Revolut finance chief quits amid controversies BelfastTelegraph.co.uk Revolut has lost its finance chief in the latest blow to the digital challenger bank as it grapples with a string of controversies. https://www.belfasttelegraph.co.uk/business/uk-world/revolut-finance-chief-quits-amid-controversies-37868428.html https://www.belfasttelegraph.co.uk/business/uk-world/article37868426.ece/79e98/AUTOCROP/h342/bpanews_ef4a7b50-08e6-4841-99a6-a41ea0cce772_1 Email Revolut has lost its finance chief in the latest blow to the digital challenger bank as it grapples with a string of controversies. Weekly Business Digest Newsletter Peter O’Higgins left the company at the beginning of the year, the company confirmed on Friday, ending a near three-year stint as chief financial officer. It comes as Revolut faces accusations it broke banking rules after the lender switched off an automatic system that stops suspicious money transactions on its platform for three months last year. … [Read more...] about Revolut finance chief quits amid controversies
Retailers boss revolution
caption Shawn Layden is chairman of Sony Interactive Entertainment Worldwide Studios, which oversees the global development teams that make exclusive games for the PlayStation 4. source Karen Auby/PlayStation The Sony PlayStation 4 has been a monumental success over the last five years, selling more than 91 million consoles. The biggest driver of the PlayStation 4’s boom has been the steady cadence of exclusive games, many of which have been released to positive reviews and massive sales. Shawn Layden is the chairman of Sony Interactive Entertainment (SIE) Worldwide Studios, which oversees the 13 global studios that produce exclusive PlayStation 4 games, including Naughty Dog (“Uncharted,” “The Last of Us”), Guerrilla Games (“Horizon Zero Dawn”), and Santa Monica Studio (“God of War”). In an interview with Business Insider, Layden shared the secret sauce behind the PlayStation 4, and how he and his team … [Read more...] about ‘First, best, and must’: PlayStation boss Shawn Layden shares the secret recipe behind Sony’s global gaming empire
Mukesh Ambani, Asia’s richest man, is set to take on Amazon's Jeff Bezos in India as the billionaire magnate launches his own rival e-commerce venture in the world's second most populous country. Reliance Industries, the Mumbai-headquartered conglomerate owned by Mr Ambani, is drawing up plans to roll out its online shopping services to 1.2m retail businesses in western India as competition to grab a share of India’s fast-developing e-commerce industry intensifies. Mr Ambani, who controls a $43 billion fortune in petrochemicals, energy, telecoms and textiles, is planning a push into the e-commerce space by adopting new technologies such as augmented reality to create an “immersive shopping experience” and compete with the likes of Amazon and homegrown competitor Flipkart. The e-commerce plans from the businessman will involve the combination of his mobile network operator Jio, which has 280m subscribers, with his … [Read more...] about Asia’s richest man to take on Amazon boss Jeff Bezos in India’s booming e-commerce sector
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Larry Edelman Globe Staff November 28, 2018 Right now: US stocks are soaring after Jerome Powell, chairman of the Federal Reserve, said the US economy remained strong and suggested that the central bank was close to ending its series of interest rate hikes.In a speech in New York, Powell said rates were just below “neutral,” the level where they do not fuel growth or slow it down. That marked a change from October, when the Fed boss said rates were a “long way from neutral.” His remark last month spooked investors worried that Fed would tighten credit too much and choke off economic growth. Powell also angered President Trump, who has since criticized the Fed and Powell several times. Advertisement In a Washington Post interview on Tuesday, the president said he was “not even a little bit happy” with his choice to run the … [Read more...] about Did Trump just win his fight with the Fed?
The next generation to enter the workforce are pretty confident about their tech skills and aren't worried by the rise of artificial intelligence (AI) and automation -- at least not yet.Research by Dell Technologies looked into the attitudes of the so-called Generation Z--people born from the mid-1990s to the early 2000s and who are now entering the workplace-- in relation to tech and employment. Despite widespread concern across society about the impact of AI on jobs and society, nine out of ten of the young people interviewed said they believed we are entering a "new era of partnerships with machines" and just under half -- 45 percent -- said humans and machines will work together as an integrated team.And despite some pretty high-profile incidents where AI has been found to unconsciously perpetuate the existing biases in society, the survey suggests these young people have a pretty positive attitude towards the technology. Nearly three-quarters said they thought AI will create a … [Read more...] about Generation Z cheerfully welcomes our new robotic overlords