News - page 58

Finance & Economics

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.

Finance & Economics

Spirit Airlines Files for Bankruptcy

On Monday, November 18, Spirit Airlines filed for bankruptcy protection.

Fintech & Ecommerce

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.

Science & Technology

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.

Blockchain & Crypto

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.

Fintech & Ecommerce

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.

Finance & Economics

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.

Fintech & Ecommerce

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.

Fintech & Ecommerce

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.

Finance & Economics

Travel Startup Tourlane Raises $26 Million

Berlin-based startup Tourlane, which operates in the area of travel, raised investment funds for 25 million euros ($26 million).

Science & Technology

US Finalizes $6.6 Billion Chips Award for TSMC

The United States Commerce Department on Friday, November 15, announced that it finalized a $6.6 billion government subsidy for the US unit of Taiwan Semiconductor Manufacturing Co (TSMC).

Science & Technology

Elon Musk Expands Lawsuit Against OpenAI

It has become known that Elon Musk has expanded his lawsuit against OpenAI, the developer of the world’s most popular artificial intelligence-based chatbot called ChatGPT.

Fintech & Ecommerce

Alibaba Reports Earnings

Chinese e-commerce giant Alibaba on Friday, November 15, released information about its earnings for the third quarter of 2024.

Finance & Economics

Fed’s Susan Collins Says About Prospects of December Rate Cut

Federal Reserve Bank of Boston President Susan Collins on Friday, November 15, during a conversation with media representatives, stated that cutting interest rates in the United States in December remains on the table, noting separately in this context that the relevant decision of the US financial regulator will be based on the coming data on […]

Finance & Economics

China’s Stimulus Measures Raise Domestic Consumption

For China, the fourth quarter of the current year began and continues as a period of a more balanced condition of the local economic system, which in recent years has been facing various challenges that have a significant sensitive impact on the situation in the relevant space.

Science & Technology

Palantir Shares Demonstrate Growth

The shares of Palantir Technologies Inc., an artificial intelligence software developer, confidently resist the skepticism of Wall Street analysts, who doubt the justification for the high market capitalization of this company and do not show enthusiasm in the context of assessing the prospects for sustainable revenue growth of the firm.