Dutch challenger bank Bunq has outlined its ambitious plans for global expansion, aiming to increase its headcount by 70% to over 700 employees. This growth strategy sets it apart from other financial technology startups that have resorted to cutting jobs in recent times. Despite operating in multiple EU markets, Bunq is now looking to penetrate
Global Finance
Warren Buffett’s Berkshire Hathaway has been in the spotlight recently after offloading a significant amount of Bank of America shares, totaling over $7 billion since mid-July. This move has reduced Berkshire’s stake in the bank to 11%. The conglomerate sold a total of 5.8 million BofA shares in separate sales over three consecutive days, fetching
The United Kingdom has long been a hub for innovation and technology, but it seems that the country is struggling to capitalize on its potential on the global stage. Former CEO of British chip design firm Arm, Warren East, expressed concerns about the lackluster growth and poor GDP per head in the UK, calling it
The U.S. Federal Reserve is currently under scrutiny for its upcoming meeting where a rate cut is widely expected. Analysts are divided on the extent of the rate cut, with some suggesting a jumbo 50 basis point reduction. Michael Yoshikami of Destination Wealth Management believes that a larger cut would demonstrate the central bank’s readiness
In 2024, exchange-traded fund inflows have already broken monthly records, with managers predicting a potential impact from the money market fund boom before the year-end. Nate Geraci, president of The ETF Store, highlighted the significant $6 trillion-plus parked in money market funds as a wildcard for the remainder of the year. According to the Investment
China’s former central bank head, Yi Gang, emphasized the need for policymakers to prioritize boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the importance of combating deflationary pressures and improving domestic demand to address challenges such as the real estate market and local government debt issues. Yi emphasized the
Visa has announced its plan to revolutionize the way people make payments by launching a dedicated service for bank transfers. This service will bypass credit cards and the traditional direct debit process, providing users with a more convenient and secure way to handle their transactions. With the increasing demand for digital payment solutions, Visa’s move
Following a significant drop in Nvidia’s stock price, Asian semiconductor stocks experienced a decline during morning trading. The U.S.-based chipmaker, Nvidia, saw a sharp decrease of over 9% in regular trading, which subsequently influenced the semiconductor sector in Asia. This downward trend was part of a broader sell-off on Wall Street, triggered by concerns regarding
China’s urban landscape is experiencing significant fluctuations due to a combination of property struggles and U.S. sanctions. The Milken Institute’s recent report highlights the contrasting fortunes of various Chinese cities, with some thriving on Beijing’s tech advancements while others face challenges in the real estate sector. The latest edition of the index assesses large- and
China’s first venture into creating a top-tier video game has taken the world by storm, setting new records and showcasing the nation’s potential in the global gaming landscape. Black Myth: Wukong, an action-packed game set in mythological China, made an impressive debut by selling over 10 million units within just three days of its release
Chinese President Xi Jinping recently expressed his desire for Washington to find “a right way” to foster positive relations with Beijing. Despite escalating tensions between the two countries over various issues, including trade, finance, and technology, Xi emphasized China’s commitment to a stable and healthy relationship with the United States. During a meeting with U.S.
Warren Buffett, one of the most successful investors of all time, celebrated his 94th birthday with Berkshire Hathaway reaching a $1 trillion market capitalization for the first time. Howard Marks, a close friend of Buffett’s, attributes his unparalleled success to a combination of well-thought-out strategy, discipline, consistency, and unusual insight. Marks emphasizes that without the