General Catalyst Makes First Investment Into Saudi Arabia
General Catalyst, a Silicon Valley venture capital company, has made its first investment in Saudi Arabia.
News - page 7
Wealth Management Firms in US to Double AI Budgets
Projections indicate that AI will account for 37% of US wealth management firms’ IT spending in the next 3-5 years, up from 16%.
Jack Dorsey’s Block to Focus More on Bitcoin Mining
Block (former Square), led by Jack Dorsey, is ramping up investments to expand its reach in small business services and bitcoin mining tools.
90% Payment Cards to Be Sustainable by 2029
It is expected that in mere five years, most of the payment cards issued by global payment providers will be made of sustainable materials such as recycled or bio-sourced PVC, recycled metal, and sustainably sourced wood.
LightOn to Become Europe’s First Listed GenAI Startup
The French startup LightOn, which operates in the area of generative artificial intelligence, has launched an initial public offering (IPO) of shares on the Euronext Growth market in Paris.
Chipmaker Kioxia Files for IPO
Bain Capital-backed Kioxia filed for an initial public offering (IPO) of shares last Friday, November 8th.
PNC Bank Increases Investment in New Branch Locations
PNC Bank has increased the number of new branch locations and renovations that this financial institution intends to complete over the next five years.
GenWise Teams Up With Axis Bank to Bring UPI Payments to Senior Citizens in India
GenWise aims to empower India’s elderly population with the speed and convenience of UPI digital payments in its app-based online club for senior citizens.
China Announces $1.4 Trillion Debt Package
China on Friday, November 8, announced a five-year package of measures totaling 10 trillion yuan ($1.4 trillion), designed to solve the debt problems of local governments.
Tesla Hits $1 Trillion Market Value
Tesla’s market capitalization indicator on Friday, November 8, breached the $1 trillion mark amid a sharp increase in the value of the company’s shares, which is due to the fact that its chief executive officer Elon Musk supported Donald Trump, who became the winner of the United States presidential election.
Ecobank & Nium to Unlock Real-Time Cross-Border Payments for African Markets
Collaboration with Nium will allow Ecobank’s 32 million customers to access faster and more efficient international transactions without complex integrations.
Share Energy Customers Can Top Up Energy Bills at PayPoint
Northern Ireland electricity supplier Share Energy partnered with PayPoint – a business offering a system for paying energy bills at local convenience stores.
UK Fintech Firm Wise Posts Jump in Profit
The United Kingdom-based fintech company Wise, which specializes in providing digital payment services to consumers, reported profit growth in the first half of the 2025 fiscal year.
Rohlik Partners With Amazon in Germany
Czech Republic-based online grocer Rohlik Group will partner with Amazon for e-grocery services in Germany.
Arm Reports Earnings Forecast
Chip developer Arm Holdings last Wednesday, November 6, released a forecast for its revenue in line with Wall Street targets, against which the value of the brand’s shares fell by 4.5%.
Qualcomm Reports Earnings
Qualcomm last Wednesday, November 6, released data on its earnings for the last quarter.
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