Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Images Trading in cryptocurrencies is akin to gambling and should be treated as such, British lawmakers said. Unbacked tokens like bitcoin and ether aren’t underpinned by underlying assets and have “no intrinsic value,” …

Generic stock pictures of the Astra assembly line at Vauxhall’s plant in Ellesmere Port, Cheshire. Picture date: Tuesday July 6, 2021. Peter Byrne – Pa Images | Pa Images | Getty Images LONDON — Executives from Stellantis, the automaking giant behind brands including Peugeot, Chrysler and Citroën, are meeting with …

Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images Blockchain firm Ripple said Wednesday it has acquired Metaco, a Swiss firm that holds digital assets securely on behalf of clients, in a bid …

Target on Wednesday topped Wall Street’s earnings expectations, even as the discounter’s sales barely grew year-over-year and its shoppers bought more necessities. Shares were choppy in premarket trading as investors processed the report and the company’s second-quarter guidance. Target said it expects sales to remain sluggish in the current quarter, …

Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini | AFP | Getty Images UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, …

KHARTOUM, Sudan – May 6, 2023: Sudanese Army sodliers walk near armoured vehicles stationed on a street in southern Khartoum, amid ongoing fighting against the paramilitary Rapid Support Forces. AFP via Getty Images One month after fighting between Sudan’s two military factions broke out in the capital, Khartoum, internationally-brokered peace …

Wefox CEO Julian Teicke. Wefox German digital insurer Wefox said Wednesday it raised $110 million of fresh funding from backers including JPMorgan and Barclays. The news marks a vote of confidence for the insurance technology space at a time when it faces tough macroeconomic headwinds. related investing news Wefox is …

Cosmic Aerospace team (L-R): CEO Christopher Chahine, CTO Marshall Gusman and Chief Engineer Joe Wilding Cosmic Aerospace Denver startup Cosmic Aerospace is developing a fully electric plane to reduce air pollution from regional flights. Unlike other startups in the field, which are mostly focused on sustainable jet fuels, hydrogen, and …

Visitors take photos in front of the Meta (Facebook) sign at its headquarters in Menlo Park, California, on December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Meta has spun out the enterprise startup Kustomer, which it bought in 2020 for roughly $1 billion. Kustomer announced the move …

A general view shows the skyline of the city as people stand on the observation deck of Roppongi Hills to watch the full moon, in Tokyo on September 21, 2021. (Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty Images) Philip Fong | Afp | Getty Images …