A top Facebook executive is joining the board of cryptocurrency exchange Coinbase. David Marcus, head of Facebook’s Messenger service, will join the venue’s board of directors, Coinbase CEO Brian Armstrong said in a blog post Tuesday. Tweet Coinbase is currently the most popular app on Apple’s App Store, according to data by market insights firm […]
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ECB set to lift its growth outlook as massive bond-buying slowly winds down
The European Central Bank (ECB) is likely to raise its growth forecasts when it meets Thursday, as the fragile economic recovery in the region slowly gathers pace. This will be President Mario Draghi‘s last press conference before the holiday season, but the Italian economist has given away most of his presents early this year. At […]
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Swedish fintech start-up iZettle raises $47 million; CEO says 'time will tell' for IPO plans
Swedish payments start-up iZettle said Wednesday it had raised 40 million euros ($47 million) in funding to boost its growth strategy. The small business commerce platform lists Jack Dorsey’s Square among its competitors and currently operates in 12 markets across Europe and Latin America. The funding round was led by early stage venture capital investor […]
Read moreGoogle just published its annual list of the top trending searches in the U.S., revealing the events and fads that people searched the most in 2017. The top queries highlight just how tough a year it’s been. Hurricanes Irma and Harvey, which wreaked havoc across the U.S. and Caribbean, both made the top ten list. […]
Read moreGoogle’s popular search service might be blocked on the Chinese mainland, but that’s not stopping the company from expanding its presence in the country’s burgeoning artificial intelligence sector. Google’s parent Alphabet said in a statement that it had launched the Google AI China Center on Wednesday in Shanghai, the company’s first facility of its kind […]
Read moreA United Arab Emirates state-owned oil giant made a positive stock market debut Wednesday, a listing likely to resonate through the Middle East as several other companies prepare to go public. The Abu Dhabi National Oil Company (ADNOC) listed a stake in its fuel distribution unit, called ADNOC Distribution. John Carey, the deputy CEO of […]
Read moreEuropean markets are expected to open lower on Wednesday as investors await the outcome of the U.S. Federal Reserve’s two-day policy meeting. The London-based FTSE is seen opening 19 points lower at 7,479, the German DAX is expected to open 35 points lower at 13,141 and the French CAC is seen 11 points lower at […]
Read moreAfter a tumultuous year which saw Chinese technology conglomerate LeEco fall from grace, the company’s billionaire founder was recently dealt yet another blow. Jia Yueting, LeEco’s founder, was added to a nationwide list of debt defaulters after he failed to obey a court order, local newspaper China Daily reported on Tuesday. Jia hasn’t turned over […]
Read moreLunar exploration startup ispace announced Tuesday it raised $90.2 million in its latest round of funding, backed by a dozen investors. The Japanese company will use the money to fund two exploration missions to the moon, with the first by the end of 2019 and the second by the end of 2020. The Innovation Network […]
Read moreChina’s economy will expand a bit faster than expected this year on resilient consumption but growth will stutter in 2018, the Asian Development Bank said Wednesday. Growth on the mainland is now expected at 6.8 percent in 2017, up from the previous forecast of 6.7 percent, the Asian Development Bank (ADB) said in its latest […]
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