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Grab’s Earnings Bouncing Back To Pre-COVID Numbers

PYMNTS

Grab counts Softbank among its biggest investors and has evolved from a ride-hail startup in 2012 to a multi-faceted tech company that was last valued at $14 billion. But as the region recovers, businesses like Grab are starting to recuperate. In June, Singapore’s biggest startup had to lay off 5% of its workforce, about 360 people.

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OECD Sees Continued Decline In Global Economy

PYMNTS

The Organization for Economic Cooperation and Development (OECD), a consortium of 34 nations worldwide, has warned that the U.S. are less optimistic about the national economy, with economic outlook dropping for the fourth month in a row, according to data from the National Federation of Independent Business (NFIB).

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Wages At Smaller Firms Reach Record High 

PYMNTS

Earnings growth was driven in part by regular increases in hourly pay along with December’s 1 percent surge in hours worked, the biggest since 2012. Small business job gains have flattened in the second half of the year as labor markets prove very tight,” said James Diffley, chief regional economist at IHS Markit. “In

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The American Dream Of Homeownership On Hold For Millennials?

PYMNTS

The last time home loans were in the low 3s was 2012 when the rate fell to 3.36 There’s no question that millennials have been laid off at a higher rate because of the pandemic,” Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors (NAR), told PYMNTS.

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Trulioo Global ID Service Now Available In Nigeria, Ghana

PYMNTS

Although the number of adults with bank accounts has been steadily rising and is up 7 points since 2012, African countries – especially in the sub-Saharan and West African regions – are trailing the rest of the world. The worldwide average is 69 percent, and in Ghana it is 62 percent. Nigeria is even lower at 44 percent.

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Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

Charlie Baker said he is glad Amazon is planning to “increase their substantial presence” in the state, which is a base for a “nation-leading innovation economy with a highly educated and skilled workforce.”. The new facility will be in addition to the Amazon Robotics site in North Reading, Massachusetts. Massachusetts Gov.

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GulfTech is a challenge due to diversity

Chris Skinner

Equally, having been to the region regularly since 2002, I’ve seen how it is developing and changing. It’s a vibrant world that changes almost every day. For example, the Dubai Canal has appeared recently.

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