Tag: Finance
5 Benefits of Crowdfunding
What is Crowdfunding? Crowdfunding is a popular method of raising capital from a range of people. It is a relatively new idea due to its harnessing of social media connectivity. People can pitch business ventures to a large group of investors and entrepreneurs, who can invest as little as $10. The collective capital raised by…
Glitch in Ethiopian Bank causes Customers to withdraw Millions
Key Points Regarding the Glitch: On Saturday, 16th March, a glitch occurred in the transaction systems of the Commercial Bank of Ethiopia, which allowed people to withdraw more money than they had in their accounts. It took several hours for the glitch to be fixed, and over $40 million was reportedly withdrawn during this time.…
Donald Trump and His Truth Social Payout
What Happened? On Monday, Trump will be due to pay $454 Million as a bond to the state of New York. A New York state judge, Arthur Engoron, claimed Trump inflated his assets and properties on financial statements to banks and insurers to get better loans, paying less interest. Despite this, he has paid back…
Goldman Sachs: The Gender Disparity Problem
Goldman Sachs, a well-known leading global investment firm worth around $126 billion, has seen recent outward success. However, internal bitterness within the firm has become more and more apparent. Many women continue to quit their jobs there under the claims of unequal pay bias towards men and little scope for getting a higher-ranking job. Goldman…
What has Narendra Modi done to make India Great?
Who is Narendra Modi? Narendra Modi became Prime Minister of India on the 26th of May 2014 after serving as the chief minister of Gujarat for 13 years. Modi is part of the Bharatiya Janata Party, B.J.P. for short, a right-wing political party in India. Modi and the B.J.P. won the 2014 election with 171…
What Drives the High Value of Middle-Eastern Currencies?
Currency Abbreviation Value against USD $1 Kuwaiti Dinar KWD 0.31 Bahraini Dinar BHD 0.38 Omani Rial OMR 0.38 Jordanian Dinar JOD 0.71 Great British Pound GBP 0.79` According to Forbes Advisor, as of 2024, these are the top five strongest currencies in the world. It is evident that the top four of these five are…
