• Mon. Dec 5th ,2022


Spotify sees low Q3 profit margins amid sluggish ad growth, falls 4%

Music streaming giant Spotify Technology SA announced that its profit margins for this year’s third quarter declined due to slow advertising growth, fueling concerns about the impact of a weak global economy on digital advertising. Following the announcement, shares of Spotify fell 4% durin

Euro digital bank N26 set to launch crypto trading service in Austria

German neobank, N26, has reportedly announced that it will be launching a crypto trading service called N26 Crypto in Europe. As per reports, the digital bank has selected Austria to be the first market where the service will be launched. Supposedly, the service will be made available to the bank

Amazon takes cautious first steps into online home insurance in the UK

American e-commerce and technology behemoth, Amazon Inc, has reportedly taken its first cautious steps into the field of insurance in the UK by launching a small online insurance store, with a focus on home policies. As of now, the Amazon Insurance Store has only three insurers on board, with pla

Singapore-based crypto platform Pillow secures $18 million in Series A

Singapore-based crypto investment startup, Pillow, has reportedly raised $18 million in a Series A funding round, led by venture capital firms Accel and Quona Capital. Pillow’s app has a presence in more than 60 countries with over 75,000 users and supports major digital assets such as Bitc

NETSOL partners with AWS to strengthen its cloud services domain

California-based software company, NETSOL Technologies, Inc. has reportedly partnered with cloud computing platform Amazon Web Services (AWS) to extend its services in the cloud computing domain and offer cloud-based transformation solutions at scale. The business model of NETSOL has been built a

Aruba Networks launches Cloud instance for enterprises in UAE

California-based, Aruba Networks, has reportedly announced the launch of its Enterprise Cloud instance in the United Arab Emirates. The novel deployment comes as a response to the rising demand for cloud-based networking from enterprises in the country as they increasingly seek to attain efficiency,

Zetrix & MIMOS ink MoU to create blockchain infrastructure in Malaysia

Malaysia-based layer-1 blockchain structure, Zetrix, has reportedly signed a memorandum of understanding (MOU) with the commercial arm of MIMOS Berhad, MIMOS Technology Solutions (MTSSB), for the development and operation of Malaysia Blockchain Infrastructure (MBI). MBI will serve as the national

Australia: Optus allowed to send customer identification data to banks

Banks and government agencies in Australia will reportedly be receiving identification data of customers who were impacted by the breach at Sydney-based telecom firm, Optus, last month. The information would be released as part of efforts aimed at putting more checks in place to protect those who ha

Hong Kong: 2nd round of $1.3M cash subsidy scheme opens for applicants

The government of Hong Kong has reportedly started accepting applications for the second round of its $1.3 million cash-subsidy program as it brought its hotel quarantine requirements for travelers to an end last week. As per reports, the moves comes as the region expects to attract more fintech