UK employers raise pay by least in 10 months, Brightmine says

Yoevan Khemlani had already begun building his AI company in Singapore when he realized that all his customers were looking somewhere else. Khemlani had started Interfaze, a startup offering a specialized AI model for backend tasks like web scraping, with a team of four in 2025. “As we were training the model, a lot of…

Embedded finance and the impact of FinTech pacts are showing up on bank balance sheets. There are different paths toward getting here. The latest earnings results from companies including Fifth Third, The Bancorp and Pathward illustrate a range of models for turning relationships with FinTechs and platforms into deposits and fee income. Fifth Third, which…

MSCI kept South Korea classified as an emerging market last month, FT reported, citing the absence of a fully convertible offshore won market.   An upgrade to developed status could attract about US$30bn from passive funds, BNP Paribas Securities estimates.   But the country’s index weighting would drop sharply, from about 24 percent of MSCI’s emerging market benchmark to roughly 3 percent of…

Three New York City homeowners are suing the Mamdani administration over the rollout of the pied-á-terre tax on multi-million dollar second homes. Per a Department of Finance requirement, the Mamdani administration sent letters to all addresses that could potentially be a pied-á-terre based on property value and internal records in late July. Residents have until…

This article was written by Follow Ph.D. in chemistry, Masters certificates in International Finance and Program/Project Management. Over 38 years experience in high tech and biotech. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72…