Business / Finance
Raffles Family Office is building a wealth manager for Asia’s stablecoin billionaires
Younger billionaires are more likely to store their wealth on the blockchain.
EXCLUSIVE: Robinhood bets $10 million on AI coding tool maker Cognition—after previously backing a rival
“It’s not a winner-take-all market,” says Sarah Pinto, head of Robinhood Ventures.
PG&E’s CEO says AI is ‘the best thing that could’ve ever happened to the grid’
Also: All the news and watercooler chat from Fortune.
‘Overnight, everything was dead’: the Teeside fisherman turned activist dubbed the Mr Bates of the seas
When thousands of dying crabs washed up on a Yorkshire beach in 2021, Stan Rennie’s livelihood was immediately threatened. Five years later, he’s leading the fight back against to…
Boom in weight-loss drugs could lead to drop in beer sales, Heineken warns British pubs
World’s second largest brewer says use of drugs such as Wegovy can reduce desire to drink alcoholHeineken has warned British bars and pubs that the boom in popularity of weight-lo…
America must reverse Trump’s moral squalor | Robert Reich
The president shows a unique disregard for the opinions, norms and ideals of the nation – and, for that matter, humanityThe Democrats’ focus on affordability seems to be a winning…
Sweden’s central bank revives e-krona debate as stablecoins and digital euro loom
The Riksbank sees an e-krona as critical to securing national payments and monetary control.
Bitcoin in 'Wait and See Mode'—And That Might Be a Good Thing
The crypto market has been quiet as of late. Market analysts think that might actually be a good sign and that a bull market might be near.
HSBC launches Hong Kong dollar stablecoin for retail payments
HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses.
The Indian workers filming their work to train AI
Indian workers are being paid to film themselves at work and the footage is used to train AI.
India's largest exchange denies hack after sleuths pointed to $16 million in suspicious outflows
CoinDCX denies its active wallets were hacked after sleuths flagged $16 million in outflows from addresses linked to the India-based exchange.
Malaysia, Thailand join Singapore’s cross-border stablecoin push
BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
Bitcoin ETFs bleed $635M as October slides back into the red
Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October.
The $18 billion Ford Foundation is getting its biggest overhaul since 2015 to fight autocracy—with about $700 million in grants expected in 2027
Less than a year into the job, president Heather Gerken is reorganizing the 90-year-old philanthropy around seven funding areas.
Europe wants more than promises from American tech
European businesses are questioning how much control they have over the technology they depend on.
Global stocks wobble as AI fears grow; retail sales in Great Britain fall in September as shoppers cut back - business live
Rolling coverage of the latest economic and financial newsConsumer confidence in the UK has fallen at the fastest rate outside the Covid pandemic since the 2016 Brexit vote as the…
Mark Zuckerberg owns 13% of Meta but controls 61% of its votes. California’s wealth tax would bill him on the 13%
Paying a potential $12 billion bill would have meant selling the shares that give him control. A new class of stock solves that.
Five homes in England to get sport lovers’ hearts racing – in pictures
From recreation-rich pile in Devon to former coach house near Windermere, properties that energise Continue reading...
‘We’ve lost a basic sense of politeness’: UK readers reveal daily reality of public transport
Regular users detail their frustrations – and question whether Andy Burnham’s crackdown on antisocial behaviour will actually work Andy Burnham has announced a campaign against nu…
Companies risk a CFO talent crisis by automating junior finance roles
As AI replaces the entry-level work that trained generations of finance chiefs, CFOs are rethinking how they hire and develop junior talent before the pipeline runs dry.
Renting in London - 'I pay £2,000 for one bedroom'
We ask people in the capital how much they pay for their homes.
'I live in the dark': How rising bills are shaping daily life
Errol McGuiness says he has changed his daily routine to cope with higher household bills.
Ethereum delays Glamsterdam Hoodi testnet launch over security risks
ChainSecurity said it identified 13 real-world examples of smart contracts potentially affected by Glamsterdam’s gas changes and is coordinating responsible disclosure with affect…
Polymarket has reportedly fired its marketing chief, also a close friend of the CEO
Matthew Modabber was reportedly ousted after an internal probe of several instances of misconduct, according to the New York Post.