Economy

As meme stock momentum fades, AMC, GameStop fall

Shares in so-called meme stocks with a following among retail investors lost ground on Wednesday, with AMC Entertainment (AMC.N) shares down 8.1%, on track for their fourth straight day of declines, and GameStop Corp (GME.N) falling 4.9%.

London fintech funding soars in first half of the year

Fintech companies based in London raised more funding from venture capital investors in the first six months of 2021 than in any other year, demonstrating the British capital’s resilience as a hub for digital financial services post-Brexit.

EU to propose new body to tackle dirty money, documents say

The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc responds to calls for tougher action to fight dirty money.

Nikola shareholders reject executive pay proposal

Shareholders of Nikola Corp (NKLA.O) have voted against a proposal to approve compensation awarded to its “named executive officers,” including $159.2 million to founder and former executive chairman Trevor R. Milton that was later reduced, the electric truck maker said on Tuesday.

As meme stock momentum fades, AMC, GameStop fall

Shares in so-called meme stocks with a following among retail investors lost ground on Wednesday, with AMC Entertainment (AMC.N) shares down 8.1%, on track for their fourth straight day of declines, and GameStop Corp (GME.N) falling 4.9%.

London fintech funding soars in first half of the year

Fintech companies based in London raised more funding from venture capital investors in the first six months of 2021 than in any other year, demonstrating the British capital’s resilience as a hub for digital financial services post-Brexit.

EU to propose new body to tackle dirty money, documents say

The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc responds to calls for tougher action to fight dirty money.

Nikola shareholders reject executive pay proposal

Shareholders of Nikola Corp (NKLA.O) have voted against a proposal to approve compensation awarded to its “named executive officers,” including $159.2 million to founder and former executive chairman Trevor R. Milton that was later reduced, the electric truck maker said on Tuesday.

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