Business

Somalia issues its first mobile money licence to Hormuud Telecom

27/02/2021 - 17:45:45
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Super Admin
Mogadishu (Reuters + Diplomat.so) - Somalia's central bank awarded on Saturday the country's first mobile money licence to Mogadishu-based Hormuud Telecom Somalia Inc, a move aimed at formalising the country's digital payments system and integrating it with the global financial system.
Hong Kong prides itself as one of the world's most free economies, but transparency campaigners have long complained that lax regulations make it an easy place to launder money

Hong Kong bank staff arrested in US$810m laundering probe

20/01/2021 - 11:56:12
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Hong Kong (AFP + Diplomat.so) - Seven former and current bank employees have been arrested in Hong Kong as part of a major operation against a US$810 million international money-laundering syndicate, police said Wednesday.
Jack Ma

Jack's back: Chinese e-tycoon ends silence with online video

20/01/2021 - 11:01:48
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323
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Beijing (AP + Diplomat.so) — China's highest-profile entrepreneur, Jack Ma, appeared Wednesday in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group.

Israel's GDP to grow 4.6 pct in 2021: ministry

17/01/2021 - 21:37:50
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Tel Aviv (Xinhua + Diplomat.so) -- Israel's Ministry of Finance estimates that Israel's GDP will expand 4.6 percent in 2021, according to an annual report issued by the ministry on Sunday.