The Global Digital Payment in Healthcare Market is projected to grow from USD 10.4 billion in 2023 to USD 21.62 billion by 2029, driven by the rise of telehealth services and the demand for secure, efficient transactions. North America leads this growth due to advanced technology infrastructure and significant investments in digital solutions, while challenges like data security and integration with legacy systems persist. Key players include PayPal, Square, and Stripe, focusing on innovations to enhance patient experiences and streamline billing processes.
UBS Global FIM has received two Custody Bank Awards from the Alliance of Swiss Wealth Managers (ASWM) for “Best offering” and “Best technology platform for EAMs.” ASWM is the premier association representing independent wealth managers in Switzerland.
10:27 10.10.2024
The SMI is struggling to recover from a critical support level at 11,850 points, reflecting weak buying pressure since early September. A drop below this threshold could lead to further declines, with the next support at 11,500 points. Market movements may remain volatile ahead of the US presidential elections in early November, historically followed by strong rebounds.
IG
10:12 10.10.2024
VPBank and the Japan Bank for International Cooperation (JBIC) signed a $150 million credit line on October 9 to finance green projects in Vietnam, focusing on renewable energy and power grid development to support the country's net-zero emissions goal by 2050. This agreement highlights the strengthening economic ties between Vietnam and Japan, with JBIC's support for environmental initiatives aligning with Vietnam's energy transition plans. Additionally, JBIC will provide a $36 million loan for an office building development in Ho Chi Minh City.
10:10 10.10.2024
New data reveal a cancer risk associated with Skysona, a gene therapy for cerebral adrenoleukodystrophy (CALD), with seven cases of blood malignancies reported among 67 treated boys. While the therapy shows promise, concerns about its safety persist, prompting careful consideration by physicians and families. Bluebird bio, the therapy's developer, emphasizes patient well-being and informed decision-making amid ongoing scrutiny.
UBS is successfully migrating Credit Suisse clients to its systems, with the first transfers completed and tests in Asia yielding positive results. The integration involves transferring 1.3 million clients and 110 petabytes of data, with plans to shut down 90% of CS applications and 40,000 servers. Group CEO Sergio Ermotti has identified this data migration as the biggest risk in the integration process.
09:43 10.10.2024
Azerbaijan, as COP29 President-Designate, is hosting critical climate negotiations in Baku, emphasizing the urgent need for decisive action against climate change. With extreme weather causing significant economic losses, the focus is on enhancing climate finance, particularly for developing nations, and ensuring political engagement at the highest levels to achieve ambitious climate goals. The COP29 Presidency aims to turn pledges into concrete actions, fostering collaboration among nations to address the climate crisis effectively.
UBS has begun migrating Credit Suisse clients to its platform, with initial tests in Hong Kong and Singapore proving successful. Over the coming quarters, approximately 1.3 million clients will be integrated, involving the transfer of vast amounts of data, while UBS plans to eliminate around 90% of Credit Suisse's applications and servers.
09:00 10.10.2024
The Dow Jones has reached its first price target of 42,579 points, with potential for further gains towards 44,182 points if it closes above this mark. The Nasdaq is poised for a breakout, needing to close at 20,320 points to target its all-time high of 20,760 points. Meanwhile, the S&P has generated a buy signal after surpassing 5,670 points, aiming for 6,000, while the Russell 2000 faces challenges, retreating towards support levels after failing to break its recent high.
IG
09:00 10.10.2024
Emanuele Diquattro has been appointed as the next CEO of Inventx, a bank and insurance technology firm, effective January 1. He will join the company on November 1, succeeding Gregor Stücheli, who has been serving as interim CEO since Pascal Keller's departure in the summer.
09:00 10.10.2024
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