Shein faces investor pressure to slash valuation to $30 billion ahead of London IPO
Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing,…
HK comments leave the door open to use of cryptocurrencies as proof of wealth
The Hong Kong government has responded for the first time to questions about the use of cryptocurrencies as proof of…
Crypto scams likely set new record in 2024 helped by AI
The rise of “pig butchering” scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams…
Nvidia shakes up stock portfolio, cratering Serve Robotics and sending WeRide soaring
Nvidia (NVDA) on Friday disclosed its latest equity holdings, and the reveal led to some wild swings in the fortunes…
Bitcoin price recovers slightly ahead of Trump-Putin talks
Bitcoin (BTC-USD) edged up by about 1% on Thursday, climbing to $96,535 (£77,328). The cryptocurrency’s intraday range spanned from approximately…
AI to transform wealth management, Microsoft executive says
Artificial intelligence will bring major upheaval to wealth management, a Microsoft executive said, as the technology’s potential to process information…
Starbucks to Open 500 Stores in Middle East in Next Five Years
Starbucks Corp. plans to expand in the Middle East, adding hundreds of new stores, as the global coffee chain seeks…
Meta to show rival ads providers on Marketplace after EU antitrust fine
Meta Platforms will allow rival classified ads service providers to list ads on Facebook Marketplace, the company said on Thursday,…
Japan’s Mazda plans $150 million investment in Thailand EV production
Mazda Motor Corp plans to invest 5 billion baht ($150 million) in Thailand to produce electric compact sport utility vehicles,…
German regulator charges Apple with abuse of power over app tracking tool
The German antitrust authority has charged Apple with abusing its market power through its app tracking tool and giving itself…