Año: 2024

The UK government is set to introduce new regulations for the buy now, pay later (BNPL) sector, which includes companies such as Klarna and Afterpay, after several delays. A Treasury Department representative confirmed that updated regulatory plans will be revealed soon, following comments made by Tulip Siddiq, the newly appointed economic secretary of the Treasury. Siddiq stressed the importance of these regulations in protecting consumers and providing certainty to the industry. The government’s push for regulation follows the findings of a 2021 review by former Financial Conduct Authority (FCA) chief Christopher Woolard, which found that more than 10% of BNPL…

Warner Bros. Discovery has filed a lawsuit against the NBA to secure the rights to broadcast a package of live games, challenging the league’s decision to award those rights to Amazon. “Due to the NBA’s unjustified rejection of our game against a third-party offer, we have initiated legal proceedings to enforce our rights,” said TNT Sports, a unit of Warner Bros. Discovery. “We firmly believe this is not only our contractual right, but also the best service for fans who prefer our flexible and widely accessible platforms, including TNT and Max.” The media company seeks to block the NBA from…

The cryptocurrency market reached a significant milestone this week with the introduction of spot ether ETFs. Franklin Templeton is one of nine firms whose spot ether ETF recently received approval from the Securities and Exchange Commission (SEC). The Franklin Ethereum ETF (EZET) has fallen about 10% since its launch, attributed to a broader sell-off in the cryptocurrency market. David Mann, head of ETF products and capital markets at Franklin Templeton, expressed optimism about the future of these ETFs despite the initial setbacks. Speaking on CNBC’s “ETF Edge” on Tuesday, Mann said, “We believe they will succeed. They are unlikely to…

DETROIT — General Motors has unveiled the latest version of its iconic sports car, the Chevrolet Corvette, set to become the most powerful model in the brand’s history. The 2025 Chevy Corvette ZR1 will feature a 5.5-liter twin-turbo V8 engine that produces over 1,000 horsepower and 828 pound-feet of torque. This significant increase in power positions the ZR1 among the elite supercars, typically priced in the hundreds of thousands of dollars. “This car accelerates like a freight train,” noted Tadge Juechter, Corvette’s executive chief engineer since 2006, at a recent media event. “We expect this to be the fastest car…