In an impressive move towards solidifying its presence in the United Kingdom, Block, the payments giant founded by tech magnate Jack Dorsey, has officially rolled out its corporate card service, Square Card. This strategic expansion aims to directly challenge established players like American Express and bring innovative solutions to small and micro businesses in a
Finance
Berkshire Hathaway has recently reported a staggering cash reserve of $325.2 billion, further solidifying its position as an economic powerhouse. This number marks an increase from $276.9 billion in the previous quarter. The company’s cash accumulation strategy is notable, revealing a measured approach to liquidating stock assets rather than an impulsive sell-off. Warren Buffett, the
As the UK government outlines its fiscal strategy with increased taxation, the ramifications for the burgeoning technology sector are becoming a focal point of debate among venture capitalists and tech leaders. Recently, Finance Minister Rachel Reeves unveiled a plan to raise capital gains tax (CGT) and National Insurance contributions, leading to apprehensions that these measures
Honor Technology, a growing force in the smartphone arena, has recently made headlines with the announcement of new investments that signal pivotal shifts in its growth trajectory. On Thursday, the company disclosed backing from several prominent investors, including China Telecom, a heavyweight in the telecommunications sector, and CICC Capital, alongside the venture capital firm Cornerstone
In an ambitious stride towards electric mobility, China’s Xiaomi has marked a significant milestone by delivering over 20,000 units of its SU7 electric vehicle (EV) in October alone. This push comes as the global electric vehicle market becomes increasingly saturated and competitive, a landscape denoted by players like Tesla, Xpeng, and Nio. With aspirations to
As we venture into a new fiscal year, the outlook for Chinese initial public offerings (IPOs) appears brighter than it has in recent years. With several companies paving their way to public markets, there is a renewed sense of optimism among analysts. Notably, the listings of companies such as WeRide and Pony.ai on the Nasdaq
The advent of advanced technology in the financial services sector has presented both opportunities and challenges for consumers. The recent announcement by the Consumer Financial Protection Bureau (CFPB), led by Rohit Chopra, marked a significant step towards enhancing consumer autonomy over their financial data. This pivotal change is set to take effect following the bureau’s
In a significant enforcement action by the Consumer Financial Protection Bureau (CFPB), tech giant Apple and financial institution Goldman Sachs have been ordered to pay over $89 million in penalties and consumer restitution due to improper handling of consumer disputes linked to the Apple Card. This judgment, issued on a Wednesday, highlights troubling lapses in
In the realm of European financial technology, one name stands out not just for its services, but for the impressive number of startups arising from its ranks—Klarna. According to a recent report by venture capital firm Accel, Klarna has revealed an extraordinary capability for incubating entrepreneurs. With 62 new startups launched by its alumni, Klarna
In an era where artificial intelligence continues to reshape the contours of technology, Chinese smartphone manufacturer Oppo is making significant strides to integrate AI into its offerings. As part of its strategy to enhance consumer experiences, Oppo is engaging in weekly discussions with tech giants like Google and Microsoft to explore innovative AI applications. The