Under new proposals outlined by the Financial Conduct Authority (FCA) on Wednesday, crypto firms in Britain could be exempted from certain rules that require financial services companies to act with integrity and in the best interests of their customers. This move comes after Britain signaled in April that it would cooperate with the United States on the best approach toward digital assets. In a consultation on minimum standards designed to help fast-growing crypto firms compete internationally, Britain’s financial regulator is suggesting waiving four of its key principles for crypto asset trading platforms. These principles include that firms must operate with…
Author: Raja Zahid Khanzada
Britain and the United States have agreed to a new technology pact aimed at boosting ties in AI, quantum computing, and civil nuclear energy. The agreement, dubbed the “Tech Prosperity Deal,” includes pledges of a combined £31 billion ($42 billion) in UK investments from top U.S. firms, led by Microsoft. This deal coincides with U.S. President Donald Trump’s second state visit to Britain. British Prime Minister Keir Starmer said the pact has the potential to “shape the future of millions of people on both sides of the Atlantic” and deliver growth and security. Under pressure to reverse years of weak…
According to a new report released by the World Trade Organization (WTO) on Wednesday, artificial intelligence (AI) has the potential to boost the value of global trade in goods and services by nearly 40% by 2040. However, the report also warned that without the right policies, AI could significantly deepen existing economic divides. The WTO’s ‘World Trade Report’ projects that lower trade costs and increased productivity, both driven by AI, could lead to a substantial rise in trade and global GDP by 2040. The report forecasts that global trade could increase by 34-37% under various scenarios, while global GDP could…
Shares of StubHub, the ticket reseller marketplace, rose about 8% on Wednesday during its New York Stock Exchange debut. The strong performance valued the company at $9.32 billion and continued a recent trend of positive day-one receptions for technology platforms. The New York-based company’s stock opened at $25.35 per share, surpassing its initial offering price of $23.50. In its long-awaited U.S. IPO, StubHub raised nearly $800 million by selling 34 million shares, with a price set within its marketed range of $22 to $25 each. This successful listing comes less than six months after the company delayed its plans due…
Shares of Workday climbed nearly 9% on Wednesday after activist investor Elliott Management revealed a stake of more than $2 billion in the company and expressed support for its leadership. Workday has been actively working to maintain its competitive edge in a consolidating human resources software market, where integrating AI has become essential to meeting evolving client demands. In a move to signal its confidence in its long-term growth trajectory, the company announced on Wednesday its plan to buy back $5 billion worth of its stock through fiscal 2027. On Tuesday, Elliott praised Workday’s chief executive officer and finance chief,…
On Wednesday, Amazon announced its plans to invest more than $1 billion to increase wages and lower healthcare costs for its U.S. fulfillment and transportation workforce. The company stated that this investment would raise the average total compensation for these employees, including benefits, to over $30 an hour. The technology giant noted that the average pay would climb to more than $23 per hour, with full-time workers receiving an average annual raise of $1,600. Furthermore, beginning in 2026, the company is reducing the cost of its entry-level healthcare plan to $5 per week and $5 for co-pays, which constitutes a…
Alphabet’s Waymo and ride-hailing company Lyft have announced a partnership to begin offering autonomous cab rides in Nashville next year. Initially, riders in the “Music City” will be able to summon driverless taxis using the Waymo app. As the service expands, the companies stated that riders will also be able to use the Lyft app to match with a Waymo vehicle. As part of the agreement, Lyft will invest an undisclosed amount in a dedicated facility for fleet management, where it will be responsible for charging and maintaining the Waymo vehicles. Both companies anticipate that Lyft’s services will help maximize…
On its 20th anniversary, YouTube has transformed from a scrappy platform for amateur users into a global media powerhouse. Now commanding 2.7 billion users, it’s a destination for professional-grade content from global celebrities like pop star Dua Lipa. YouTube has become the most popular way for Americans to consume TV content and is projected to surpass Disney’s media revenue this year. At its recent “Made on YouTube” event, executives from the Google-owned company unveiled a plan for how AI will drive its future. They championed video creators as the future of media, now freed from the constraints of traditional executives.…
Candace Cameron Bure’s daughter, Natasha Bure, has finally tied the knot with Disney star Bradley Steven Perry. The 49-year-old actress surprised her fans on Tuesday by sharing stunning photos from her daughter’s wedding on her Instagram account. “We introduce to you Mr. And Mrs. Perry!! A huge congratulations to the sweetest @bradleysperry and our beautiful daughter @natashabure on the celebration of their marriage!” Candace wrote in the caption. The Fuller House alum added, “We couldn’t have asked for a kinder man than Bradley to love and care for our girl. Natasha, you are radiant inside and out and are already…
Kristin Davis says she and her castmates were caught off guard by the news that HBO’s “And Just Like That” would be ending after three seasons. Davis, who plays Charlotte York in the “Sex and the City” franchise, recently reflected on the reboot’s conclusion during an appearance on “The Drew Barrymore Show.” “It’s definitely true, we didn’t know,” the actress confirmed on Tuesday. “Our commitment that we had made was a three-year commitment to each other, so we knew that part, but I just assumed that we were going to keep going. That’s how I am,” she added. Last month,…
