World’s richest people revealed as top 20 add $700bn to their wealth April 2, 2024 The world's 20 richest people have added around $700bn to their combined wealth over the last year, according to Forbes latest rich list.
Wise poaches Delivery Hero finance chief as customers swell and competition intensifies March 25, 2024 Money transfer firm Wise has appointed Delivery Hero's chief financial officer Emmanuel Thomassin to be its new CFO as the company sees a surge in customer numbers and rising competition.
British Land and Royal London ink joint venture for former Meta HQ in Euston March 18, 2024 Facebook owner Meta exited its corporate lease in the building in September last year.
Meta faces European complaints over ‘gargantuan’ data collection February 29, 2024 Consumer groups have criticised Meta's ad-free offerings, which they say leaves users with an “unfair ‘pay-or-consent’ choice” in the face of mass data collection.
Why Meta’s Northern Europe chief is going all in on AI February 27, 2024 Derya Matras, Meta's vice president for Northern Europe, sits down with City A.M. to explain how the company is looking to harness the power of AI and why the firm still believes in the Metaverse.
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.
Big tech faces backlash over big water consumption February 25, 2024 Tech giants like Microsoft, Google, and Meta have ramped up their water usage to cool their data centres, increasingly used for AI services.
Moving markets: Will FTSE 100 ride the Nvidia ‘FOMO’ wave in AI trade today? February 23, 2024 Asian markets rose with Wall Street on Nvidia's AI FOMO. Oil prices fell, and China's new home prices dropped. Investors await Germany's GDP data and StanChart's earnings.
Nvidia surges to record $277b market cap in single day, riding AI ‘FOMO’ wave February 23, 2024 Nvidia, a leading chipmaker, shattered records by achieving the largest single-session market capitalization increase for a publicly listed company.
Moving markets: Five things shaping the FTSE 100 today February 15, 2024 Asian markets rose in line with Wall Street's momentum. Uber, Lyft, and Nvidia drove the S&P 500, while Bitcoin surpassed $52,079. Japan entered a recession, drawing attention to the UK Q4 GDP and U.S. retail sales.