Coinbase Global, the largest cryptocurrency exchange in the US, has received approval from a regulatory body to offer cryptocurrency futures and options to its retail customers. The move could boost Coinbase’s revenue and market share, as well as attract more…
General Motors (GM) has announced that it is leading a $60 million financing round in Mitra Chem, a California-based startup that is developing lower-cost batteries for electric vehicles (EVs). Mitra Chem, founded by former Tesla and Toyota engineers, is working…
Binance, the world’s largest cryptocurrency exchange by trading volume, is shutting down its regulated fiat-to-crypto platform, Binance Connect, effective from today, 16 August. The platform, which launched in March 2022, allowed users to buy and sell over 50 cryptocurrencies using…
LONDON, UK: Ville Talasmäki, 47, has been appointed as Group Chief Investment Officer and Group Executive Committee Member of Sampo, the largest P&C insurer in the Nordic region, offering services across all countries, customer segments and products. The appointment is…
LONDON, UK: Chaarat Gold, a gold mining company listed on AIM, has announced that it has agreed to sell its Kapan Mine in Armenia to a local fintech company, Quanto, for $55.4 million. The Kapan Mine is a polymetallic operation…
LONDON, UK: Molecular Energies PLC’s Green House Capital (GHC) has acquired a 70% stake in Quanto, a Paraguayan fintech company that has developed an app-based payment system. The company has also reported progress on its dual fuel project that aims…
Glanbia plc, a global nutrition group, has announced that its Group Managing Director Siobhán Talbot will retire from the company after ten years in the role. She will step down from her position and from the Glanbia Board on 31…
LONDON, UK: Concurrent Technologies, a UK-based company that specialises in high-end embedded computer solutions for critical applications, has announced that it has agreed to buy Phillips Machine & Welding Company, also known as Stryker, a US-based company that provides aerospace…
Apple Inc., the world’s most valuable technology company, is gearing up to produce its latest iPhone 15 model in India, shortly after it starts shipping from China, Bloomberg reported. The company has entrusted Foxconn Technology Group, its main manufacturing partner,…
Intel Corp, the world’s largest chipmaker, has decided to drop its $5.4 billion deal to acquire Tower Semiconductor Ltd, an Israeli contract chipmaker, after failing to get regulatory approval from China, Reuters reported on Tuesday. Intel, which announced the deal…
Occidental Petroleum Corp, a U.S. oil and gas producer, announced on Tuesday that it has agreed to pay $1.1 billion for Carbon Engineering Ltd, a Canadian company that develops technology to capture carbon dioxide (CO2) from the air and store…
SYDNEY, AUSTRALIA: Fletcher Building Ltd, a leading construction and building materials company in New Zealand and Australia, has announced that its Australian chief executive, Dean Fradgley, has decided to retire and will leave the business in early 2024. Fradgley has…