Nubank is a Brazilian financial technology bank with a highly digital orientated business model, currently operating in Brazil, Mexico, and Colombia. Founded in 2013, it took just four years to reach a 1 billion USD valuation, becoming a unicorn start-up, and most recently in June 2021, it was valued at 30 billion USD in its…

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Over the past two weeks at the 26th Convention of Parties conference (COP26) in Glasgow, the International Financial Reporting Standards (IFRS) Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB). The Trustees confirmed that they are in advanced stages in appointing the Chair and vice-Chair to the Board. This has been long…

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As a result of surging petrol and diesel prices in Hungary, its prime minister Viktor Orban announced on the social media platform Facebook that fuel prices will not exceed 480 HUF (0.0023 GBP). The price cap will last a total of three months starting in November 2021, per the Financial Times. The announcement by Mr…

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The ‘golden age of travel’ is coming, and the future of related industries is looking bright. At least, this was the claim of Airbnb Inc (ABNB) co-founder and CEO, Brian Chesky, as he spoke to CNBC earlier this week. Admittedly, the San Francisco-based company’s third-quarter earnings report, released Thursday 4th November, boasted of impressive revenues…

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On 9th November, the online food delivery company DoorDash announced the acquisition of Finnish food delivery company Wolt for 7 billion EUR. The all-stock transaction is expected to be completed in the second half of 2022 and represents DoorDash’s largest purchase to date. The announcement received a positive reaction from investors, with the price of…

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On 6th December 2013, Dogecoin was launched as a proof of work cryptocurrency, based upon the existing protocols of Litecoin and Luckycoin. Billy Markus and Jackson Palmer created Dogecoin as a joke, based around the popular internet Shiba Inu meme. Generally, it has stayed that way since its launch: a joke within the market as…

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Between September and October 2021, the IHS Markit/CIPS UK Construction Purchasing Managers’ Index (CPMI) rose from 52.6 to 54.6. A reading above 50 indicates the industry is growing. The index is calculated from a survey of construction managers around the country. This means it utilises information currently only available to firms and is generally indicative…

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Founded in 2009, Rivian is an electric automotive company that has recently developed and produced its first vehicle models, these include an SUV, pick-up truck, and delivery van. They are technological innovators and have pioneered the design of a chassis that contains all the vehicle’s key components. Named a ‘skateboard’ chassis because of its distinctive…

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