With the aim of increasing competition from new fintech firms in the financial system, where the "Big Four" high street banks have long dominated, the Bank of England has widened access to Britain's interbank payments system with the country.   With the undeniable fact, supported by many...

In a figure that is at par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday that a major, global cyber attack could trigger an average of $53 billion of economic losses.   The hypothetical situation of cyber attacks on...

As Philippine President Rodrigo Duterte considers resuming energy exploration in the tension-laden South China Sea, Manila appears to be testing its relationship with Beijing.   Located in the international waterway, the oil and gas drilling in the Reed Bank has been suspended since 2014....

In what is one of the largest Chinese real estate deals ever made, Sunac, a Chinese property developer is buying a bunch of its theme parks and hotels from major Chinese conglomerate Dalian Wanda for $9.3 billion.   And the interesting part is that in order to close the deal, Wanda is...

Even though the U.S. carrier is ending their code-share agreement, Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc.   As "an extension of our stance against the illegal subsidies that these carriers receive from their governments", it was cancelling...

Expansion of Qatar National Bank’s presence in Asia helps the lender to negate influence of the campaign conducted by Arab states to isolate Qatar, the bank's head stated. QNB’s shares have risen against this backdrop. The largest Middle Eastern bank in terms of assets intends to reduce share of...

Amid concerns the cyber security firm's products could be used by the Kremlin to gain entry into U.S. networks, Moscow-based Kaspersky Lab was removed from two lists of approved vendors used by government agencies to purchase technology equipment by the Trump administration on Tuesday.  ...

In order to show their protest against the U.S. telecoms regulator's plan to roll back net neutrality rules, an online protest on Wednesday was conducted by more than 80,000 websites that included tech giants such as Facebook, Amazon and Google.   Already in place in the U.S., is a...

Wanda Group, one of the largest Chinese buyers of foreign assets, announced sale of hotels and tourist facilities to a competitor company. The deal is the largest in the Chinese real estate market’s history. Chinese company Dalian Wanda Group reached an agreement on the sale of 76 hotels for 63.2...