About Author : Pankaj Singh

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with a course in Digital Marketing. He currently pens down valuable insights on articles pertaining to business, technology, and trade and finance for Business NewsUpdate and other news portals.

Contribution by Pankaj Singh

Oracle Prepared to Assist Canadian Banks with Open Banking Transition

The American tech giant Oracle has reportedly expressed its readiness to assist Canadian banks with their open banking requirements, offering necessary tools as needed once the country decides to make this service available. Sonny Singh, the Execu...

Goldman Sachs explores sale options for its fintech unit GreenSky

GreenSky was bought by Goldman Sachs in 2021 for USD 2.24 billion stock deal. Goldman Sachs quotes GreenSky as ‘good business’. Goldman cites itself not best suited to lead the fintech in long run . In the recent turn of event...

Tesla ordered to pay ex-employee over $3.2 Mn in damages over racism case

Electric car manufacturer, Tesla, has reportedly been ordered by a federal jury to pay more than USD 3.2 million in damages to a former worker, following his win in a racial harassment suit. Owen Diaz, who worked as a lift operator at the firm’...

Labour recasts green growth plan as UK version of Inflation Reduction Act

Labour party of the UK has decided to invest in good, clean energy jobs by recasting its green growth initiative as the British version of the US’s Inflation Reduction Act. Ed Miliband, the shadow net zero secretary, has been tasked with ensuri...

Virgin Orbit seeks funding lifeline to save itself from bankruptcy

Rocket-building company Virgin Orbit is reportedly looking for strong funding options to avoid bankruptcy, which could occur soon in case no deal is finalized. The firm has paused most of its operations and furloughed most of the staff while it seeks...

Sea announces MariBank access for select customers on invite-only basis

Tech company, Sea has reportedly opened access to its newly launched MariBank for the public on an invite-only basis. Earlier, access to the digital bank was limited to the employees of the firm. Customers are offered a Mari Savings Account with a 2....

Shares of Sea jumped 22% in US trading after unexpected rise in profit

Sea Limited, the tech conglomerate situated in Singapore and the owner of the e-commerce platform Shopee, has reportedly posted an increase in shares in the US trading following a surprising profit hike. This has invigorated investors who had anticip...

Canada to ban social media app TikTok from government-issued devices

Canada has reportedly planned to ban the short-form video content application, TikTok from all the devices issued by the government. According to a government official, the decision was made after an assessment by Canada's chief information of...

U.K.’s economy to slump worse than other countries in 2023, says IMF

The U.K. economy is reportedly set to decline and perform worse as compared to other major nations, notably Russia, as the cost of living remains high, as per the International Monetary Fund (IMF). According to the IMF, the economic output would d...