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The Digital Takeover: How Traditional Finance is Embracing Crypto

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In a world where technological advancements are rapidly reshaping the way we conduct our financial affairs, the concept of cryptocurrencies has gained immense traction.

Traditional finance, once resistant to change, is now beginning to recognize the potential of digital currencies. Institutions and individuals alike are venturing into the realm of crypto, and it’s a trend that shows no signs of slowing down.

Platforms like Immediate Code Ai, an online trading platform designed to cater to the evolving needs of investors, exemplify this shift towards embracing the digital future of finance. [Read more…] about The Digital Takeover: How Traditional Finance is Embracing Crypto

General Electric resumes talks to sell its industrial solutions business to ABB

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General Electric has resumed negotiations to sell its industrial solutions business to ABB, according to a report on Reuters.com. 

The US conglomerate’s industrial solutions business includes products such as circuit breakers, relays, panel boards and other technologies for sectors including power generation, telecommunications and mining.

Swiss company ABB had previously talked to GE about possibly purchasing the business, and the price it offered was said to be $2 billion.  [Read more…] about General Electric resumes talks to sell its industrial solutions business to ABB

US gives Midea green light to buy Kuka

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US approves Midea takeover of Kuka. Reuters/Wolfgang Rattay
US approves Midea takeover of Kuka. Reuters/Wolfgang Rattay

Reuters

China’s Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light.

Midea, which launched a €4.5 billion offer for Kuka in May, said Germany’s markets regulator had approved the settlement of the transaction, allowing it to control a 94.55 percent voting stake in Kuka from January onwards.

The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China protects its own companies against foreign takeovers.  [Read more…] about US gives Midea green light to buy Kuka