Team Leicester City in action© AFP Leicester have won their appeal against a decision that an independent commission had jurisdiction to consider an alleged breach of the Premier League’s profit and sustainability rules. The English top flight said late Tuesday it was “surprised and disappointed” by the move to uphold the Foxes’ appeal, which means […]
Indian conglomerate Reliance slashed over 42,000 jobs last financial year
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024. The conglomerate also slowed hiring, bringing on board about 171,000 people in the financial year, lower than the around 263,000 people it hired a year earlier, according to its annual report. The company said […]
The AI financial results paradox
There is a general consensus today that generative AI is going to transform business in a profound way, and companies and individuals who don’t get on board will be quickly left in the dustbin of history. At the same time, as companies delve more deeply into this technology, they want proof, actual business metrics, that […]
Uzbekistan mobile bank TBC raises $38.2M to expand its financial products
Uzbekistan’s only mobile-exclusive bank, TBC Bank Uzbekistan, owned by London Stock Exchange-listed TBC Bank Group, has raised $ 38.2 million in a fresh equity investment. It plans to expand its local presence in the country and introduce new financial products, as well. TBC Bank Group has led the latest funding in TBC Bank Uzbekistan by […]
Chift lets SaaS companies integrate with dozens of financial tools with a unified API
Pennylane, Qonto, Agicap, Pleo and Mollie have one thing in common. They all use Chift in one way or another to manage integrations with other services. And this relatively young Belgium-based startup just raised a €2.3 million seed round ($ 2.5 million at today’s exchange rate). Many fintech startups rely on integrations to make their […]