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LVMH says its wine business took a 12% hit because people are too sad to buy champagne
LVMH CFO anticipates sales volumes will be “less bad” in the second half of the year. more
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Chipotle CEO says ‘generous portions’ will become standard after people blasted its skimpy serving sizes on social media
Brian Niccol said roughly 10% of Chipotle’s restaurants are outliers in terms of portion sizes. more
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India’s UPI expands partnership in Paris ahead of Olympic Games
India’s NIPL, a wholly-owned subsidiary of the NPCI, has partnered with Lyra to enable acceptance of the Unified Payments Interface at Galeries Lafayette’s flagship store in Haussmann, Paris. … more
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Metaplanet Acquires Exclusive License to Launch Bitcoin Magazine Japan
Bitcoin Magazine, in collaboration with Metaplanet (TYO), announced the opening of its new office in Tokyo, Japan at The Bitcoin Conference on Thursday. more
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Marathon Digital Buys $100 Million in Bitcoin, Adopts 'Full HODL Strategy'
Amid an improving macro environment and growing institutional adoption, Bitcoin miner Marathon will no longer sell its BTC. more
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Meta to halt AI releases in EU due to ‘unpredictable’ regulations
Meta joins Apple in blackballing EU users, but unlike the iPhone maker’s anti-competitive reasons, it’s concerned about using public data to train AI. [...] Read More... The post Meta to … more
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Inside the deadly hunt for "blood jade" marred by heroin and violence
Myanmar's Kachin State is believed to hold up to 90% of the world's most valuable jade. Hunting for it is one of the most dangerous jobs in the world. more
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8 Ways E-Signatures Can Revolutionize Your Operations
For some time now, many conversations have been about signatures and how they have changed modern businesses. Now, business organizations can skip the long hours of back and forth, especially when … more
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Big Tech’s $1 trillion sell-off triggers worst day for stock markets since 2022
Excessive AI spending and geopolitical risks are prompting investors to cash in their chips. more
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Fintech giant Revolut authorized to become a UK Bank
Revolut's UK banking license could enhance its market position, attract more users, and potentially influence global regulatory trends. The post Fintech giant Revolut authorized to become a UK … more
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MARA Purchases $100 Million of Bitcoin, Adopts HODL Strategy
MARA is now focusing on growing the amount of BTC on its balance sheet. more
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Fold Becomes a Public Company After Merging With FTAC Emerald
Fold, a Bitcoin financial services company, and FTAC Emerald, a publicly-traded special purpose acquisition company, have agreed to merge their, making Fold a NASDAQ-listed public company. What … more
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Ego Death Capital Raises Over $43 Million To Fund Bitcoin Companies
Bitcoin venture fund Ego Death Capital has raised over $43 million in the first close of its $100 million second fund to invest in Series A Bitcoin Startups. more
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Want to get a job at Meta? It doesn’t matter what you study—as long as you can ‘do one thing really well,’ Mark Zuckerberg says
Meta CEO Mark Zuckerberg says what matters most in his hiring philosophy is people being able to do one thing really well. more
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FSB paper tackles stablecoin risks to emerging markets, developing economies
The Financial Stability Board paper focused on what it refers to as global stablecoins, which are stablecoins that could be widely used as a means of payment or store of value across multiple … more
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Rupert Murdoch is going to court to push his 3 more liberal kids out of his Fox and News Corp media empires
Court documents show Murdoch wants to give more voting rights to his conservative son, and CEO of Fox, Lachlan. more
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How much does the Royal Family earn?
How much does the Royal Family earn? The Royal Finance Report shows the monarchy have received an extra £45 million from the Crown Estate Profits, due to 6 new offshore wind farms which has … more
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Revolut Just Acquired a UK Banking License
What UK Bank Licence Provides Revolut With? This license allows Revolut to hold customer deposits, opening up new revenue streams through its own-branded loans and mortgages. However, while this is a … more
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India’s lack of quality data, AI infrastructure pose hurdles in mitigating climate change: experts
India may have joined the race in advancing AI to achieve its SDG goals and mitigate climate change, but experts said several issues must be addressed first to harness the tech's full potential. … more
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Revolut secures long-awaited banking license after 3 years—positioning the firm to rival banking giants Barclays and HSBC
This is 'a significant step forward for Revolut' and its customers, U.K. CEO Francesca Carlesi said. 'It is a tremendous responsibility to be a bank in the U.K.' more
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AirAsia’s Tony Fernandes wants Microsoft compensation for the CrowdStrike outage: ‘If I delay my flight, you would come after me for a refund’
"The principle is if we do something wrong, we have to compensate. They did something wrong. We and other airlines lost a lot," Fernandes said Wednesday. more
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Singapore reinforces fintech hub bid with AI, quantum computing at its helm
Singapore pours $74.3 million into investing in AI and quantum computing technologies as part of its grand vision to propel innovation in the financial sector. [...] Read More... The post … more
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8th Fintech Revolution Summit in Manila highlights various fintech innovations
Traicon returns to Manila to host another Fintech Revolution Summit, acknowledging that the Philippines is shaping its way to becoming the next financial hub in Asia. [...] Read More... The … more
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Trouble lies ahead for European luxury brands and car makers as China’s slowdown hurts profits, share prices, valuations and jobs
Germany looks especially vulnerable as the country accounts for half of the European Union’s exports to China.  more
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Fujitsu, Cohere eye release of AI solution for enterprises in September
Takane, a localized LLM catering Japanese enterprises, will reportedly focus on giving enterprises heightened security and can contribute to business efficiency while addressing the issue of … more
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