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Online remittance startup Toast raises $1.5m to be a bank for migrant workers

Online remittance startup Toast had a goal: it wanted to help migrant workers in Asia send money back home. This way, they wouldn’t have to deal with exorbitant remittance fees, queues at money transfer operator outlets, and long transfer times. But that was just the beginning, as Toast co-founder and …

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Twitter COO Adam Bain to leave

Just weeks after reporting job cuts and a disappointing fiscal quarter, Twitter announced Wednesday that chief operating officer Adam Bain is leaving the company. Twitter chief financial officer Anthony Noto will take over Bain’s job, serving in both posts until the board hires a new chief financial officer, the struggling …

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This new iOS feature could save your life

Apple is testing a new feature for iPhones that would allow users to make phone calls when they are in trouble. The beta version of the upcoming iOS, previewed to developers on Tuesday, revealed a new SOS feature that allows users to make emergency call by simply pressing power button …

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British ‘Flash Crash’ trader pleads guilty in US

WASHINGTON: The British financial trader accused of manipulating markets and causing the 2010 “Flash Crash” in US stocks pleaded guilty in a Chicago court Wednesday to fraud charges, authorities said. Navinder Singh Sarao, a 37-year-old working out of a modest suburban home in Hounslow in west London, allegedly made tens …

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Trump election ignites fears over US encryption, surveillance policy

Donald Trump’s surprise election victory has alarmed technology companies and civil libertarians fearful that a self-described ‘law and order’ president will attempt to expand surveillance programs and rejoin a long-running battle over government access to encrypted information. Trump’s campaign featured numerous broadsides against the tech sector, including calls for closing …

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Vespa unveils its first ever electric scooter

The world’s most recognisable scooter brand is finally going electric. Vespa, the Italian machine that has been running on fossil fuels since its inception, is catching up with the times and has announced an all-electric scooter, called Vespa Elettrica. The announcement was made by the Piaggio, Vespa’s parent company, ahead …

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Forget glamour, model Lily Cole wants tech for good to encourage women, girls

LISBON: As a British supermodel and actor, Lily Cole has lived a life of glamour, but it is her new role as a social entrepreneur using technology to do good that she hopes will inspire women. Scouted on a London street in 2002 at age 14 and featured on the …

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