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Private-equity-backed firm buys up crematoriums and funeral homes to cash in on Europe’s aging population. ‘It’s an infrastructure play’
Funecap Idf SAS has spent around $1.1 billion to buy more than 300 crematoriums and funeral centers mainly in Europe, home to 17 of the top 20 countries with the highest death rates. more
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This millennial-founded Chinese company scored a $6 billion valuation selling mystery toys. Now it wants to cash in on America’s cuteness craze
Pop Mart, founded in 2010 by now 37-year-old Wang Ning, has kickstarted a mystery-toy boom in China. more
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A group of college kids may have just figured out how to get leaf blowers to shut up
Stanley Black and Decker was so enamored with the work of four Johns Hopkins engineering students it plans to sell the product in stores. more
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Wales launches UK’s first national metaverse to encourage tourism
Metaverse users will get to experience some of the best attractions Wales has to offer, with the government hoping that this will attract more tourists. [...] Read More... The post Wales … more
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Google’s new AI policy in search triggers concerns about low web traffic
According to Google's disclosure, users will be presented with AI-generated summaries, with regular website links coming in second place. [...] Read More... The post Google’s new AI policy in … more
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PwC China, Xalts to promote tokenization, programmable assets in finance
Banking on Xalts' expertise in designing programmable assets, PwC China strikes a partnership with the firm to create a solution that would connect off-chain systems with blockchain-based solutions. … more
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Wealthy travelers seeking sun, sand, and luxury are flocking to the Caribbean paradise next to Haiti, where armed gangs dominate
Even Fast & Furious star Vin Diesel wants to build a movie studio there. more
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World's largest asset manager wants Fed to reverse course: Slash rates to tame inflation
Rick Rieder, BlackRock’s chief investment officer of global fixed income, oversees about $2.4 trillion in investments. more
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Tiny, light-brown lizard sparks massive clash between environmentalists and oil giants
The 2.5-inch dunes sagebrush lizard is found only in the Permian Basin. more
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Pacific Coast Highway reopens after rockslide deluge
Total losses to Big Sur businesses since the slide were exceeding $1 million a day, an official said. more
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Disgruntled Boeing investors take aim at $33 million pay for ex-CEO amid ongoing safety issues
Shareholders grill executives, as questions abound over Boeing's way forward. more
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No 'Fed Speak' from Jerome Powell on remote work: Chair is working from home
The Federal Reserve Chair is sick, said a spokesperson. more
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Zyn shortages leave some retailers out of stock, while online sellers start rationing to prevent hoarding of the popular tobacco pouches
The scarcity comes after Philip Morris International, which also sells Marlboro cigarettes outside of the US, reported US volume of the nicotine pouches rocketed up 80% in the first quarter. more
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Singapore Airlines dishes out bonuses worth 8 months of salary after 2 years of record profits
Singapore’s national carrier is shrugging off a tough year for the airline industry. more
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The rise of the English major: BlackRock COO wants to recruit liberal arts consultants that 'have nothing to do with finance or technology'
As AI rises, so does the demand for critical thinkers. more
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Crypto Is Getting Political—Ethereum Giant Consensys Wants to Stay Out of It
As other firms spend millions on pro-crypto candidates, Joe Lubin tells Decrypt that Consensys has resisted the impulse. Here's why. more
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A 25-year-old trader at Bank of America dies suddenly, the second death this month of a young employee at the Wall Street giant
Adnan Deumic, a credit portfolio and algorithmic trader, collapsed of a suspected cardiac arrest playing soccer at an industry event and failed to respond to medical treatment including CPR. more
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TikTok’s new update to automatically label AI-generated content
The automatic labeling feature will be available for images and video content, and TikTok plans to roll out the feature for audio-only media in the coming weeks. [...] Read More... The post … more
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Arbitrum DAO Launches M&A Pilot with $3 Billion Treasury
Arbitrum DAO's $3B M&A pilot program, led by Bernard Schmid, seeks to boost DeFi growth and innovation through strategic acquisitions. The post Arbitrum DAO Launches M&A Pilot with $3 Billion … more
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Nigeria demanded $150M bribe from Binance: report
The New York Times reported on the alleged bribe, with Binance CEO Richard Teng finally breaking his silence last week and accusing Nigeria of double standards and deception. [...] Read … more
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US Senate AI Working Group releases roadmap for AI legislation, funding and research
The roadmap included recommendations on regulatory actions and a call for Congress to approve $32 billion in funding for AI research to keep the U.S. ahead of China and other countries. [...] Read … more
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$5.1 Billion Pension Fund CIO Joins Non-profit Organization Focused on Bitcoin Adoption
Ajit Singh joins the Proof of Workforce Foundation's mission of promoting Bitcoin adoption to workforce organizations. more
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The Cost of Immigration
In the year ending June 2023, ONS statistics estimate that 1.2 million people migrated into the UK. The UK is currently spending more money on their policy with Rwanda where asylum seekers are sent … more
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Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to 2000 levels
Branson took a $126 million hit to his fortune last year as he continued to fight several fires at his Virgin Group. more
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$1.5T Morgan Stanley is Buying US Spot Bitcoin ETF
$1.5 trillion AUM financial giant Morgan Stanley discloses $270 million investment in spot Bitcoin ETFs, positioning itself among major institutional holders. more
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