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Cryptocurrency

Worldcoin says will allow companies, governments to use its ID system

Ricardo Macieira, regional manager, Europe holds the biometric imaging device, the Orb of the identity and financial public utility Worldcoin in his hands, to create a World ID digital passport, being able to trade in cryptocurrency issued, in Berlin, Germany August 1, 2023. REUTERS/Annegret HilseLONDON, Aug 2 (Reuters) - Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.Co-founded by OpenAI CEO Sam Altman, Worldcoin...
Funds

Italian gas group Snam seeks to tap EU green energy funds

MILAN, July 27 (Reuters) - Italy's state-controlled gas grid operator Snam (SRG.MI) said on Thursday it expected to get a financial support for some of its projects from the European Union's REPowerEU green energy scheme.The Italian government, which is struggling to spend 191.5 billion euros ($210.59 billion) of EU post-COVID funds by 2026, wants to shift some of that money to REPowerEU projects.According to a document released by the government, Rome could spend in total 19 billion euros ($21 billion) under the REPowerEU, with more than 400 million euros earmarked...
Funds

UK’s Schroders H1 assets drop, Jupiter, St James’s Place rise

July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment amid market volatility.UK investors are playing it safe pulling $842 million from equity funds in June in favour of money market and fixed-income funds, fund network Calastone said earlier this month."Like the rest of our peers we see this to be a challenging environment, markets are volatile," Jupiter CEO Matthew Beesley told Reuters."We know that client confidence in markets is not high. With this uncertain environment...
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