Forthcoming regulatory changes will introduce mandatory affordability assessments for Buy Now Pay Later (BNPL) services, potentially preventing consumers from using these credit facilities. This shift, driven by the Financial Conduct Authority (FCA), aims to mitigate financial risks but could impact millions of users.
Nvidia reported a second consecutive quarter of revenue growth, reaching $22.1 billion, driven by robust demand for its artificial intelligence hardware. The company's data centre division saw a 409% increase, surpassing analyst predictions.
The Scottish National Investment Bank (SNIB) recorded a significant net loss of £138 million in the past year, attributed to investments in several now-defunct companies. This publicly-owned entity operates independently of direct governmental control.
Meta has agreed to a settlement worth up to $17.1 billion with 29 US states concerning allegations that its social media platforms detrimentally affect youth mental health. This agreement, reached during a federal court trial in California, includes provisions for independent monitoring and mandatory product changes.
