Banking groups in the Eurozone want access to the London derivatives trading market — a multi-trillion dollar market — and other major markets. Finance trade bodies are positing that the bloc is at a “cliff edge” unless it moves to further extensions letting European Union...
The U.K. will be looking at making its regulators help boost growth and competition in finance, in addition to their other tasks, a Wall Street Journal (WSJ) report says. Their normal duties like maintaining financial stability and consumer protection will still be first priority. But...
Black Friday might have started in the U.S., but the annual retail frenzy has exploded in popularity across the African region in recent years, with people flocking to take advantage of the best deals retailers have to offer. Africa-focused online marketplace Jumia was quick to...
In today’s top Europe, Middle East and Africa news, UK investing app Freetrade surpasses funding goal by 800%; Sweden calls on Europe to pull the plug on bitcoin mining. Plus, Kenyan FinTech Asilimia closes $2M pre-seed funding, Pan-African firm M-KOPA’s pay-as-you-go model, and UK lawmaker...
Ant Group has begun telling customers whether they’re borrowing from the company or from an outside lender, as founder Jack Ma continues his attempts to follow Chinese regulations, according to a Wall Street Journal (WSJ) report Wednesday (Nov. 24). Ant has been trying to revamp...
eCommerce marketplace Wish is suing the French government after the government ordered that Wish be removed from online platforms and search engines over product safety concerns, per a Tech Times report Wednesday (Nov. 24). Wish says it has always complied with the demands of the...
Apple iPhones and other electronics are out of reach for people in Turkey after the lira continues dropping, losing 40% in value since the start of 2021, 20% since the beginning of last week, and a historic 15% in a single day, according to multiple...
Singapore’s Coda Payments Pte is seeking a valuation of at least $4 billion as it explores a sale or initial public offering (IPO), according to a Tuesday (Nov. 23) Bloomberg report. Goldman Sachs is advising Coda Payments on a strategic review that includes whether to...
In today’s top Europe, Middle East and Africa news, Turkish delivery startup Getir is set to buy U.K. rival Weezy, and Circle uses USDC to invest $10.5M in U.K.-based Crowdcube. Plus, the Italian Antitrust Authority fines Amazon and Apple over $225 million, Klarna introduces Pay...
