Month: May 2024
Dubai bling: Billions of dollars worth of African gold is being smuggled into the UAE each year, research finds
A worker lifts a gold bullion bar from a conveyor machine at the Rand Refinery plant in Germiston, South Africa, on Aug. 16. 2017. Waldo Swiegers | Bloomberg | Getty Images DUBAI, United Arab Emirates — Each year, as much as $35 billion worth of gold produced by artisanal and small-scale mining in Africa — […]
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Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank
From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it’s raised 34 million euros ($36.9 million) from leading European banks, including UBS and Commerzbank. Doconomy, which offers tools to help bank customers […]
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L’Oreal says it’s working on a form of bioprinted skin that can actually ‘feel’
L’Oreal says it is working with start-ups and research institutions to bioprint skin that can actually “feel.” L’Oreal PARIS, France — French beauty and cosmetics giant L’Oreal is working on a form of synthetically produced skin that it says will one day be able to “feel” like we do. At the Viva Technology conference in […]
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South Korean tech conglomerate SK Inc. surges 16% soon after chair’s $1 billion divorce settlement
Chey Tae-gained, billionaire and chairman of SK Team, prepares to leave soon after speaking through the Nikkei Discussion board Upcoming of Asia in Tokyo, Japan, on Thursday, May 23, 2024. Kiyoshi Ota | Bloomberg | Getty Photographs Shares of SK Inc., just one of South Korea’s major conglomerates, surged as much as 16% on Thursday […]
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South Africa’s ruling ANC set to lose majority in pivotal vote, early projection shows
Residents line up to cast ballots in the national election on May 29, 2024 in Matatiele, South Africa. J. Countess | Getty Images News | Getty Images South African’s governing African National Congress appears set to lose majority control in the country’s most seismic political transition since the end of the apartheid. Early indications from […]
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BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%
Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs […]
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UBS overhauls wealth management leadership in wider board shake-up
The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. Daniel Leal | AFP | Getty Images LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following […]
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Orange juice prices are going through the roof — forcing some makers to consider alternative fruits
Oranges are collected in a trolley at an orchard in Arcadia, Florida, on March 14, 2023. In Florida, the world’s second largest producer of orange juice after Brazil, orchards have been suffering from a citrus tree disease, Huanglongbing (HLB), for the last 17 years. Chandan Khanna | Afp | Getty Images Orange juice prices have […]
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Ukraine war live updates: Russia says China could hold peace talks; Ukraine thanks Sweden for $1.2 billion in military aid
A dormitory of the Novokramatorsk Machine-Building Plant is heavily damaged by a Russian missile strike on May 29, 2024 in Kramatorsk, Donetsk Oblast, Ukraine. Global Images Ukraine | Global Images Ukraine | Getty Images Russian Foreign Minister Sergey Lavrov suggested on Thursday that China could hold peace talks to resolve the Ukrainian crisis, praising Beijing […]
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Amazon Prime now includes a Grubhub food-delivery subscription
An Amazon worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Amazon is offering Prime members free Grubhub subscriptions in its latest effort to sweeten the perks of the $139-a-year loyalty program. The e-commerce giant previously gave Prime members a yearlong subscription […]
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