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Friends Who Help Manage $640 Billion Clash on China Bonds
Friends Who Help Manage $640 Billion Clash on China Bonds
Three Japanese market veterans ruminating over beer in Tokyo whether Chinese debt is the deal of the century
2023-07-26 16:54
Santander posts record profit despite special tax
Santander posts record profit despite special tax
Spanish lender Banco Santander reported Wednesday a record profit for the first half of the year despite a windfall tax imposed on banks, as rising...
2023-07-26 16:53
Cambodia PM Hun Sen Hands Over Power to Son After Four Decades
Cambodia PM Hun Sen Hands Over Power to Son After Four Decades
Cambodia’s Hun Sen will step aside as prime minister after nearly four decades in the power, leaving his
2023-07-26 16:53
Alphabet rallies as Google Search unfazed by challenge from Microsoft's Bing
Alphabet rallies as Google Search unfazed by challenge from Microsoft's Bing
Alphabet rallied nearly 7% on Wednesday on signs its dominant Google Search business was faring well in an
2023-07-26 16:48
xQc flaunts branded watch worth 6 figures after $100M Kick deal, Internet says ‘too much money for 1 day of happiness’
xQc flaunts branded watch worth 6 figures after $100M Kick deal, Internet says ‘too much money for 1 day of happiness’
xQc said, 'I rarely get myself anything but I’ve been wanting it for a while and finally got it and it makes me really happy so I thought I’d share'
2023-07-26 16:47
Indonesia to make it less painful for exporters to keep earnings onshore -official
Indonesia to make it less painful for exporters to keep earnings onshore -official
JAKARTA Indonesia is developing a scheme for banks to provide a financing facility for exporters who keep their
2023-07-26 16:28
UK bank NatWest CEO resigns after Farage 'error'
UK bank NatWest CEO resigns after Farage 'error'
The chief executive of Britain's NatWest bank, Alison Rose, stepped down Wednesday after admitting a "serious error of judgment" in speaking to a reporter about the...
2023-07-26 16:23
UK Should Reform Abused and Expensive Tax Reliefs, MPs Say
UK Should Reform Abused and Expensive Tax Reliefs, MPs Say
The UK Treasury should review hundreds of billions of pounds worth of tax breaks, according to a report
2023-07-26 16:23
Euro zone lending slows further as rate hikes bite
Euro zone lending slows further as rate hikes bite
FRANKFURT Lending to euro zone companies slowed again last month, adding to already mounting evidence that sharply higher
2023-07-26 16:22
Japan automaker Nissan reports profit rise despite China stumble, outlines Renault alliance
Japan automaker Nissan reports profit rise despite China stumble, outlines Renault alliance
Nissan and Renault have redefined its French-Japanese auto alliance into a more equal one in cross-shareholdings
2023-07-26 16:20
Lloyds Braces for More Bad Loans as Mortgage Pressure Grows
Lloyds Braces for More Bad Loans as Mortgage Pressure Grows
Lloyds Banking Group Plc took higher bad loan charges that dragged its earnings below expectations in the second
2023-07-26 16:17
What is Elon Musk’s ‘everything app’ X?
What is Elon Musk’s ‘everything app’ X?
Elon Musk’s plan to build an “everything app” is underway. After rebranding Twitter to X, the tech billionaire encouraged users to rethink the “whole concept” of what the platform is. Before he even purchased Twitter in October 2022, Mr Musk said that buying the site was an “accelerant” to creating a super app akin to China’s WeChat, India’s PayTM and Indonesia’s GoJek. These apps offer users the ability to not just make posts, but also send and receive payments, watch and listen to content, and even access services like booking taxis or ordering food deliveries. Earlier this month, Mr Musk reportedly secured money-transmitting licenses in three US states, suggesting it is already preparing to become a payments business. Linda Yaccarino, who took over as the chief executive of Twitter last month, gave more details about what the new X app will become, tweeting on Sunday that the rebranding was part of the company’s goal to “transform the global town square” beyond a social network. “X is the future state of unlimited interactivity – centred in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine,” she tweeted. “For years, fans and critics alike have pushed Twitter to dream bigger, to innovate faster, and to fulfil our great potential. X will do that and more. We’ve already started to see X take shape over the past 8 months through our rapid feature launches, but we’re just getting started.” X did not respond to a request for further information from The Independent about when such changes might take place. Shortly before his takeover of Twitter was complete, Mr Musk tweeted: “Twitter probably accelerates X by three to five years, but I could be wrong.” Mr Musk has had access to the X.com domain since 2000, during which time he was working on PayPal. Before rebranding Twitter, the website simply showed the letter ‘X’, but now redirects to Twitter.com. Earlier this year, Twitter changed its business name to X Corp to align with Mr Musk’s “everything app” vision, but social media experts have questioned whether such a concept could ever work outside of Asia. “I’ll believe it when I see it,” industry commentator Matt Navarra said at the time of Mr Musk’s takeover. “Super apps, as they are known in the industry, are not a new thing. They’ve been hugely successful in Asia, but have not really caught on elsewhere. Could Twitter form part of a super app that lets you buy goods, chat to friends, get news updates, book a taxi etc.? Sure. Can Elon Musk make it work? Possibly. Will Elon actually do it? Who knows. He seems to have commitment issues.” Others have raised concerns about whether ditching the Twitter brand and associated bird logo could further damage the platform’s reputation, which has been under heavy scrutiny since Mr Musk’s takeover last year. “By changing Twitter’s app name, Elon Musk will have single handedly wiped out over fifteen years of a brand name that has secured its place in our cultural lexicon,” Mike Proulx, a research director at advisory firm Forrester, told The Independent. “This is an extremely risky move because with ‘X,’ Musk is essentially starting over while its competition is afoot.” Read More Twitter rebrands to X as part of Elon Musk’s plan to create an ‘everything app’ Twitter no longer exists as a company What is Elon Musk’s ‘everything app’ X? Elon Musk’s ‘X’ is already trademarked by Mark Zuckerberg Elon Musk red-faced as police halt Twitter sign removal leaving firm called ‘ER’
2023-07-26 16:17
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