Author

admin

Browsing

The FTSE 100 index has started the year well as it surged to a record high. It moved to a high of £8,645, up by over 75% from its lowest level in 2020 and by 15% in the last 12 months. 

The next few weeks will be important for the FTSE 100 index as the Bank of England (BoE) delivers its first interest rate decision and as many constituent companies release their financial results. So, let’s explore the key catalysts for the Footsie and the top companies to watch next week.

Bank of England’s decision

The Bank of England’s decision, scheduled for Thursday next week, is the main catalyst for the FTSE 100 index. 

This will be an important meeting since analysts anticipate that the BoE will start its pivot into a more dovish view. In this, there is a likelihood that the bank will cut interest rates by 0.25% and then point to more cuts later this year. 

The BoE has been more cautious than the Federal Reserve and the European Central Bank (ECB). It slashed interest rates two times last year and maintained a cautious tone because of inflation.

The rising hopes of a dovish tone explain why UK Gilt yield have pulled back. Data shows that the 10-year trend has moved from 4.90% to 4.55%, while the 5-year trend has moved from 4.70% to 4.3%. The FTSE 100 index will likely do well if the BoE turns dovish in this meeting. 

Top corporate earnings

Corporate earnings will be the key catalysts for the FTSE 100 index next week. Diageo, the giant alcohol manufacturer and parent company of popular brands like Guinness, Johnie Walker, Baileys, and Smirnoff, will be the first big FTSE 100 company to release its financial results. 

These numbers will come at a time when the Diageo share price has been under pressure. It was trading at 2,400p, down by 37% from its highest level during the pandemic. This weak performance is in line with most alcohol stocks like AB InBev and Molson Coors.

Healthcare giants in the FTSE 100 index will also be in the spotlight next week. GSK and AstraZeneca will publish their numbers on Wednesday and Thursday. GSK share price remains in a deep bear market after falling by 21% from its highest level in 2024, while AstraZeneca has dropped by 15%. Therefore, these results will likely provide a catalyst for the two firms. 

Vodafone, the giant telecom company, will release its results on Tuesday. Like other top FTSE 100 companies, the Vodafone share price has remained under pressure in the past few months as investors watch the ongoing turnaround strategy. Its stock was reading at 68p, down by 10% from its 2024 highs.

Entain, the parent company of Ladbrokes, EuroBet, Coral, and BetMGM will also release its results at a time when there are concerns about the industry.

FTSE 100 index analysis

The weekly chart shows that the FTSE 100 index made a strong bullish breakout and hit a record high this week. It moved above the important resistance level at £8,476, the previous all-time high and the upper side of the ascending triangle pattern. The FTSE 100 index has remained above the 50-week moving average. 

Therefore, the FTSE 100 index will likely continue rising as bulls target the key psychological point at £9,000.

The post FTSE 100 forecast: BoE decision, Diageo, Vodafone, GSK earnings appeared first on Invezz

The Russian ruble is back. The USD/RUB exchange rate has retreated from last year’s high of 114.45 to the current 98.30, its lowest level since November 14. It has also formed a highly bearish chart pattern, pointing to more downside later this year. 

USD/RUB forecast as a double-top pattern

The daily chart shows that the USD/RUB exchange rate rose to a high of 114.48 in 2024 as the Russian economy remained on edge. 

It has now reversed some of those gains and dropped to a low of 98. The pair has formed a double-top chart pattern, pointing to a strong pullback. This pattern comprises two peaks and a neckline at 98.57. It has already dropped below the neckline and retested it, a continuation sign.

The pair’s neckline was at the 50% Fibonacci Retracement level. It has dropped below the 50-day and 100-day Exponential Moving Averages (EMA), which are about to form a bearish crossover.

The Relative Strength Index (RSI) and the MACD indicators have continued falling, a sign that the downtrend is gaining traction. 

Therefore, the path of the least resistance for the USD/RUB pair is bearish, with the next point to watch being the 61.8% retracement level at 94.65. More downside from that point will lead to further selloff to the psychological point at 90. Conversely, a move above the 1he 50-day moving average will invalidate the bearish view.

Why the Russian ruble is soaring

There are a few reasons why the Russian ruble has gained against the US dollar. First, it has become a popular carry trade currency as the divergence between the United States and Russia continues. 

The Federal Reserve has started to cut interest rates in a bid to supercharge the economy. It has slashed rates by 1% since last year, and officials expect to deliver two cuts later in 2025. 

On the other hand, the Central Bank of Russia has embraced a highly hawkish tone in the past few months as the economy has done well. It raised interest rates to 21% in December, and analysts expect it to continue in January. It moved them from 7.50% in 2022. 

The Russian central bank’s hikes have created a good carry trade opportunity and demand for the currency. A carry trade is a situation where investors borrow a low-interest-rate currency and then invests in high rate ones.

Elevated crude oil and natural gas prices have also supported the Russian ruble. Brent, the global benchmark, has risen to $76, while West Texas Intermediate (WTI) has increased to $74. Russia benefits from higher oil prices because it is the biggest foreign exchange earner. 

Natural gas prices have also jumped to the highest level in months amid elevated demand from European countries. All these factors have contributed to the ongoing Russian ruble surge this year.The Russian ruble has gained after Donald Trump’s win, which raised the odds that the United States will scale back tariffs on the country.

The post USD/RUB forecast: here’s why the Russian ruble is soaring appeared first on Invezz

Pi Network price remained on edge on Friday morning after the developers announced another extension of the Know Your Customer (KYC) verification. The Pi token was trading at $42.75 on Friday, down by over 57% from its highest level in 2024. 

Pi Network KYC grace period delayed again

In a statement, the developers said that the new grace period date will be extended to February 28. This is a big disappointment to Pi Network pioneers, who have been waiting for this process to complete as soon as possible. 

The initial grace period for the KYC was on November 30th. It was then extended to the December 31st and then to January 31st. It has been extended by another month, disappointing many users waiting for the mainnet launch.

The Pi Network said the extension will give pioneers more time to migrate their tokens to the mainnet. They expect that the more pioneers who complete the KYC verification and move their tokens to the mainnet will benefit the network. 

They hope that the extension will increase inclusivity and fairness, remedy for corner cases, and strengthen the network for the mainnet launch. 

On the positive side, the developers noted that the KYC extension will not affect the mainnet launch, which is expected to happen in the first quarter of this year. They still expect it to happen later this quarter, most likely in March. 

The challenge, however, is on how to trust the Pi Network team because of its long track record of deceiving the users. For example, in an announcement on December 27, 2023, the developers said that the intention was to launch the Open Network in 2024, which did not happen.

Read more: Will the Pi Network mainnet launch in 2024?

What next for the Pi Network price?

Pi Network price chart by TradingView

The Pi coin price has been in a strong downward trend in the past few months as the developers continued to extend the KYC verification. Judging by history, there a high chance that the February extension will be extended again. 

Also, the developers have not lived up to the previous guidelines on the mainnet launch process, meaning that the current Q1 deadline may not happen. 

The developers have a good reason to extend the mainnet launch. One of the three criteria for the launch is that they should be at least 100 mainnet-ready applications. There are now about 80 mainnet-ready apps. As such, the developers can justify another extension. 

All this bodes negatively for the Pi Network price. On the daily chart, the coin has moved below the 50-day moving average and has formed a bearish flag pattern. This pattern comprises a long vertical line and a rectangle and is one of the most bearish signs in the market. 

Therefore, the Pi Network price will likely have a bearish breakdown, potentially to the key support at $29.15, its 2024 low, and 31% below the current level. 

Read more: Is Pi Network a genuine crypto project or a scam?

The post Very bad news for Pi Network holders: will the Pi coin price crash? appeared first on Invezz

The USD/INR exchange rate has surged to a record high as the Indian rupee remained on edge. It jumped to a high of 86.65, up by 5% from its lowest level in 2023 as traders wait for the upcoming US Personal Consumption Expenditure (PCE) data. So, what next for the USD to INR exchange rate?

US PCE data ahead

The USD/INR continued its strong rally this week, as the Federal Reserve made its first interest rate decision of the year. As economists had widely expected, the Fed left interest rates unchanged at 4.50%.

The Fed left its guidance largely unchanged. It is now expected that inflation will remain higher for longer this year. As a result, officials anticipate that the country will require fewer interest rate cuts this year. 

Most economists now expect the Fed to deliver its first interest rate cut in its July meeting. It will then hold them steady and deliver another cut in the fourth quarter.

The Fed is in no hurry to cut rates for two main reasons. First, it is concerned that US inflation remains significantly high. The headline Consumer Price Index (CPI) rose from 2.7% in November to 2.9% in December last year. 

Economists expect the upcoming PCE report to show that prices continue rising. The headline PCE is expected to be 2.6%, up from 2.4% the previous month. Core PCE, excluding volatile food and energy prices, is expected to remain steady at 2.8%. All these numbers are higher than the Fed’s target of 2.0%.

The PCE is the most important inflation data that the Federal Reserve because it considers price changes in the rural and urban areas. This is unlike the Consumer Price Index data, which looks at the urban areas. 

Reserve Bank of India rate cuts

The USD/INR pair has also surged as investors anticipate the Reserve Bank of India (RBI) cutting interest rates. 

Odds of more rate cuts rose after the country published encouraging consumer inflation data this month. India’s Consumer Price Index (CPI) dropped to 5.22% in December from 5.48% a month earlier. It also dropped from 6.21% a month earlier.

Falling inflation and a slowing economy means that the RBI will have the justification to start cuttng rates. 

The RBI has diverged from other central banks in the past 12 months. It has left interest rates unchanged, a move that triggered Modi to replace the central bank governor. 

USD/INR technical analysis

USDINR chart by TradingView

The daily chart shows that the USD/INR exchange rate has surged to 86.68 as the Indian rupee crash accelerated. It has remained above all moving averages, a sign that bulls are in control. 

The pair is hovering near the extreme overshoot point of the Murrey Math Lines indicator. Also, the Percentage Price Oscillator (PPO) has risen and is above the zero line. It has also formed a small double-top chart pattern. 

Therefore, the pair will likely have a brief pullback, possibly to the ultimate resistance point at 85.93. This bullish view will become invalid if the exchange rate jumps above the double-top point at 86.70. 

The post USD/INR forms a small double-top: Is the rupee about to rebound? appeared first on Invezz

Cryptocurrency prices moved a little on Friday as Bitcoin found a big barrier at $105,000. The total market cap of all cryptocurrencies retreated slightly to $3.56 trillion after the Federal Reserve left interest rates unchanged at 4.50% in the first interest meeting of the year. 

This article highlights two coins defying gravity, including Stellar Lumens (XLM), Alchemy Pay (ACH), JasmyCoin (JASMY) Mantra (OM).

Stellar Lumens (XLM) price forecast

XLM chart by TradingView

Stellar is a large crypto project in the financial services industry. Its platform allows companies to launch payment services on the blockchain. Stellar’s biggest success story has been its integration with USD Coin (USDC), the second-biggest stablecoin in the industry. Stellar’s soroban project also powers a $450 million tokenized fund by Franklin Templeton. 

The Stellar price surged to a high of $0.6415 in November as most coins surged. It has then pulled back and moved below the important support level at $0.50. Stellar has remained slightly above the 50-day and 100-day Exponential Moving Averages (EMA), a highly bullish chart pattern.

XLM has also formed a bullish pennant chart pattern, whose triangle pattern is about to meet its confluence level. Assets tend to have a strong bullish breakout when the two lines of the triangle near their confluence. Such a move will likely lead to more upside, potentially to the key resistance level at $0.6415, the upper side of the pennant. A drop below the 100-day moving average at $0.3520 will invalidate the bullish view.

Alchemy Pay (ACH) price prediction

ACH price chart by TradingView

Alchemy Pay, the leading on-ramp payment network, performed strongly this week after inking a partnership with Movement Labs. The daily chart shows that the ACH token went parabolic and reached a high of $0.050 on Thursday. 

Alchemy crossed the important resistance level at $0.040, its highest swing on December 6. Moving above that point invalidated the double-top pattern, a popular bearish sign in the market. 

The MACD and the Relative Strength Index (RSI) and the MACD indicators have continued pointing upwards, moving to the overbought point. Alchemy Pay moved to the ultimate resistance point of the Murrey Math Lines. 

Mantra (OM) price analysis

OM price chart by TradingView

Mantra, a top crypto project in the Real World Asset (RWA) tokenization industry, has been one of the best-performing coins since 2024. It has surged by over 5,000% in that period.

The coin made a strong bullish breakout this week, as we predicted. On the weekly chart, Mantra price moved above the key resistance level at $4.5340, its highest in November and December last year. 

Mantra has soared above the upper side of the bullish flag chart pattern, a positive sign. Also, the MACD and the Relative Strength Index (RSI) have pointed upwards. The bullish flag pattern points to more gains, potentially to $10 in this bullish cycle. 

Jasmy price forecast

Jasmy chart by TradingView

JasmyCoin’s price rebounded strongly, making it one of the best-performing coins on Friday. It jumped to a high of $0.30, a notable level since it was the upper side of the falling wedge chart pattern. A falling wedge is one of the market’s most popular bullish reversal signs. 

Jasmy has moved above the 50-day moving average, while the MACD and the Relative Strength Index have all pointed upwards. Therefore, the Jasmy price will likely continue rising as bulls target the next the key resistance point at $0.050.

The post Crypto price predictions: Stellar, Alchemy Pay, Mantra, Jasmy appeared first on Invezz

Charter Communications’ stock price remains under pressure as the cable industry faces major challenges amid cord-cutting. On Thursday, the CHTR stock closed at $336, down about 60% from its highest level in 2021. This decline has brought its market cap down to about $60 billion as the focus shifts to its quarterly earnings. 

Charter Communications earnings ahead

Charter stock price dropped after Comcast, one of its top competitors, reported soft financial results. Its numbers showed that the cord-cutting trend continued in the last quarter, sending a warning sign for Charter.

Comcast said that it had 12.5 million customers, down from 14.1 million in the same period a year earlier. This is a sign that the cord-cutting trajectory is not slowing. 

Its broadband business is also facing challenges, as customers continue to fall. As of December, it had 31.8 million customers, down from 32.25 million a year earlier. 

These numbers came ahead of Charter Communications’ financial results. The most recent numbers revealed that Charter’s revenues rose by 1.6% in the third quarter to $13.8 billion. Its cost cutting measures helped to boost its profits during the quarter. 

Adjusted EBITDA rose by 3.6% to $5.6 billion, while capital expenditures fell by 13.5% to $2.6 billion. The company’s revenue growth was mainly due to price adjustments, which helped offset its falling subscriber count. 

Charter, the parent company of Spectrum, ended the last quarter with 31.7 million customers, down by 32.2 million in Q3’23. 

The company’s business will likely continue facing challenges as people shift away from cable television. Analysts expect that its results will show that its revenue rose by 1.23% on a YoY basis to over $13.88 billion. The annual revenue will be $55 billion almost flat from a year earlier. 

Analysts believe that, barring major development, its revenue will drop by 0.49% to $54.76 billion in 2025. 

Therefore, most Charter investors, including Warren Buffett, hope that the company will continue reducing its share count over time. Its outstanding share count has dropped from almost 280 million in 2017 to 140 million today. These repurchases have, however, not boosted its earnings per share. 

The average Charter stock price forecast by analysts is $404, up from the current $261. The most bullish analysts are from Keybanc and BNP Paribas.

Charter Communications stock price analysis

Charter stock chart by TradingView

The weekly chart shows that the Charter share price has remained in a tight range in the past few months. It has formed a symmetrical triangle, which is nearing its confluence level. 

This triangle formed after the stock crashed from $825, which is part of a bearish pennant pattern. That could be a sign that it will have a strong bearish breakout, with the next level to watch being at $237, its lowest level in April 2024.

The post Charter Communications stock may crash after earnings appeared first on Invezz

From school and college romances with late-night landline calls to relationships blossoming on apps that break the barriers of location and time, dating in India has come a long way.

Its evolution has also mirrored changing societal norms and gender dynamics.

The trend of using dating apps to meet a potential partner or even spouse, started with Tinder in 2013, which revolutionized the market by popularizing swipe-based dating, especially in metro cities like Delhi, Mumbai, and Bengaluru.

Since then the dating app market is gaining new players, each differentiating itself from another based on features tailor-made to suit one’s dating preferences.

Apps for extra-marital relationships, or an ‘extra-marital connection,’ if you will, are a result of this shift, and the rise of the French extra-marital dating platform Gleeden to 3 million users in India (25% of its global user base) bears testimony to the evolving landscape of marriages and long-term relationships.

Invezz had a candid chat with Sybil Shiddell, country manager for Gleeden in India, about how Indian women in marriages and long-term relationships are increasingly owning their desire to feel seen and valued beyond breadcrumbs.

This shift, Shiddell said has contributed to the rapid growth of female users, who now make up 40% of Gleeden’s user base.

The conversation also covered the company’s challenges in marketing its services, the creative strategies it has adopted to overcome them, its efforts to tap into a younger demographic, and its positioning as a platform for exploring non-monogamous relationships—not just an extra-marital dating app.

Invezz: How has Gleeden’s experience been in India since its launch?

The app was born in France back in 2009, so we have been around for a long time.

Our experience in India is now eight years old. Officially, the app was launched in India in 2018, but we started gaining users from India as early as 2017.

These users were coming spontaneously, without any marketing activity or communication about the app. It was simply available in the app stores, yet Indian users found it and subscribed.

Seeing this organic growth, we started to pay attention. It was clear that this market had potential—people were actively looking for us, finding us, and subscribing.

Less than a year later, we officially launched in India. This meant partnering with a local agency and developing a marketing strategy for the country.

Gleeden India’s growth and evolution

Honestly, I always say this—not to flatter anyone, but because it’s true—India is my favourite market.

Surprisingly, we never faced backlash, despite the controversial nature of our service.

I believe this is because our platform was understood for what it truly is: a beautiful space where people with similar desires and expectations can connect transparently, without deception.

Most of our users are satisfied with virtual companionship and do not necessarily seek anything beyond that.

Of course, some do, but for many, virtual companionship is more than enough. As a result, we never became known as an app for cheating.

This is also because our communication strategy never promoted cheating out loud.

Instead, our messaging and storytelling have always revolved around couples—helping them reconnect, rekindle their relationships, and improve their bond.

We offer advice and insights, and only if that isn’t enough do we suggest finding companionship elsewhere.

Decriminalising adultery, Covid-19 turning points for Gleeden, India

Our biggest boom in India happened in 2018. This was not only due to our structured marketing efforts but also because of a significant cultural shift.

The abrogation of Section 497 decriminalized adultery, officially opening the door for a service like ours. Since then, Gleeden has continued to grow steadily and successfully.

Another major milestone for us was COVID-19. Like all dating apps, we saw a surge in users during the pandemic.

With lockdowns and restrictions in place, people needed social connections outside their immediate circles, and dating apps provided just that.

India remains a key market for us, growing steadily each year. In 2024, we reached 3 million users—a significant achievement, considering we are a niche dating app.

Also, our strongest point, which sets us apart from other so-called “cheating apps”, is our focus on women rather than men.

We do not promote seduction, sex, or an escort-like experience. Instead, we cater to women’s needs—their desire for friendship, connections, and companionship.

This focus differentiates us from similar platforms and ensures that women feel safe within Gleeden.

Why is Gleeden a women-centric platform?

On our platform, women make the first move. They decide whom they want to talk to, when to share their pictures, and who can see them.

Profile pictures are not mandatory, adding an extra layer of privacy—users decide who gets access to their images. 

Additionally, the app is free for women, while men must pay for the service. This creates a natural entry barrier, ensuring that men who join are genuinely interested in meaningful interactions rather than casual harassment. 

When people have to pay, they are less likely to waste time or behave inappropriately, which helps maintain the quality of our user base.

Invezz: What was the motivation behind making Gleeden women-focused? Was it about maintaining quality by setting an entry barrier? 

In part, yes. But more importantly, it was our key differentiator in a competitive market.

We were not the first extramarital dating platform—Ashley Madison was already a giant in this space. Back in 2009, it was the biggest extramarital dating service out there.

However, Ashley Madison primarily targeted men and had a very masculine, brand focused on having affairs. We decided we did not want that.

Our approach was influenced by a cultural element, too. Gleeden was born in France, a country with deep-rooted traditions of courtship, romance, poetry, and dialogue.

In French culture, men are expected to make an effort to woo women. This cultural perspective shaped our vision for Gleeden.

So we wanted to translate this whole idea of extramarital relationship as something sexy, but also platonic, but also romantic. 

We wanted to be more old-fashioned, because, again, most of the time, women appreciate romance, effort, and feeling special- they want to be pursued, but nicely, and that’s why we decided to put them at the centre of our platform.

Indian women are not shy, they know what they want

Invezz: So do you see this cultural component aligning with your experience in India? Could you share some insights?

Yeah, my insights are amazing because Indian women are adventurous. They’re not shy. They know what they want, and they’re very assertive about it. 

From a foreigner’s point of view, there’s often a cliché of Indian women being submissive and “wifey”, but that is not the case.

The country is evolving rapidly, and this is true not just for the younger generation but also for older women.

Many of them, especially those in long-term relationships or marriages, know exactly what they want. 

They may already be wives, mothers, and the so-called “angels of the house,” but in their private lives, they want to explore their more daring side. 

And when they feel safe, they do so without hesitation.

So Indian women are not afraid to ask, and they get straight to the point. This is fantastic because it breaks outdated stereotypes. 

In reality, they are very contemporary women, no different from their counterparts in Western countries.

40% of Gleeden’s 3 million user base in India are women

Invezz: Out of your 3 million-user base in India, how many are women? Also, what kind of market share does Gleeden enjoy in India’s overall dating app market?

Okay, so overall, our app has just surpassed 12 million users globally. Our main market, because we’ve been there the longest, is France.

But India is now our second-largest market in terms of users, followed by Italy in third place. Given this growth, we need to maintain a consistent presence in India.

When we first started, our user base was about 20% women and 80% men. However, after nine years, we now have almost the same gender balance as in Europe—40% women and 60% men.

It’s normal for dating apps to have more male users, as they are more prone to be “out there”.

But the fact that our female audience in India has grown to nearly the same level as in Europe is a significant achievement. 

It means that we were able to talk to our main audience—women—even in India. And that makes us very proud.

Limitations faced while marketing an extra-marital dating app

As far as our marketing strategy in India goes, it differs significantly from other countries due to restrictions on direct advertising. 

Traditional channels like TV and outdoor campaigns are difficult because it is too explicit to declare what we do.

While we don’t necessarily face backlash, we encounter barriers at the entry-level, so we don’t even attempt those methods. 

Instead, we focus on sparking conversations through media, discussing topics like relationships, love, marriage, and infidelity. 

We explore questions such as the role of infidelity in marriage, the concept of non-monogamous relationships, and the silent yet growing trend of open marriages and polyamory. 

By engaging in these discussions, we position ourselves at the centre of the conversation, encouraging people to explore these ideas in a safe, virtual space through Gleeden.

We don’t promote open cheating but encourage different perspectives on relationships, allowing users to explore new connections and experiences online. 

Most of the time, it is more than enough to have these virtual “micro-affairs” which give you the kind of validation, compliments, and attention they might no longer receive from their husbands.

Often, marriages evolve into more of a companionship, resembling sibling-like relationships, where passion fades.

You still love your partner, but maybe you just need that extra attention or affection.

Also, receiving external attention can make a person feel more valued and confident, ultimately contributing positively to their primary relationship by bringing happiness and satisfaction into the home.

In addition to serious discussions, we have also taken a more mainstream, lighthearted approach. 

In September, we introduced our first stand-up comedy show focused on relationships, dating, and infidelity. 

Humour makes it easier to discuss sensitive topics, and the show was super fun.

We are now using digital content from the show—videos and reels—to build a digital strategy aimed at increasing brand awareness and reaching a younger demographic.

Younger demographic is open to trying non-monogamous relationships

Invezz: What’s the average age bracket using your platform currently?

Considering that its an extra-marital dating website, of course, its thirty. Because sometimes you must be married for a long time to actually be in need of something different. 

But now we are trying to talk about the topic also with younger generations because younger generations are considering all these kinds of non-monogamous relationships that could be found on Gleeden as well.

Invezz: So are you also trying to branch into a platform for non-monogamous relationships and not restricting yourself to being just a website for extra-marital relationships?

Yes, we are also evolving into a space where couples interested in polyamory or non-monogamy can connect safely. 

Unlike apps like Hinge, Bumble, or Tinder—which are designed for finding long-term partners—we focus on different kinds of connections.

I think the latest claim of Hinge is “the app that you have to delete” because once you find your partner, you will not need it anymore.

This is not us. We are an extramarital dating website. So it’s like—you can come to Gleeden, find somebody, then go back to your partner, then come back to Gleeden.

We are not selling eternal love, dating, or marriage. You can find it- maybe you find your soulmate, but usually, you go on traditional dating apps for that.

Geographical breakdown of user base and 2025 dating trends

Invezz: Could you also give us a breakdown of the user base geography-wise in India? I read Bangalore has the highest number of users…

Yes, Bangalore has 20% of the Indian community. It is the most important city where we have the most users, followed by Mumbai, Kolkata, Delhi, and Pune- mainly the tier-one cities because also, the mentality is more open in such cities.

Bigger cities also provide better opportunities for geolocalization. You can find a lover in the same city, but it’s not like he/she is your neighbour.

The smaller the town, the higher the risk of meeting someone you already know. But we also have users in smaller cities who actually live there but find their connections in bigger cities.

Invezz: What trends have you seen in the framework of extramarital dating or dating outside of a relationship since Gleeden launched in India? And looking ahead to 2025, what is one trend you think will stand out in dating and extramarital relationships?

Well, as we were talking about, for sure, non-monogamous relationships and non-traditional relationships.

Because long-term couples, after a while, want to expand and experiment for fun. And of course, Gleeden is a perfect place to start.

We ran a survey two years ago, and we’re going to do another one this year to analyze the trends.

When we conduct these studies, we do them with Ipsos. So they are scientifically carried out and truly give us a perception of what the country is thinking.

67% of Indians are interested in trying non-monogamous relationships

One of the findings from two years ago, which I believe is becoming even bigger, is that 67% of Indians declared they were interested in trying a non-monogamous relationship.

Also, if I remember correctly—but I will check on this number—62% had already tried this kind of relationship at least once, which was very interesting.

From a foreigner’s perspective, you always think of India as very traditional, marriage-oriented, and family-oriented.

And then you find out that behind closed doors, people are super open—even more open than Italy.

Italy is a very traditional country. We are very bored from this point of view. India is not.

So I believe this kind of relationship, or at least the desire to try, is going to grow.

The second trend we saw, which I always emphasize because it’s surprising, is single people using Gleeden.

Single people also use Gleeden for privacy concerns, commitment issues

This is wow. It’s like—why? What’s the point of a single person subscribing to Gleeden? We are openly an extramarital dating service.

But then we started investigating this phenomenon.

And basically, what single people like about Gleeden is the privacy we offer. Other dating apps are just catalogues. Your face is up there. You can find everyone—you can find your friends.

So if people don’t want to announce they are dating again, because maybe they went through a hurtful breakup or a divorce, they prefer more privacy.

Invezz: Is it also an emerging trend that single people want to get involved with married individuals or those already in relationships because they want to have a connection without the responsibility?

Exactly. Most of the time, it’s about casual dating. If I’m single and the person is married, there’s a high chance I don’t have to commit. Things are clear.

Hope to close 2025 with another million users

Invezz: How big is your team in India? Do you have an office here?

The team consists of about 10 people. There is no physical office. We don’t have one anywhere.

The office is essentially us—travelling. It’s unusual because, despite being a large platform operating in multiple countries, the actual core team is quite small. 

We prefer working with local professionals and agencies who understand the reality of each country we operate in. In terms of direct employees, we are a very small team.

Invezz: Do you have a target user base for the coming years?

I’d love to add another million users by the end of this year, but we’ll see.

When we release studies with fresh data and trends, we typically see a surge in subscriptions.

I’m ambitious and hope to close 2025 with another million users, but I don’t want to jinx it.

The post Interview: ‘Indian women are not shy, they know what they want,’ says Gleeden’s Sybil Shiddell appeared first on Invezz

DeepSeek’s artificial intelligence announcement triggered a sizable sell-off in bitcoin miners this week. One of the hardest hit among them was Core Scientific Inc.

In just the last five days, the Core Scientific stock has slumped down around 25%. The stock currently trades at around $12.

But the Chinese startup driven decline in Core Scientific stock may be overblown, according to Bernstein analyst Gautam Chhugani.

Down more than 30% versus its high in late November, shares of the Austin headquartered miner trading at a deep discount at writing, which warrants an investment for significant potential returns in 2025, he told clients in a research note today.

Core Scientific stock could return to $17

Bernstein recommends loading up on Core Scientific stock on the weakness as it could climb back to the $17 level by the end of 2025.

Analyst Chhugani called the Nasdaq listed firm a leader in hybrid miners or companies that have an active bitcoin mining as well as an artificial intelligence business.

CORZ has a first-mover advantage over its rivals with a $6.7 billion deal with Nvidia-backed CoreWeave in 2024, he added.

Our top pick, CORZ offers ready power access and data centre buildout to HPC cloud partners such as CoreWeave, who in turn are contracted by hyperscalers and AI labs.

Core Scientific shares do not currently pay a dividend though.

CORZ is being valued as pure-play bitcoin miner

Core Scientific is currently trading at an enterprise value of about $2.7 million per megawatt – more like a pure-play bitcoin miner than a hybrid.

The company based out of Austin, Texas has about 70% of its capacity allocated to AI. Still, data centres don’t seem to be baked into its valuation at writing, Chhugani argued in his report.

Bitcoin miners are the second derivative of the AI capex story. They have a 12-18 months finite window to build a hybrid data centre business, while the hyperscalers capex remains persistent.

Versus its 52-week low, Core Scientific stock is up a whopping 350% at writing.

How Core Scientific did in its latest reported quarter

Analyst Gautam Chhugani remains super bullish on Core Scientific stock even though the company’s third-quarter financial results in November were not all that encouraging.

CORZ saw its revenue tank 16% on a year-over-year basis to $95 million as its loss also widened to $455 million in Q3. At the time, chief executive Adam Sullivan told investors:

Based on our existing pipeline and growing list of potential new clients, we now have line of sight to a total of more than one gigawatt of critical IT load to contract, significantly expanding the value we can create for our shareholders.

Note that Bernstein is not the only one among Wall Street firms to take a bullish stance on bitcoin miners following the DeepSeek driven decline.

Analysts at Cantor Fitzgerald and Piper Sandler also called the sell-off overdone in their research notes this week.

The post This Bitcoin miner is down 25% after DeepSeek selloff, but analyst sees rebound ahead appeared first on Invezz

The FTSE 100 index has started the year well as it surged to a record high. It moved to a high of £8,645, up by over 75% from its lowest level in 2020 and by 15% in the last 12 months. 

The next few weeks will be important for the FTSE 100 index as the Bank of England (BoE) delivers its first interest rate decision and as many constituent companies release their financial results. So, let’s explore the key catalysts for the Footsie and the top companies to watch next week.

Bank of England’s decision

The Bank of England’s decision, scheduled for Thursday next week, is the main catalyst for the FTSE 100 index. 

This will be an important meeting since analysts anticipate that the BoE will start its pivot into a more dovish view. In this, there is a likelihood that the bank will cut interest rates by 0.25% and then point to more cuts later this year. 

The BoE has been more cautious than the Federal Reserve and the European Central Bank (ECB). It slashed interest rates two times last year and maintained a cautious tone because of inflation.

The rising hopes of a dovish tone explain why UK Gilt yield have pulled back. Data shows that the 10-year trend has moved from 4.90% to 4.55%, while the 5-year trend has moved from 4.70% to 4.3%. The FTSE 100 index will likely do well if the BoE turns dovish in this meeting. 

Top corporate earnings

Corporate earnings will be the key catalysts for the FTSE 100 index next week. Diageo, the giant alcohol manufacturer and parent company of popular brands like Guinness, Johnie Walker, Baileys, and Smirnoff, will be the first big FTSE 100 company to release its financial results. 

These numbers will come at a time when the Diageo share price has been under pressure. It was trading at 2,400p, down by 37% from its highest level during the pandemic. This weak performance is in line with most alcohol stocks like AB InBev and Molson Coors.

Healthcare giants in the FTSE 100 index will also be in the spotlight next week. GSK and AstraZeneca will publish their numbers on Wednesday and Thursday. GSK share price remains in a deep bear market after falling by 21% from its highest level in 2024, while AstraZeneca has dropped by 15%. Therefore, these results will likely provide a catalyst for the two firms. 

Vodafone, the giant telecom company, will release its results on Tuesday. Like other top FTSE 100 companies, the Vodafone share price has remained under pressure in the past few months as investors watch the ongoing turnaround strategy. Its stock was reading at 68p, down by 10% from its 2024 highs.

Entain, the parent company of Ladbrokes, EuroBet, Coral, and BetMGM will also release its results at a time when there are concerns about the industry.

FTSE 100 index analysis

The weekly chart shows that the FTSE 100 index made a strong bullish breakout and hit a record high this week. It moved above the important resistance level at £8,476, the previous all-time high and the upper side of the ascending triangle pattern. The FTSE 100 index has remained above the 50-week moving average. 

Therefore, the FTSE 100 index will likely continue rising as bulls target the key psychological point at £9,000.

The post FTSE 100 forecast: BoE decision, Diageo, Vodafone, GSK earnings appeared first on Invezz

The US Commerce Department is investigating DeepSeek, a Chinese artificial intelligence company, over allegations that it may have used advanced AI chips that are prohibited from being exported to China, as per a Reuters report.

DeepSeek recently launched an AI assistant that quickly gained traction, becoming the most downloaded app in Apple’s App Store within days.

The tool, which promises high efficiency with minimal data consumption, triggered concerns about China’s ability to develop cutting-edge AI despite US trade restrictions.

The launch and the subsequent hype triggered a massive selloff in US tech stocks, wiping out nearly $1 trillion in market value.

The investigation focuses on whether DeepSeek gained access to Nvidia’s high-performance AI chips, which have been restricted from sale to China under US export controls.

While DeepSeek has stated that it used Nvidia’s H800 chips—legally acquired in 2023—the US is probing whether it also accessed more powerful AI chips through indirect channels.

Despite this, DeepSeek’s model has outperformed Meta’s Llama 3.1, OpenAI’s GPT-4, and Anthropic’s Claude Sonnet 3.5 in independent benchmarks.

Furthermore, DeepSeek’s r1 reasoning model has surpassed OpenAI’s o1 in key areas like problem-solving, mathematics, and coding.

This has led many to doubt the startup’s claim of only using H800 and H20 chips.

Reports indicate that AI chip smuggling operations linked to China have been traced to Malaysia, Singapore, and the UAE, highlighting the challenges in enforcing trade controls.

AI chip restrictions on China’s AI sector

The US has been tightening its export controls to prevent China from accessing high-end semiconductors used for AI development.

These restrictions specifically target Nvidia’s most powerful AI chips, such as the H100, which is crucial for training large-scale AI models.

The Biden administration had already placed limitations on the sale of such chips to China, and the Trump administration’s trade officials are now considering additional measures.

DeepSeek’s access to Nvidia’s H800 and H20 chips is central to the investigation. While the H20 model is still legally permitted for export to China, US officials fear that more advanced chips may have reached Chinese AI firms through third-party markets.

The case has raised alarms over whether AI chip restrictions are being effectively enforced, as companies with business entities in Singapore or other jurisdictions could be circumventing US regulations.

Other accusations on DeepSeek

Apart from allegations of unauthorised use of Nvidia chips, DeepSeek has also been accused of stealing OpenAI’s code.

OpenAI has found indications that Chinese AI start-up DeepSeek may have used its proprietary models to train an open-source competitor, as per an FT report.

The ChatGPT maker told FT that it has evidence suggesting “distillation,” a technique that enables smaller models to replicate the performance of larger ones by learning from their outputs.

While distillation is a common industry practice, OpenAI is concerned that DeepSeek may have used it to develop a competing model, which would violate its terms of service.

Earlier, David Sacks, President Donald Trump’s AI and crypto adviser, suggested the possibility of IP theft. Speaking to Fox News, Sacks stated, “There’s a technique in AI called distillation… when one model learns from another model and kind of sucks the knowledge out of the parent model.”

He claimed there was “substantial evidence” that DeepSeek had done this with OpenAI’s models, though he did not provide specific proof.

The post US investigates DeepSeek over possible use of banned AI chips: report appeared first on Invezz