Saudi Arabia’s Finance Minister Mohammed Al-Jadaan said that Saudi Arabia may soon invest in Iran after a breakthrough agreement between the two nations for reestablishing diplomatic ties. Al-Jadaan said, “When people really stick to the principles of what was agreed, I think that investments into Iran and vice-versa could start very quickly. Our aim and…
The Federal Reserve of the USA is all set to launch a digital payments system in July this year. Federal Reserve promises that the digital payment system will help accelerate the way money moves around the globe. Richmond Fed President Tom Barkin, who is the program’s executive sponsor, said, “FedNow, as it will be known,…
GitLab shares declined as much as 38% after the provider of source code management software issued a full-year revenue forecast for GitLab that fell short of anticipations. GitLab lost 3 cents per share in comparison to the expected loss of 14 cents per share by analysts, as per Refinitiv. The revenue of GitLab stands at $122.9 million…
HSBC announced a deal to buy the U.K. arm of collapsed US tech startup lender Silicon Valley Bank. HSBC agreed to buy the SVB U.K. for £1. The transaction excludes the assets and liabilities of SVB U.K.’s parent company. HSBC Group CEO Noel Quinn, “The acquisition strengthens our commercial banking franchise and enhances our ability to…
