The companies said the deal is expected to close as early as the fourth quarter of 2024.
Turkey’s inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease.
Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year
“I hope we’ll get somewhere by the end of the year, maybe early next year,” Ali Niknam, Bunq’s CEO and founder, told CNBC at the Viva Tech conference in Paris.
GameStop shares surge as ‘Roaring Kitty’ trader posts account showing $116 million position
Meme stock GameStop saw another speculative pop in overnight trading as speculation grew that Keith Gill could have a huge position in the video game retailer.
‘No quid pro quo’ between Trump and oil execs at Mar-a-Lago, Gov. Burgum says
Gov. Doug Burgum is denying reports that former President Trump told oil executives he’d reduce regulations if they helped him raise money to get elected.
OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
Expectations have mounted over the timeframe and number of rate cuts likely to be carried out by global central banks.
China’s growing e-commerce market is creating a new set of winners
Online shopping in China is widely expected to grow. It’s less clear how much longtime players such as Alibaba and JD.com will benefit.
The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing
The VanEck CEO digs into the preliminary approval of his firm’s Ethereum ETF and what the decision means for crypto investors.
Italy is bracing for a record wave of tourists, but is having trouble handling them
Being a tourist in Italy is turning into a full-time job.
Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’
The ongoing Synapse bankruptcy mess has exposed the risks in a corner of fintech that grew in prominence during a boom in venture investment.