Islamic finance embraces fintech with a new gold-backed debit card that is Sharia compliant and avoids customer money staying inside the traditional banking system, where it would be exposed to interest.
PwC has retained the most valuable audit contract on the London Stock Exchange after overcoming a challenge from Deloitte to sign off the accounts of HSBC until 2034. HSBC announced on Friday that it had decided to reappoint PwC following a tender process that was required because the Big Four firm will have served for 10 years by the time it signs the 2024 accounts. PwC and Deloitte were the final two firms in HSBC’s marathon tendering process that effectively began when the bank informally contacted accounting firms in 2021, according to people familiar with the process.
Reuters, a division of Thomson Reuters, had planned to start charging for news on Reuters.com in 2021 but postponed plans shortly after announcing the launch. The LSE bought financial news and information business Refinitiv, formerly a division of Thomson Reuters. It pays Thomson Reuters for news it distributes on Refinitiv terminals.