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Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another $24.7M
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Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another $24.7M

In South Korea, there are about 7.3 million small and medium-sized enterprises (SMEs) — defined as firms with less than 250 employees. Their workforces combined make up 83.1% of all corporation employees in the country, totaling about 17.1 million people, according to OECD data. To help meet SMEs’ financial needs in the country, Seoul-based fintech...

New Zealand’s central bank raises rates by 50bp, considered 75bp By Reuters
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New Zealand’s central bank raises rates by 50bp, considered 75bp By Reuters

© Reuters. FILE PHOTO: Two people walk towards the entrance of the Reserve Bank of New Zealand located in the New Zealand capital city of Wellington, March 22, 2016. REUTERS/Rebecca Howard By Wayne Cole SYDNEY (Reuters) – New Zealand’s central bank on Wednesday lifted interest rates to a seven-year high and promised more pain to...

Activision Blizzard illegally withheld raises from unionizing workers, labor board finds
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Activision Blizzard illegally withheld raises from unionizing workers, labor board finds

Gaming giant Activision Blizzard unlawfully retaliated against workers at Raven Software who formed a union, the National Labor Relations Board found. The quality assurance (QA) department at subsidiary Raven Software, who mostly work on “Call of Duty,” announced that they would form a union in January. Activision Blizzard sought to block the union, reasoning that...

Spain’s Economy Minister raises 2022 GDP growth target to 4.4% By Reuters
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Spain’s Economy Minister raises 2022 GDP growth target to 4.4% By Reuters

© Reuters. FILE PHOTO: Spanish Economy Minister Nadia Calvino arrives at a Eurozone finance ministers meeting in Brussels, Belgium March 14, 2022. REUTERS/Yves Herman/File Photo MADRID (Reuters) -Spain’s Economy Minister Nadia Calvino on Monday raised the government’s gross domestic product growth outlook for 2022 to 4.4%, from a previous expectation of 4.3%. “In line with...

Loop raises $60M to send EV charging infrastructure for a Loop
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Loop raises $60M to send EV charging infrastructure for a Loop

Electric cars are great and all, but internal combustion engines (ICE) have one thing going for them: comprehensive, well-oiled infrastructure that means you can add 300 miles of range to your car, in 5 minutes, at any of 65,000 or so gas stations. Compare that with the one-hour stop at only about 6,000 high-speed charging...

Kenyan Central Bank Raises Key Rate by 75 Basis Points – Emerging Markets Bitcoin News
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Kenyan Central Bank Raises Key Rate by 75 Basis Points – Emerging Markets Bitcoin News

The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. Growing Inflationary Pressures Following its...

India’s Central Bank raises repurchase rate by 50 basis points
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India’s Central Bank raises repurchase rate by 50 basis points

Fri 30-09-2022 22:17 PM New Delhi, 30th September 2022 (WAM) — India’s Central Bank, the Reserve Bank of India (RBI), today raised its repurchase rate by 50 basis points, which will impact the economy and investors in diverse ways. The repurchase rate, commonly known as “repo” rate is a technical banking term, which refers to...