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Lessons learned in China are shaping our digital business in the US, Citigroup exec says

Citigroup’s long-time presence in mainland China is paying off as the American lender builds out its digital capabilities in the United States, according to the head of its global consumer banking business.Stephen Bird, the chief executive of Citi’s global consumer bank, said the lender has used the lessons it has learned from the evolution of digital payments and banking services in mainland China as a “clarion call of where the world is going and will go”.“Through the development of your… Source link

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Singapore 

Former Spring Singapore exec gets four years’ jail for duping agency of nearly $155,000, Singapore News

SINGAPORE – A former senior executive at Spring Singapore who duped the statutory board into disbursing nearly $155,000 and kept more than $77,000 was sentenced to four years’ jail on Monday (March 18). Leong Weng Cheou, 46, pleaded guilty in January to 18 counts of forgery and 12 cheating charges. Another 105 similar charges were taken into consideration during sentencing. He committed the offences in 2015 and 2016. Spring Singapore has since been merged with International Enterprise Singapore, and the new agency is now known as Enterprise Singapore. Before handing…

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Apple’s top retail exec to leave amid iPhone sales slowdown

Apple’s top retail executive is stepping down amid a slowdown in iPhone sales that has raised doubts about the technology giant’s future growth prospects. The shake-up announced on Tuesday ends Angela Ahrendts’ five-year stint overseeing the company’s network of 506 Apple Stores and e-commerce operations. She will remain with Apple until April. Apple did not give a reason for Ahrendts’ departure, saying only that she was leaving “for new personal and professional opportunities”. She is being replaced by Deirdre O’Brien, a long-time Apple executive who also runs the company’s human…

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Singapore 

3 Singapore MPs grill Facebook senior exec on fake news at international hearing, Singapore News

Senior Minister of State for Law and Health Edwin Tong, taking part in a first-of-its-kind international hearing on fake news and disinformation in London, questioned a senior Facebook executive as to why his company initially refused to take down a hate post in Sri Lanka during a period of religious violence and anti-Muslim riots in March. While Mr Richard Allan, Facebook’s vice-president of policy solutions, agreed it was a “serious and egregious” mistake, he maintained Facebook is still “best placed” to remove content which causes harm. The exchange took place in the…

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