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World’s central banks tackle technology with innovation hub

World’s central banks tackle technology with innovation hub

ZURICH (Reuters) – Central banks grappling with fast-changing financial technology and companies like Facebook (FB.O) moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements. The BIS said the intention of the hub, which will be based in Basel, Hong Kong and [...]

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White House official: New sales to China’s Huawei to cover only widely available goods

White House official: New sales to China’s Huawei to cover only widely available goods

WASHINGTON (Reuters) – President Donald Trump’s decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off limits, a top White House aide said on Sunday. “All that is going to happen is Commerce will [...]

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World’s central banks tackle technology with innovation hub

World’s central banks tackle technology with innovation hub

ZURICH (Reuters) – Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements. The BIS said the intention of the hub, which will be based in Basel, Hong Kong and Singapore, [...]

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