In a shocking revelation, Starling Bank has recorded a staggering decline in its annual profits, raising eyebrows across the financial sector. The latest financial report, detailing the fiscal year ending March 31, 2025, disclosed a profit before tax of £223.4 million ($301.9 million) — a reduction of nearly 26% from the previous year. While revenues
Finance
In the bustling landscape of electric vehicles (EVs) in China, competition is fiercer than ever. Xiaomi, a company that evolved from a smartphone powerhouse to a contender in the electric vehicle arena, has set its sights squarely on dethroning Tesla’s Model Y. With the recent unveiling of the YU7 SUV, Xiaomi is not just entering
In an era marked by escalating trade tensions, the statements from Austan Goolsbee, President of the Chicago Federal Reserve, serve as a stark reminder of how fragile our economic landscape currently is. Goolsbee’s recent comments express concern about President Donald Trump’s aggressive tariff threats that have introduced a level of unpredictability into fiscal policy. His
In a striking display of competitiveness, Xiaomi has unveiled its new flagship smartphone, the Xiaomi 15S Pro, which is engineered not just as an alternative to Apple’s prestigious iPhone but as a formidable challenger with an aggressive pricing strategy. Starting at an enticing 5,499 yuan ($764), the new device puts a tangible strain on Apple’s
In a climate filled with uncertainty and geopolitical volatility, the prospect of a Chinese baby products company making bold moves into the U.S. market is both intriguing and contentious. Bc Babycare, based in Shanghai, is asserting its ambition to carve out a space within the world’s largest consumer market, maintaining an optimistic outlook despite ongoing
In recent years, the Buy Now, Pay Later (BNPL) sector has swept across the consumer finance landscape, transforming the way we shop and manage our budgets. With firms like Klarna and Afterpay leading the charge, consumers are lured in by the promise of interest-free financing on everything from trendy clothes to everyday groceries. It’s a
When it comes to planning for retirement, many individuals remain blissfully unaware of the looming financial crisis that long-term care presents. As individuals age, the shocking reality is that a significant segment of the population will require some form of long-term care—a need that can plunge families into crippling debt swiftly. In fact, according to
The financial world is a tempestuous sea of uncertainty, and amidst chaos, gold shines as a beacon of safety. After a year-long rally that saw gold soar by an impressive 35%, the market has recently tempered that enthusiasm. However, analysts like David Schassler—head of multi-asset solutions at Van Eck—intensely believe that the backdrop remains favorable
As eToro gears up for its anticipated debut on the Nasdaq, the financial tech platform is walking a tightrope, underscored by the intricate risks of being rooted in a nation embroiled in conflict. In its IPO filing, eToro took the unusual step of devoting over 1,500 words to elucidate the potential dangers tied to its
The financial technology sector, once basking in the glow of rising valuations and booming investment, found itself in a treacherous position amid the interest rate hikes implemented by central banks worldwide in 2022. Initially, these rising rates decimated firm valuations, rendering fintech companies vulnerable and watching their profits evaporate like morning dew. However, as markets