Author: Infohub BD

Categories
International

Hyundai’s Big Data Ambitions Depend On A Little-Known Credit Card Company

What is credit card
What is credit card

South Korea’s second-biggest conglomerate by revenue has big plans in the hot field of big data—and a little-known credit card subsidiary looks set to play a crucial role.

Hyundai Motor has ambitious plans to invest more than $50 billion over the next five years to become a “Smart Mobility Solution Provider.” It’s a broad plan that includes crunching data—”the new oil” in the digital age—to provide personalized services and content related to shopping and streaming.

In line with the plan, Hyundai Card, the Korean car giant’s credit card unit, has been quietly winning the war for data science talent for years and is already capable of analyzing the consumer spending patterns of its more than 9 million card holders. Hyundai Card’s data science expertise makes the company, which is preparing for a blockbuster IPO, more important than ever for the auto-to-steel conglomerate.

Read More
Categories
Business National

Credit card spending falls as consumers tighten belts

Credit card
Credit card

Spending through credit cards declined in September as consumers are still feeling the heat of the slower-than-expected economic recovery, while the threat of a second wave of coronavirus infections looms large.

Total card loans held by lenders stood at Tk 1,245 crore in September, down 19.78 per cent a month earlier, according to data from the central bank.

Transaction through credit cards, however, rose 23.68 per cent year-on-year. The volume stood at Tk 1,006 crore in September last year.

The spending using credit cards drastically went down in the second quarter of 2020 because of the strict restrictions on the movement imposed by the government to keep the deadly flu at bay.

Read More
Categories
International

Huawei Sells Honor Unit ‘To Ensure Its Own Survival,’ But Loses Smartphone Synergy

Is Huawei and Honor same company
Is Huawei and Honor same company

Huawei, the Chinese telecom giant once ranked as the world’s largest smartphone maker and increasingly squeezed by Washington, announced Tuesday that it would sell its budget handset brand Honor to a government-backed consortium in a bid for the unit’s survival.

Huawei has been struggling to overcome restrictions on crucial chip technologies by the U.S., which calls the company a national security threat.

By breaking off, Honor can get smartphone supplies without Washington’s blockade, but will lose access to Huawei’s resources and may even face new U.S. restrictions in the longer term, analysts warn.

“This move has been made by Honor’s industry chain to ensure its own survival,” Huawei said in a statement. “Huawei’s consumer business has been under tremendous pressure as of late.

This has been due to a persistent unavailability of technical elements needed for our mobile phone business.”

Read More

Categories
National

Bangladeshi teenager wins International Children’s Peace Prize 2020

Bangladeshi teenager wins
Bangladeshi teenager wins

Sadat Rahman, a 17-year old teenager from Narail, has won the International Children’s Peace Prize 2020. The award by Netherlands-based KidsRights Foundation is given every year to a child involved in promotion of children’s rights and protecting vulnerable children. The expert committee selected Sadat as the winner from 142 applicants from 42 countries.

Sadat was presented with the award today by Nobel Peace Prize laureate Malala Yousafzai during a ceremony in the Hague, the Netherlands. He was awarded the prize for his involvement in setting up a social organisation and mobile app “Cyber Teens” to stop cyberbullying and violence against children.

Last year, this award was won by climate activist Greta Thunberg. Malala Yousufzai herself  is a previous winner of the prestigious prize.

Sadat beat two other finalists – 12-year old Ivanna Ortega Serret from Mexico, who fought water pollution, and 18-year-old Siena Castellon from Ireland, who created a website to help pupils with autism and severe learning disabilities.

Read More
Categories
Entertainment National North America South America World

PM Hasina congratulates Biden, Harris

sheikh_hasina
sheikh_hasina

Prime Minister Sheikh Hasina has congratulated US president-elect Joe Biden and vice-president-elect Kamala Harris.

Biden, 77, beat Donald Trump in a heated election held last week to become the 46th president of the United States. His running mate Kamala Harris made history as the first Black woman to become vice president.

Biden positioned himself to be a leader who “seeks not to divide, but to unify” a nation gripped by a historic pandemic and a confluence of economic and social turmoil.

“I sought this office to restore the soul of America and to make America respected around the world again and to unite us here at home,” said Biden in a prime-time victory speech not far from his Delaware home, reports AP.

Read More
Categories
Peruse

Best Buy Black Friday 2020: The Best Deals From This Weekend’s Wish List Sale

black friday deal
black friday deal

Black Friday isn’t until November 27, but retailers have already been launching early deals and gradually easing into the 2020’s biggest sale period.

With tech items among the most popular Black Friday purchases, it’s no surprise that Best Buy has kicked off its Black Friday deals weeks early, with new discounts rolling out daily. 

Tip: Bookmark this page for easy access to the latest Best Buy Black Friday 2020 deals, because we are updating this story with the best fresh discounts daily.

There are so many short-lived deals coming and going through the month of November in fact, that it’s worth checking back regularly.

Read More
Categories
International North America South America World

Joe Biden Wins Presidency After Recapturing Rust Belt States

Joe Biden Wins Presidency
Joe Biden Wins Presidency

TOPLINE

Former Vice President Joseph R. Biden Jr. is projected to be the next president of the United States based on election analysis by the Associated Press, defeating incumbent President Donald Trump in what proved to be one of the most brutal campaigns in modern history, throughout which Biden vowed to heal the nation’s deep divisions and respond forcefully and responsibly to Covid-19 pandemic.

KEY FACTS

• The Associated Press called the crucial battleground state of Pennsylvania for Biden on Saturday after late-counted absentee ballots gave him a come-from-behind victory, also calling Nevada for him shortly after.

• Biden’s path to 270 electoral votes was paved through Pennsylvania, Wisconsin and Michigan, which Trump won after decades of Democratic dominance, leaving some Democrats to question whether their path to the presidency in future elections would still run through the Midwest.

Read More
Categories
Peruse

Black Friday 2020: Everything We Know About The Best Sales & Deals So Far

black Friday 2020
black Friday 2020

We are updating this story with the best fresh discounts daily. Tip: Bookmark this page for easy access to the latest Black Friday 2020 deals.

It may be hard to believe that Thanksgiving is just three weeks away, especially if you’ve been at all distracted by recent events. And if you understandably haven’t yet put together your holiday shopping list, now might be a good time to get it done.

Because while lots of retailers will wait until Black Friday itself to run special promotions, plenty have already started rolling out Black Friday sales, and we expect more will continue to do so leading up to Thanksgiving.

If last year’s sales and the Black Friday deals we’re already seeing are any indication of what’s to come this month, shoppers can expect to save a lot.

Read More
Categories
Breaking International North America Politics South America World

Half Of Trump’s Twitter And Facebook Posts Since Election Day Flagged

Republican Party & Democratic Party
Republican Party & Democratic Party

TOPLINE: Facebook and Twitter have labeled half of President Donald Trump’s posts since Election Day because he repeatedly and falsely declared victory and cast doubt on legal votes counted after Election Day.

KEY FACTS: Of Trump’s 22 posts on Facebook and Twitter, not including retweets or videos, 11 have been labeled by the social media giants. 

The flagged posts include erroneous claims to victory before races have been officially called and false assertions that the election is fraudulent.

Twitter has hidden posts from view and warned “some or all of the content shared in this Tweet is disputed and might be misleading about an election or other civic process,” and restricted the ability to like or retweet.

Read More
Categories
Breaking North America South America World

Judge Warns Postal Service Of ‘Price To Pay’ After It Downplays Defying Court Order To Search For Ballots

U.S. Postal Service Postmaster General Louis DeJoy
U.S. Postal Service Postmaster General Louis DeJoy

TOPLINE :The U.S. Postal Service said in court Wednesday that it did sweep its facilities for any undelivered ballots Tuesday in key battleground states despite not complying with a court-ordered deadline to do so—but a federal judge warned that USPS will likely face consequences for ignoring the “very important court order” on Election Day.

U.S. District Judge Emmet Sullivan in the District of Columbia ordered USPS Tuesday to have postal inspectors sweep many of its facilities in regions including battleground areas in Pennsylvania, Michigan, Wisconsin, Texas and Georgia for any undelivered ballots by 3 p.m.—but the USPS said in a subsequent court filing that while it was sweeping the facilities, it would not do so by that deadline.

Department of Justice lawyers representing USPS said at a status conference Wednesday afternoon there “wasn’t enough time” to get postal inspectors to postal facilities by 3 p.m. as the court had demanded, but that the sweeps themselves happened “even if the timing did not.”

Read More