Your Daily Brief For December 1st

Your Daily Brief For December 1st

about 1 year ago1 min

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Your Brief Summary

In today’s Daily brief, we'll be looking at Klarna, which just said it's hoping to return to profitability next year.

"Klarna's losses nearly doubled last quarter, but the firm is hopeful that its actions to turn things around – like laying off staff and being more strict with lending – will help it make a monthly profit next year."

Key takeaways:

  • Klarna said it's hoping to return to profitability next year, despite its losses continuing to balloon last quarter
  • Data showed economic activity in China fell again last month, but there are hopes government action could help turn things around soon


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