
AI Stock-Analytics Chatbot BridgeWise Expands Into Dubai
BridgeWise, a startup whose AI chatbot provides stock investment advice, is expanding into the Gulf region with an office in Dubai that will serve as its regional headquarters.
Emirates NBD PJSC, Dubai's largest lender, invested in the artificial intelligence company's $21 million fundraising round last year, alongside the Swiss and Brazilian stock exchanges, BridgeWise said.

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USA Today
2 hours ago
- USA Today
Corsair Signs Strategic Partnership with Kera Energy for Global Distribution of Pyrolysis Oil
New partnership expands global access to Corsair's recycled plastic oil across Europe, Asia, and the Americas. Plastic waste recycling company Corsair Group International Holding BV (CORSAIR) is proud to announce a new strategic partnership with KERA Energy AG, a Swiss-based leader in sustainable industrial value chains. Under the agreement, CORSAIR will supply advanced pyrolysis oil to KERA Energy , which will distribute the Plastic Pyrolysis Oil (PPO) across key markets in Europe, Asia, and the Americas. This collaboration marks another important step in CORSAIR's mission to scale up sustainable advanced recycling of plastic waste . The agreement with KERA Energy signals growing international demand for CORSAIR's high-quality pyrolysis oil derived from everyday household plastic waste. 'We are very pleased to partner with KERA Energy, a company that shares our vision of a cleaner, circular economy,' said Jussi Veikko Saloranta, CEO of CORSAIR. 'KERA's extensive expertise and market access will allow us to accelerate our environmental impact and expand our reach globally.' Founded in 1999 and headquartered in Zug, Switzerland, KERA Energy AG specializes in the optimization of supply chains and the commercialization of sustainable raw materials such as plastic pyrolysis oil (PPO) and tire pyrolysis oil (TPO). With a processing capacity of up to 300,000 tons per year and compliance with ISCC+ and REACH regulations, KERA is at the forefront of enabling circular and bio-based feedstock solutions for the chemical and refining industries. 'We are proud to partner with CORSAIR as we jointly work to eliminate plastic waste from our environment,' said Shane Perl, CEO of KERA Energy. By utilizing CORSAIR's pyrolysis oil, produced from mixed plastic household waste at facilities in Thailand, Finland and its future facilities, KERA will support the production of new, sustainable plastics and chemicals, reducing dependency on fossil-based virgin feedstocks, diverting plastic waste destined for landfill or incineration and contributing to a closed-loop system for plastic materials. 'We work with pyrolysis companies from concept to technical development and on to commercially optimizing their circular and bio-based oil products.' Simon Housecraft, Head of Sustainable Materials at KERA, states: 'We are committed to building a bridge between environmental goals and industrial performance, and this partnership with CORSAIR embodies that commitment. We believe CORSAIR will remain one of the global leaders within this market sector with ambitious but, realistic expansion plans. As a partnership, we believe we can successfully deliver circularity to our market sector' With this new alliance, CORSAIR strengthens its role as the fastest growing company in advanced plastic recycling and takes another key step toward a world where waste is transformed into valuable resources for the future . For more information, please visit Contact Info mail: info@ phone: +66 957 613 702 SOURCE: Corsair group View the original press release on ACCESS Newswire


Fast Company
7 hours ago
- Fast Company
Forget chocolate! The world now envies Switzerland's zero interest rates
[Source Photo: Freepik ] BY Listen to this Article More info 0:00 / 2:17 The world envies Swiss chocolate, army knives, and now . . . interest rates? Swiss National Bank, Switzerland's central bank, moved interest rates to zero this week, a reduction of 25 basis points, and a notable detraction from other central banks around the world, such as the Federal Reserve in the U.S. and the Bank of England in the U.K. In a statement, the Swiss National Bank said that the move was made in relation to declining inflation worries—and that it's expecting the economies to buckle under the volatility created, in part, due to the Trump administration's trade policies. 'With today's easing of monetary policy, the SNB is countering the lower inflationary pressure. The SNB will continue to monitor the situation closely and adjust its monetary policy if necessary, to ensure that inflation remains within the range consistent with price stability over the medium term,' the statement read. 'The global economic outlook for the coming quarters has deteriorated due to the increase in trade tensions. In its baseline scenario, the SNB anticipates that growth in the global economy will weaken over the coming quarters. Inflation in the U.S. is likely to rise over the coming quarters. In Europe, by contrast, a further decrease in inflationary pressure is to be expected.' Meanwhile, in the U.S., the Federal Reserve's latest meeting wrapped up this week with no change in interest rates, despite pressure from the White House and others to lower them. Fed Chair Jerome Powell and other Fed governors have been reluctant to do so, as inflation data has still not gotten close enough to its 2% target, and employment data has remained positive. Across the Atlantic, however, another European country, Norway, also cut rates this week. And some experts think that the Swiss could go even further, instituting negative interest rates at some point this year. 'There are risks that the SNB will go further in the future if inflationary pressures don't start to increase, and the lowest the policy rate could go is -0.75%, the rate it reached in the 2010s,' Swiss National Bank's Chairman Martin Schlegel told CNBC on Thursday. 'But what I can say is that going negative, we would not take this decision lightly.' The final deadline for Fast Company's Next Big Things in Tech Awards is Friday, June 20, at 11:59 p.m. PT. Apply today. ABOUT THE AUTHOR Sam Becker is a freelance writer and journalist based near New York City. He is a native of the Pacific Northwest, and a graduate of Washington State University, and his work has appeared in and on Fortune, CNBC, TIME, and more. More
Yahoo
11 hours ago
- Yahoo
SNB Introduces Stealth Negative Rate to Protect Money Market
(Bloomberg) -- The Swiss National Bank may have cut its interest rate to zero, but the way it penalizes banks' excess reserve holdings means lenders will face negative rates if they park too much cash at the central bank. Security Concerns Hit Some of the World's 'Most Livable Cities' JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown How E-Scooters Conquered (Most of) Europe NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Swiss banks can hold up to an unchanged 18 times their minimum reserve requirement in sight deposits at the SNB for free. For anything over that they will be charged interest of -0.25% as the discount from the policy rate remains unchanged at 25 basis points, the institution said in a statement on Thursday. The goal behind the 'tiered remuneration' is to incentivize lending between banks so that enough liquidity is exchanged on the Swiss money market. For lenders holding more than their limit it's cheaper to pass on excess reserves to institutions which are under their thresholds, because they have to pay them less than the central bank. For all lenders which don't have a minimum reserve requirement the threshold is set at 10 million francs ($12 million) in sight deposits, the SNB said. The system, which the SNB has had in place since it lifted its key rate above zero in 2022, means that the average money-market rate — known as Saron — has usually been a few basis points below the central-bank rate. From Friday on, negative funding costs for banks are therefore likely, as board member Petra Tschudin told reporters in Zurich. She added that she expects only 'very little' sight deposits to be remunerated at the negative rate. That chimes with experience from some three years under the regime, where typically only a tiny fraction of them were hit by the lower rate. Switzerland's main banks lobby called the SNB's decision 'understandable,' but criticized its consequences. 'It's clear that a zero interest rate environment diminishes the incentive for responsible saving and places additional pressure on retirement provision,' the Swiss Bankers Association said in a statement. 'As in previous periods of low interest rates, banks and their customers once again bear a significant share of the monetary policy burden.' Similarly, the insurance association welcomed the SNB not going negative, but stressed that 'even the return to a low interest rate environment already poses a challenge' to the sector. SNB President Martin Schlegel acknowledged the discomfort the new rate environment creates for banks and signaled that there's an elevated bar for further cuts. 'We would not take the decision to go negative lightly,' he said. 'But I want to stress that the profitability of banks is not within the national bank's objectives.' Given the small share of deposits affected, it's unlikely that the SNB will make a lot of money from charging lenders. Between 2015 and 2022, the central bank earned almost 12 billion francs from negative rates, though it then paid out 14.5 billion francs from when rates turned positive through the end of March of this year. --With assistance from Paula Doenecke, Jan-Henrik Förster, Levin Stamm and Noele Illien. (Updates with comments from insurance lobby in ninth paragraph) Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data