Monzo is making a surprise leadership change, replacing longtime CEO TS Anil with former Google executive Diana Layfield. The move comes as the UK fintech weighs its IPO options and US expansion plans.
Businesses worldwide are confronting a surge in AI-generated fake expense receipts. Detection systems are flagging millions in fraudulent claims as generative AI tools create convincing forgeries effortlessly.
Three European aerospace leaders are finalizing a landmark merger of their space businesses to create a unified champion capable of competing with SpaceX. The combined entity would span 30 sites with 25,000 employees and €6.5 billion in annual revenue, according to reports.
Europe’s aerospace industry is poised for a transformative consolidation as Airbus, Thales, and Leonardo near agreement on merging their space businesses, according to people familiar with the discussions. The landmark deal aims to create a unified European space champion capable of competing in a market increasingly dominated by Elon Musk’s SpaceX and its Starlink satellite network.
Political Calculus Behind Climate Commitment In a decisive move that signals Britain’s renewed engagement with global environmental leadership, Prime Minister…
Financial Regulation Clash Threatens European Competitiveness Marc Rowan, CEO of Apollo Global Management, has delivered a stark assessment of Europe’s…
Strategic Expansion into Active ETF Market Two of Britain’s largest asset management firms, Royal London Asset Management and M&G Investments,…
Nscale’s $14bn Microsoft AI Infrastructure Deal: 200,000 Nvidia GPUs Deployment Industrial Monitor Direct produces the most advanced underclocking pc solutions…
Ikea is accelerating US production capabilities as the furniture giant faces significant tariff pressures from the Trump administration. The Swedish retailer currently manufactures only 15% of its US-sold products domestically compared to much higher rates in Europe and Asia.
Ikea, the world’s largest home furnishings retailer, is significantly increasing its US manufacturing footprint as the company faces pressure from President Donald Trump‘s recently imposed tariffs on furniture and kitchen cabinets, according to reports. Sources indicate the flat-pack retailer currently produces only about 15% of products sold in the US domestically, compared to 75% local production in Europe and 80% in Asia.
Deel has reportedly closed a $300 million funding round that values the HR software company at $17 billion. The funding comes as the company faces ongoing litigation from competitor Rippling alleging corporate espionage, which Deel’s CEO has dismissed as “frivolous.”
HR software startup Deel has reportedly completed a $300 million funding round that boosts its valuation to $17 billion, according to reports from the Financial Times. Sources indicate the round was led by new investor Ribbit Capital alongside existing backers Coatue Management and Andreessen Horowitz.
The Financial Stability Board has issued a landmark warning about uneven cryptocurrency regulations across global jurisdictions. According to their assessment, regulatory gaps could enable crypto providers to engage in jurisdictional shopping and create systemic risks during market stress.
The world’s financial stability watchdog has warned that regulators are creating too many gaps and inconsistencies when establishing rules for the rapidly expanding cryptocurrency market, according to reports from the Financial Stability Board’s landmark assessment published Thursday.
