The UK stock market lacks exciting growth companies, but fintech is a promising sector with champions like Revolut, valued at $45 billion. NuBank, listed as Nu Holdings, is a standout fintech growth story in Brazil, expanding profitably into new markets. JPMorgan Chase, with a low-cost banking app and plans for a credit card, is a legacy bank making strides in fintech, posing a threat to traditional UK banking brands.
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Sweden criticises China for refusing full access to vessel suspected of Baltic Sea cable sabotage
Roula Khalaf, Editor of the FT, highlights Sweden's criticism of China for denying access to investigators on board a Chinese vessel suspected of cutting cables in the Baltic Sea. The ship, Yi Peng 3, left international waters and is heading to Egypt, despite pressure from the Swedish government for a full investigation. Some believe it was bad seamanship, while others suspect Russian involvement, as this is the second incident involving a Chinese vessel damaging infrastructure...
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