July 5, 2025

business

Banking

Brazil police arrest suspect in $100M banking hack

SAO PAULO (AP) — Police in Brazil arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system, known as PIX, which is used by 76.4% of the population. Hackers

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Banking

Brazilian police arrest suspect in $100M banking hack

SAO PAULO (AP) — Police in Brazil have arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system — known as PIX — which is used by 76.4% of

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Banking

Digital banking pilot project delayed

ISLAMABAD: The National Assembly Standing Committee on Poverty Alleviation and Social Safety has called for urgent reforms to ensure Pakistan’s social protection system transitions to a fully transparent, technology-driven model with minimal human intervention. Chairing the 10th session of the Committee at Parliament House, Mir Ghulam Ali Talpur emphasised the original intent behind income support

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Crypto

Detroit sues blockchain real estate firm over hundreds of blighted properties

Detroit — City officials said they filed the largest nuisance abatement lawsuit in Detroit’s history Wednesday against a pair of Florida-based brothers believed to be linked to a network of cryptocurrency real estate companies that control more than 400 city properties with rampant blight and nuisance violations. Many are rental properties in low-income neighborhoods, while

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Crypto

WinnerMining: Are cryptocurrency fluctuations making people panic? No, it’s the business opportunities of cloud mining.

winnerminingprogres WinnerMining Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. New York City, July 01, 2025 (GLOBE NEWSWIRE) — Against the backdrop of drastic fluctuations

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Mortgage

As mortgage rates remain stagnant, here’s what homebuyers should know

With the right agent, it’s still possible to find an affordable home. Mary Beth Eastman  |  for AddressUSA Right now, analysts are predicting that 30-year fixed mortgage rates will remain as they are, hovering between 6% and 7% for the next two years. While this can be disheartening news for potential homebuyers, finding an affordable

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Banking

Black Country building society primed to kick-start rural banking plans after Bridgnorth branch opening

Dudley Building Society launched its new branch in Central Court, Bridgnorth this summer, reversing a trend of closures in the town which has seen both Lloyds and Barclays depart Bridgnorth, to the dismay of the town’s residents. The High Street branch of Lloyds closed on May 20, around three years after the closure of Barclays

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Investment

Aimfinity Investment Corp. I Announces New Monthly Extension for Business Combination

Wilmington, DE, June 30, 2025 (GLOBE NEWSWIRE) — Aimfinity Investment Corp. I (the “AIMA”) (Nasdaq: AIMTF), a special purpose acquisition company incorporated as a Cayman Islands exempted company, today announced that, in order to extend the date by which the Company mush complete its initial business combination from June 28, 2025 to July 28, 2025,

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Banking

Banking on Intelligence: The Global Sprint to AI Maturity in Finance: By Alex Kreger

Artificial intelligence is no longer a futuristic buzzword—it’s a present-day battleground for competitive advantage in banking. Across the globe, countries are embracing AI at vastly different speeds, with Asia and the Middle East taking the lead in enterprise adoption, while the U.S. and UK scale up their generative AI pilots. From virtual assistants to risk

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Funds

Grants help Portsmouth market itself as tourism destination

PORTSMOUTH — With a casino hotel on the way in Portsmouth, city leaders are using grant funding to help market the city as a destination stay in hopes of boosting tourism-related revenue. Portsmouth received two state grants totaling $42,500 to help broaden marketing efforts to areas across North Carolina and Virginia. The grants will help

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