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Finance

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage
04 Jul 2024

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage

Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage.
AI frenzy expected to have boosted Samsung Q2 profit 13-fold

AI frenzy expected to have boosted Samsung Q2 profit 13-fold

04 Jul 2024
Samsung Electronics is expected to post a 13-fold  increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices.
Promoting financial literacy in the UK

Promoting financial literacy in the UK

03 Jul 2024
Developing financial literacy is essential, not only for breaking generational cycles of debt but also to give people the skills needed for a successful life
AI is changing banking, UBS executive says

AI is changing banking, UBS executive says

03 Jul 2024
UBS is seeing a shift in the way clients are interacting with their bankers powered by artificial intelligence, the head of the Swiss bank’s domestic business Sabine Keller-Busse said on Tuesday.
Nexi partners with Amazon Italy to support Bancomat Pay payments
03 Jul 2024

Nexi partners with Amazon Italy to support Bancomat Pay payments

Italian payments group Nexi said it had signed a partnership with Amazon’s local arm allowing clients of the e-commerce giant to shop on its Italian website paying with a local debit card service dubbed BANCOMAT Pay.
The state of European private equity

The state of European private equity

02 Jul 2024
The European private equity landscape has faced significant headwinds recently: buyout deal activity in 2023 was the lowest it’s been in 6 years
Can supermarket banking brands survive?

Can supermarket banking brands survive?

01 Jul 2024
To succeed in financial services, supermarkets must differentiate their banking brands from traditional banks as well as from their grocery brands
The rise of the robo-advisor

The rise of the robo-advisor

27 Jun 2024
Jeremy Swinfen Green explores the power of financial robo-advisors and outlines how financial services companies can strengthen the trust consumers have in them
Nvidia shares surge nearly 7%, bouncing after $430 billion market slump
27 Jun 2024

Nvidia shares surge nearly 7%, bouncing after $430 billion market slump

Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker’s market value.

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