Afternoon Coffee: TruFin Raises $97 Million in IPO, U.S. Weighs Tariffs on Metals Imports

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Alternative lending conglomerate TruFin has raised more than $97 million through an initial public offering (IPO) on the London Stock Exchange, according to BQ Live. TruFin is a holding company for several firms operating in the supply chain finance space, including Distribution Finance Capital, Satago and Oxygen Finance. It also hold a minority stake in peer-to-peer lender Zopa.

Metals Tariffs

Aluminum and steel may be the next targets in the Trump administration’s trade dispute with China. As the Wall Street Journal reports, the Commerce Department is considering “sweeping new limits” on imports of steel and aluminum, including new quotas and tariffs.

AI with the Boss

As if one needed further evidence that artificial intelligence is becoming a top priority at many firms, the New York Times has another compelling illustration: floor plans. Seating charts at many tech-centric companies are placing staff focused on AI research as close to CEOs as possible — often immediately next to their offices.

ECB Leadership

And finally, a Europe update: Irish central bank governor Philip Lane is being eyed as a strong candidate for the post of European Central Bank vice president, Reuters reports, as finance ministers set about the task of choosing between several options.

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