U.S. auto safety regulators said on Monday that they are investigating whether Ford Motor’s 2022 recall of nearly 49,000 Ford Mustang Mach-E electric vehicles adequately addressed concerns and whether it should be expanded to more vehicles. Ford issued the June 2022 recall because high voltage battery main contactors may overheat from DC fast-charging and repeated wide-open pedal events, […]
PayPal’s stablecoin is likely to succeed where Facebook’s failed, thanks to the payment giant’s standing in Washington and policymakers’ greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the U.S. dollar, making it the second major global company to launch a […]
Johnson & Johnson said on Monday it was expecting to retain a stake of about 9.5% in its newly separated consumer health unit, Kenvue, after completing a share exchange offer. Shares of the consumer health company rose 1.4% in premarket trading. J&J launched the exchange offer last month under which its stockholders could opt for shares of the […]
Goldman Sachs is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving the ultra-rich and away from high-net-worth clients in mass markets. The Wall Street bank is evaluating alternatives for its registered investment adviser (RIA) unit, called Personal Financial Management (PFM), which manages […]
Digital solutions and data are powerful accelerators in the ongoing transformation of health systems and how health care is delivered for everyone. But current approaches are opportunistic, piecemeal, and fragmented. New thinking—a digital-in-health approach—is needed to get more value out of technology and data, ensuring health systems deliver care that is accessible, equitable and cost-effective. […]
An expansion of the BRICS bloc under consideration at a summit this week has attracted a motley crew of potential candidates – from Iran to Argentina – with one thing in common: a desire to level a global playing field many consider rigged against them. The list of grievances is long. Abusive trade practices. Punishing sanctions regimes. […]
How it started Founded in 2020 by Dominic Duru and Khalid Talukder, DKK Partners is an emerging markets FX liquidity provider with annual revenues of more than £100m, up from £63m last year. The secret behind DKK’s success is the company’s ability to combine the latest trading technology alongside on the ground market intelligence. Following […]
Moderate Democrats in the U.S. House of Representatives have formed a working group on artificial intelligence aimed at tackling the issue of what restrictions, if any, should be put on the technology. The New Democrat Coalition announced the formation of the group on Tuesday, saying it would work with the Biden administration, companies and other […]
VinFast’s shares soared in thin trading in their Nasdaq debut on Tuesday following the Vietnamese electric vehicle maker’s $23 billion backdoor listing as the startup said it was likely to raise money from global investors within 18 months. The stock opened at $22, more than double the $10 per share agreed with VinFast’s SPAC partner Black […]
Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC). The move will allow Coinbase to offer bitcoin and ether futures directly to eligible U.S. customers. Until now, only its institutional […]
