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Decrypted: Uber’s former security chief charged, FBI’s ‘vishing’ warning

A lot happened in cybersecurity over the past week.The University of Utah paid almost half a million dollars to stop hackers from leaking sensitive student data after a ransomware attack. Two major AT

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Lebanon's battered economy dealt fresh blow after port blast

A view shows the damage at the site of Tuesday's blast in Beirut's port area, Lebanon August 7, 2020. /Reuters Lebanon's economy, already sinking before the explosion that knocked out its main

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Monzo launches new Monzo Plus with software features it hopes users will want to pay for

Can a bank charge for software? That’s the existential question Monzo appears to be asking itself with its second — or, possibly, third — attempt at launching Monzo Plus, a premium

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Meat off the menu for Lebanese army as prices skyrocket

The Lebanese army has scrapped meat from all meals it offers to soldiers on duty as food prices skyrocket as a result of a deepening economic crisis.The country is in the throes of its worst econo

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China to pilot regulate large-sum cash transactions

A bank clerk counts Chinese yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei, Anhui province, June 8, 2012. /Reuters China has designated three pilot areas to r

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Lebanon unrest explained

"Our issue isn't only with the bank. The Bank is a tool. Our issue is with the governing bodies …with these militias, political parties...The people that are stealing this country since the Civil War

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Pandemic socialism

U.S. President Donald Trump (C) addresses a news conference at the White House in Washington D.C., the United States, on March 13, 2020. /Xinhua Editor's note: Willem H. Buiter, a former chief

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Revolut launches its neobank in the US

European fintech startup Revolut is launching its app and service in the U.S. Starting today, anybody can sign up and get a Revolut debit card. In the U.S., Revolut has partnered with Metropolitan C

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India’s Yes Bank breakdown disrupts Walmart’s PhonePe among a dozen other services

Tens of millions of merchants and users in India are struggling to make online transactions and use some of their popular services after the nation’s central bank seized control of Yes Bank, the fourt

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Mobile banking app Empower Finance just closed a $20 million Series A round

Another afternoon, another round of funding for a mobile banking app. This time, it’s Empower Finance a San Francisco-based company that’s headed up by former Sequoia Capital partner Warre

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Int'l community welcomes U.S.-Taliban deal, calling for lasting political settlement in Afghanistan

Afghan President Mohammad Ashraf Ghani (L, Front) shakes hands with visiting U.S. Secretary of Defense Mark Esper during a joint press conference in Kabul, capital of Afghanistan, on Feb. 29, 2020.

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Pompeo lies and the lost United States

U.S. Secretary of State Mike Pompeo speaks about airstrikes by the U.S. military in Iraq and Syria, at the Mar-a-Lago resort in Palm Beach, Florida, U.S., December 29, 2019. With him are U.S. Arm

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Pompeo says U.S.-Taliban deal to include timeline for troops withdrawal, intra-Afghan negotiations

U.S. Secretary of State Mike Pompeo said on Tuesday that a possible U.S.-Taliban peace deal will include a timetable for conditions-based U.S. troop withdrawals and the start of the intra-Afghan neg

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Sweden Starts Testing of World’s First Blockchain-Based National Currency

Stockholm’s move comes amid growing concerns among governments, central banks and even intelligence agencies that cryptocurrencies could pose a major threat to traditio

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Coinbase launches margin trading for some users

Cryptocurrency exchange Coinbase is launching margin trading today. Margin trading lets you trade on leverage. But it works both ways — margin trading lets you multiply your gains and your losses.Marg

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Mobile banking alternative Bnext expands to Mexico

Spanish startup Bnext is expanding beyond its home country. The company is currently rolling out its product in Mexico. 170,000 people had previously signed up to a waiting list. Bnext is going to inv

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Lebanon's protesters use fireworks during clashes outside parliament

00:46 Protesters blocked several main roads across Lebanon on Friday as demonstrations intensify against a political elite accused of corruption and incompetence. The unrest began last