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Canada At A Crossroads: Leadership Transition As Trudeau To Resign 01/07/2025

UK Government Cracks Down On Deepfake Technology With New Criminal Offenses To Protect Women And Girls 01/07/2025

U.S. Federal Reserve Shifts Focus To Stabilization Amid Economic Uncertainty 01/08/2025

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Business & Finance

UK cloud banking developer becomes new 'unicorn'

UK fintech startup Thought Machine has raised $200m in a new funding round in which investors have raised its valuation above $1bn, CNBC reports. The investment round was led by US firm Nyca Partners, which previously invested in UK fintech start-up Revolut. Investors Lloyds Banking Group, Eurazeo...

Russia's Aeroflot Reports Its First Quarterly Profit In Two Years

Aeroflot, Russia's most popular airline Aeroflot announced on Monday the first quarter of net profit since 2019 , as the growth of both international and domestic travel accelerated. Aeroflot which saw its shares rise by 1.6 per cent at 0941 GMT reported its net income for its...

Indian Govt. Supporting Local Rival RuPay, Allegees Visa In Complaint To US Govt.

Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of its domestic payment rival RuPay is hurting RuPay, the U.S. giant in a crucial market, memos viewed by Reuters demonstrate. In public, Visa has played down concerns about the growth of RuPay...

US Retail Stores Ravaged By 'Flash Mob' Thieves On Black Friday

Black Friday bargain hunters weren't alone looking for bargains on the day following Thanksgiving. Thieves were also busy. The police of Los Angeles and cities elsewhere across the nation spent a large portion of the holiday weekend searching for suspects in a string of "flash mob"...

World’s First ‘Bitcoin City’ Planned By El Salvador

El Salvador says it plans to construct the first city in the world called "Bitcoin City." The city, set to be constructed in the eastern region within La Union, will be powered by a nearby volcano the president Nayib Bukele announced recently. The announcement was made during an...

Black Friday Sales This Year Set To Bear Last Year's Sales

The Black Friday sales are set to surpass the record-breaking sales over the last two years, new research suggests. Barclaycard that processes around PS1 for every PS3 that is purchased using credit cards, announced that by 17:00 GMT at 17:00 GMT, there had been 23 more transactions than...

Assets From Distressed Chinese Developers Being Gobbled Up By Hong Kong Firms

After years of development in Hong Kong, cash-strapped Chinese developers are scaling back their presence in one of the world's most expensive real estate markets, allowing financial institutions in the city to snap up some of their holdings at bargain rates. China Evergrande Group and...

Europcar Deal Is Attractive, Says Volkswagen As It Cancels Hopes For Higher Bid

Volkswagen virtually cancelled all hopes for a higher bid for France's Europcar as the German auto making giant said that it completely believed that the 2.9 billion euro ($3.3 billion) offer made for the French company, which was made as a part of an offer made by a consortium, was fair enough to...

Global Chip Shortage Forces Carmakers To Get Innovative

When it comes to buying computer chips direct from the manufacturer, re-configuring automobiles, or making chips with missing parts automakers must come up with new ideas to meet the shortage of semiconductors in the world. The shortfall, caused by shortages in supply and an increase in...

China asks Didi to develop exit plan from the US exchange

China has demanded that taxi aggregator Didi develop a plan to leave the US exchange. If privatised, the company would have to buy back its shares from investors at a minimum IPO price that is 70% higher than the current market value. China's Cyberspace Authority has asked the management of taxi...