Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under the ticker symbol “CHYM.” “Chime is a technology company, not a bank,” the company said in its prospectus, noting it’s not a member of the U.S. Federal Deposit Insurance Corp. Still, the company cited Bank of America, Capital One, Citibank, JPMorgan ...
Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a Microsoft spokesperson said in a statement to CNBC. The company reported better-than-expected results, with $25.8 billion in quarterly net income, and an upbeat forecast in late April. Microsoft ...
Britain will toughen its requirements for legal migrants and extend the wait for newcomers to claim citizenship, Prime Minister Keir Starmer said Monday, announcing a slew of policy changes as he resists a political barrage from the country’s emboldened populist right. Immigrants will now have to wait up to 10 years before they can seek to become British citizens – ...
What began as a festive campaign march quickly turned into a scene of terror in the Mexican state of Veracruz on Sunday night when a mayoral candidate was gunned down alongside three other people. A Facebook live stream captured the horror of that day. It showed Yesenia Lara Gutiérrez greeting residents as she paraded through the streets of Texistepec, surrounded ...
In his first interview since India and Pakistan agreed to a ceasefire Saturday, Dar said Islamabad “had no choice” but to launch strikes in “self-defense” following India’s May 7 cross-border attacks. Last week’s escalatory tit-for-tat strikes marked the worst fighting between the two nuclear-armed nations since 1971, killing dozens and deepening fears of a wider conflict. Dar referred to India’s ...
Taiwan on Monday test-fired for the first time a new US-supplied rocket system that has been widely used by Ukraine against Russia and could be deployed to hit targets in China if there is a war with Taiwan. The United States is Taiwan’s most important arms supplier, despite the lack of formal diplomatic ties. Taiwan has faced increased military pressure ...
Former Philippine President Rodrigo Duterte was almost certain to be elected mayor of his home city by a landslide on Monday, unimpeded by his detention at the International Criminal Court on charges of murder as a crime against humanity. With 80% of votes counted in an unofficial tally, Duterte, who was brought to The Hague in March over his bloody ...
A court in Paris on Tuesday found French actor Gérard Depardieu guilty of sexually assaulting two women on a film set in 2021 and handed him an 18-month suspended prison sentence. In one of the highest-profile #MeToo cases to come before judges in France, Depardieu, a towering figure of French cinema, had repeatedly denied any wrongdoing. But judge Thierry Donard ...
US President Donald Trump has said he is open to attending the potential peace talks between Russia and Ukraine in Turkey on Thursday, as the US ramps up pressure on Moscow and Kyiv to bring an end to the three-year conflict. Trump is visiting the Gulf this week, making stops in Saudi Arabia, the United Arab Emirates and Qatar, for ...
The United Nations mission in Libya called for de-escalation Monday after fighting erupted in the North African nation’s capital. The UN Support Mission in Libya (UNSMIL) is “alarmed by the unfolding security situation in Tripoli with intense fighting with heavy weaponry in densely populated civilian areas,” it said in a post on X late Monday. “The Mission calls on all ...