Banks are diving into AI, and it's a big deal. For the third year, it's the hottest trend in finance. But it's not all smooth sailing. AI brings both benefits and risks. On one hand, it boosts efficiency and improves customer service. On the other, it opens doors to fraud, deepfakes, and voice cloni
Banks in the euro area might struggle to get money from markets, especially in dollars and other foreign currencies, if global tensions keep rising. This warning came from the European Systemic Risk Board (ESRB) on a Thursday. Recently, things got tense between Europe and the U. S. over President T
Hong Kong is making waves in the digital money world. The city's finance chief, Paul Chan, recently talked about their plan at a big meeting in Davos. He said that mixing money and tech is cool, but rules are needed to keep things safe. Chan explained that digital money should help the real world,
Banks are in a tough spot right now. President Trump has suggested capping credit card interest rates at 10% for a year. This idea has caused quite a stir in the finance world. Banks are trying to figure out what to do next. The problem is, there's no clear plan on how this cap would work. The Whit
Hong Kong's political scene has seen a huge shift. The Democratic Party, a key player in the city's pro-democracy movement for over 30 years, has decided to close down. This decision comes after a lot of thought and discussion among its members. Almost everyone agreed it was the best choice. The pa
Bank of America is now telling its rich clients to put some money into Bitcoin. They say it's okay to put 1% to 4% of their money into Bitcoin. This is a big deal because Bank of America is one of the biggest banks in the US. They will let their clients buy Bitcoin through special funds starting Ja
Hong Kong's recent fire tragedy has put a spotlight on the often overlooked heroes of the city: migrant domestic workers. These women, primarily from the Philippines and Indonesia, are the unseen backbone of many households. They cook, clean, and care for families, yet their stories are rarely told.
Hong Kong is wrapping up its search and rescue efforts after a devastating fire ripped through a large apartment building. This tragic event has left at least 94 people dead and many more missing. The fire, which started on Friday, destroyed the Wang Fuk Court housing complex in Tai Po, a district i
Banks are finally stepping up their tech game. For years, they lagged behind other industries, especially retail, when it came to adopting new technology. But now, with the help of something called agentic AI, banks are keeping pace with the latest innovations. This shift is huge. Just a few years
Hong Kong is gearing up for an exciting cricket event, the Sixes 2025, happening from November 7 to 9. This isn't just any cricket tournament; it's a fast-paced, high-energy showdown with twelve teams battling it out. But what really makes this event special is the group of presenters who will be br
