European VC Funding Down to $45B in 2024
Startups across the European region are projected to raise $45 billion from VC sources in 2024, a slight drop from the revised $47 billion in 2023.
News - page 26
JPMorgan UK Digital Bank Reportedly Introduces First Credit Card
The media reports that the digital bank, which is based in the United Kingdom and at the same time is part of the ownership structure of JPMorgan Chase, the largest financial institution in the United States by assets, presented its first credit card.
New Nvidia AI Chips Reportedly Overheat in Servers
Media reports that Nvidia’s new Blackwell AI chips have encountered problems with accompanying servers that overheat.
Walmart Shares Demonstrate Significant Growth
The value of Walmart shares is currently showing the most intense annual growth in the last two decades.
Nomura Expects Fed to Pause Rate-Cut Cycle
Experts at the Japanese financial company Nomura expect that the Federal Reserve will not decide on cutting interest rates at its monetary policy meeting next month.
QR Codes Take 20% of All Online Scams
QR codes have recently become one of the most common tools for committing crimes among scammers who operate in the virtual space.
Goldman Sachs to Spin Out Digital Asset Platform
Goldman Sachs plans to spin out its digital asset platform in a move aligned with its strategy to scale back direct involvement in retail cryptocurrencies and support blockchain-based ventures.
Brazil Development Bank Inks $3B AIIB Deal
Collaboration between Brazil’s development bank, BNDES, and the Asian Infrastructure Investment Bank (AIIB) aims to promote economic growth and environmental sustainability in Brazil.
Spirit Airlines Files for Bankruptcy
On Monday, November 18, Spirit Airlines filed for bankruptcy protection.
Revolut to Launch Licensed Stock Trading in UK, EU
Revolut received a trading license from UK financial authorities, allowing it to compete with established trading platforms in the region.
ByteDance Reaches $300B Valuation
TikTok’s parent company, ByteDance, recovered from a prior valuation of $223 billion, although it’s still below the $400 billion peak of 2021.
Hedge Funds Millennium, Capula, Tudor Expand Bitcoin ETF Exposure
Amid the election-driven price volatility, certain hedge funds have leveraged the price gap between spot Bitcoin and its futures contracts to execute profitable trades.
Discover and Telered Partner to Improve Payment Experience in Panama
Discover Financial Services and Telered, the main operator of electronic transactions and payment methods in Panama, have entered into a partnership aimed at improving the quality of payment operations for residents of the mentioned country, local merchants, and visitors.
IFC Boosts Climate Financing in Vietnam to Propel Green Transition
The International Finance Corporation (IFC) has scaled up its climate financing in Vietnam, to strengthen private sector resilience and green economic growth.
Staples Partners With Klarna, Helping Consumers to ‘Work Now, Pay Later’
Staples established cooperation with Swedish BNPL provider Klarna to offer flexible payment options for customers purchasing office essentials.
Retailers Are Top Green Investors in US
Retailers have emerged as unexpected leaders in green investments among different U.S. industries, contributing almost $33.6 billion in green technology or clean energy in Q2 of 2024.
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