Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement. Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department,...
Two-thirds of businesses across Europe believe that legacy banks are too slow to meet their financial needs, according to a new survey conducted by global financial app Revolut Business and market research firm Dynata. The survey also found that nearly 80 per cent of businesses have faced issues with high fees, slow transactions...
European stocks are expected to open positive territory Wednesday, with global markets focused on upcoming U.S. inflation data. The U.K.’s FTSE 100 index is expected to open 36 points higher at 8,056, Germany’s DAX up 38 points at 19,081, France’s CAC up 11 points at 7,356 and Italy’s FTSE MIB up 68 points at 33,335, according to data...
New research from banking and financial services company, Virgin Money has found that there is a gap between SME decision makers’ awareness of environmental, social and governance (ESG) targets and the actions being taken to achieve them. Virgin Money found that 71 per cent of decision-makers acknowledge that adopting ESG practices is important...
SoftBank Group Corp. will be the first to build a supercomputer with chips using Nvidia Corp.’s new Blackwell design, a demonstration of the Japanese company’s ambitions to catch up on AI. SoftBank’s telecom unit plans to build Japan’s most powerful AI supercomputer to support a wide range of local services,...
Ark Invest CEO Cathie Wood sees a bright future ahead with President-elect Trump's return to the White House and predicted over the weekend that his policy agenda will likely usher in economic growth not seen in decades. In a post-election message to investors released Sunday, Wood likened America's current economic...
New research from banking and financial services company, Virgin Money has found that there is a gap between SME decision makers’ awareness of environmental, social and governance (ESG) targets and the actions being taken to achieve them. Virgin Money found that 71 per cent of decision-makers acknowledge that adopting ESG practices is important...
Hong Kong’s Hang Seng index dropped 2.76%, while mainland China’s CSI 300 fell 0.66%. Australia’s S&P/ASX 200 closed 0.13% lower at 8,255.6. South Korea’s Kospi fell by 1.83%, while the Kosdaq Index dropped 2.56%. Japan’s Nikkei 225 slipped 0.57% while the Topix traded around the flatline. Traders in Asia-Pacific also assessed economic data from the region, including a survey...
Singapore’s FOMO Pay has teamed with Mastercard to debut a tap-on-phone payment solution. FOMO SoftPOS, announced Friday (Nov. 8), lets merchants accept contactless card payments directly on their smartphones with the FOMO Pay app from the Google Play Store. The companies noted in a news release that Singapore is the first...
Asia-Pacific markets fell Monday after China’s latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected, prompting concerns over the recovery in the world’s second-largest economy. Beijing announced a five-year stimulus package worth...
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