Revolut blamed the mounting losses — which came despite a rise in revenue and customer numbers — on its investment in international expansion and new product offerings.
The coronavirus has infected more than 20 million people across the world as of Monday, and killed at least 733,929, data compiled by Johns Hopkins University showed.
The top opposition candidate in Belarus' presidential vote who refused to concede her defeat has fled the country amid a massive police crackdown on protests, Lithuania's foreign minister said Tuesday.
Real estate has been the public's favored investment, but the Chinese government is now cracking down on speculation, said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management on Tuesday.
The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. Previously, it had expected the country's GDP to fall by between 4% and 7%.
President Michel Aoun accepted the resignation and asked Diab's government — formed in January with the backing of Iran's powerful Hezbollah group and its allies — to stay as a caretaker until a new cabinet is formed, a televised announcement said.
The Federal Reserve in July bought up more bonds from blue-chip companies including Microsoft and Coca-Cola, while it added to its positions in junk debt and made its biggest Main Street loan to a ski resort and casino in the Pocono Mountains.
If Microsoft were to complete an acquisition of TikTok it would gain a company with much potential for advertising revenue growth, but with such a purchase, Microsoft would also take on an entirely new slate of problems.