Election disruption from AI poses the biggest global risk in 2024, Davos survey warns
Concern over the impact of artificial intelligence in disrupting elections has topped the list of the biggest risks for 2024, according to a new WEF report.
UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
Global investment in fintech sank to $51.2 billion in 2023, down 48% from 2022, data from Innovate Finance shows. Despite that, UAE fintech funding soared 92%.
Investors are cautiously optimistic on Europe in 2024. Here’s what to look out for
After a choppy 2023, economists believe the European economy is set for a transitional year as major headwinds fade into the rearview mirror.
CNBC Daily Open: An unpleasant surprise for crypto bros
A false social media post about the approval of a bitcoin exchange traded fund by the SEC was the last thing eager crypto bros were hoping for.
TSMC posts flat fourth-quarter revenue but beats expectations
Taiwan chipmaker TSMC reported a largely flat fourth-quarter revenue on Wednesday, but that still beat both the company’s and market’s expectations.
Social media uproar may cost the Maldives millions, as feud with India intensifies
A social media firestorm, fueled by the fraying of a historically close relationship, is testing ties between India and the Maldives.
SEC’s account compromise was ‘not due to any breach of X’s systems,’ company says
Bitcoin prices shot up following the unauthorized post, but soon fell below $46,000 after the SEC clarified that it had not yet approved the bitcoin ETF.
Is China’s consumption story over? Here’s what experts are saying
For China’s manufacturing-heavy economy, market players are now looking towards the services and consumption side to propel China’s growth in the next year.
China’s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business
Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan’s market cap in 2023.
EV maker VinFast aims to raise free float to 10%-20% by end-2024
VinFast aims to increase its free float, or shares available to the public for trading, to 10% to 20% by the end of this year from roughly 2% currently.
