American online payment gateway giant PayPal may quit its business in India after the Financial Intelligence Unit of India (FIU) slapped the firm with a penalty of Rs 9.6 million for violating anti money laundering laws. FIU has accused PayPal of “concealing” suspect financial transactions and abetting “disintegration” of India’s
A new white paper by the IMF calls for linking your search history to your financial credit score, which would in effect lower your score if you visit websites marked harmful by their fact-checkers. COVID-19 Assassination: Top Russian Scientist Alexander ‘Sasha’ Kagansky Working On COVID-19 Vaccine Assassinated In St Petersberg
In a landmark move the US Govt has announced antitrust lawsuit against Facebook, ordering the social media platform to divest its Instagram and WhatsApp messaging services. In 2019, Facebook was fined $5 billion for privacy violations instituting new oversight and restrictions on its business. The landmark antitrust lawsuits, announced by
How foreign funds are the new East India Company that are colonising successful Indian startups.
Members Exchange (MEMX), a brand new stock exchange, has announced that it will begin live trading of select stocks for the first time on September 21 with a full phase-in on September 29. Criminal histories are, apparently, no barrier to running a stock exchange in the United States to the
When we reported that Bill Gates was caught offering a $10 Million bribe for forced vaccination in Nigeria, many of our readers were shocked in disbelief. Maybe our young readers are not aware that Bill Gates has a history of bribing to sabotage his rivals and to impose his policy
Amazon is one if the most successful companies in the world, but could this success be a result of stealing ideas from others and selling them in the market as its own? Amazon is being investigated for crushing Startups by investing in them to steal their proprietary information and business
An anonymous whistleblower, who claims to be part of the “senior management team at Deloitte, Haskins and Sells LLP (Deloitte)” and has been “privy to several internal irregularities in providing professional services to the IL&FS (Infrastructure Leasing & Financial Services) group” has written to us outlining how the audit firm
The UK audit regulator has outlined the plan to breakup the Big Four accounting firms in letters sent to the leaders of Deloitte, EY, KPMG and PwC. In what would amount to a far-reaching shake-up of the accounting industry, the Financial Reporting Council (FRC) issued guidelines for the big four
Walmart’s payment services provider PhonePe have suffered an outage after the Reserve Bank of India (RBI) on Thursday put Yes Bank under moratorium. Strangely, PhonePe, despite its big transactions is fully dependent on Yes Bank, as its payment gateway or payment services provider (PSP) and thus could not carry out