Central Bank (CB) Governor Nandalal Weerasinghe of Sri Lanka announced during a press conference plans to boost the bank business revival units established during the COVID-19 pandemic to support small and medium enterprises (SMEs) with bad loans. The units will now operate
Meta’s oversight panel has called for updates to the company’s policies on non-consensual deepfake images, stating the current wording is “not sufficiently clear.” This decision follows the panel’s review of cases involving AI-generated explicit depictions of two famous women. In one case,
Ticketmaster is expanding its footprint in Africa through the acquisition of Quicket, a key player in the region’s event and festival ticketing market. Quicket, established in South Africa in 2011, has grown its operations to several African countries including Nigeria, Uganda, Kenya,
The US Department of Transportation has opened an investigation into Delta Airlines following a global IT outage that led to the cancellation of more than 5,000 flights since last Friday. Transportation Secretary Pete Buttigieg emphasized that Delta must comply with legal requirements
India’s private sector activity grew at its fastest pace in three months in July, driven by strong rises in new business and output, according to flash survey data from S&P Global. The flash HSBC composite output index increased to 61.4 in July
Spotify achieved 246 million paying subscribers in Q2 2024, marking a 12% increase year-over-year and surpassing its guidance by 1 million. The growth led to a 14% rise in Spotify’s shares during pre-market trading on Tuesday. In June, Spotify introduced a new
For the first time, the number of female entrepreneurs in Scotland has matched the number of male entrepreneurs. The Global Entrepreneurship Monitor (GEM) report, compiled by the universities of Edinburgh, Glasgow, and Strathclyde, reveals that 8.6% of working-age women in Scotland were
A global IT outage caused by a configuration error in CrowdStrike’s Falcon platform disrupted multiple industries, including airlines, medical facilities, and emergency services. The issue, which resulted in system crashes and the infamous “Blue Screens of Death” on Microsoft computers, was resolved
UK wage growth is slowing, rising at its slowest rate in nearly two years as the job market cools. In the three months to May, wages grew by 5.7% annually, according to the Office for National Statistics (ONS). Despite the slowdown, wage
U.S. small-business confidence reached a six-month high in June, according to the National Federation of Independent Business (NFIB). The Small Business Optimism Index increased by 1 point to 91.5, marking its highest level since December 2022. However, this is the 30th consecutive
Paytm has received approval from a government panel overseeing investments linked to China to invest 500 million rupees ($6 million) in its crucial subsidiary, Paytm Payment Services. This decision, which still requires vetting by the finance ministry, removes a major obstacle for
