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Finance Monthly > Archives

Record-Breaking £1.1bn Cryptocurrency Heist Shakes Industry

24th February 2025
Record-Breaking £1.1bn Cryptocurrency Heist Shakes Industry. Cryptocurrency exchange Bybit has reported that hackers have stolen $1.5 billion (£1.1 billion) in digital assets, potentially marking the largest theft in the history of cryptocurrency. The founder of the Dubai-based company reassured users that their funds remain "safe" and that the firm would compensate those impacted by the […]
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TikTok Returns to Apple and Google App Stores in the US

14th February 2025
TikTok Returns to Apple and Google App Stores in the US. TikTok has been reinstated on the app stores of Apple and Google in the United States, following President Donald Trump's decision to delay the enforcement of a ban on the Chinese-owned social media platform until April 5. The widely-used application, which boasts over 170 […]
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US Metal Tariffs Could Drive Up Prices on These Goods

12th February 2025
US Metal Tariffs Could Drive Up Prices on These Goods. A 25% tariff is set to be implemented on all imports of steel and aluminum into the United States, thereby eliminating exemptions previously granted to goods from significant trade partners such as Canada, Mexico, Brazil, and the European Union. The expanded tariff measures, announced by […]
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OpenAI Rejects Elon Musk's $97 Billion Takeover Bid

11th February 2025
OpenAI Rejects Elon Musk's $97 Billion Takeover Bid. A group of investors, spearheaded by Elon Musk, has proposed a takeover of OpenAI, the creator of ChatGPT, with a bid amounting to $97.4 billion. Marc Toberoff, the attorney representing the billionaire, verified that the offer for "all assets" of the technology firm was presented to its […]
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What Happens if Elon Musk Defies a Court Order?

10th February 2025
What Happens if Elon Musk Defies a Court Order? A constitutional law expert indicates that the penalties could accumulate rapidly. Three weeks following President Donald Trump's inauguration, the federal judiciary is starting to limit the president's unilateral attempts to alter the federal government. On Saturday, a federal judge in New York prohibited individuals linked to […]
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Google Ends Diversity Recruitment Targets Amid Industry Shift

6th February 2025
Google Ends Diversity Recruitment Targets Amid Industry Shift. Google has emerged as the most recent major American corporation to discontinue its objectives aimed at increasing the recruitment of individuals from underrepresented demographics, as reported by BBC News. This choice to forgo the diversity, equity, and inclusion (DEI) recruitment benchmarks follows the company's annual assessment of […]
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SoftBank and OpenAI Launch Joint Venture for AI Services

3rd February 2025
SoftBank and OpenAI Launch Joint Venture for AI Services. Japanese technology leader SoftBank Group and OpenAI are enhancing their collaboration in the field of artificial intelligence by establishing a jointly owned company, SB OpenAI Japan, with equal ownership stakes. Japanese technology leader SoftBank Group and OpenAI have enhanced their artificial intelligence collaboration by establishing a […]
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Canada Strikes Back with 25% Tariffs in US Trade War

3rd February 2025
Canada Strikes Back with 25% Tariffs in US Trade War. In response to Donald Trump’s aggressive trade policies, Canada has announced a 25% tariff on select U.S. imports, escalating tensions between the two neighboring countries. This move follows Trump’s decision to impose tariffs on Canadian steel and aluminum, citing national security concerns—a justification Canadian officials […]
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DeepSeek: The Chinese AI App Captivating the World

28th January 2025
DeepSeek: The Chinese AI App Captivating the World. A Chinese-developed artificial intelligence (AI) model named DeepSeek has rapidly ascended to the top of the Apple Store's download charts, surprising investors and leading to declines in several technology stocks. Launched on January 20, it quickly captivated AI enthusiasts before garnering widespread attention from the entire technology […]
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Ellen DeGeneres Relists Final LA Property Following Move Abroad

24th January 2025
Ellen DeGeneres Relists Final LA Property Following Move Abroad. Ellen DeGeneres is distancing herself from the United States by re-listing one of her final properties in Los Angeles, mere months after she and her spouse, Portia de Rossi, moved to the United Kingdom. The seasoned talk show host has transformed the California real estate market […]
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Ethics Watchdog Flags Potential Conflicts and Records Violations at Musk's DOGE Agency

24th January 2025
Ethics Watchdog Flags Potential Conflicts and Records Violations at Musk's DOGE Agency. American Oversight has expressed apprehensions regarding the 'Department of Government Efficiency' utilizing encrypted applications. A prominent ethics watchdog has raised concerns regarding Elon Musk, a billionaire associate of Donald Trump, as well as the proposed "Department of Government Efficiency" (Doge), which Trump has […]
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Introducing 'Stargate': The $500 Billion Initiative to Boost AI Growth in the U.S.

23rd January 2025
Introducing 'Stargate': The $500 Billion Initiative to Boost AI Growth in the U.S. OpenAI, the developer of ChatGPT, is collaborating with a prominent American technology company, a Japanese investment firm, and a sovereign wealth fund from the United Arab Emirates to establish $500 billion (£405 billion) worth of artificial intelligence (AI) infrastructure in the United […]
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