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When Joe Kinvi joined Irish startup Touchtech Payments in 2017 as head of finance, the company couldn’t afford his full salary. So Kinvi negotiated stock options instead — a decision that paid off handsomely when Stripe acquired the company just 18 months later. With his newfound financial freedom, Kinvi bootstrapped a side project that would…
Japan’s Central Bank on Tuesday announced a measured approach to slowing its government bond purchase reductions while maintaining its benchmark interest rate at 0.5%, as rising growth risks weigh on the economy. The Bank of Japan (BOJ) confirmed it would continue reducing monthly Japanese government bond (JGB) purchases by around 400 billion yen ($2.76 billion)…
When Spotify CEO Daniel Ek isn’t transforming the music industry or building his AI-powered health startup, he’s making bold moves in European defense technology. Ek’s investment Firm, Prima Materia, has just led a massive €600 million funding round in Helsing — a Munich-based defense tech startup — catapulting its valuation to €12 billion, as first…
Google has introduced its new Safety Charter in India, aiming to bolster AI-led efforts to detect fraud and combat scams in the country—its largest market outside the U.S. This move comes as digital fraud continues to surge, with Unified Payments Interface (UPI)-related fraud growing 85% year-over-year to ₹11 billion ($127 million), according to government data….
The Trump Organization is expanding its business empire once again — this time into the mobile phone market. On Monday, the company announced Trump Mobile, a new wireless service and a $499 smartphone, both set to hit the market in September. A Presidential Phone and Plan Trump Mobile’s flagship product is the “T1” smartphone, which…
Tencent, the Chinese technology giant best known for its dominance in gaming and social media, is now accelerating efforts to expand its cloud computing footprint in Europe. According to Dowson Tong, CEO of Tencent Cloud, the company aims to leverage its unique strengths to carve out space in a market dominated by American hyperscalers. In…
AI stylist and personal shopping platform Alta just closed an $11 million seed round led by Menlo Ventures, signaling growing investor appetite for AI-powered consumer experiences in fashion. Founded by tech veteran Jenny Wang, 28, Alta offers an AI-driven personal stylist that recommends outfits based on users’ budgets, lifestyles, weather, and calendar. The platform also…
Japanese investment firm Metaplanet has cemented its position among the top corporate Bitcoin holders after acquiring 1,112 BTC worth ¥16.88 billion ($117 million) on Monday. With this latest purchase, Metaplanet’s total Bitcoin holdings have reached 10,000 BTC, surpassing Coinbase’s 9,267 BTC, according to data from Bitbo. This move propels Metaplanet into the seventh position among…
China’s retail sales surged in May, growing at the fastest pace since December 2023, fueled by government subsidies and strong online shopping demand. Official data released by the National Bureau of Statistics (NBS) on Monday showed retail sales rose 6.4% year-on-year, beating economists’ forecast of 5% and marking a sharp acceleration from April’s 5.1%. This…
India’s position as a global remittance leader is growing stronger, with inflows rising from $55.6 billion in 2010–11 to $118.7 billion in 2023–24, according to the Reserve Bank of India. With projections placing remittances at $160 billion by 2029, the demand for seamless, digital financial services for non-resident Indians (NRIs) is rapidly accelerating. Enter Aspora—formerly…