Month: June 2024
China and India lead the charge as digital wallets overtake cash and cards in Asia
Consumers from China and India were the biggest users of digital wallets for both online and physical sales. D3sign | Moment | Getty Images Digital wallets are the fastest growing payment method in the world, and Asia is leading the charge, according to the latest report by payments processing firm Worldpay. Globally, digital wallets accounted […]
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Revolut moves global HQ to heart of London’s financial district as it awaits UK bank license
A mockup of what Revolut’s new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup. Revolut British financial technology firm Revolut announced Thursday that it’s planning to move its […]
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CNBC Daily Open: Fed signals just one rate cut
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 2, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they […]
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Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals. Bloomberg | Getty Images AMSTERDAM — The financial technology industry is embracing a new normal — with some industry executives and investors believing the sector has reached […]
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A staggering 90% of employees in the UK are ‘quiet quitting’ as they seek out other opportunities, Gallup report says
People walk through the Canary Wharf financial district of London, Britain. Simon Dawson | Reuters The U.K. has a serious problem. Only 10% of U.K. workers were found to be feeling engaged with their jobs, according to Gallup’s new State of the Global Workforce 2024 report, with the country trailing behind the U.S. and several […]
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White Household to nominate Goldsmith Romero quickly, aiming for July listening to, suggests Reuters supply
The Federal Deposit Insurance policies Corp. headquarters in Washington, DC, U.S., on Monday, May possibly 20, 2024. The White Household will nominate marketplaces regulator Christy Goldsmith Romero as Federal Deposit Insurance Company chair imminently as it targets the week of July 8 for her initial hearing, a individual with direct information of the matter stated on […]
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Chinese EV stocks surge after EU slaps up to 38% additional import tariffs
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on May 3, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Chinese electric vehicle makers mostly surged on Thursday morning after the European Union announced higher tariffs of up […]
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Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks’ Data and AI Summit in San Francisco on June 12, 2024. Jordan Novet | CNBC Databricks, the data analytics software vendor that’s among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 […]
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Inside Neuroelectrics, the brain science start-up hoping to curb epilepsy and depression
The following is a transcript of the video. High up in the hills of the Catalan capital, Neuroelectrics is developing therapies that it says will improve the lives of people living with brain disease. The group manufactures around 400 devices which it ships to 75 different countries worldwide each year. Everything from research to production […]
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Singapore wants to revive its stock market. Could major Asian markets have the answers?
Auditorium of the Singapore Exchange (SGX). Roslan Rahman | AFP | Getty Images For years, Singapore’s regulators have been trying to boost the attractiveness of its stock exchange. The city-state’s economy may be larger than Hong Kong’s, but the total value of listed companies on the Singapore Exchange is about 7 times smaller. The total […]
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