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Skype founder’s VC firm Atomico raises $1.24 billion Europe tech fund
Niklas Zennstrom, CEO of Atomico and co-founder of Skype.Simon Dawson | Bloomberg | Getty ImagesLONDON — Atomico, an early investor in top European technology firms from Stripe to Klarna, announced Monday the launch of two new funds…
Fed jumbo 50 bps rate cut should not raise alarm, analyst says
Federal Reserve Chairman Jerome Powell.Andrew Harnik | Getty ImagesThe U.S. Federal Reserve can afford to make a jumbo 50 basis point rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank's…
Porsche-backed Cylib breaks ground on huge EV battery recycling plant
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany's North Rhine-Westphalia region.CylibA massive battery recycling plant is being built in Germany…
Geert Wilders says the EU is a ‘monster’ that always wants more power
The Netherlands far-right PVV Freedom Party leader Geert Wilders speaks to the media representatives following the European Parliament elections provisional results in The Hague on June 6, 2024. Emiel Muijderman | Afp | Getty ImagesDutch…
Here’s 29-year-old millionaire Timothy Armoo spends and invests money
Timothy Armoo, co-founder and former CEO of Fanbytes.Tim Armoo.Timothy Armoo, a co-founder and former CEO of influencer marketing firm Fanbytes, is not what you might expect from a multi-millionaire.He doesn't own any mansions — or…
Weak EU growth threatening bloc’s geopolitical relevance
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome, Italy.Massimo Di Vita | Mondadori Portfolio | Getty ImagesEconomic growth in the European Union…
Carry trade unwind could replicate August mayhem, suggests BK’s Lein
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo.Kazuhiro Nogi | Afp | Getty ImagesThe…
Stock markets don’t always reflect the state of the economy
Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City. Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter.…
China’s property market has ‘not found a bottom’ yet: StanChart CEO
China's property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters.Speaking to CNBC's JP Ong, Winters described the investing environment in China as…
Markets aren’t a good barometer for the economy
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024.Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open…