Japanese technology conglomerate SoftBank Group is seeking a loan of up to 40 billion USD to finance its growing investment in artificial intelligence developer OpenAI, according to reports citing people familiar with the negotiations. The planned borrowing would represent the company’s largest dollar-denominated loan to date and reflects a broader strategy by founder and chief executive Masayoshi Son to deepen…
JPMorgan Chase is nearing an agreement to take over Apple’s credit card program, known as Apple Card, from Goldman Sachs, according to reports from the Wall Street Journal. The talks, which began in late 2024, represent a pivotal move for Apple as it seeks a new banking partner after Goldman’s decision to exit most of its consumer finance ventures. The…
In a significant legal victory, AXA, a leading French insurer, secured a judgment worth approximately £675 million ($908 million) from a UK court against Santander, one of the world’s largest banks. This ruling, announced on July 25, 2025, stems from a long-running dispute concerning the mis-selling of payment protection insurance (PPI) policies. The case has its origins in the actions…
India has ramped up regulatory scrutiny on major global e-commerce platforms, including Amazon, Walmart’s Flipkart, and Myntra, as authorities seek to enforce longstanding restrictions on foreign investment and marketplace conduct. At the heart of the matter lies India’s policy that prohibits foreign-owned digital retailers from selling goods directly to consumers. Instead, these firms are required to operate as neutral marketplaces…
The social media platform X, owned by Elon Musk, has publicly refused to cooperate with a criminal investigation launched by French authorities, calling the probe a “politically motivated attempt” to suppress freedom of expression. French prosecutors opened the inquiry earlier this month, alleging that X may have engaged in algorithmic manipulation and fraudulent data extraction that could potentially impact public…
The U.S. House of Representatives cleared a major procedural hurdle on July 16, 2025, allowing debate to proceed on a series of high-profile cryptocurrency bills. The legislative push had initially stalled after a group of 13 conservative Republicans joined Democrats to oppose the original rule governing the debate. Their objections centered on the bundling of three distinct proposals into a…
Jamie Dimon, CEO of JPMorgan Chase, issued a strong defense of the Federal Reserve’s independence during a conference call on July 15, stating that safeguarding the central bank’s autonomy is “absolutely critical.” His remarks come amid growing concerns that President Donald Trump may interfere with Fed policy or leadership as he pushes for faster interest rate cuts ahead of the…
