Author: Lucas

Scotiabank has launched The Platinum Card in partnership with global payments company American Express (AMEX), signalling the beginning of an exciting new chapter in premium financial services in Barbados.Suzette Armoogam-Shah, managing director of Scotiabank (Barbados) Limited, said the new product also represented the bank’s continued investment in innovation and growth.She was speaking at Apes Hill Golf Club House on Thursday evening when the AMEX Platinum Card issued by Scotiabank was unveiled.“The Platinum Card offers an extraordinary suite of travel and lifestyle benefits designed to meet the sophisticated needs of our clients, while unlocking a world of global opportunities,” the senior…

The inaugural edition of the Africa Stablecoin Summit 2025, was supported by Tether, the largest company in the digital asset industry, VISA, and Telcoin and it successfully brought together more than 300 high-level leaders from across Africa and beyond toexplore how stablecoins can strengthen the continent’s financial systems, trade, and economic resilience. The two-day summit, themed “Harnessing Stablecoins for Africa’s Economic Resilience,” convened central banks, regulators, commercial banks, fintech innovators, stablecoin issuers, development partners, and blockchain infrastructure firms. Attendees included representatives from the governments and central banks of Kenya, Ghana, Nigeria, Uganda, Zambia, and South Africa, alongside delegates from the…

A seasoned crypto trader has defied October’s market turmoil, pocketing roughly $17 million in profit from long positions on Bitcoin and Ethereum.Data from Arkham Intelligence shows that the trader, identified as “0xc2a,” opened long positions shortly before last week’s market rebound. Bitcoin and Ethereum subsequently gained 4% and 2%, respectively.Sponsored SponsoredThe Crypto Whale Holds Nearly $300 Million in Long PositionThe trader’s precision came after one of the crypto market’s most volatile stretches, when more than $20 billion in leveraged positions were wiped out on October 10.The market chaos began after President Donald Trump announced a 100% tariff on Chinese imports.…

KYIV – Ukraine said on Nov 15 it had attacked a Russian oil refinery in a region near Moscow, a day after deadly Russian attacks on its capital Kyiv. The Ukrainian army said on social media it had hit a refinery in the Ryazan region near Moscow as “part of efforts to reduce the enemy’s ability to launch missile and bomb strikes”.Ukraine has regularly staged missile and drone attacks inside Russia throughout the Kremlin’s invasion since 2022. Ryazan governor Pavel Malkov said Russian air defences shot down 25 Ukrainian drones over the region during the night. “Falling debris caused a…

Over half (56 per cent) of homebuyers would pay more for home insurance if it gave them peace of mind they had the right cover, research by Paymentshield has discovered.The research, which was conducted by YouGov among 2,067 adults, found a growing appetite among consumers for advice when purchasing home insurance, with peace of mind emerging as a more important factor than price for many.Peace of mind was the biggest driver for those seeking advice, with 35 per cent citing this as the main reason.A further 28 per cent of respondents say they would want advice because they believe they…

Network Rail has set up a new property development company to develop brownfield railway land and to be at the forefront of regeneration projects across Network Rail’s estate. Over the next ten years, the new company, Platform4, which was created by merging London & Continental Railways Ltd with Network Rail’s property development business, aims to build 40,000 new homes and develop over 10 million sq ft of commercial space. Through spearheading regeneration projects across Network Rail’s estate in the development of towns and cities, it will drive investment and growth while supporting the Government’s housing agenda. Platform4 will supplement Network…

Patiently holding shares of companies with excellent growth prospects is the most efficient way for people to build wealth. Stocks can fall for various reasons, but these dips can provide investors with the opportunity to buy shares at lower valuations, thereby boosting returns. The following growth stocks were recently punished for what are essentially minor hiccups in their long-term growth trajectory. Here’s why investors can expect these stocks to recover and deliver solid gains from here. Image source: Getty Images. 1. Duolingo Duolingo’s (DUOL 0.79%) third-quarter earnings report continued to show excellent growth, as more users continue to sign up…

This San Francisco fund is trimming exposure to a stock that already has its fate—and upside—essentially locked in.San Francisco-based investment firm No Street reduced its stake in Chart Industries (GTLS +0.01%) by 565,000 shares in the third quarter, a move that reflected an estimated $79.7 million position decrease.What HappenedNo Street GP LP reported a significant reduction in its position in Chart Industries (GTLS +0.01%), according to a filing submitted to the U.S. Securities and Exchange Commission on Friday. The fund sold 565,000 shares during the quarter, bringing its total holding to 375,000 shares worth $75.1 million at quarter’s end. The…

For savers on the hunt for competitive returns as  interest rates fall, Progressive Building Society is offering a regular savings account with a 7% AER.Savers can deposit up to £300 into the account each month within its 12-month term, meaning a maximum of £3,600 can be put away in total. Regular savings accounts typically require people to deposit a set amount each month and make minimal to no withdrawals. However, savers have a bit more flexibility with Progressive Building Society, as people can access their pot once per day without facing a penalty.The Rainy Day Saver Account can be opened…

The UAE recently reached a major milestone with the Digital Dirham, its central bank digital currency (CBDC), by completing the first government-to-government (G2G) transaction on a blockchain platform. The transaction, carried out between the UAE Ministry of Finance and the Dubai Department of Finance, was settled in under two minutes, bypassing traditional intermediaries such as banks or clearing houses. This marks the first major live test since the Digital Dirham pilot launched in March 2025. The transaction was processed via mBridge, a multi-CBDC platform jointly developed by the Central Bank of the UAE, BIS Innovation Hub, the Bank of Thailand,…