 announces a limited-edition electric mountain bike
Serial 1, the e-bike company spun out of Harley-Davidson nearly two years ago, unveiled another premium model designed to make you open your wallet in helpless surrender. The Bash/Mtn is the company’s first electric mountain bike, and from the look of it, it can absolutely destroy an off-road trail. A rigid, single-speed eMTB (electric mountain… Continue reading Harley-Davidson’s Serial 1 announces a limited-edition electric mountain bike
German exporters cautiously optimistic in May despite supply issues
Representative Image BERLIN – The mood among German exporters brightened in May despite supply chain problems looming over industry, according to a survey released on Tuesday. The Ifo institute said its export expectations index rose to 4.5 points after a reading of 3.0 in April – but added in a statement that German manufacturers remained… Continue reading German exporters cautiously optimistic in May despite supply issues