Borrowing by mobile phone gets some poor people into trouble

Mobile money’s too tight to mention MOBILE MONEY, which offers the equivalent of a basic bank account to almost anyone with any sort of phone, has long been seen as a boon for financial inclusion. So recent evidence that it is leaving problems in its wake is causing dismay. Digital credit through mobile phones is […]

Call of Duty: Black Ops 4 is borrowing from Counter-Strike, Overwatch, and Siege

Call of Duty: Black Ops 4’s beta has kicked back into action, and this time it is on PC and Xbox One as well. I jumped into the version this afternoon to try out the new Heist mode, which is Treyarch’s twist on the Counter-Strike: Global Offensive formula. But that’s not the only game Black […]

CVS is borrowing a near-record $40 billion to bankroll a deal that hasn’t even been approved

Reuters CVS announced plans to sell $ 40 billion of bonds in order to finance its $ 69 billion acquisition of Aetna.  The offering, which will be the third-biggest on record, is being done now because CVS wants to avoid the higher interest rates expected later in 2018. CVS Health plans to sell $ 40 […]

Disney is borrowing some of the magic from Pokemon Go for ‘Star Wars: The Last Jedi’ (DIS)

Is General Leia Organa this year’s Pikachu? In the lead-up to the December release of Star Wars: The Last Jedi, Walt Disney plans to unleash a torrent of marketing and sales on a galactic scale by deploying an augmented reality (AR) event so massive it could rival the Pokemon Go craze of last summer. Feel the Force Disney will be reprising its […]

India needs to curb a borrowing spree by its state governments

WHICH Indian state sounds more likely to repay a loan: Bihar, the country’s poorest, with a budget deficit of nearly 6% of its state GDP last year and a hole in its finances after it banned alcohol sales; or Gujarat, a relatively prosperous coastal region with a deficit nearer to 2%? According to bond markets […]