
Revolut Receives UK Banking License After Three-Year Application Process
Digital bank Revolut has been granted a full UK banking license by regulators after applying in 2021.

Digital bank Revolut has been granted a full UK banking license by regulators after applying in 2021.
Several major companies announced executive changes and ownership adjustments across tobacco, fashion, beverage, and other sectors.

Nearly one-fifth of Americans 65 and older remain in the workforce as rising living costs outpace incomes, reaching the highest level in decades.
IKEA's franchiser announced 850 job cuts as part of cost-reduction efforts responding to weakening consumer demand.

Britain faces possible record-breaking May temperatures during the upcoming bank holiday Monday as meteorologists track an incoming heatwave.
Stellantis stock fell sharply after releasing quarterly results showing weak cash flows despite profit gains from tariff refunds.
Lazard acquires Campbell Lutyens for $575 million, KKR explores $10 billion sale of spreads business, and Engine Capital pushes KBR to consider sale options.
Activist investor Elliott Management has acquired a significant position in life-science tools supplier Bio-Rad Laboratories.

BlackRock CEO Larry Fink cautioned investors about artificial intelligence potentially leaving people behind and warned against market timing strategies.
The world's largest brewer recorded a 0.8% organic increase in volumes during the first quarter, marking an end to previous declining trends.

Gold reaches new highs amid currency concerns while bitcoin shows portfolio benefits and Portugal issues yuan bonds

Japanese officials referenced International Monetary Fund guidelines regarding currency intervention policies and available windows for action.
Nigerian businessman Aliko Dangote plans to launch a pan-African initial public offering for his major refinery project.

New analysis shows billionaire count could grow 25% over five years from current 3,110 individuals.
Online travel giant Booking Holdings reduced its full-year revenue growth outlook from low-double-digit to high-single-digit due to Middle East conflict effects.
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