The U.K. is facing criticism for its lackluster efforts in commercializing technology businesses on a global scale. Warren East, former CEO of British chip design firm Arm, highlighted the need for a mindset shift within the investor community to ensure success on the world stage. East pointed out that there has been a trend of
Finance
The debate surrounding the Federal Reserve’s upcoming meeting is heating up, with opinions divided on whether a jumbo 50 basis point rate cut is necessary. Michael Yoshikami, CEO of Destination Wealth Management, believes that a bigger cut would show the central bank’s readiness to take necessary action without indicating deeper concerns about a broader economic
China recently released its consumer price index data for August, showing a 0.6% year-on-year increase. This figure fell short of expectations, with forecasts predicting a 0.7% rise. The report highlighted that costs of transportation, home goods, and rents experienced declines during this period. One notable aspect of the report was the 2.8% year-on-year increase in
Seven & i Holdings has recently rejected a takeover bid from Canadian convenience store operator Alimentation Couche-Tard, claiming that the offer does not benefit its shareholders and stakeholders. The proposal, which offered to acquire all outstanding shares of Seven & i for $14.86 per share, was deemed as “opportunistically timed and grossly undervaluing” Seven &
In 2024, exchange-traded fund (ETF) inflows have reached record highs, surpassing previous monthly records. This surge in inflows has caught the attention of industry experts, who believe that the money market fund boom could play a crucial role in shaping ETF flows for the rest of the year. Nate Geraci, the president of The ETF
Yi Gang, the former head of the People’s Bank of China, emphasized the importance of boosting domestic demand in China during the Bund Summit in Shanghai. According to Yi, policymakers should concentrate on combating deflationary pressure and improving domestic demand. This involves addressing issues in the real estate market, local government debt, and restoring societal
Visa recently announced its plans to launch a dedicated service for account-to-account (A2A) payments in Europe, which will skip the traditional credit card and direct debit processes. This new service will allow users to set up direct debits on merchants’ e-commerce platforms with just a few clicks, providing them with more control and security over
The British financial technology firm, Zilch, recently announced a significant milestone in its journey by reporting its first-ever month of profit. This achievement is remarkable considering the competitive landscape it operates in, going head-to-head with industry giants like Klarna and Block in the buy now, pay later space. Zilch managed to reach profitability within just