Ride-hailing start-up Go-Jek has acquired three financial technology (fintech) start-ups as it looks to dominate Indonesia’s digital payments space. Go-Jek said Friday it had bought offline payments service Kartuku, payment gateway Midtrans and saving and lending firm Mapan for undisclosed amounts. The firm, which began life as a motorbike and taxi business, has expanded its […]
Read morePhotoshop maker Adobe Systems on Thursday reported a better-than-expected quarterly revenue and profit, driven by strength in its digital media business, which houses its flagship product Creative Cloud. Shares of the company, which also forecast first-quarter profit above estimates, were up 1.7 percent at $178 in extended trading. The shift to cloud-based subscription has brought […]
Read moreThis start-up is making it a lot easier to own a Ferrari — or, at least, a part of one. The collector car market has historically only been accessible to a wealthy few. Rally Rd. is aiming to democratize classic car collecting by turning premium vehicles — like a $165,000 vintage Ferrari Testarossa or a […]
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Theresa May applauded in Brussels, but Brexit talks have many hurdles to overcome
British Prime Minister Theresa May received a round of applause from European leaders on Thursday night, but there remain plenty of hurdles to overcome before the U.K. can leave the European Union (EU). EU leaders are set to formally agree Friday to start the second phase of Brexit negotiations, mainly centered around trade talks. At […]
Read moreBitcoin buyers have been issued a “serious warning” from one of Britain’s leading financial regulators. Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), told BBC’s “Newsnight” on Thursday, “If you want to invest in bitcoin, be prepared to lose all your money.” Bailey said a lack of backing from governments and central banks […]
Read moreFashion retailer H&M said on Friday fewer visitors to its core brand stores weighed on turnover in its fiscal fourth quarter as it reported an unexpected year-on-year drop for the period. Sales in the September-November period shrank 4 percent, or 2 percent in local currencies, to 50.4 billion crowns ($5.97 billion), lagging a mean Reuters […]
Read moreBeijing is ramping up construction work in the South China Sea despite agreeing to establish a code of conduct for the disputed region, new research has showed. Research from the Asia Maritime Transparency Initiative, part of U.S. think tank the Center for Strategic and International Studies, revealed China has built several facilities around the Spratly […]
Read moreEuropean stocks are set to open lower Friday morning, with sentiment curbed by concerns over plans to overhaul the tax system in the U.S. The FTSE 100 is seen 22 points lower at 7,438; the DAX is set to open down by 37 points at 12,044 and the CAC 40 is expected to open lower […]
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Italy elections likely to result in ‘worst outcome’ of a hung parliament
A general election in Italy in early 2018 is likely to end in a hung parliament, mimicking the political situation across much of Europe. The exact date for the election is yet to be confirmed, although the likely date is March 4. An opinion poll by EMG Acqua from early December suggested that no one […]
Read moreChinese e-commerce giant Alibaba has invested in an electric car start-up as the transportation sector emerges as the latest battleground for China’s technology giants. The Hangzhou-based technology company confirmed on Friday that it had invested in Chinese electric car start-up Guangzhou Xiaopeng Motors Technology, although it did not disclose the amount of that investment. “As […]
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