News 

Delta’s CEO explains why airline computers fail and how tech will change flying

“Instead, he wants technology to help his airline better understand and interact with its customers” writes Benjamin Zhang for businessinsider.com. Over the past year and a half, Bastian has worked to maintain Delta’s profitability while investing heavily in new aircraft and technology.Some airlines see technology as a potential money maker by turning their planes into flying e-commerce platforms with hundreds of captive customers.According to Bastian, one of the major issues behind these outages is the archaic technology platforms that power the airline industry. Source: businessinsider.com Share This:

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Power outage fails to dim holiday cheer at Muskegon Heights Christmas party

“MUSKEGON HEIGHTS, MI – A citywide power outage in Muskegon Heights was no match for the holiday cheer generated on Saturday, Dec. 16, at the city’s annual Chief Clifton Johnson Christmas Party” writes Ben Solis for mlive.com. The party is funded by money, food and supplies donated from local businesses and philanthropists across Muskegon County, said former city councilman Willie Watson. Source: mlive.com Share This:

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A mobile banking service is transforming how the poor transfer money — here’s how it works

“In 11 countries around the world, some 30 million people use a mobile money service that is transforming how people handle their finances” writes Chris Weller for businessinsider.com. “Pesa” is Swahili for money.The Kenyan service provider Safaricom launched M-Pesa in the East African nation 10 years ago, and since then it’s enabled countless people to move small amounts of their own money and send it to others. Source: businessinsider.com Share This:

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Crypto News Platforms 

EU agrees on rules to prevent money laundering and terrorism financing using cryptocurrencies by banning anonymous pre-paid card transactions on platforms, more

“BRUSSELS (Reuters) – European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement” writes Min Read for reuters.com. The agreement is part of a broader set of measures to tackle financial crimes and tax evasion. The increased public scrutiny is considered essential by the EU commission and also by rights groups, to prevent financial crimes and tax evasion. Source: reuters.com Share This:

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