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google faces significant antitrust fine in mexico as ruling approaches
Google in Mexico is facing a significant potential fine as an antitrust ruling approaches. The outcome could have major implications for the tech giant's operations in the region, highlighting ongoing regulatory scrutiny in the digital marketplace.
UBS Shares Drop Amid Stricter Capital Requirements and Investor Uncertainty
UBS shares fell 6.9% to 25.97 francs amid investor concerns over stricter capital requirements following the Credit Suisse collapse. The Swiss government proposes that UBS bolster its core capital by up to $24 billion, potentially impacting shareholder distributions and the bank's global competitiveness. Analysts suggest this could force UBS to reconsider its strategy and structure in the medium to long term.
UAE intensifies crackdown on money laundering with record fines totaling Dh339 million
The UAE has intensified its crackdown on money laundering and terrorism financing, imposing over Dh339 million in fines on local exchange houses, foreign bank branches, and insurance companies. Recent penalties include a Dh100 million fine on one exchange house and Dh200 million on another, with individual bans enforced for violators. The collaboration between the UAE Ministry of Economy and Dubai Police aims to enhance surveillance and compliance, sending a clear message of zero tolerance for financial misconduct.
Momo secures 85 crore INR in debt financing from Stride Ventures
Wow! Momo has successfully raised INR 85 crore in debt financing from Stride Ventures. This funding will support the company's growth initiatives and expansion plans in the competitive market.
Emaar launches Vyom platform for digital home buying and selling
Emaar has launched 'VYOM', a digital platform enabling property investors to buy and sell homes directly, eliminating the need for brokers. This initiative empowers users to manage listings and inquiries, addressing inefficiencies in the real estate market. The platform will soon also facilitate renting out properties, marking a significant shift in property resale practices.
Dubai unveils second tokenized property listing following first success
Dubai is launching its second tokenized property listing on June 11, 2025, featuring a one-bedroom apartment in Kensington Waters, valued at Dh1.5 million. This follows the rapid success of the first listing, which was fully subscribed in under 24 hours. The new offering allows fractional ownership starting from Dh2,000, targeting tech-savvy investors and millennials.
UBS Launches Three Overnight Rate ETFs for Enhanced Cash Management
UBS Asset Management has launched three overnight rate ETFs targeting the euro, US, and UK yield curves, each with a total expense ratio of 0.10%. The ETFs, which utilize synthetic replication to track their respective indices, are designed to provide a positive spread over the overnight rate by holding equities in their substitute baskets. With growing interest in overnight rate ETFs as cash substitutes, UBS aims to enhance its offerings in the low-fee ETF market.
UBS Raises SolarEdge Price Target to 20 Amid Market Outlook Adjustments
UBS has raised its price target for SolarEdge (SEDG) to $20 from $17 while maintaining a Neutral rating. The firm notes that SolarEdge has various options to adapt to potential changes in the U.S. residential solar tax credits, highlighting a balanced risk/reward profile amid market fluctuations.
flick tv secures 2.3 million dollars for india's first micro-drama platform
Flick TV has successfully raised $2.3 million in seed funding to develop India's first micro-drama OTT platform. This innovative venture aims to cater to the growing demand for short-form content in the Indian entertainment landscape. The funding will support the platform's launch and content creation efforts.