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Societe Generale is set to launch a dollar-pegged stablecoin, marking a significant move in the financial sector. This initiative reflects the growing interest in digital currencies and their integration into traditional banking systems. The stablecoin aims to provide stability and efficiency in transactions.
Thunder Code, co-founded by Jouini and Othmani, aims to revolutionize QA with features like natural language test creation and AI-driven CI/CD pipelines, claiming to cut testing time by 90%. Meanwhile, Tunisian startup Kumulus Water has raised $3.5 million to scale its technology that converts air into drinking water, addressing water scarcity sustainably. EIGHTClouds, a UAE-based investment firm, has successfully raised $20 million to expand in the food and beverage and hospitality sectors, focusing on consumer-centric brands in the GCC region.
With the S&P 500 nearing its all-time high, investors are cautious about entering the market. Historical data indicates that buying at peaks has often been less risky than perceived, with many avoiding significant drawdowns. To mitigate timing risks and inflation concerns, underallocated investors are encouraged to phase into equities gradually, utilizing strategies like dollar-cost averaging and structured investments to enhance returns while managing risk.
Tunisia-based AI startup Thunder Code has raised $9 million in seed funding to enhance its AI-native software testing platform, enabling non-technical users to automate testing and improve QA efficiency by 90%. Founded by Karim Jouini and Jihed Othmani, the platform features advanced capabilities like natural language test creation and self-healing scripts, aiming to redefine quality assurance standards globally.
UBS has maintained a "Neutral" rating on Renault shares with a target price of 47 euros, citing mixed registration data for May and moderate sales growth. Despite this, the strength of Renault's balance sheet was highlighted, as shares rose 1.05% to close at 43.45 euros on the Paris stock exchange.
European stock markets experienced slight declines, with the EuroStoxx 50 down 0.22% and the Swiss SMI falling 0.49%, pressured by UBS's 6.6% drop amid concerns over new capital requirements. In contrast, London's FTSE 100 rose 0.39%. Construction stocks, particularly Holcim, gained after Barclays upgraded its rating, while oil stocks thrived as prices increased, with Shell rising 2%.
European stock markets experienced slight losses, with the EuroStoxx 50 down 0.22% and the Swiss SMI falling 0.49%, pressured by UBS's 6.6% drop amid concerns over new capital requirements. In contrast, London's FTSE 100 rose 0.39%. Construction stocks, particularly Holcim, gained after Barclays upgraded its rating, while oil stocks led gains as prices increased, with Shell rising by 2%.
European stock markets experienced slight declines at midday, with the EuroStoxx 50 down 0.22% and the Swiss SMI falling 0.49%, pressured by UBS's 6.6% drop amid concerns over new capital requirements. In contrast, London's FTSE 100 rose 0.39%, and construction stocks like Holcim gained after a rating upgrade from Barclays. Oil stocks led the gains, buoyed by rising oil prices, with Shell increasing by 2%.
L'Oréal shares have rebounded approximately 10% since late April, recovering from a low of €320, aided by geopolitical developments and improved market sentiment. The stock, trading at a historically low valuation of 28 times earnings, has crossed significant technical thresholds, making it an attractive buy above €368, with potential targets of €410 and €515. The company's defensive brand portfolio positions it well against economic downturns, enhancing its risk/return profile.
Super Capital is expanding into the Middle East and Africa, launching the MEA Club to invest €100K–€250K in 10 high-potential startups annually across sectors like fintech and healthtech. Co-founded by Corentin Orsini, the firm emphasizes a founder-first approach, connecting European investors with emerging-market innovation.
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Societe Generale to introduce new dollar-pegged stablecoin initiative
02:14 11.06.2025
innovative startups secure funding to tackle water scarcity and enhance quality assurance
TUN
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ESP
SAU
ARE
Karim Jouini
Jihed Othmani
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Mohamed Ali Abid
Ziyad Ahmed
Ben Casnocha
Sri Batchu
Victoria Tihipko
Roxanne Varza
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00:13 11.06.2025
Investors Encouraged to Phase into Stocks Despite S&P 500 Nearing All-Time High
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tunisian ai startup thunder code secures 9 million to transform software testing
TUN
FRA
ESP
SAU
SWE
QAT
Karim Jouini
Jihed Othmani
Iheb Triki
Mohamed Ali Abid
Roxanne Varza
Guillaume Amblard
Mark Aitchison
Oliver Wallace
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20:11 10.06.2025
UBS Maintains Neutral Rating on Renault Amid Mixed Sales Growth
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European Stocks Dip as UBS Faces Pressure Amid Ongoing Trade Talks
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European Markets Experience Slight Losses as UBS Faces Pressure
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Super Capital launches investment club to support startups in Middle East and Africa
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