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Meta to diversify beyond advertising with a $10 billion Anthropic compute lease deal.
Apple overtakes Nvidia to become the world’s most valuable company as investors reassess AI’s impact.
JPMorgan, led by Dimon, is poised to become the first bank globally to surpass $1 trillion in assets.
BlackRock’s assets reached a record $15 trillion thanks to ETF inflows and strong markets.
Stripe, Advent bid to acquire PayPal for over $53 billion.
Hungary’s Magyar Fejlesztési Bank gets a €2 billion capital injection with the EU’s approval.
SoftBank, PayPay to rescue Seven & I with $2 billion investment.
UK to regulate BigTech firms to safeguard financial stability.
Swift launches a blockchain ledger with an initial 16 banks to move “tokenized” funds 24 hours a day.
Bank of England says AI poses a growing threat to financial stability.
Energy firms, hedge funds, and commodities traders are increasingly using financial products that allow them to wager on the weather in an effort to hedge
The Federal Trade Commission put up a proposal on Wednesday to outlaw any fictitious junk fees that may be used to inflate the price of
A government report was released by China that promotes the 10-year-old Belt and Road Initiative while downplaying accusations that it has burdened developing nations with
A recent report by the national trade association for the industry shows that the casino gaming sector in the United States generates about $329 billion
The World Bank announced on Monday that it is exploring methods to increase the commercial loan guarantees it offers in order to increase the amount
A financial crisis that has brought numerous nations to the verge of default will force budget cuts of $220 billion on some of the world’s
Heavyweights in OPEC stated on Sunday that the industry had a part to play in a smooth energy transition and that oil and gas should
As investors closely monitor events in the Middle East to assess geopolitical risk to markets, the violence in Israel will probably cause a shift into
As a competitor to SpaceX’s broadband network, Amazon launched the first test satellites for their upcoming internet service on Friday. The launch of the two
A senior government official said on Friday that South Africa’s first virtual electricity transfer model will likely go online by the end of the year,
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