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Finance Monthly > Archives

Elon Musk's xAI Seeks $6B to Expand AI Ambitions with Nvidia Chips

15th November 2024
Elon Musk's xAI Seeks $6B to Expand AI Ambitions with Nvidia Chips Elon Musk's xAI is in the process of raising up to $6 billion to acquire 100,000 Nvidia chips for its data center in Memphis. According to reports the artificial intelligence venture is aiming for a valuation of $50 billion. Faber's sources indicate that […]
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Olive Oil Prices Set to Halve as Industry Eyes Recovery from Crisis

15th November 2024
Olive Oil Prices Set to Halve as Industry Eyes Recovery from Crisis The world's leading olive oil producer has announced that prices for the so-called "liquid gold" are likely to drop significantly from their record highs. Deoleo, based in Spain, indicates that one of the toughest periods in the olive oil industry seems to be […]
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GM Cuts 1,000 Jobs Amid Strategic Realignment and Cost-Saving Push

15th November 2024
GM Cuts 1,000 Jobs Amid Strategic Realignment and Cost-Saving Push General Motors has let go of approximately 1,000 employees as part of a reorganization and cost-cutting effort. This decision, made public on Friday, comes as the company seeks to adapt to shifting market dynamics, according to a source familiar with the situation. The layoffs affected […]
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Zoho Checkout: Revolutionizing Online Payments

15th November 2024
Zoho Checkout is a specialized tool designed by Zoho Corporation to streamline online payment processes for businesses of all sizes. As a part of the extensive Zoho suite, which includes applications for project management, customer relationship management (CRM), and bookkeeping, Zoho Checkout stands out for its simplicity, user-friendliness, and efficiency. Zoho Checkout primarily focuses on […]
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Best Easy Access Savings Rates 2024

15th November 2024
Best Easy Access Savings Rates 2024 Choosing the right savings account can maximize your returns while providing flexibility. Below, we’ve compiled the best easy access savings accounts for 2024, divided into online and branch-based options. These tables highlight rates for different tax brackets and include essential details to help you make informed decisions. Bonus Accounts […]
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Can You Open a Starling Current Account If You Have a Joint Account?

15th November 2024
Can You Open a Starling Current Account If You Have a Joint Account? Switching bank accounts has become easier than ever, thanks to the Current Account Switch Service (Cass). With enticing cashback offers and competitive interest rates, many customers are reevaluating their banking options. But what happens if you already hold a joint account with […]
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Trading Cards: The Surprising Boom in a Multibillion-Dollar Industry

15th November 2024
Trading Cards: The Surprising Boom in a Multibillion-Dollar Industry The trading card industry has exploded into a thriving market, captivating a diverse range of collectors and enthusiasts. From Pokémon to sports cards, these collectibles have evolved from simple childhood pastimes into serious investments, uniting generations and fostering an appreciation for tangible memorabilia. At events like […]
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Metro Bank Fined £17M for AML Failures; Mediobanca Shares Plunge on Revenue Drop

15th November 2024
Metro Bank Fined £17M for AML Failures; Mediobanca Shares Plunge on Revenue Drop The financial world saw a mix of accountability and turbulence this week as Metro Bank faced a significant fine for anti-money laundering (AML) control failings, while Mediobanca’s revenue miss sent its shares tumbling. Here’s a breakdown of these critical developments and their […]
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Can 'Slow Shopping' Save You Money This Holiday Season?

15th November 2024
Can 'Slow Shopping' Save You Money This Holiday Season? The holiday season may be the most wonderful time of the year, but it’s also one of the most expensive. Amid the barrage of Black Friday emails and social media influencers touting sales, shoppers are often pressured to buy fast, fearing they’ll miss out on the […]
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Retirement Anxiety: Most Adults Fear Financial Shortfall in Later Life

15th November 2024
Retirement Anxiety: Most Adults Fear Financial Shortfall in Later Life A recent survey has unveiled a grim outlook on retirement confidence among UK adults, with the majority uncertain about their ability to fund a comfortable retirement. According to the Nucleus Retirement Confidence Index, only 34% of respondents believe they will have enough money to live […]
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COP29: Climate Finance Chaos – Six Reasons It’s the Global ‘Wild West’

15th November 2024
COP29: Climate Finance Chaos – Six Reasons It’s the Global ‘Wild West’ As the COP29 climate summit convenes in Baku, Azerbaijan, world leaders face mounting pressure to redefine international climate finance targets. Developed nations have pledged billions annually to support vulnerable countries in tackling climate change, yet the system underpinning these funds is plagued by […]
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UK Growth Stalls: Services Sector Struggles as Economy Slows

15th November 2024
UK Growth Stalls: Services Sector Struggles as Economy Slows The UK’s economic growth slowed dramatically in the third quarter of 2024, with GDP expanding by just 0.1%. This fell short of economists' forecasts of 0.2% and marked a stark deceleration from the 0.5% growth recorded in the second quarter. The slowdown, revealed in the latest […]
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