Month: November 2024
Social media creators turn to subscription apps due to increasingly competitive, volatile content economy
Social media creators are turning to monthly subscription services to generate revenue directly from their followers in an attempt to find a stable source of income in an increasingly competitive and volatile market. The creator economy peaked in September 2021, according to research published this month by the Bank of America Institute. While the average […]
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Britain’s finance watchdog sets out plan to implement crypto regulation regime by 2026
Mustafa Ciftci | Anadolu | Getty Images The British financial services watchdog on Tuesday set out a plan to implement a wide-reaching regulatory regime for the cryptocurrency industry by 2026. The Financial Conduct Authority (FCA), which oversees banking and investment products in the U.K., unveiled a timeline detailing key dates and milestones it’s working toward […]
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Banco BPM says UniCredit’s ‘unusual’ $10.5 billion takeover offer does not reflect its profitability
A Banco BPM SpA bank branch in Milan, Italy, on Friday, Nov. 15, 2024. Bloomberg | Bloomberg | Getty Images Italian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability. The 10 billion-euro ($10.52 billion) bid presented by UniCredit on Monday was not previously agreed […]
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Amgen says obesity drug caused up to 20% weight loss after a year, with no plateau
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a year in a critical mid-stage trial, as the company races […]
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Trump’s tariff threats signal the start of a wild ride in currency markets
President-elect Donald Trump’s vow to implement additional tariffs on China, Canada and Mexico on day one of his presidency signals the start of a wild ride in currency markets, strategists say, warning it would be risky for investors to underestimate the impact on foreign exchange rates. Trump said Monday he would sign an executive order […]
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How Bluesky rose out of Twitter’s ashes to challenge X and Threads
Rose Wang, COO of Bluesky. Courtesy: Bluesky It only took a high-profile U.S. presidential election to introduce millions of people to Bluesky. The micro-blogging startup said it has gained 8.7 million new users since Election Day, underscoring consumer appetite for an alternative to Elon Musk’s X, formerly known as Twitter, and Meta’s Threads. And while these […]
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Crypto market sheds $180 billion in a day as bitcoin slides further from $100,000 milestone
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | Reuters The price of Bitcoin price retreated further from the psychologically important $100,000 milestone, as investors booked profits from the token’s post-U.S. election gains. The world’s largest cryptocurrency by market capitalization was trading down 6.2% at a price of […]
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Orange partners with OpenAI, Meta to develop custom African-language AI models
The logo of telecoms giant Orange displayed at Mobile World Congress 2024 in Barcelona, Spain. Joan Cros | Nurphoto via Getty Images French telecoms giant Orange on Tuesday said it’s partnering with Microsoft-backed OpenAI and Facebook-owner Meta to build custom artificial intelligence models designed to better understand regional African languages. Orange said it’s working with […]
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Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters Millions of Americans with obesity would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday […]
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Huawei launches first phones capable of running its new self-developed operating system
Huawei launched the Mate 70 series in an event in Shenzhen on November 26, 2024. The phones are the first capable of running Huawei’s new operating system called HarmonyOS NEXT. Huawei Huawei on Tuesday launched the Mate 70 series of smartphones that can run on the company’s latest self-developed operating system, as the Chinese giant […]
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