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Billionaires' Wealth Soared in 2024, Anti-Poverty Group Says

Billionaires saw their wealth soar in 2024, according to an anti-poverty group, as the elites prepare to gather for another meeting in Davos.

Paytm Sales Slide Again as Recovery Effort Continues

Paytm's revenue declines for the fourth quarter as it recovers from regulatory challenges. The Indian fintech company saw a 36% drop in revenue to $211 million, but net loss narrowed to $24 million. Paytm is seeking regulatory approval to become a payments aggregator and has sold non-core businesses to cut expenses.

Rakuten's AI Gamble: Telecom Arm Key to Future Growth

Rakuten's mobile business, despite losses, is crucial for future AI-driven growth, says the company's chief, who sees an opportunity in Japan's digital and AI adoption lag.

Cyclone Delays Australia's Major Iron Ore Exports

Cyclone Sean strengthens, shuts major iron ore ports in northwest Australia

Trump's Inauguration to Feature Tech Titans: Musk, Zuckerberg, Bezos, and More

Big tech CEO attendance at Donald Trump's inauguration is a clear testament to his Silicon Valley support. Despite some user backlash, companies like Apple and Meta show more concern for currying favor with the president than their own bases.

Trump's Immigration Policies and the US Economy

The relationship between immigration and the US economy is complex and multifaceted. Immigrants have played a vital role in the growth of the US economy, filling labor shortages and contributing to innovation. However, immigration can also put strain on public resources and lead to social tensions. The Trump administration's immigration policies, including increased deportations and restrictions on legal immigration, are likely to have a significant impact on the US economy and labor market.

Tether: The Cryptocurrency of Choice for the Criminal Underworld

Tether, a controversial cryptocurrency linked to illicit activities and sanctioned entities, has come under scrutiny as its ties to Cantor Fitzgerald raise questions about the Commerce Secretary nominee's potential conflicts of interest. Despite Tether's claims of cooperation with law enforcement, concerns remain about its role in facilitating criminal transactions and the risks it poses to the financial system.

North Carolina Homeowners Insurance Premiums to Increase by 15%

North Carolina homeowners' insurance premiums to rise 15% by mid-2026 under settlement reached between state Insurance Department and industry

Rising Yields Strain Regional Bank Balance Sheets as CRE Distress Reemerges

Surging Yields Strain Regional Banks' Balance Sheets Due to Commercial Real Estate Distress

Telefonica CEO Replacement Proposed

Spanish government's investment fund SEPI proposes replacing Telefonica's CEO Jose Maria Alvarez-Pallete with Indra executive chairman Marc Murtra.