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Business & Lifestyle

Online music service SoundCloud saved by $170 million investment

BERLIN (UPI) -- Digital music service SoundCloud will continue to operate following a new investment round. SoundCloud founder Alexander Ljung confirmed the music-sharing platform is "isn't going away" after being boosted by a $169.5 million investment from The Raine Group and Temasek. The Germany-based service had fallen on financial difficulties in recent times. Soundcloud disclosed steps it would take to cut its overhead costs last month, which included 173 layoffs. "I'm happy to announce that together with investors The Raine Group and Temasek we've just […]

August 12, 2017 4

Brexit Watch

Report: Brexit will cause 40,000 investment bankers to leave Britain

LONDON (UPI) -- Britain could lose up to 40,000 investment bankers as a result of Brexit, a new report says. The report from managing consultant group Oliver Wyman says that as Britain prepares to leave the European block by 2019, British bankers working in the European financial system system could move out of London to other European finance hubs. The report states that the European Union "faces a number of broader policy questions about the future structure of the Euro financial system and […]

August 1, 2017 18

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