JP Morgan analyst Reginald L. Smith noted that 2024 was a tale of two halves for fintech stocks. After a lagging start to the year, the aggregate market cap of the analyst’s fintech coverage universe has increased more than $65 billion...
The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial intelligence (AI) systems.
The new measures, unveiled by...
FinTech and crypto investor Marc Andreessen kicked off a firestorm over the weekend by alleging, on Joe Rogan’s podcast, that those two sectors — and dozens of companies backed by his namesake firm, Andreessen Horowitz — were being fundamentally “debanked” by U.S....
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.
“The idea that the BRICS Countries are trying to move away from the...
Payless launches its game-changing Bank-to-Payless feature, redefining youth-friendly mobile payments in Kenya.
The feature simplifies direct transfers, reflecting Kenya’s rapid adoption of fintech and mobile banking solutions.
With a young, tech-savvy customer base in mind, Payless is positioning itself as the next big thing in African fintech.
Swiping Right...
DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday.
The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure is effective immediately.
Jeep-maker Stellantis said its process to...
The deal will give the building society millions of customers and about £89 billion in assets. First announced in May, the acquisition is expected to complete on 1 January 2025 after Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) approval.
The process of joining the two is expected...
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e& Enterprise, the digital services provider in the Middle East, is joining forces with Cloudera, the hybrid platform for data, analytics, and AI, in a move to accelerate digital transformation using advanced AI and data management capabilities to foster innovation and...
Book bargain hunters will be disappointed to learn Costco plans to stop selling books at most of its U.S. stores at the beginning of the year.
In January, Costco will remove the store’s popular book section from...
The inclusion of the Norwegian krone in Tips is planned for the first half of 2028, following the Swedish krona and Danish krone, which will arrive next year.
The move will enable market participants in Norway to...