World
Italy opens greenwashing probe into Shein website
GERMANY – 2024/08/16: In this photo illustration, a smartphone with the website of fashion e-commerce company Shein is seen in front of business logo. (Photo Illustration by Timon Schneider/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Italy’s antitrust agency has launched an investigation into a Dublin-based company that operates Shein’s website […]
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Caroline Ellison faces sentencing in FTX fraud case after testifying against SBF: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Paul Tuchmann […]
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Surging AI demand could cause the world’s next chip shortage, report says
Georgijevic | E+ | Getty Images A surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according to a report released Wednesday by consultancy Bain & Company. The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise […]
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Mortgage refinance boom takes hold, as weekly demand surges 20%
A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one year […]
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Google files EU antitrust complaint accusing Microsoft of stifling cloud competition
Jakub Porzycki | Nurphoto | Getty Images Google filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry. At the heart of Google’s complaint is the allegation that Microsoft uses unfair licensing terms to “lock in” clients and exert control […]
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U.S. Senate committee faults Boeing safety practices, FAA oversight
Boeing CEO Dave Calhoun testifies before a subcommittee of the Senate Energy and National Resources Committee on the company’s safety culture, following a number of recent incidents on Boeing airplanes, Washington, DC, June 18, 2024. Allison Bailey | Afp | Getty Images A U.S. Senate panel investigating Boeing‘s safety culture on Wednesday faulted the planemaker’s […]
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Bettina Orlopp: The woman tasked with leading Commerzbank amid UniCredit takeover battle
Bettina Orlopp, chief financial officer of Commerzbank AG, speaks during a fourth quarter earnings news conference at the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 13, 2020. Alex Kraus | Bloomberg | Getty Images Commerzbank announced Tuesday it has picked 10-year veteran, and current Chief Financial Officer Bettina Orlopp to helm the bank as […]
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German Greens leadership quits after series of election blows
25 September 2024, Berlin: The German Green Party leaders Omid Nouripour and Ricarda Lang resign. Photo: Fabian Sommer/dpa (Photo by Fabian Sommer/picture alliance via Getty Images) Fabian Sommer | Picture Alliance | Getty Images The joint leaders of the German Greens, Omid Nouripour and Ricarda Lang said they would step aside, making way for a […]
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Meet the ex-Goldman wealth advisor who quit to solve Britain’s £567 billion gender investment gap
Ayesha Ofori, founder and CEO of Propelle. Propelle Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain’s gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched […]
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Britain’s Rightmove rejects $8.1 bln sweetened bid from Australia’s REA Group
The Rightmove Plc app on an App Store page on a smartphone arranged in London, UK, on Monday, Sept. 2, 2024. Bloomberg | Bloomberg | Getty Images British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company. “The […]
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