Venture capital investing boom neglects startups tackling poverty

The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing ...

Hong Kong banks turn to start-ups for tech edge

Hong Kong's towering skyline is dominated by major banks and investment houses—but smaller start-ups are playing an increasing role on the financial landscape.

Fidelity National to buy rival SunGard

Fidelity National Information Services is buying rival financial software company SunGard to bolster the services it can offer clients.

A new mechanism to explain how a financial crisis happens

Dr. Kobayashi Teruyoshi, an associate professor at the Graduate School of Economics, Kobe University and Dr. Charles Brummitt of Columbia University have proposed a new model to predict a financial crisis (a chain of bankruptcies) ...

Cities, regions call for 'robust' world climate pact

Thousands of cities, provinces and states from around the world urged national governments on Thursday to deliver a "robust, binding, equitable and universal" planet-saving climate pact in December.

Turkish cyberattack suspect appears in New York court

A 33-year-old Turkish man extradited to New York appeared in court Wednesday on charges that he organized three cyber attacks costing the global financial system $55 million, prosecutors said.

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