Politics

Investors sold shares in Europe for $83 billion, - Bloomberg

Investors withdrew $3.4 billion from European equity funds in the first week of September, bringing the total outflow of investments for six months to $83 billion, calculated Deutsche Bank.

BlackRock and Amundi cut stakes in Europe amid hawkish ECB monetary policy and the energy crisis.

Analysts at Bank of America and JPMorgan Chase cut their year-end forecasts for the European Stoxx 600 and Euro Stoxx 50 indices.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

Alchemy Pay Reveals Plans for Launching a Layer 1 Blockchain to Meet Business Demand

Alchemy Pay, a renowned provider of cryptocurrency payment solutions, has announced its ambitious plan to launch a Layer 1 blockchain called Alchemy Chain. This groundbreaking move aims to support the “growing needs” of its business operations and provide an efficient, scalable infrastructure for large-scale applications. The announcement sheds light on

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