The US government ordered AMD and Nvidia, America’s top chipmakers, to stop selling technology that can be used for AI to China, CNN reported. On Wednesday, the companies announced the US government had told them to stop exporting specific high-performance chips to the Asian country. Risk of military use Nvidia reported in a regulatory filing […]
The unicorn phenomenon is not just a US-centric one. Across the world, there are dozens of companies that have achieved billion-dollar valuations. And Europe is no exception. In fact, according to MoneyTransfers.com, the UK is home to the highest number of unicorn start-ups in Europe. MoneyTransfers.com has released a presentation showing that the UK has […]
Despite record inflation, Americans’ demand for beauty products is stronger than ever, showing spending on looks is far from over. Companies have embraced the industry as a result, with more and more trying to grab a piece of the pie, FOX News wrote. Strong results Companies like Ulta Beauty showed strong results in the most […]
Wise, the fast-growing London-listed money transfer company, received a fine by the United Arab Emirates regulators. Money laundering claims Wise is a leading money transfer company that went public in 2021. The company has over 5 million customers from around the world. In a statement, the Financial Services Regulatory Authority of Abu Dhabi Global Market, […]
Global atmospheric carbon dioxide concentration has increased by more than 40% since pre-industrial times, largely due to human activity. From an annual average of 280 ppm in the late 1700s, carbon dioxide concentrations rose to 414 ppm in 2021. According to an analysis by MoneyTransfers.com, the richest 1% are responsible for the global carbon footprint […]
The next 5-10 winters in Europe will be “terrible” if the EU doesn’t set a price cap on gas, warned Belgian Energy Minister Tinne Van der Straeten. She insisted Europe act at the source to freeze gas prices in a tweet, cited by CNBC. According to her, a price cap could help cut energy bills […]
Jay Inslee, the governor of Washington state, announced the state would follow in California’s footsteps in ending new gas and diesel car sales in 13 years, Fox Business wrote. 35% of new cars sold have to be electric According to new rules adopted by the California Air Resources Board (CARB), which is responsible for motor […]
Texas might ban BlackRock, the world’s biggest asset manager, and a number of European companies on accusations of boycotting the energy industry. On Wednesday, Texas Comptroller Glenn Hegar concluded the companies were violating a new law, CNN wrote. Protection of Texas oil and gas Last year, Texas passed a law in protection of its gas […]
Paysend, a leading money transfer company, announced that it will partner with CurrencyCloud to supercharge its remittances business. Partnership to boost its B2B business Paysend is a well-funded London fintech startup with over 7 million users. The firm makes it easier and cheaper for people to move their money abroad. It also provides a multi-currency […]
PayPal stock price has staged a stong recovery as investors buy the dip. The shares rose to a high of $102, which was the highest level since April. They have risen by over 48% from its lowest level this year, giving it a market cap of over $118 billion. Return of the raging bull PayPal […]