The Federal Trade Commission (FTC) has filed a lawsuit against Seek Capital and its CEO Roy Ferman for allegedly operating a deceptive business finance scheme that caused significant financial harm to small business owners. According to the FTC’s complaint, the company’s fraudulent practices have resulted in more than $37 million in damages to small business […]
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The financial inclusion community has a pivotal opportunity to help shape amendments to the global anti-money laundering, terrorist, and proliferation financing (AML/CFT/CPF) standards set by the Financial Action Task Force (FATF). With a public consultation open until December 6, 2024, the FATF is seeking feedback on revisions that will better align its risk-based standards with […]
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At COP29 in Azerbaijan, a landmark pledge was made by major development banks, including the World Bank, to ramp up climate finance in the coming decade. The commitment of $120 billion annually by 2030 represents a 60% increase from current levels and aims to address the urgent climate challenges faced by low- and middle-income countries, […]
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In a move set to empower the next generation of engineers, the GE Aerospace Foundation has officially launched its Next Engineers program in Warsaw, Poland, in collaboration with the Perspektywy Education Foundation. The program, which has already made significant strides in other parts of the world, aims to inspire and prepare young people to pursue […]
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As artificial intelligence (AI) continues to revolutionize industries across the globe, its impact on the financial trading sector has been especially profound. AI-driven algorithms, machine learning models, and high-frequency trading systems have significantly increased trading speeds, improved the efficiency of data analysis, and reshaped investment strategies. However, despite the advanced capabilities of AI, human traders […]
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On 13 November 2023, London played host to 3-SPACE, an exclusive event designed to bring together leaders from across the worlds of innovation, impact, and investment. Held by Rothschild & Co Wealth Management UK in collaboration with Impact VC and UpLink, 3-SPACE provided a dynamic platform for startups, investors, and industry leaders to discuss and […]
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In a bold move aimed at driving economic growth and modernizing the UK’s pension system, Chancellor Rachel Reeves has unveiled plans to unlock up to £80 billion in investment through the creation of pension megafunds. These large-scale investment vehicles are designed to consolidate the country’s fragmented pension system, channeling the considerable savings of British workers […]
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Introduction In a landmark move to accelerate global climate action, the Climate Investment Funds (CIF) has launched its Capital Market Mechanism (CCMM), a groundbreaking initiative designed to raise up to $75 billion (£58 billion) for clean energy projects in developing countries. The scheme will issue investment-grade bonds listed on the London Stock Exchange (LSE), aiming […]
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Introduction As the United States continues to ramp up its efforts to strengthen its semiconductor manufacturing capabilities, Taiwan Semiconductor Manufacturing Company (TSMC) and GlobalFoundries have secured a $13 billion share of the Chips Act funding. This funding, which is part of the CHIPS and Science Act, aims to bolster domestic chip production and reduce reliance […]
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Volkswagen Group has raised its investment in Rivian Automotive by 16%, bringing its total stake in the electric vehicle (EV) manufacturer to a substantial $5.8 billion. The two companies announced the move on Tuesday, marking a significant step forward in their collaborative efforts to revolutionize the electric vehicle industry. This increased investment comes as Volkswagen […]
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