Tag: Million
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Asseta AI Secures $4.2 Million to Revolutionize Family Office Fintech Solutions
Family offices in the US managed $3.1 trillion worth of assets last year, according to a Deloitte report. That’s more than the market caps of Meta and Tesla, combined. But many family offices manage all of those assets using relatively basic software, such as Excel and QuickBooks, as well as borderline prehistoric technologies like fax…
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Elon Musk’s X Penalized €120 Million for Misleading Blue Tick Policy
Liv McMahonTechnology reporter Getty Images The EU has fined Elon Musk’s social media platform X €120m (£105m) over its blue tick badges – prompting an angry reaction from the US. The European Commission said by allowing people to pay for a blue verified check mark on their profile, the platform “deceives users” because the firm…
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UAE Imposes AED 34 Million Fines on 1,300 Companies for Job Scam
MoHRE flags 1,300 firms, issues Dh34m fines over fake employment / AI Generated Image In a massive crackdown aimed at protecting the national Emiratisation drive, the UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has imposed administrative and financial sanctions exceeding AED 34 million against over 1,300 companies. These firms, linked to roughly 1,800 employers,…
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Border Disruptions Threaten $200 Million Medicine Trade
KARACHI: Repeated closures of the Pakistan-Afghanistan border have brought bilateral medicine trade to a standstill, leaving hundreds of trucks stranded and “jeopardising” nearly $200 million worth of pharmaceutical exports, industry sources said. Industry representatives warn that the ongoing blockade at Torkham and Chaman is crippling pharmaceutical supplies to Afghanistan, spoiling temperature-sensitive drugs, and exposing Pakistan…