Skype founder’s VC firm raises $1.24 billion to back European tech startups
Atomico, which was founded by Skype co-founder Niklas Zennström, raised two new funds worth $1.24 billion to back European technology firms.
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EU’s ‘Draghi report’ warns weak growth threatens bloc’s geopolitical relevance and climate targets
The report lays out major challenges that the EU must address through a new industrial strategy, which would include reducing enegy prices.
Huawei’s tri-fold phone gets 2.7 million pre-orders ahead of Apple’s iPhone 16 launch
Huawei has received more than 2.7 million pre-orders for its new, tri-fold smartphone, according to its website Monday.
Nikkei leads losses in Asia, briefly falling 3% as markets decline after weak U.S. jobs data
Investors in Asia will assess Japan’s revised second-quarter GDP and look toward China’s August inflation data.
Why the father of ‘life planning’ says you’re managing money the wrong way
George Kinder, recognized as the founder of financial life planning, thinks consumers are shortchanging themselves by putting off goals until retirement age.
Alzheimer’s drug Leqembi promises to give patients more time, but they face a long road to treatment
Leqembi’s rollout has been slowed by bottlenecks related to reimbursement uncertainties, diagnostic test requirements and regular brain scans, among others.
Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Saudi Minister of Investment Khalid al-Falih pushed back on skepticism of Riyadh’s economic diversification.
JPMorgan downgrades its opinion on China, but still likes these individual stocks
As the summer holidays end, investors in China are coming to accept that consumption and growth will remain sluggish for a while.
ETFs are on pace to break record annual inflows, but this wild card could change it all
ETF inflows could rise as investors begin to search for other opportunities outside of money market funds.
3 ways Wall Street’s largest banks are leveraging AI to increase profitability
Top finance leaders are becoming convinced that the tech will transform their businesses.