China’s Ant highlights distinction between NFTs and cryptocurrencies
China’s Ant Group sought to draw a distinction on Wednesday between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion.
Ackman sees path to possible U.S. listing for Universal, working on next deal
William Ackman, whose blank check acquisition company struck a deal to buy 10% of Universal Music Group (UMG) last week, is exploring options to increase his stake in the music label and already pushing ahead with his next deal, he told investors on Wednesday.
Boeing faces rocky path to gaining approval for 737 MAX return in China
Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co (BA.N) as a potential rival demonstrates its growing influence.
How post-pandemic education systems can welcome back international students
Closed borders and health concerns halted international student mobility in 2020, but students are expected to return. Education policy makers need to be ready for a new type of international student that wants both physical and digital learning opportunities.
Central bank digital currencies get full BIS backing
The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money.
Nasdaq hits record high as factory activity scales new peak
The Nasdaq hit an all-time high on Wednesday, helped by a boost from Tesla’s shares, with investors cheering data showing U.S. factory activity climbed to a record peak in June.
Crypto is ‘rat poison’, a third of mainstream investment firms tell JPM
Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as “rat poison” or predicting it would be a temporary fad.
EU watchdog tells banks to have a 10-year climate plan
Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc’s banking watchdog said on Wednesday.
Self-driving startup WeRide deepens ties with Nissan, raises $310 mln
WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor (7201.T) on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation.
Save Our Summer: UK pilots and cabin crew issue travel sector rescue plea
British pilots, cabin crew, travel agents and other workers are urging politicians to save the summer holiday season by reopening routes abroad or risk destroying tens of thousands of jobs as companies fail.
