UK Asset Management Giants Forge New Path in Europe’s Booming Active ETF Arena
Strategic Expansion into Active ETF Market Two of Britain’s largest asset management firms, Royal London Asset Management and M&G Investments,…
Tag: Financial Times
Nscale to deploy 200,000 GPUs to Microsoft in reported $14bn deal
Nscale’s $14bn Microsoft AI Infrastructure Deal: 200,000 Nvidia GPUs Deployment Massive AI Infrastructure Expansion UK-based AI infrastructure provider Nscale has…
Ikea Expands US Production Amid Trump Tariff Pressures on Furniture Imports
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 Responds to Tariff Pressures with US Production Boost
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 Secures $300M Funding at $17B Valuation Amid Rival Legal Disputes
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.”
Deel’s Funding Round and Valuation Surge
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.
Global Watchdog Warns Crypto Regulation Gaps Pose Financial Stability Risks
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.
Global Financial Watchdog Sounds Alarm on Crypto Regulation
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.
Erebor Bank Gains US Regulatory Approval to Serve Crypto, AI Tech Firms
A new US bank targeting emerging technology sectors including cryptocurrency and artificial intelligence has secured conditional regulatory approval. Founded by prominent tech entrepreneurs and political donors, Erebor aims to serve specialized financial needs of innovative companies.
New Tech-Focused Banking Institution Receives Regulatory Green Light
A new financial institution specifically designed to serve technology companies in emerging sectors has received conditional approval to operate as a national bank, according to reports from regulatory authorities. The bank, named Erebor and based in Columbus, Ohio, has been granted preliminary approval by the Office of the Comptroller of the Currency, which oversees federal banking charters in the United States.
NVIDIA Faces Growing Restrictions in China Over AI Chip Imports
NVIDIA AI Chip Imports Face Escalating Restrictions in Chinese Market Growing Trade Barriers for Advanced Semiconductor Technology NVIDIA’s position in…