Dutch digital bank Bunq is setting its sights on obtaining a banking license from U.K. financial regulators, with hopes of achieving this milestone by the end of the year or early next year. CEO and founder Ali Niknam expressed optimism about the process, acknowledging the differences in regulatory procedures between the U.K. and Europe. Bunq’s
Global Finance
North Dakota Governor Doug Burgum has found himself at the center of controversy following allegations made against former President Donald Trump. Trump reportedly told oil executives at a meeting in Palm Beach, Florida that he would reduce regulations in exchange for significant financial support for his potential re-election campaign. However, Burgum has vehemently denied these
Jan van Eck, the CEO of VanEck, has observed a significant shift in sentiment within the cryptocurrency market. This shift is closely linked to the recent approval by the U.S. Securities and Exchange Commission for a rule change that paves the way for Ethereum exchange-traded funds (ETFs). VanEck was the pioneer in applying to the
The inception of Yotta by Adam Moelis in 2019 was rooted in the noble intention of providing Americans with a novel approach to saving money, thereby insulating them from the vicissitudes of life. However, what transpired was a catastrophic turn of events, unfurling a saga of anguish for thousands of customers who had entrusted their
Italy, a country renowned for its art, history, and picturesque landscapes, is currently facing a major crisis due to overtourism. With millions of tourists flocking to popular destinations like Lake Como, Venice, and Milan, the strain on infrastructure and services is becoming increasingly evident. One of the key issues resulting from overtourism in Italy is
In recent years, there has been a noticeable shift in the hiring practices of many companies. Instead of focusing solely on traditional metrics such as education or years of experience, employers are increasingly prioritizing applicants’ skills and competencies. According to data from job site Indeed, the share of U.S. online job postings that list a
Financial thresholds in the United States play a crucial role in various aspects of personal finance, from tax brackets to minimum wage standards. However, not all financial thresholds are adjusted for inflation annually, leading to potential issues for individuals and households. This article examines the impact of unindexed financial thresholds in the U.S. and the
The financial technology landscape is rapidly evolving, with a focus on climate-conscious solutions gaining momentum. Swedish startup Doconomy recently announced a successful Series B funding round, securing 34 million euros from prominent European banks like UBS and CommerzVentures. This influx of capital highlights the growing interest in financial tools that help consumers measure the environmental
Billionaire investor Bill Ackman has made a strategic move by selling a 10% stake in his investment firm, Pershing Square. This sale is part of a larger effort to eventually take Pershing Square public. The firm has successfully raised $1.05 billion in funding, granting investors a 10% ownership share in the management company. This move
France has been making significant strides in the artificial intelligence sector, positioning itself as a potential superpower in the field. The recent Viva Technology conference held in Paris showcased the country’s advancements in AI, with numerous French firms attracting substantial investments from tech giants like Amazon, Google, and Microsoft. The influx of funding from these
New York Federal Reserve President John Williams recently commented on the state of inflation, expressing his belief that it is still too high. Despite this assessment, he remains optimistic that inflation will begin to decelerate later this year. Given the current volatility in the market surrounding potential interest rate cuts, Williams did not provide any
Kohl’s shares took a significant hit in premarket trading after the company reported a surprising loss per share, falling well below what Wall Street had anticipated. The loss per share of 24 cents was a stark contrast to the expected profit of 4 cents, leaving investors reeling. Additionally, the revenue for the fiscal first quarter