Fintech companies are becoming more and more popular in the financial market as the COVID-19 pandemic has accelerated the digital transformation. According to a CB Insights report, global venture capital-backed fintech companies raised a record $ 30.79 billion in 657 deals in the second quarter of 2021, up 30% from the first quarter. The total…
Recently, the abbreviation NFT has been appearing on the news more and more often, and usually, people are ready to pay hundreds of thousands of dollars for these crypto tokens. NFT is not a simple token, but rather non-fungible. This means that each NFT coin is unique: it cannot be replaced with another coin of…
For the first time, Beijing has become a home to more billionaires than New York City, according to Forbes’ annual World’s Billionaires List for 2021. So, now the world has a new billionaire capital. New York City lost its crown of being the home to most number of dollar billionaires to Beijing, according to the…
Because of Covid-19 pandemic, traditional savers have started to consider other ways to conduct business. The biggest trading platform Hargreaves Lansdown, reported a huge 221% rise in the number of trades placed between March and June compared with the same period last year. Another big platform Interactive Investor said its trading numbers were about 119%.…
European banks want to catch up with Chinese and American ones, so they started to prepare for consolidation actively. European banks have a 6.7% return on capital on average, the lowest of any region, according to a trade publication the Banker. Mergers and acquisitions would also help them make the big investments in popular technology…
Prelaw major schools are not mandatory for admission to law school, they are even the exception to the norm, according to experts. Prelaw college majors are designed to prepare future lawyers for law school, and these majors often include a combination of humanities and social science classes such as philosophy, political science, psychology, sociology, rhetoric,…
It’s an open secret that ARM’s technology is at the heart of most smartphones, among many other devices. Nvidia has promised to keep the business based in the UK, hire more staff, and to retain ARM’s brand. The deal values ARM at $40 billion dollars. It seems to be the biggest deal of the year.…
NAB was forced to repay $117 million in fees to superannuation fund members for services that were never provided. Now it fined $57.5m in ‘fees for no service’ case. According to Federal Court, NAB had charged hundreds of thousands of super members fees between 2012 and 2018 for financial services that were not provided. This…
ByteDance, the owner of famous TikTok’s, has chosen Oracle over Microsoft as a new technology partner to keep the popular video-sharing app operating in the United States. TikTok says it has 100 million U.S. users and hundreds of millions globally. It enables people to make a living from posting videos on the service and hosts…
Boris Johnson, Prime Minister, is facing growing opposition to his plan to unilaterally rewrite Britain’s divorce deal with the European Union. As part of the Brexit divorce deal, Britain and the EU agreed to keep Northern Ireland — the only part of the U.K. to share a border with the bloc — bound to some…
