Financial news

Capitalism is having an identity crisis – but it is still the best system

6 years by Daniel Williams

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The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers

6 years by Daniel Williams

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Electric Truckmaker Rivian, Backed By Amazon, Ford, Raises Whopping $1.3 Billion

5 years by Daniel Williams

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Glasgow University Professor to participate in the development of the human factor minimization program

Interdisciplinary Research Professor at the University of Glasgow, Andrew Hoskins participated in an expert roundtable on ‘A New Security Paradigm for Financial Institutions’. The event, held online on March 27, 2023, was […]

Ripple expands payments offering to Africa amid US regulatory pressure

Crypto firm Ripple Labs is to expand its cross-border payments offering to Africa, as it seeks to expand its global footprint in the face of US regulatory pressure. The firm, whose cryptocurrency XRP is […]

Credit Suisse and Apollo strike deal for securitised products group

Credit Suisse Group has entered into definitive transaction agreements to sell a large part of its securitised-products group and other financing businesses to Apollo as it seeks to de-risk its investment bank […]

Hedge funds fall for Dubai over lower tax rates, softer regulation — portfolio managers want in

London hedge funds are joining a trend of investment firms looking towards Dubai for expansion, lured by lower tax rates, softer regulation, and a rising number of millionaires. Millennium Management, ExodusPoint Capital Management […]

Could carbon markets be financial services’ answer to climate change?

There is still an elephant in the room at COP27. And it just got bigger. At last year’s UN climate change conference in Glasgow, there was remarkably little discussion about the key […]

Abrdn, Amundi, Aviva Investors: FTX collapse a ‘major setback’ for crypto uptake

Heavyweight fund groups including Abrdn and Aviva Investors said other big name investors that have steered clear of cryptocurrencies will be extra cautious of entering the market following FTX’s collapse. Asset managers have previously voiced concern […]

ESG firm raises eyebrows for ranking collapsed crypto giant FTX higher on governance than Exxon Mobil

AI-driven ESG ratings firm Truvalue Labs has defended its methodology after awarding collapsed crypto giant FTX a higher score for governance than Exxon Mobil. A screenshot of an ESG analysis for FTX — by FactSet-owned […]

Hunt postpones worst fiscal pain and hoped-for City reforms

On the whole, the chancellor’s Autumn Statement was rather understated. Jeremy Hunt unveiled a huge package of tax and spending changes with less of the fanfare we have come to expect. And […]

Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks

Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that “structurally disadvantage” European banks against their US rivals. The German lender’s CEO said that the “pendulum has swung […]

Meet Goldman Sachs’ first Bangladeshi partner as US bank aims to diversify upper ranks

Goldman Sachs promoted a record number of non-whites and women to its elite ranks in its largest partner class for six years, but the US banking giant has quietly hit another milestone. […]

Germany expert commission releases report recommending legalization of early-stage abortion and amended laws for later-term pregnancies – JURIST

The Commission on Reproductive Self-Determination and Reproductive Medicine in Germany on Monday submitted a final report recommending the legalization of abortion within the first 12 weeks of pregnancy in the country.The German […]

Australia judge rules in defamation trial that former government adviser raped a colleague in parliament – JURIST

Australia Federal Court Justice Michael Lee found that former government adviser Bruce Lehrmann raped a colleague in a Parliament House office on Monday. The judge dismissed a defamation lawsuit Lehrmann brought against […]

Poland classifies attack on humanitarian aid workers as murder, demands Israeli cooperation in investigation – JURIST

The Polish government on Friday labeled the death of Polish aid worker Damian Soból as murder, following the deaths of seven humanitarian aid workers from the World Central Kitchen (WCK) serving in […]

Amnesty International urges immediate investigation into war crimes in Merawi, Ethiopia – JURIST