Global Finance

Walmart has taken a significant stride into the financial sector through its majority-owned fintech startup, OnePay. The retailer’s decision to introduce two new credit card options in collaboration with Synchrony represents an ambitious attempt to empower consumers and address the financial needs of underserved communities. This strategic initiative comes on the heels of Walmart’s contentious
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The current crisis surrounding rare earth exports presents an arduous challenge for industries worldwide, hinged predominantly on the dominance of China in the mining and exportation of these essential minerals. Rare earth elements, alongside other crucial minerals, form the backbone of various sectors, including automotive, aerospace, and high-tech industries. Their applications range from manufacturing electric
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As the world increasingly focuses on the technological rivalry between the United States and China, an imminent threat looms that extends beyond just artificial intelligence (AI) and semiconductors. New analyses illustrate China’s remarkable surge in biotechnology, an area that includes drug development and agricultural innovations. According to a recent report by the Harvard Belfer Center
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Recent reports indicate that negotiations between the U.S. and China continue to be fraught with tension and uncertainty. President Donald Trump publicly acknowledged the difficulty of striking a deal with his Chinese counterpart, Xi Jinping. His comments reflect not only the current climate of trade relations but also the broader geopolitical landscape where both nations
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Klarna, the Swedish fintech giant known for its revolutionary “buy now, pay later” (BNPL) services, is embarking on a transformative journey that would significantly alter its business landscape. The introduction of the Klarna Card—set to pilot in the U.S. before expanding to Europe later in the year—represents a strategic shift from its foundational credit offerings
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In the complex world of investing, bonds often serve as a beacon of stability. As the economic landscape experiences increasing turbulence, investors are placing heightened scrutiny on the movements of bond prices and their corresponding yields. Presently, indicators suggest a cautious yet opportunistic approach towards shorter-duration securities in the fixed-income realm. Joanna Gallegos, the influential
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In the intricate dance of international trade, the relationship between the United States and China remains a focal point of global dynamics. Recent statements from U.S. Treasury Secretary Scott Bessent highlight a notable stall in trade talks between the two nations, underscoring the need for direct communication between their leaders. Bessent’s assertion that upcoming discussions
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Starling Bank, a frontrunner in the British online lending landscape, is currently grappling with a significant downturn in its annual profits, a development that raises critical questions about its operational integrity and the sustainability of its business model. The lender reported a pre-tax profit slump of nearly 26%, culminating in £223.4 million ($301.9 million) for
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