NASA map shows devastation caused by Beirut explosion

This map of the damage of a massive explosion in Beirut, Lebanon on August 4, 2020 was created by NASA … [+] The Advanced Radpid Imaging and Analysis team and the Singapore Earth Observatory. The most serious damage is dark red. NASA / JPL-Caltech / Earth Observatory of Singapore / …

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Fintechs create momentum for huge growth in sub-Saharan Africa

Through Varun Mittal, global leader in emerging markets FinTech, EY The fintech (financial technology) landscape of Sub-Saharan Africa (SSA) has grown rapidly over the past decade, which has had a significant impact on the entire financial services industry. With the combination of the enabling environment and regulatory support from governments …

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Banks need to think outside the app

Bankers understand they need sleek mobile apps to compete in the digital age, but the battle for new customers will be fought elsewhere on a customer’s phone for years to come. In countries where mobile payments have taken off faster than in the United States, the big banks have established …

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Treasury Department finalizes deferred interest rules

The Treasury Department is completing several multi-year tax regulatory projects that primarily relate to the Tax Cuts and Jobs Act of 2017 ahead of the new Biden administration. The main ones are the deferred interest and business interest deductibility procedures, which the IRS has just finalized. Most of the new …

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Consumer watchdog slams government loan sales program – says it has ‘no rules’ in place to help people save their homes

Some Americans found themselves worse off after the Department of Housing and Urban Development sold their mortgages to private equity firms. That’s according to a report released by the US Government Accountability Office, which released this month a new analysis of HUD’s distress asset stabilization program. This program oversaw the …

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