Dutch digital bank Bunq is facing challenges in securing a banking license from U.K. financial regulators. The CEO and founder, Ali Niknam, expressed hope that they will be successful in obtaining the license by the end of this year or early next year. The process may be more complex due to the differences in regulatory
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The picturesque town of Bellagio, located on Lake Como in Italy, is grappling with the negative consequences of overtourism. Boat drivers, who rely on tourists for their livelihood, have been vocal about the challenges posed by the massive influx of visitors. The narrow two-lane roads are unable to accommodate the heavy traffic, resulting in significant
In recent years, there has been a noticeable shift in the hiring practices of many companies. Instead of focusing solely on traditional metrics like education and years of experience, employers are now placing a greater emphasis on applicants’ skills. According to data from job site Indeed, the share of online job postings in the U.S.
Despite higher profits and lower costs, Best Buy missed Wall Street’s quarterly sales expectations. The retailer saw a drop in revenue from the previous year, with sales ranging from flat to a 3% decline. The company blamed softer demand for consumer electronics as a contributing factor to these lackluster results. Best Buy has been struggling
The rapid expansion of private credit in recent years has sparked numerous concerns within the financial industry. One of the most prominent worries is the lack of experience the industry has in handling downturns. Unlike traditional banks, private credit firms have not yet faced a significant crisis on a large scale. This raises the pressing
Housekeepers in Palm Beach are experiencing a surge in demand, with salaries often exceeding $150,000. This increase in demand can be attributed to the mass wealth migration from high-tax states to Florida, especially elite enclaves like Palm Beach. Staffing agencies have noted that wealthy homeowners are now engaged in bidding wars to secure household staff,
Consumers looking to purchase a home are continuing to invest in down payments, even though the average amount is modest compared to traditional beliefs. Recent data from Realtor.com shows that in the first quarter of 2024, the average down payment stood at 13.6%, with a median amount of $26,000. While these figures are slightly higher
As new college graduates step into the job market, they are faced with a slightly less promising outlook compared to last year. Reports from the National Association of Colleges and Employers show that employers are planning to hire approximately 5.8% fewer graduates from this year’s class compared to the previous year. Industries like chemical manufacturing,
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The financial world was taken by surprise when Spanish bank BBVA announced a rare hostile takeover bid for its domestic rival, Banco Sabadell. This move came after the rejection of a 12 billion euro takeover offer from BBVA to Sabadell’s board earlier in the week. Sabadell’s board stated that BBVA’s initial bid “significantly undervalues” the