Crypto News 

Korona: Hungary’s Very Own Cryptocurrency

“According to head of technology development Attila Bustya, an e-commerce website will be launched, hosting those websites which normally do not accept cryptocurrency payments” reports newsbtc.com. Korona’s ICO is scheduled for March 26th, and the token will be immediately available for payments and transfers. Source: newsbtc.com Share This:

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News 

BT puts cable-making business on the block

“BT has put its cable-making arm up for sale in a sign of efforts to simplify and focus its business following a string of disasters” writes Matthew Lynn for telegraph.co.uk. BT Cables also supplies connections used in the rail network for signalling, as well as customers around the world.It is understood that the investment bank Greenhill is handling a sale of BT Cables, a Manchester-based unit within BT Wholesale which supplies the company’s network subsidiary Openreach with fibre-optic and copper cables. Source: telegraph.co.uk Share This:

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News 

Singapore Budget 2018: You may have to pay a higher levy for your maid from April 2019

“Such employers who choose to employ a second maid without a levy concession will have to pay more too” writes Jonathan Loh for businessinsider.sg. Maid employers who are not eligible for foreign domestic worker levy concessions will have to pay a monthly levy of S$300 ($228), up from the current S$265, for their first maid employed from April next year.The criteria allows for roughly 80% of maid employers to take advantage of the concession.In his Budget speech on Monday (Feb 19), Minister for Finance Heng Swee Keat said that maid…

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News 

Wirecard, Banca Afirme Help Corporates Shift From Checks To Cards

“An announcement Friday (Feb. 16) said the bank will release its Afirme E-fectiva commercial card for corporates and business entities” reports pymnts.com. We are delighted to shape this trend together with Afirme and to launch the first corporate debit card.The business debit card can be used by cardholders to make payments or withdraw company cash from ATMs; Banca Afirme said this will help businesses reduce their reliance on paper checks. Source: pymnts.com Share This:

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Chanel pairs up with Temasek-backed Farfetch for digital push in stores

“Luxury goods companies worldwide are trying to expand their digital services to court younger or more tech-savvy clients” reports businessinsider.sg. The firm has also invested in developing digital functions for stores, which can be adapted to suit its partners.French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label’s clients with store assistants.It sells cosmetics, eyeglasses and perfumes online, but says releasing other items on the…

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Markets News 

There’s a ‘yellow light flashing’ in the economy — and it poses a threat to the stock market

“Global financial markets appear to have stabilized as investors focus more keenly on economic growth than the prospects for tighter monetary policy from central banks” writes Pedro Nicolaci Da for businessinsider.com. Erik Nielsen, chief global economist at UniCredit, Italy’s largest bank, tells Business Insider he’s closely watching “two question marks on the US economy.”. “Maybe the US economy is in more trouble than people appreciate,” Nielsen told Business Insider.That means many US consumers are financially strapped despite talk of incipient wage growth and a strong economy. Source: businessinsider.com Share This:

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Crypto News 

Ex-JPMorgan trader turned bitcoin fund manager: ‘There’s trench warfare going on between analogue and digital financial services’

“Danny Masters told Business Insider: “There’s something of a trench warfare going on between what I call analogue financial services companies and digital financial services companies” writes Oscar Williams-grut for businessinsider.com. “The analogue financial services companies are not in this game at all.”The problem with the analogue financial world is it’s become hamstrung and mired in a billion regulations,” he said.LONDON — A former high-flying trader who has embraced the world of cryptocurrencies says there is a “trench warfare” going on between traditional financial services and digital upstarts.Masters believes that…

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News 

Uber Is Reportedly Planning to Sell Its Southeast Asia Branch to Competitor Grab

“Uber is preparing to hand over its Southeast Asia business to the Singaporean ridesharing company Grab, according to a report by CNBC. Uber would get Grab equity in the deal, if and when it goes through” writes David Z for fortune.com. As Fortune’s Adam Lashinsky chronicled in his 2017 book on the company, Uber once sought global domination.Rajeev Misra, who joined Uber’s board as part of the SoftBank deal, has argued that Uber should focus primarily on the U.S. and Europe. Source: fortune.com Share This:

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ISS urges Johnson to check out of Elegant Hotels board

“Mr Johnson is the chairman and part owner of Patisserie Holdings, the company behind bakery chain Patisserie Valerie” writes Andy Critchlow for telegraph.co.uk. Investors in Elegant Hotels have been advised to tell the serial entrepreneur Luke Johnson to pack his bags over concerns his sprawling business interests mean he cannot be effective on the board of the Caribbean chain.ISS warned that Mr Johnson’s busy schedule “raises questions about his ability to devote sufficient time to his role at Elegant Hotels”, which is the largest hotel business in Barbados with six…

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