Steps

Dutch digital bank Bunq has set its sights on obtaining a banking license from UK financial regulators, with hopes of achieving this milestone by the end of the year or early next year. CEO and founder Ali Niknam expressed optimism about the process, acknowledging the differences in regulatory requirements between the UK and other European
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Boeing CEO Dave Calhoun is set to meet with the Federal Aviation Administration (FAA) along with other top company leaders to present a quality improvement plan. This plan is aimed at showcasing better staff training and production practices at Boeing's factories. The FAA ordered this report after a near-catastrophic incident involving an airplane door panel
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Semler Scientific, a relatively unknown medical technology company, made headlines recently as its shares experienced a significant surge in value. This sudden increase came after the company announced its decision to embrace bitcoin as its primary treasury reserve asset, following in the footsteps of industry giant MicroStrategy. Despite focusing on products related to the detection
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Argentine President Javier Milei has announced plans for a “significant” tax reduction in an effort to reduce state intervention in the country's economy. Facing a prolonged economic crisis with soaring inflation rates, Milei is urging Congress to approve a series of economic reforms aimed at stimulating investments and revitalizing the economy. Despite his ambitious plans,
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Saving for retirement is a critical aspect of financial planning, and many individuals find it challenging to consistently contribute to their retirement fund. To address this issue, an increasing number of employers are implementing automatic mechanisms in their company 401(k) plans to help employees save more effectively. One of these mechanisms is “auto-escalation,” which automatically
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Red Lobster, a well-known seafood chain, recently filed for Chapter 11 bankruptcy protection. This move is part of the company's strategy to reduce its size and attract potential buyers. The company disclosed that it has received a preliminary bid from its current lenders to acquire the business, unless a higher offer is presented. In a
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The People's Bank of China (PBOC) chose to keep its benchmark loan prime rate (LPR) unchanged, aligning with popular expectations. This decision was made despite ongoing efforts by Beijing to introduce other forms of stimulus to bolster the economy. The one-year LPR was maintained at 3.45%, while the five-year rate, crucial in determining mortgage rates,
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The U.S. Securities and Exchange Commission is set to decide on the approval of ether exchange-traded funds in the coming week. However, industry experts like Ric Edelman believe that the lack of a comprehensive regulatory framework for cryptocurrencies will likely result in a rejection. Edelman emphasizes the importance of regulations to safeguard investors from falling
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The recent announcement of the European Union launching an investigation into Meta, the parent company of Facebook, has raised critical concerns over the child safety risks associated with its platforms. The European Commission highlighted issues such as the stimulation of behavioral addictions in children and the creation of ‘rabbit-hole effects' on platforms like Facebook and
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The Consumer Financial Protection Bureau's regulation aimed at reducing late fees on credit cards is facing significant opposition from the card industry, led by the U.S. Chamber of Commerce. The industry sued the CFPB in federal court in an attempt to block the implementation of the new rule, which would cap late fees at $8
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