Elliott Investment Management’s intentions on Scottish Mortgage Investment Trust PLC (LSE:SMT) became clearer over the weekend after the activist investor recently built a 5% stake in the FTSE 100 investment company. According…
technology
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EuropeInvestmentNewsRussiaTechnology
EU Wards Off Russian Tech Investment via Its Startup Fund
by Joseph Kellyby Joseph KellyLISBON — The European Union’s €10 billion startup fund has introduced new rules allowing it to exclude co-investments from countries like Russia in sensitive technologies in Europe, the president of…
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InvestmentMiddle EastNewsTechnologyUAE
Revealed: UAE’s Investment Technology Market to Reach $325mn by 2025
The UAE’s investment technology sector, which leverages technology to make investing more accessible and user-friendly, is predicted to see an unprecedented growth – projected at 145 percent – in the…
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Global InvestmentsInvestmentNewsTechnology
Silicon Valley Has an AI Boom Invigorating Global Investments
Silicon Valley has observed a substantial rise in investments allocated towards artificial intelligence (AI) startups, as funds accumulated $17.9 billion during the third quarter. According to PitchBook data, funding for AI firms experienced…
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EuropefinancialInvestmentInvestorsNewsTechnology
European Fintech Investment Plummets, but More Sustainable Future Lies Ahead
Investment in fintech across Europe fell by 70% in the first six months of this year, with “more pain” expected for the sector as investors take a more disciplined approach. But…
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ChinaInvestmentNewsTechnologyUS
House Committee Targets Crackdown on U.S. Investment in Chinese Tech, Military Development
by Arnav Perezby Arnav PerezWASHINGTON — Members of a bipartisan House committee examining economic competition between the U.S. and China said Tuesday that Congress needs to legislate barriers for American investment in Chinese companies,…
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financialInvestmentNewsTechnologyUK
Britain’s $4.5 Billion Digital Bank Monzo Debuts Investments Feature
Monzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market. The feature, called Investments, will…
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AsiaEuropeGermanyInvestmentNewsTechnology
Taiwan Pitches Deeper Europe Engagement After TSMC Germany Investment
TAIPEI/BERLIN, Aug 9 (Reuters) – Taiwan said on Wednesday chipmaker TSMC’s 3.5 billion euro ($3.83 billion) investment in Germany would drive deeper engagement between the island and Europe, while Berlin…
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EconomyFeaturedfinancialGlobal NewsInvestmentNewsTechnology
Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
by Julien Rayby Julien RayMicrosoft Corp (NASDAQ:MSFT) on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for…
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FeaturedfinancialGlobal NewsInvestmentNewsScienceTechnologyWorld News
NASA awards $425 million to Boeing for fuel-efficient airliner research project
by Michael Loweby Michael LoweNASA said on Wednesday it awarded $425 million to Boeing (NYSE:BA) Co for the agency’s “Sustainable Flight Demonstrator” project as the Biden administration works to cut aviation sector emissions. Boeing…