COGNICURRENT

Jack Dorsey announced the layoffs of over 4,000 employees at Block, significantly reducing its workforce as part of a restructuring effort influenced by AI.

Economists warn that uncertainty may limit Latvia's potential GDP growth despite a projected increase of at least 2.3% this year.

The Unimec Hospital in Vitória da Conquista, Brazil, will cease providing services through the Unified Health System (SUS) due to financial constraints cited by the hospital.

Municipalities in the Riga region are urging the government to stop the implementation of a new financial equalization model that they believe will burden the capital region economically.

Klarna reports that its app has surpassed 280,000 monthly active users in Greece, marking a significant increase over the past year.

Poste Italiane reports record profits and unveils plans for a new financial center integrating payment and financial services.

The National Monetary Council approved a limit of up to R$ 8 billion for Brazil's Postal Services to contract a new loan for its restructuring plan.

A witness from the Department of State Services testified in a defamation case against the chairman of Nigeria's Economic and Financial Crimes Commission regarding alleged false claims made on social media.

The Financial Services Agency of Japan has proposed a revision to the Corporate Governance Code that advocates for more effective use of cash reserves for investments rather than prioritizing shareholder returns.

The article discusses the concept of financial health in Latin America and the Caribbean, stressing that access to banking services alone is insufficient for true financial inclusion.

Financial companies will still bear customer protection responsibilities even after selling delinquent debts to collection agencies, aiming to prevent excessive recovery practices against those who have fallen behind on payments.

A significant regulatory change for 'buy now pay later' services in the UK will come into effect in July 2026, imposing stricter consumer protections and oversight.

A report reveals Deutsche Bank's contentious relationship with Jeffrey Epstein, providing high-level services for nearly six years despite internal concerns.

High street banks in the UK are offering significant bonuses to current account customers who switch to their services, with certain customers eligible for up to £500, particularly from Lloyds, Barclays, and Santander.

The brokerage Motilal Oswal Financial Services recommends investing in EMS companies, predicting significant growth driven by government initiatives and increasing manufacturing capacity.

South Korea's Financial Services Commission announced the removal of the cap on rewards for reporting stock market manipulation, enabling potential rewards of up to 30% of recovered illegal gains or penalties for whistleblowers.

Starting in 2028, large KOSPI-listed companies will be required to disclose their ESG practices, with climate finance expanding from 420 trillion to 790 trillion won.

A judge in Mexico declared the strike at Monte de Piedad invalid, signaling potential progress towards reopening its branches soon.

Hannu Lauerma, a forensic psychiatrist, emphasizes the urgent need for increased funding for prisoners' mental health services, echoing concerns raised in a report by the Deputy-Ombudsman of Finland.

Lloyds Bank addressed customer concerns regarding blocked payments after a customer complained about being unable to make a simple transfer to their daughter.

NS&I announced a decrease in the Premium Bonds prize fund rate and an increase in odds against winning, reflecting changes in the savings market.

A medicinal cannabis company is under investigation for allegedly offering financial kickbacks to military advocates in exchange for veteran referrals to its services.

A lobbyist for Plus Ultra has been found to have paid the Zapatero family 110,000 euros annually for advisory services amidst ongoing investigations into corruption and financial mismanagement.

A report indicates significant financial damage calculated in tens of thousands of billions of krona.

The Finnish company Järvisydän is undergoing a corporate restructuring process due to significant debts amounting to 15.6 million euros, primarily caused by excessive investments in related companies.

Nationwide is set to issue another £100 'fairer share' bonus in 2026, continuing its trend of annual bonuses for members.

A recent cyber breach of PayPal has allowed hackers to access user accounts, leading to unauthorized money transfers and data leaks.

The article explores the payment processing schedule of various Estonian banks on the occasion of Estonia's birthday, February 24.

Hana Bank has launched a new service called 'Digital 9 PM Lounge' that allows banking operations until 9 PM on weekdays, catering mainly to working professionals and small business owners.

In March, banks in Argentina will be closed on March 23 and March 24 due to a tourist holiday and a national day of remembrance, respectively.

German mayors are facing increasing financial pressures, forcing them to make tough choices about community services amidst public outrage and personal threats.

The Financial Services Commission in South Korea is considering applying a zero loan-to-value ratio to mortgage extensions for multiple homeowners, amid ongoing concerns expressed by President Lee Jae-myung about the lending practices.

Employees of Expresso Rei de França met to discuss voluntary separation agreements due to the company's financial crisis, impacting bus services in São Luís.

Mexico's antitrust commission has blocked Visa's attempt to acquire a 51% stake in Prosa, stating it would harm competition in the financial services sector.

Seven regional shires in Western Australia are confronting a $325,000 revenue cut after rate payments from forestry plantations are redirected from local councils to the State Treasury.

Polish hospitals are facing significant financial strain as they await reimbursement from the NFZ for medical services rendered in excess of the agreed limits for 2025, totaling over 8 billion PLN.

Financial companies are launching automated services that allow customers to request interest rate cuts without making direct demands themselves.

Plata has received authorization from the CNBV to begin operations as a Multiple Banking Institution in Mexico after a three-year regulatory process.

Zoran Mamdani, New York City's first socialist and Muslim mayor, is grappling with significant financial challenges early in his tenure.

Prudential Life Insurance has been embroiled in a major scandal involving over 100 employees defrauding around 500 clients of more than 3.1 billion yen, prompting an inspection by the Financial Services Agency and a 90-day suspension of new business activities.

Wille Rydman has been appointed as Finland's new Minister of Social Affairs and Health, emphasizing the importance of securing services during challenging financial times while addressing a 108 million euro cost-saving challenge left unresolved by his predecessor.

Banks in Brazil will reopen at noon on Ash Wednesday after closing for Carnival, with adjustments to operating hours to ensure minimum service to the public.

Pharmacists in England are warning that they may have to cut services soon due to significant financial losses and a funding crisis.

The article discusses the significant decline in stock values for companies related to software, financial data, legal services, and education, attributing their losses to the rise of AI technology.

The article discusses how certain sectors such as software, financial data, legal services, and education are emerging as losers in the AI investment wave, with a significant loss in their stock value.

Kozak Financial Group offers financial consultation services aimed at securing clients' wealth and financial legacy in Alberta, Canada.

Governor Kathy Hochul and Mayor Zohran Mamdani have announced a $1.5 billion financial agreement aimed at supporting New York City's essential services and programs over the next two fiscal years.

Germany and France proposed measures to simplify financial regulations in the EU, urging the European Commission to present an ambitious package to ease the burden on companies.

The Employees' Provident Fund Organization (EPFO) in India is set to launch a new application for its users.

TransferGo has expanded its electronic money license to allow customers to withdraw cash from their payment accounts, enhancing service offerings amid changing customer needs.