The week has been a rollercoaster for European stocks, with the Stoxx 600 index opening higher but ultimately plummeting by 0.9% in London. This downward trend marks one of the worst weeks of the year for the regional benchmark. French stocks took a particularly hard hit, dropping by 2.25%, as investors remain on edge about
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In recent years, the financial technology industry has undergone a significant transformation, with industry experts and investors suggesting that the sector has hit a “bottom.” At the Money20/20 event in Amsterdam, executives and investors expressed optimism about the industry’s outlook, pointing to a correction in valuations from the unsustainable highs of 2020 and 2021. This
Recent reports from Bloomberg suggest that the U.S. government is contemplating further restrictions on China’s access to critical chip technology necessary for artificial intelligence applications. The proposed actions would specifically focus on high-tech chip architecture known as gate all-around (GAA). This type of transistor architecture has the potential to significantly enhance performance and reduce power
Singapore is on track to become a significant gold hub, according to the World Gold Council. The shift in global gold trading towards the east is one of the key reasons driving this move. With gold consumption on the rise in major emerging markets, particularly in Asia, Singapore is strategically positioned to capitalize on this
The European Union election results were a wake-up call for German Chancellor Olaf Scholz, as the far-right party AfD made significant gains despite facing numerous scandals. The AfD secured an impressive 15.9% of the vote in the preliminary results, surpassing Scholz’s SPD and its coalition partners – the Greens and the FDP, who saw a
The European Union elections are a crucial event that takes place every five years, involving millions of eligible voters across the 27 member countries. The latest election, with 720 members of the European Parliament (MEPs) up for grabs, presents an opportunity for citizens to choose representatives who will advocate for their interests at the EU
Norway’s $1.7 trillion sovereign wealth fund has announced its decision to vote against ratifying Tesla CEO Elon Musk’s $56 billion pay package. This move comes after a Delaware judge invalidated the package earlier this year, deeming it unfair to shareholders. Despite acknowledging the significant value generated under Mr. Musk’s leadership since the grant date in
The U.S. economy experienced an unexpected surge in job creation in May, with nonfarm payrolls expanding by 272,000. This figure far exceeded the Dow Jones consensus estimate of 190,000 jobs, sparking optimism about the state of the labor market. However, the increase in employment came alongside a rise in the unemployment rate to 4%, marking
Drawing inspiration from a scene in a “Mission Impossible” movie, scientist Lee Seok Woo embarked on a journey to create batteries for smart contact lenses. In the movie, an agent used contact lenses with facial recognition and eye tracking capabilities, sparking Lee’s curiosity and determination to turn this fiction into reality. With a background in
The traditional slogan “A diamond is forever” seems to be losing its charm as consumers increasingly opt for lab-grown diamonds, gold, and other colored gemstones over natural diamonds. This shift in consumer preference has been driven by various factors, including changing market trends and evolving consumer behaviors. De Beers, a diamond giant known for its