On October 29, 2024, Hong Leong Bank (HLB) kicked off its journey into greener finance with the launch of its Sustainable Finance Framework (SFF). This initiative aims to invest a whopping US$4. 5 billion (RM20 billion) over five years to support projects that promote sustainability. The bank has be
Imagine you're walking down the streets of Chicago and you see a group of people holding up giant blown-up checks. These aren't just any checks, but ones showing huge investments from billionaires in the upcoming school board elections. That's right, billionaires from outside Illinois are pouring mo
Britain's new Labour government is set to increase taxes on 'sin' items like alcohol, cigarettes, and gambling in its upcoming budget. This move is expected to bring in billions of pounds. These industries are often targeted because they're unpopular and won't have many defenders. However, experts w
On September 23, UK Finance Minister Rachel Reeves spoke at the Labour Party Conference in Liverpool, hinting at the upcoming budget. This is Labour's first budget in 15 years, and it's causing a stir. Will there be tax hikes or spending cuts? Reeves hinted at a change in debt rules to free up funds
In a surprising turn of events, Arm, a leading British semiconductor company, has revoked Qualcomm's license to use its chip design standards. This action follows a long-standing legal dispute between the two tech giants. Arm's decision, reported by Bloomberg, impacts Qualcomm's ability to access th
In the financial world, big names like Morgan Stanley and Goldman Sachs are relying more on artificial intelligence (AI) to predict the stock market and give advice to clients. But do people really trust AI with their hard-earned money? Research shows it's not a simple yes or no answer. A study ask
Have you ever watched a TV show and thought, "That's not how it works"? Well, finance fans definitely had that feeling while watching HBO's "Industry". This show dives into the lives of Wall Street's young finance professionals, but viewers with a background in finance have spotted some big factual
Meet Perplexity Finance, an exciting new tool from the fast-growing AI company Perplexity AI. It’s all about simplifying stock market research for beginners. The platform offers a bunch of handy features like real-time stock prices, historical earnings data, and industry comparisons. But how does it
In a dramatic move, Israel decided to hit Hezbollah where it hurts: their wallets. The Israeli military carried out attacks on several bank branches across Lebanon, aiming to disrupt the finances of the Iran-backed militant group. This happened as U. S. Secretary of State Antony Blinken was on his w
You know how banks use AI to catch fraud? Well, Uncle Sam is doing the same thing! The US Treasury Department just used AI to catch $1 billion in check fraud alone last year. That's huge! And it's not just checks. They stopped over $4 billion in fraud overall. How? By using machine learning to dig t
