July 11, 2023
Freightos Reduces Headcount by 13% in Operational Efficiency Plan
Freightos is reducing its headcount by 13%, or about 50 employees, as part of its plan to cut costs and boost efficiency. This operational efficiency plan is designed to enable the...
July 10, 2023
Cash-Strapped Healthcare Providers Turn to Tech to Cut Costs, Not...
COVID-19’s impact on the medical industry cannot be overstated. High stress and rampant mortality during the pandemic’s peak drove widespread professional turnover and supply chain issues ripped a hole in...
July 10, 2023
Canadian Newspaper Giants Fail To Reach Agreement On Merger
Postmedia Network Canada and Toronto Star owner Nordstar Capital recently ended merger discussions after failing to reach an agreement. The transaction involved various Canadian news properties and had been initiated...
July 10, 2023
Fed Vice Chair: Banks Need ‘Humility and Skepticism’ and Tougher...
Banks both big and small will face tougher rules following this year’s banking crisis. That was the message from Michael Barr, the Federal Reserve’s vice chairman for supervision, in a speech Monday (July...
July 10, 2023
SVB Financial Sues To Recover $1.9 Billion From FDIC
Silicon Valley Bank’s parent company says America’s banking watchdog owes it $1.9 billion. To that end, SVB Financial filed suit Sunday (July 9) against the Federal Deposit Insurance Corporation (FDIC) to recover...
July 10, 2023
China’s IPO Applications Plunge in First Half of 2023
So far, 2023 has not been a good year for the Chinese IPO (initial public offering) market. As Reuters reported Monday (July 10), IPO applications in that country dropped by a third...
July 10, 2023
SVB Financial Sues to Recover $1.9 Billion From FDIC
Silicon Valley Bank’s parent company says America’s banking watchdog owes it $1.9 billion. To that end, SVB Financial filed suit Sunday (July 9) against the Federal Deposit Insurance Corporation (FDIC)...
July 10, 2023
Big Banks’ Loan Losses Spike as Credit Card Charge-Offs Rise
America’s big banks are due to report their largest increase in loan losses since the pandemic. As the Financial Times reported Monday (July 10), analysts project the six largest banks...
July 10, 2023
B2B Platforms Need to Think Globally, Act Locally to Drive...
As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be a priority right from the...