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Turkish VC That Earned 20-Fold Return Raises $250 Million Fund As Bek Ventures




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Trump’s victory has fractured the western order – leaving Brexit Britain badly exposed | Rafael Behr

To navigate the dangerous new era, Keir Starmer must end the culture of denial around the biggest strategic mistake of modern times The 35th anniversary of the Berlin Wall coming down was not commemorated much in Britain last weekend. It is no Poppy Day. The unravelling of the iron curtain doesn’t…




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Big business is better than you think (rooftops)

We characterize optimal product market policy in an unequal economy in which firm ownership is concentrated and markups increase with firm market shares. We study the problem of a utilitarian regulator who designs revenue-neutral interventions in the product market. We show that optimal policy…




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Moldova protests to Russian, Georgian envoys over election meddling

The Foreign Ministry summoned the ambassador of Russia, but also the chargé d'affaires of Georgia, for comments by country's prime minister it said called into question the integrity of Moldova's polls.




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Wall Street expected to rake in end-of-year bonuses

The $20 Secret Santa limit applies to everyone except your friends who work in finance. Wall Street bankers are about to cash substantially bigger bonus checks at the end of this year, according to a report released yesterday by Johnson Associates. Coming after two consecutive years of lower…




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Allianz revenues increase 17.3% to €42.8B in Q3

More to come......




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RWE Plans €1.5 Billion Buyback as US Politics Cloud Investments




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Swedish Fintech Klarna Files for Widely Anticipated IPO in US




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Here are the best Black Friday deals you can already get

Can’t wait until Black Friday to start your holiday shop or score a killer deal on a gadget you’ve been eyeing? You may not have to. Although Black Friday isn’t until November 29th, Best Buy, Walmart, and Target have begun rolling out their holiday discounts, many of which are available elsewhere.…




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Sweden’s social services likely to soon have more powers to tackle gang recruitment

The Swedish government has proposed to give social services a greater role in preventing young people from joining criminal gangs by changing the confidentiality rules between public services. Before the summer, the Swedish government presented a new Social Services Act, which, among other things,…




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Allianz Sees Profit At Top End of Forecast After Strong Quarter




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Portuguese FM warns of EU’s ‘cultural tendency’ to overregulate

Portuguese Foreign Minister Paulo Rangel warned on Tuesday of the downside of Europe's "cultural tendency" to "over-regulate" and called for a better "balance" between technological development and the defence of democracy and human rights. Read more. "Europe has a cultural tendency to…




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Polish parliament debates making Christmas Eve a public holiday

Chances of the bill being passed this year are not high.




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ABN Amro Interest Income, Impairment Releases Drive Profit Beat




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Trump Plans To Strengthen Crypto Policy With Dedicated Advisor And Presidential Council | Bitcoinist.com

President-elect Donald Trump is poised to reshape the US government’s approach to crypto, actively seeking candidates with industry-friendly views for key regulatory positions. According to the Washington Post, as part of his strategy to establish the United States as the “crypto capital of the…




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Early Black Friday apparel sales are live — shop the 15 best sales from Patagonia, Carhartt, Ugg and more

Shopping for clothing is one of my favorite past times — and with all the early Black Friday apparel sales happening now, it's starting to feel like Christmas morning! Apparel and shoes are seeing some of the biggest markdowns with popular brands like Lululemon, Nike, Adidas, Patagonia and more…




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Vietnam Airlines to request bids for 50 narrowbody jets next year

BANDAR SERI BEGAWAN, Brunei (Reuters) -- Vietnam Airlines will issue a request for proposal to aircraft manufacturers next year to purchase 50 narrowbody jets, its CEO said on Wednesday. The carrier last year signed a provisional deal with Boeing BA for 50 737 MAX planes that has yet to be…




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US prohibits airlines from flying to Haiti after planes were shot by gangs

US prohibits airlines from flying to Haiti after planes were shot by gangs PORT-AU-PRINCE, Haiti — The Federal Aviation Administration prohibited U.S. airlines from flying to Haiti for 30 days after gangs shot three planes and the United Nations also Tuesday temporarily suspended flights to…




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Bulgarian president supports net zero carbon target in Baku

Bulgarian President Rumen Radev spoke about the threat of climate change at the COP29 climate summit in Baku on Tuesday, where he backed a net zero target, admitting that just 10 years ago, he would have thought the goal was incompatible with competitiveness. The UN summit in Baku runs from 11 to…




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Romanian election candidates use fake accounts to smear opponents

Fake social media accounts are being used in Romania's ongoing presidential and parliamentary election campaigns to artificially boost the popularity of certain candidates and promote content targeting their opponents, according to an analysis by the Romanian Intelligence Service (SRI). The SRI…




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Asia-Pacific markets fall after Wall Street postelection rally fizzles

Asia-Pacific stock markets were trading mostly lower Wednesday, tracking losses on Wall Street as the U.S. post election rally stalled overnight. Asian traders assessed corporate goods data out of Japan, which showed year-on-year producer price growth, or wholesale inflation, in October reached…




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SoftwareOne reports "disappointing" Q3 results

SoftwareOne Holding sales increased during its third quarter by 1.4%, the company said on Wednesday, adding that discussions about taking it private were progressing but were "challenging". Group revenues increased to 236.7 million Swiss francs ($268.06 million), while adjusted core operating…




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Why investors should stick with stocks despite warnings of a ‘lost decade’ ahead




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Interval Funds Are Hot. Do Investors Understand the Risks?




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Irish innovator makes history at James Dyson Awards

Humphreys's product dramatically reduces the price and increases the portability of the life-affirming treatment. Read more: Irish innovator makes history at James Dyson Awards




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‘Fart blaster’ tops Christmas toy wishlist as experts predict record sales

Despicable Me 4 tie-in smells more like popcorn while a waddling duck and an interactive pet monkey also feature A “fart blaster” with a repertoire of 15 sounds that blasts “fog fart rings” and a waddling mother duck are among the toys destined to appear on Christmas lists as experts predict a…




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Web Summit: Chess Grandmaster Hans Niemann to face global opponents advised by AI

Hans Niemann is gearing up to play tens of thousands of players simultaneously at Web Summit. The chess world will try and break a new record at the Web Summit technology conference in Lisbon this week when Grandmaster Hans Niemann competes online against what he hopes will be tens of thousands of…




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COP29 host Azerbaijan hits out at West in defence of oil and gas

President Ilham Aliyev described his country as a victim of a "well-orchestrated campaign of slander and blackmail".




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Dogecoin Trade Goes From Meme to Reality as Donald Trump Confirms D.O.G.E

In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.




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Elon Musk wades into Italian political drama over Albanian migrant deal

In today’s edition of the Capitals, find out more about new polls showing growing support for Czechia's populist Motorists party, billionaire Elon Musk slamming Italian judges in row with Meloni, and so much more.




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Bitcoin pushes past $90K amid meteoric 24-hour rally




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FTSE 100 Live: Pound Sinks Further to Lowest Level Since August




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J. Zachary Mazlish on median wages under Biden

An excellent post, one of the best things written this year in economics. Here is part of the bottom line: Inflation did make the median voter poorer during Biden’s term. In no part of the income distribution did wages grow faster while Biden was President than they did 2012-2020. This is true in…




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Japan's 7-Eleven owner eyes going private with $38bn buyout

TOKYO -- Japan's 7-Eleven convenience store chain owner Seven & i Holdings is considering plans to go private by means of a management buyout, Nikkei learned on Wednesday. In a statement responding to the reports, the retail giant has admitted that it has received such an offer from its founding…




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A look at Qwen2.5-Coder-32B-Instruct, which Alibaba claims to match GPT-4o's coding capabilities and is small enough to run on a MacBook Pro M2 with 64GB of RAM

Qwen2.5-Coder-32B is an LLM that can code well that runs on my Mac 12th November 2024 There’s a whole lot of buzz around the new Qwen2.5-Coder Series of open source (Apache 2.0 licensed) LLM releases from Alibaba’s Qwen research team. On first impression it looks like the buzz is well…




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German lithium plant hopes to turbo-charge Europe’s EV makers

Vulcan Energy says its new plant west of Frankfurt, now in its pilot phase, plans to soon produce lithium for batteries used by auto manufacturers including Volkswagen, Renault and Stellantis.




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Europe lower in premarket as US inflation takes center stage

European stock indexes traded lower in Wednesday's premarket session, with the US Consumer Price Index (CPI) report firmly on investors' radar ahead of its release at 2:30 pm CET. Analysts anticipate ...




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Mutual Fund Investors Face Unwanted Tax Bills. Are You on the List?




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Europe premarket lower as US inflation takes center stage

European stock indexes traded lower in Tuesday's premarket session, with the US Consumer Price Index (CPI) report firmly on investors' radar ahead of its release at 2:30 pm CET. Analysts anticipate in...




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"We Must Do Whatever It Takes!" - Netherlands Reinstates Temporary Border Controls To Curve Illegal Immigration

"We Must Do Whatever It Takes!" - Netherlands Reinstates Temporary Border Controls To Curve Illegal Immigration Authored by Thomas Brooke via Remix News, The Netherlands has announced it will reintroduce internal border checks starting Dec. 9 in fresh efforts to manage illegal immigration. The…




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How to save a bundle on children’s clothes

From swap meets to looking after clothes correctly, you can save cash while making your children’s wardrobes more sustainable Charity shops can be a goldmine for bargains – use the Charity Retail Association’s online search page to find ones that stock children’s clothes, or in London, head to one…




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Ford is slashing the working hours of some of its German factory employees amid what it calls a 'significantly lower than expected' demand for its EVs

Ford is getting its workers in Cologne, Germany, to work fewer hours. The carmaker said a "lower than expected demand for electric vehicles" brought on the shift. The carmaker has more than 4,000 employees at its Cologne plant. Ford is slashing the work hours of its manufacturing plant workers in…




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Japan's Seven & i says receives buyout proposal from founding Ito family




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YouTube is testing a new feature that will let a small group of creators use AI to “restyle” licensed songs for their Shorts through prompts

YouTube is testing a new feature that will let creators use AI to “restyle” licensed songs for their shorts. The small group of creators with access can enter a prompt to change up different elements in a song, such as its mood or genre, and the expansion of YouTube’s Dream Track AI feature will…




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Thames Water Gets Key Creditor Support to Advance Rescue Plan




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How business owners can prepare for potential tariff hikes in 2025

President-elect Donald Trump has promised tariff hikes. Here's what experts say business owners should be doing now to prepare.




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Just Eat Takeaway announces that it is selling Grubhub to Wonder in a $650M deal expected to close in Q1 2025; Just Eat bought Grubhub for $7.3B in 2020

Netherlands-based Just Eat Takeaway announced today that it is selling Grubhub to Wonder in a deal valued at $650 million. The company said that it expects the deal to be completed by Q1 2025. “The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com…




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Bluesky Pulled a Million New Users After Election as More Abandoned Musk’s X

The reelection of Donald Trump as president last week brought a wave of jubilation to X (formerly Twitter). The influencers and megadonors who supported the Republican nominee delighted in the defeat of his opponent, Vice President Kamala Harris, while giddily speculating about the extremist…




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China said to hold meeting on economic woes

The Chinese authorities are seeking to host a meeting with the representatives of major international economy-focused organizations to discuss its progress and the situation around the globe, the Sout...




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Israeli forces strike Oct. 7 attacker's cell in Gaza

The Israeli Defense Forces (IDF) said on Wednesday that it eliminated a militant cell member, Yasser Ghandi, in Gaza's Shejaiya area who allegedly participated in the October 7 attack in Israel that l...