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Financial business


Intel has announced plans to apply for a separate stock exchange listing for Mobileye, its driver assistance and autonomous vehicle unit, as it seeks to consolidate its stock price under the leadership of its chief executive Pat Gelsinger. The US chipmaker said listing would “unlock value” for its shareholders, but retain majority control of the …

BuzzFeed will continue with its ambitious plans to build an online media giant despite the exodus of nearly all investors from its Spac fund as it prepares to go public. Spac investors who went public with BuzzFeed withdrew 94% of their money, signaling skepticism about the media group’s prospects and how much the Spacs have …

NEW YORK–(COMMERCIAL THREAD) – DA Davidson & Co. announced today that it has been the exclusive financial advisor to Remarkable Health in connection with its sale to Netsmart, a leading provider of healthcare software and services solutions to help providers achieve providing comprehensive, value-oriented care. Remarkable Health is a software company focused on providing behavioral …

The UK market watchdog on Tuesday proposed a near-doubling of the fees it charges licensed companies to pay for technology that can detect and resolve problem businesses faster. The Financial Conduct Authority (FCA) has proposed that its minimum fee, which has remained largely unchanged over the past decade, would increase by 91%, from 1,151 pounds …

Virgil Abloh, an American designer known for bringing streetwear into luxury fashion and a rising star within the LVMH group, died of cancer at the age of 41, the company said on Sunday. Abloh, who had designed menswear for the Louis Vuitton brand since 2018, infusing lines with an acclaimed blend of athletic and couture …

“Awakened Capitalism: How Corporate Morality Sabotages Democracy”, by Carl Rhodes The workplace has become more politicized than ever and companies are struggling to adapt to the demands of young consumers and employees who are more uncomfortable with issues like inequality and climate change. Capitalism is still there, but it is recognized that it has not …

November 27, 2021 IF YOU WANT To understand how Asia’s view of the world order has changed, consider the remarks of Lee Hsien Loong, Prime Minister of Singapore. When asked recently if China is on the rise and the United States is on the decline, he responded in a nuanced manner: “If you are looking …

UNITED NATIONS, Nov.22 (Reuters) – The United Nations on Monday called for urgent action to support Afghan banks, warning that a spike in people unable to repay loans, a drop in deposits and a shortage of cash could cause the collapse of the financial system in months. In a three-page report on the Afghan banking …

This is because the circumstances that prevent my family from coming together for this holiday are not forever, so no matter how big the national and global concerns are, the next chance to be with my loved ones will be late and awe-inspiring. Live long enough and you will survive corrections, recessions, bear markets and …

Tatsufumi Sakai, chairman and chief executive of Mizuho Financial Group Inc., is set to step down as financial regulators aim to punish the company for its negligent handling of repeated problems with its main banking unit, sources familiar with the matter said Thursday. Mizuho Financial Group, one of Japan’s leading banking groups, is seeking to …