Cake by VPBank: A typical success of digital bank in Vietnam
Cake by VPBank (Cake), which was just introduced 20 months ago, has 2 million customers. With its “Simple – Fast – Reliable” philosophy, Cake is successful in eliminating all barriers to accessing financial services. Vietnamese Fintech: Keeping pace with the world Vietnam has seen over four decades of industrialization, modernisation, and integration, making it one […]
Fed to maintain its July 75 bps spike; 40% likelihood of recession
To combat persistently rising inflation as the probability of a recession over the coming year climbs to 40%, the U.S. Federal Reserve would decide against making a larger change at its meeting next week. This is according to a poll of analysts. Another four-decade high of 9.1 percent was reached in June, fueling hopes that […]
Boeing and Airbus obtain deals for Farnborough
At this week’s Farnborough Airshow, Boeing has been releasing purchase announcements at a rapid clip, giving its ailing 737 MAX new life, although competitor Airbus on Wednesday decided to add to its A320neo order book. The MAX has more than 100 solid orders from customers, but Boeing still has a long way to go before […]
Lockheed and Pentagon agree to construct 375 F-35 combat jets
The two parties announced their agreement on Monday, amid expectations that the cost of the most popular version of the aircraft would rise due to inflation and slower production. The U.S. Department of Defense and Lockheed Martin Corp. (LMT.N) agreed to build about 375 F-35 fighter jets over three years. As for the importance of […]