The UK’s Department for Business and Trade has revealed that venture capital fund managers who have signed up to the government’s ‘Investing in Women Code’ are more likely to invest in female founders. Just shy of a third (32 per cent) of all venture capital deals made by Investing in Women Code signatories were in female-founded companies […]
Rapid technological advancements and regulatory shifts are hindering operational efficiencies in the fintech sector according to research by Future Finance, the financial services supporting body. Looking to drive innovation in the face of these challenges, Future Finance is leading a new initiative. In this programme, Future Finance will support businesses with the skills and insight […]
Singapore-based fintech Xalts is joining forces with smart contracts platform Avalanche, in a move to support financial services, governments, and other enterprise developers in building digital asset platforms for implementing blockchain, tokenisation, and smart contract applications. Xalts explained that, through its partnership with Avalanche, it will provide out-of-the-box solutions for various use cases such as the tokenisation of […]
Manual processing and error rates can be extremely costly for investors. Looking to cut down on the price they need to pay to remedy these mistakes while giving them more alternative investment options, global financial services company, the Bank of New York Mellon Corporation (BNY), has launched Alts Bridge.Alts Bridge is a comprehensive data, software, […]
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs picture and inflation softening, the central bank’s Federal Open Market […]
Tupperware, known the world over for its plastic food storage containers, has filed for bankruptcy after years of falling popularity and financial troubles. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman, president and CEO of Tupperware Brands Corporation, said in a statement […]
As much as 80 per cent of payment leaders worldwide believe their company requires a complete overhaul of their payment technology stack, according to new research from Primer, the unified infrastructure for global payments. Unsurprisingly, Primer revealed that 75 per cent of payment professionals expect that payments will become more critical to their organisations over […]
Following the experimentation phase of a new ‘UK Regulated Liability Network’ (RLN), UK Finance, the British trade association for the UK banking and financial services sector, has revealed that such a platform could deliver economic value and support innovation in the market. Since April 2024, UK Finance has worked alongside eleven of its members and six […]
Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power them. The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, or GAIIP, which was announced in a press release on Tuesday. […]
Sept 17 (Reuters) – The trial where U.S. anti-trust regulators made their case to block Kroger’s (KR.N), opens new tab $25 billion bid to buy rival grocer Albertsons (ACI.N), opens new tab will conclude on Tuesday, but the deal’s legal challenges have just begun, with two more trials this month to hear complaints the merger […]
Microsoft Corp. unveiled a new $60 billion stock-buyback program, matching its largest-ever repurchase authorization, and raised its quarterly dividend 10%. The software company said shareholders as of Nov. 21 will receive a quarterly dividend of 83 cents a share, compared with the current 75 cents. The share repurchase agreement, which has no expiration date, replaces a […]
Intel’s (INTC) foundry, or contract manufacturing business, has signed up Amazon’s (AMZN) cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence. Intel’s shares were up roughly 8% in extended trading on Tuesday after CEO Pat Gelsinger […]
