Turkey could significantly boost its foreign direct investment (FDI) inflows if it aligns its risk indicators and regulatory framework with those of its competitors, according to YASED's FDI Competitiveness Index. YASED's projections suggest that such alignment could place Turkey among the top 10. According to YASED's FDI Competitiveness Index, Turkey...

Leading executives from JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and PNC Financial Services express varied views on the economy, highlighting both potential risks and areas of growth. Jamie Dimon, CEO of JPMorgan Chase, urges caution due to hidden economic risks, with the bank's CFO noting that loan demand...

Generative AI's implementation, opportunities, and challenges in the financial services industry are increasingly significant topics. As technology advances and interest grows, staying ahead in AI adoption is crucial. IBM, a leader in technology and consulting, shared insights on generative AI with FinTech Magazine, covering strategic priorities, regulatory compliance, and talent...

In 2023, Google and Microsoft each consumed 24 TWh of electricity, surpassing the consumption levels of over 100 countries, according to new research. Analysis by Michael Thomas shared on X, indicates that both tech giants used the same amount of energy as Azerbaijan, which has a GDP of $78.7 billion....

According to the UN's World Population Prospects 2024 report, Africa is set to witness extraordinary population growth in the coming decades, with the top ten fastest-growing countries all situated on the continent. Niger is projected to lead with a population increase of 581%, followed by Angola at 473% and Tanzania...

Recent Federal Reserve data reveals that a net worth of at least $3,795,000 places you in the top 5% of U.S. households. While this figure is impressive, it pales in comparison to the wealth held by the ultra-affluent. Wealth Breakdown Top 1% Echelon: To join the top 1%, a net...

HSBC announced on Wednesday that Georges Elhedery will assume the role of group CEO starting September 2. Elhedery, currently the Chief Financial Officer, will replace outgoing head Noel Quinn. HSBC has not yet announced a successor for Elhedery as CFO. During the transition, Quinn will work closely with Elhedery to...

A new study by PwC indicates that advertising will become increasingly crucial for streaming platforms like Disney, Netflix, Warner Bros. Discovery, and Amazon. According to PwC's Global Entertainment & Media Outlook 2024-2028, advertising is projected to account for almost 28% of streaming service revenue by 2028, up from 20% in...

As today’s small businesses continue to juggle rising interest rates, inflationary pressure, and overall economic uncertainty, FundKite, a leading small business lender, has launched a new division aimed at better meeting the needs of today’s small businesses. The company’s new Merchant Services Division provides small businesses with a comprehensive suite...