European markets close higher as investors react to more earnings; Sweden’s central bank cuts rates
European markets closed higher on Wednesday as investors digested more earnings reports in the region.
FTX says most customers of the bankrupt crypto exchange will get all their money back
FTX estimates that it owes creditors around $11.2 billion. FTX said it has between $14.5 billion and $16.3 billion to distribute to creditors.
London’s elite Garrick Club votes to allow women for the first time
Members of Britain’s exclusive all-male Garrick Club voted on Tuesday to permit women to join the institution for the first time in its 193-year history.
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
TS Anil, CEO of Monzo, told CNBC his firm plans to use the cash to build new products and accelerate its international expansion plans.
Big Tech is eating as much data as it can to win in AI — but it’s not ‘winner takes all,’ CEO says
Microsoft, Amazon and Google are spending billions on AI. But Appian CEO Matt Calkins says that ensuring success in the field is “not just about money.”
U.S. and China trade divisions threaten a ‘reversal’ for global economy, IMF official warns
Strained relations between Western and Chinese-aligned economic blocs could cause a “reversal” in global economic growth, an IMF official warns.
Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit
The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid “comprehensive restructuring measures.”
HD Hyundai Marine Solution doubles in South Korea’s largest IPO since January 2022
Shares traded as high as 125,000 South Korean won ($91.55) apiece, representing a 49.88% surge from the IPO price of 83,400 won.
U.S. paused shipment of weapons to Israel to head off Rafah invasion, says official
Biden’s administration paused a shipment of weapons to Israel last week in opposition to Israeli moves to invade Rafah, a senior administration official said.
Dementia cases are on the rise — avoid these 12 risks to keep your brain healthy
As the global population of older adults grows, cases of dementia are also on the rise. Here’s how you can start protecting your brain.
