Vice Media Files for Chapter 11 Bankruptcy Ahead of Sale
Vice Media filed for Chapter 11 bankruptcy protection on Monday, May 15, to facilitate the planned sale of the company shortly and make the firm’s future more secure.
Finance & Economics - page 73
Google Co-Founders Gain $18 Billion as AI Boost Lifts Stock
The co-founders of Google have multiplied their material well-being against the background of mass interest in the field of artificial intelligence technologies.
Apple Partner Foxconn to Invest $500 Million in India’s Telangana
Foxconn will direct investments of $500 million to establish enterprises in the southern Indian state of Telangana.
Argentina Inflation Reaches All-Time High
The annual inflation rate in Argentina surged more than analysts expected, remaining at the highest level since 1991 and marking a perilous milestone for this Latin American economy Argentina’s state-run INDEC statistics agency said that the inflation rose 108.8% year-on-year in April 2023, the third month in a row since the inflation growth surpassed 100% for […]
In UK Ransomware Payments Nearly Double in One Year
In the UK, payments by companies to ransomware programs have almost doubled over the past year.
CFPB Warns Banks Against Creation of Fake Accounts for Fee Harvesting
Consumer Financial Protection Bureau (CFPB) The United States has issued a circular stating that banks unilaterally deciding to reopen a deposit account for processing transactions, previously closed by a customer violate the Consumer Financial Protection Act.
Revolut CFO Resigns Citing Personal Reasons
Revolut’s chief financial officer retired two years after starting work in the British fintech industry.
When is a Good Time to Consolidate Your Debt?
Throughout their lifetime, the average person will find themselves in debt at one point or another, and there are even those that will accumulate multiple debts from varied or similar sources. Fortunately, one solution to help with dealing with these events is debt consolidation – and as an option that is available to those that […]
Disney+ Streaming Service Loses 4 Million Subscribers in First Quarter
Disney has announced that its flagship streaming service has lost 4 million subscribers in the first three months of this year.
Ascend Raises $25 Million for Pre-Seed AI Startups in Pacific Northwest
Ascend, which is based in Seattle and operates in the field of artificial intelligence, announced the closure of the second round of raising funding for $25 million.
Sound Ventures Invests Half Its $240 Million AI Fund Into Three Companies
The Beverly Hills, California-based venture capital firm Sound Ventures, led by general partners Ashton Kutcher, Guy Osiri, and Effie Epstein, announced the creation of a new $240 million artificial intelligence fund last week, already half of this money has been invested in three companies: OpenAI, Anthropic, and Stability.AI.
Bank of France Head Says Tough Regulations Make EU Lenders Robust
The head of the central bank of France said that strict measures to regulate the processes taking place in the banking sector create an advantageous position for creditors.
UK Greenlights $7.3 Billion Merger Between Satellite Rivals Viasat and Inmarsat
The UK Competition and Markets Authority (CMA) has officially approved the proposed merger of Viasat and Inmarsat worth $7.3 billion.
LinkedIn Cuts 700 Jobs and Closes China App
LinkedIn has cut 716 jobs, taking the baton of layoffs among large technology companies.
JPMorgan to Pay Frank Founder’s Legal Fees
J.P. Morgan Chase will pay the legal costs of the disgraced founder of the fintech company with whom it is suing.
HSBC Foils Plan by Major Investor to Break Up Bank
HSBC managed to stop the attempt of the largest shareholder of this financial institution to divide the bank during the annual general meeting, which rarely takes place in an atmosphere of goodwill and absolute peacefulness.
Finance & Economics
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