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EU proposes changes to payments sector to support fintech growth

LONDON: The EU has proposed making the payments sector more competitive, giving legal backing to a digital euro, and preserving the role of cash as fewer people use coins and notes, according to Reuters. The package of European Commission reforms seeks to further prise open a payments market long dominated by banks and US duo Visa and Mastercard, which are now being challenged by fintechs that offer rival services using data from customers’ bank accounts.
Intercepted Podcast

CIA Arms Dealer Targeted by DEA

He thought he was a CIA arms dealer, but the DEA ran an entrapment sting operation.

The post CIA Arms Dealer Was Actually DEA Target appeared first on The Intercept.

Business

“Red Sea Coastal Tourism Map: Saudi Arabia’s First-Ever Chart”

RIYADH: Tourists traveling to The Red Sea Project can expect better mobility and accessibility options as Saudi authorities are developing the Kingdom’s first geographical navigation map that charts the scope of marine tourism in the coastal area.   The Saudi Red Sea Authority and the General Authority for Survey and Geospatial Information have partnered with 19 government agencies to develop the first-ever coastal tourism map of the Red Sea.  
Business

Saudi Green Initiative intensifies fight against plastic pollution.

RIYADH: As the world is getting choked by plastic pollution, the planet is set to ring in another Environment Day on June 5, focused on ending the nondegradable waste’s disastrous effects.  According to the UN Environment Programme, the world produces around 400 million tons of plastic annually, and just 9 percent of it gets recycled. What is worse? Almost 130,000 tons of plastic waste end up in the ocean every year. 
Business

NEOM Aims to Preserve Natural Environment with Ambitious Target

RIYADH: As part of Saudi Arabia’s efforts to protect the environment and promote sustainable living, NEOM has pledged to allocate 95 percent of its total area for preservation. It will also develop a facility in Al-Asilah to preserve the Arabian oryx, the Arabian sand gazelle, the mountain gazelle, and the ibex. The reserve will be home to one of the biggest wildlife restoration programs in the world and will allow visitors to learn about NEOM’s programs for the development and rehabilitation of vegetation and wildlife.
Business

NEOM’s First International Exhibition in Venice

RIYADH: NEOM launched its first international exhibition in Venice while presenting the key design principles underlying The Line, the Saudi Press Agency reported on Sunday. Called “Zero Gravity Urbanism — Principles for a New Livability,” the exhibition plays host to more than 20 of the world’s leading architects and innovative designers. 
Economy

Indigenous Australians File Complaint Over Gas Projects’ Impact on Rights

Traditional landowners say pension funds have obligation to prevent 'adverse human rights impacts' from energy projects.
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