Deutsche Bank has agreed to buy UK broker Numis for £410mn as Germany’s biggest bank bets on a rebound in a London market that has struggled in recent years. In a surprise deal announced on Friday, Deutsche said it would pay 350p a share for Numis, which advises almost a fifth of companies in the
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Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not be stopped, and that the future of traditional international institutions like the International Monetary
The head of the world’s largest sovereign wealth fund has called on governments to speed up the regulation of artificial intelligence as it revealed it would set guidelines for how the 9,000 companies it invests in should use AI “ethically”. Nicolai Tangen, chief executive of Norway’s $1.4tn oil fund — which owns on average 1.5
One thing to start: BBC directors have raised concerns that chair Richard Sharp’s position is becoming untenable after they were briefed on the investigation into his appointment, adding to pressure for his resignation as early as Friday. In today’s newsletter First Republic on the rocks Creditors square off over Serta Wall Street risks losing its
Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need bitcoin.” While many bitcoiners have welcomed Saylor’s suggestion, a few critics have said the top crypto asset’s volatility makes it an unsuitable alternative for the faltering local currency. The Dollarization Option As the Argentinian currency — the peso
Chanel has ruled out an initial public offering, insisting that it can hold on to its privately owned status and remain the world’s second-biggest luxury brand. “We’re going to stay a private, independent company,” Leena Nair, the French company’s global chief executive, said. “Rumours always float around, but you can put those to rest.” Wearing
“Whistleblowing is good for business — responding effectively to concerns can save money and reputations and increase staff loyalty and productivity,” says a guide for employers produced by charity Protect. No kidding. The CBI is fighting for survival following rape and sexual harassment allegations, the loss of (or suspension of engagement from) approaching 100 of
Something troubling is happening to staffing in Britain’s national health service. Despite steady upward trends in the numbers of new doctors and nurses, vacancies continue to rise. In short, the NHS has developed a leak. And it’s not an easy one to mop up, since it frequently drips into other countries. According to the latest
Jenni Kayne sold her Santa Ynez Ranch this week for $6 million. The Los Angeles-based designer bought the 20-acre property in September 2020 and spent two years infusing the home with the signature style, neutral color palettes and natural materials that has made her skincare, clothing and home-offering lines famous. Kayne said the renovations were
A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent scheme involving Bitcoin (BTC). An April 27 statement from the Commodity Futures Trading Commission (CFTC) said Texas District Court Judge Lee Yeakel ordered Cornelius Johannes Steynberg to pay the sum
Donald Trump has warned that the U.S. dollar is crashing and soon will “no longer be the world standard.” The former president of the United States further warned that “we are very close” to a third world war happening. “Joe Biden has led us to the very brink of World War III,” he stressed. Trump
Rich Dad Poor Dad author Robert Kiyosaki has warned of economic chaos, a war breaking out, hyperinflation, and rising starvation. Commenting on de-dollarization on a “massive scale,” he stressed: “It’s a weaponization of our U.S. dollar against the world … It’s all coming down fast right now.” Robert Kiyosaki on De-Dollarization on ‘Massive Scale’ The
Amazon reported better than expected sales and profits in the March quarter despite persistent inflation and a weakening economic environment that analysts had feared would result in softer spending among consumers and enterprise cloud customers. Revenues grew 9 per cent to $127.4bn, ahead of forecasts of $124.6bn, according to S&P Capital IQ. Sales at Amazon’s
The BBC is stuck in a “yesteryear” TV and radio era and needs more resources and regulatory certainty in order to compete in the global digital media market, MPs have warned. The broadcaster was contending with international rivals that have no public-service remit in a race to engage new audiences, according to a report by
BBC directors have raised concerns that chair Richard Sharp’s position is becoming untenable after they were briefed on the investigation into his appointment, adding to pressure for his resignation as early as Friday. The BBC board met this week to discuss the independent inquiry by the Office of the Commissioner for Public Appointments into Sharp’s
On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to the agency’s previous approval of
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto regulatory pathway A few months after prominent industry players lamented the lack of registration pathways for cryptocurrency exchanges in Hong Kong, some respite may finally be on the horizon. On Apr. 27, Julia
Amazon reported better than expected sales and profits in the March quarter, despite persistent inflation and a weakening economic environment that analysts had feared would result in softer spending among consumers and enterprise cloud customers. Overall revenues grew 9 per cent to $127.4bn, ahead of forecasts of $124.6bn, according to S&P Capital IQ. Sales at
In this article FSLR SNAP INTC AMZN Follow your favorite stocksCREATE FREE ACCOUNT A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. Nurphoto | Nurphoto | Getty Images Check out the companies making headlines after hours. Amazon – Amazon jumped 7%
The launch of ‘Robinhood Connect,’ a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO — Robinhood (@RobinhoodApp) April 27, 2023
The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government to internationalize its currency for payments. Chinese Yuan Used to