Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesSwedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned.Klarna, which just disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer’s majority-owned fintech startup OnePay, according to people with knowledge of the situation who declined to be identified speaking about the partnership.OnePay, which updated its brand name…
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The Justice Department has informed European officials that the United States is withdrawing from a multinational group created to investigate leaders responsible for the invasion of Ukraine, including President Vladimir V. Putin of Russia, according to a letter sent to members of the organization on Monday.The decision to withdraw from the International Center for the Prosecution of the Crime of Aggression against Ukraine, which the Biden administration joined in 2023, is the latest indication of the Trump administration’s move away from President Joseph R. Biden Jr.’s commitment to holding Mr. Putin personally accountable for crimes committed against Ukrainians.The group was…
MIAMI BEACH, FL. — It’s the time of year when Miami Beach and other Florida towns are inundated with spring breakers out to have a good time. In the middle of these festivities descends the Future Proof Citywide conference, a gathering of 2,500 financial advisors, family office, and wealth management executives. Future Proof is part of an effort to “dismantle the old boundaries” and knit together three disparate communities: 1) the old Wall-Street community (the Merrill Lynch’s, UBS, State Street, etc.) with 2) the growing community of Registered Investment Advisors (RIAs), and 3) the growing “alt” community of crypto, hedge funds,…
Undiscouraged by the rain, shoppers and visitors out on Oxford Street braving the bad weather from the latest storm using umbrellas on 28th January 2025 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the majority of which are fashion and high street clothing stores. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesBoth U.S. and global economic growth is set to be lower than previously projected,…
Eggs for sale in a Manhattan grocery store on Feb. 25, 2025, in New York City.Spencer Platt | Getty Images The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at 7.1% and Federal Reserve Chair Jerome Powell acknowledged that the chances of a soft landing — where inflation is tamed without the economy slipping into recession — has narrowed.With U.S. inflation at 2.9% in December and gross domestic product expanding an annualized 2.3% during the fourth quarter last year, it seemed like…
NASA’s SpaceX Crew-10 crew members Cosmonaut Mission Specialist Kirill Peskov of Roscosmos of Russia, Pilot Nichole Ayers and Commander Anne McClain of U.S., and Mission Specialist Takuya Onishi of Japan’s JAXA, walk from the Operations & Checkout Building at the Kennedy Space Center for transport to Launch Complex 39-A ahead of their launch to the International Space Station in Cape Canaveral, Florida, U.S., March 14, 2025. Joe Skipper | ReutersA SpaceX capsule delivered four astronauts to the International Space Station early on Sunday in a NASA crew-swap mission that will allow a pair of stuck astronauts, Butch Wilmore and Suni Williams,…
As President Trump works to blunt the growth of wind and solar power and expand fossil fuel production in the United States, the renewable energy industry is making a new pitch: You need us.Wind and solar developers are increasingly pointing out that America’s demand for electricity is soaring, driven by a boom in data centers, and it’s proving difficult to build enough new gas plants to supply all the extra power that the nation needs.Wind, solar and battery storage are relatively quick and cheap to construct. That could help avert energy shortages and keep prices low, an argument that renewable…
Illegal crossings at the U.S.-Mexico border are down to their lowest level in decades. Once-crowded migrant shelters are empty. Instead of heading north, people stranded in Mexico are starting to return home in bigger numbers.The border is almost unrecognizable from just a couple of years ago, when hundreds of thousands of people from around the world were crossing into the United States every month in scenes of chaos and upheaval.President Joseph R. Biden Jr., facing a swell of public outrage during the 2024 election campaign, clamped down on asylum seekers and pushed Mexico to keep migrants at bay. By the…
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks.Manaure Quintero | Afp | Getty ImagesBARCELONA — Global telecommunications firms are talking up advances in key technologies like artificial intelligence as they look to transition away from being perceived as the “dumb pipes” behind the internet.At the Mobile World Congress technology conference in Barcelona, CEOs of multiple telecoms companies described how they’re piling money into new technological innovations, including AI, next-generation 5G and 6G networks, satellite internet and even smart cities.Makoto Takahashi, president and CEO of Japanese…
In September 2019, Bill Gates presented Prime Minister Narendra Modi of India with an award on behalf of his philanthropic organization, the Gates Foundation, for the Indian leader’s work on improving sanitation.An uproar followed.Three Nobel Peace Prize laureates wrote to Mr. Gates, arguing that Mr. Modi, who was given the award on the sidelines of the United Nations General Assembly in New York, did not deserve the recognition because democratic and human rights had eroded under his rule. “This is particularly troubling to us, as the stated mission of your foundation is to preserve life and fight inequity,” the laureates…
