Cryptos have no intrinsic value and trading in them should be regulated like gambling, UK lawmakers say
A U.K. Parliament committee said it was concerned by government proposals to regulate consumer trading of crypto as a financial service.
Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves
Blockchain firm Ripple acquired Metaco, a Swiss crypto custody services firm, the company announced Wednesday.
Stellantis warns UK risks exodus of EV production under post-Brexit rules
The auto giant faces a steep rise in export tariffs for EVs sent between the U.K. and EU that it says threaten its operations in the U.K.
Almost half of Gen Zs have side jobs as money fears take over, survey finds
Gen Zs and millennials are increasingly taking on additional full- or part-time jobs, often to supplement their income.
Britain’s Oxford University cuts ties with Sackler family over opioid links
Britain’s University of Oxford has cut ties with key benefactor the Sackler family, whose wealth derives from addictive opioid drugs.
Tencent posts fastest jump in quarterly revenue in more than a year after China reopens
Tencent reported its fastest quarterly revenue growth in more than a year as the company saw a big rebound in payment volumes, ad sales, and gaming.
UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence
UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.
CNBC Daily Open: Inflation weighed on consumer spending
Any positive momentum stocks had on Monday dissipated yesterday, as downbeat economic signs weighed on indexes.
Sudan one month on: Why cease-fires are failing, and what global leaders are missing
One month after fighting between Sudan’s two military factions broke out, internationally-brokered peace talks in Saudi Arabia have yielded no solution.
Siemens raises full-year outlook after second-quarter sales beats forecasts
Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter.
