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SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese investment giant, the most prolific global investor in tech startups, continues to suffer from valuation corrections across its portfolio of private and public tec…
Robinhood announced Wednesday that it will soon allow users to engage in 24-hour trading of select exchange-traded funds and stocks. As Fortune notes, this “will make it the first U.S. brokerage to provide overnight weekday trading in individual stocks…
Boss of industry body UK Finance accuses tech companies of ‘profiting’ from scams on their platformsThe boss of the banking industry body UK Finance has called on social media companies to reimburse victims of online fraud, accusing them of “profiting”…
Leading thinktank sounds alarm over cost of living crisis with poorest £4,000 worse off in 2023 than before Covid pandemicRishi Sunak is at risk of missing his flagship target to halve inflation this year, one of Britain’s leading economic forecasters …
Row between Michael Gove and No 10 results in end of promise to scrap leaseholdsWhat is leasehold, and are there any alternatives?Plans to abolish the “feudal” system of leaseholds across England and Wales have been dropped after a battle between Downi…
Payments were given in scheme to reduce electricity consumption during high demand to help avoid winter blackoutsHouseholds and businesses in Great Britain saved enough electricity over the winter to power 10m homes by reducing their energy use during …
Chair vows retailer will stay employee-owned after row over reported plans to sell stake in partnership to investorsThe boss of John Lewis pledged the group would always remain employee-owned “no ifs no buts” after staff members backed her to continue …
FoI requests reveal at least 90 councils top-sliced childcare budget to offset deficits or add to reservesMPs have expressed concern that local authorities in England are failing to pass on government funding for free childcare places to nurseries, aft…
A study commissioned by Meta has found that the metaverse could contribute around 2.4% to U.S. annual GDP by 2035, equating to as much as $760 billion. Reuters reports: The concept of the metaverse includes augmented and virtual reality technologies th…
Sharon White wants to bring in investors to build flats above stores, potentially leading to the sale of stake in the businessThe boss of John Lewis will face a confidence vote by staff members on Wednesday as the business considers the option of raisi…