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European council set to push for finance exclusion from CSDDD
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Decentralized Finance Is Becoming Less Competitive a Year After FTX’s Collapse Roiled Crypto
(Bloomberg) — A small number of participants are dominating the world of decentralized finance as the crypto sector, which seeks to replicate financial markets without middlemen, still hasn’t recovered from FTX’s collapse a year ago.Most categories in DeFi — from peer-to-peer lending to decentralized exchanges — are seeing capital largely held in a few major…
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‘I Owe $90K in Private Student Loans. What Do I Do?’
Photo-Illustration: by The Cut; Photo: Getty Images I recently got a notice in the mail saying my student-loan servicer has sold my loans. I was in deferment for a year (these are private student loans, so they weren’t affected when the government put federal student loans on hold), but I still owe about $90,000. It…
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Hong Kong is ‘place where you can make money’, Paul Chan tells Silicon Valley
“Apart from starting a business within 24 hours, easy access to capital, excellent banking services, and what’s more, law and order – we are a safe city. For education, we are excellent,” said Chan, who earlier pledged to dispel “negative narratives” that might be keeping investors away.“It is basically a place where you can make…
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Embraer, UKEF Agree to Credit Operation to Finance Aircraft Purchases
By Jeffrey T. Lewis SÃO PAULO–Embraer said Thursday it reached a framework agreement with UK Export Finance for a credit operation intended to help finance aircraft purchases from the Brazilian aerospace company. UKEF is a British government agency that helps finance local exports, and will be the guarantor of credit for future financial transactions. Embraer…
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Equipment Finance Industry Confidence Steady in November
According to the Equipment Leasing & Finance Foundation’s November 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 42.8, an increase from the October index of 40.1. “The depth of geopolitical uncertainty and our own domestic political uncertainty will have a significant impact on how…
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Insiders Say Eat Just Is in Big Financial Trouble
Popular vegan egg and lab-grown-meat company Eat Just is in deep financial trouble. A WIRED investigation bringing together court records, documents, and interviews from former employees suggests that the company frequently struggled with paying its suppliers on time. Now it is being sued by a former partner for roughly $100 million and faces lawsuits from…
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Ex-finance minister Frieden becomes Luxembourg’s new PM
BRUSSELS, Nov 16 (Reuters) – Luxembourg’s former finance minister Luc Frieden will become the country’s new prime minister, leading a government coalition of his Christian democratic party and the liberal party of former Prime Minister Xavier Bettel.Frieden’s Christian Social People’s Party (CSV), Luxembourg’s long-dominant centre-right party, won the election last month, leaving the former coalition…
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Rich Nations ‘Likely’ Met $100 Bn Climate Finance Goal: OECD
Wealthy nations look likely to have met their goal of providing $100 billion in annual climate finance to poorer nations last year — two years later than promised, the OECD said Thursday. The Organisation for Economic Co-operation and Development is tasked with monitoring official figures on the pledge to help developing countries fund their energy…
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Can you trust AI for financial advice? Or would you lose it all?
<!–> Financial planner Sean Caldwell and son Jacob Caldwell discuss the benefits of saving early in life on ‘The Big Money Show.’ Gen Z is applying their tech-savvy mentality to money-making decisions, but helping them reach their retirement age goal of 61 paints a murky investment picture. “A lot of these young people now…