Lloyd’s of London Launches Consultation to Transit to Net Zero
Lloyd’s, the London-based marketplace for insurance and reinsurance, has launched a consultation on its roadmap towards net zero goal.
News - page 164
Trafalgar & Thought Machine to Create a Mexico-Based FinTech
Trafalgar will use Thought Machine’s core banking platform to develop a suite of additional financial services, including digital cards, POS systems, digital authentication, and more, for the new Mexico-based FinTech
Singapore Tightens Crypto Regulation
The Monetary Authority of Singapore (MAS) introduces new investor protection measures for crypto service providers to discourage cryptocurrency speculation among retail customers.
Binance Investors Pull $956M After Changpeng Zhao Steps Down
Crypto exchange Binance saw about $956 million in outflows in 24 hours after its CEO, Changpeng Zhao, stepped down, pleading guilty to settle a years-long U.S. illicit finance probe.
TikTok Mulls Tokopedia Investment for New E-Commerce Platform
TikTok is reportedly considering an investment into Tokopedia, a unit of Indonesia’s GoTo Group, to revive its e-commerce service in Southeast Asia’s largest retail market.
Climate Alpha Raises Seed Funding to Help Real Estate Sector Analyze Climate Change Impact
Singaporean startup Climate Alpha uses AI to enable real estate owners and investors to analyze the impact of climate change on their portfolios.
Klarna Wins Regulatory Approval in UK
Klarna Bank AB in the United Kingdom has received permission from the local regulator, which provides an opportunity to offer lending services and financial products related to payments to consumers in this country.
UK Government to Consider Sale Stake in NatWest
Jeremy Hunt, the chancellor of the exchequer, said that the Government of the United Kingdom will explore the possibility of selling its stake in NatWest Group and has intentions to offer the shares to the public if the appropriate decision is made.
Chinese Zhongzhi Enterprise Group Says About Its Huge Debt
The largest Chinese asset management company Zhongzhi Enterprise Group (ZEG) has informed investors that it is no longer able to pay its bills.
Global Smartphone Sales Show Growth
In October, for the first time in 27 months, the global smartphone market recorded an increase in sales volumes on an annualized basis.
AI Startup Cohere CEO Criticizes Movement for Self-Righteousness
Aidan Gomez, CEO of the startup Cohere, which operates in the sphere of artificial intelligence, in his letter addressed to the employees of this company, in negative terms criticized the movement for effective altruism.
OpenAI Drama Ends With Sam Altman Comeback as CEO
After a turbulent week of tough leadership change decisions, OpenAI has reached an agreement with Sam Altman to come back as CEO under a new managing board.
White House Gives $50 Million to Small Businesses
The Administration of the President of the United States Joe Biden announced the provision of new financial assistance to those representatives of the small business sector who are in an underserved area.
Standard Chartered Reduces Its Investments in Government Securities of Kenya
Standard Chartered Bank Kenya Ltd. has reduced the volume of its financial injections in government securities of this East African country by 52% during the period when investment activity allows for significant profits.
Jeremy Hunt Says About Downgrade of UK Growth Forecast
The chancellor of the exchequer Jeremy Hunt announced a deterioration in the forecast of economic growth in the UK.
Nvidia’s Revenue Demonstrates Growth
Nvidia has released its financial results for the quarter ended October 29.
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