Previously, Deutsche Bank had disclosed intentions to reduce its workforce but had not specified the scale of these layoffs, which now represent nearly 4% of its approximately 90,000 employees globally, impacting mainly back-office functions. The bank plans to allocate €1.6 billion ($1.7 billion) for share buybacks and dividends in the first half of the year,…
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Collaborating with technology partner TraderEvolution Global, Afterprime has established a seamless connection to TradingView. This integration enables Afterprime clients to leverage TradingView for charting, accessing market data, synchronising positions, and executing trades, all while operations are processed on Afterprime's servers. This new partnership offers Afterprime's clientele an enriched trading experience through TradingView without compromising the…
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Osborne, who served as Chancellor for six years until 2016, will join CoinBase’s advisory council. In a statement, the 52-year-old announced he was excited about the “huge amount” of innovation that is present in the financial industry. He will now use his experience in a range of sectors and disciplines – these include business and…
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During the first three quarters of 2023, these medicines helped the pharmaceutics research and development outfit top the GDP of its homeland, Denmark. This performance also catapulted Novo Nordisk to the top spot among European companies. Wegovy, the weight loss drug, raked in sales of $4.5bn, increasing the overall sales of this segment by 154%.…
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Alphabet stocks took a 7.35% knock after publishing its leaner-than-expected festive advertising sales figures on Tuesday, 30 January. The tech giant also indicated that more money will go into boosting its AI leverage by investing in upscaled servers, for example. Alphabet CEO Sundar Pichai tried to bolster investor confidence by saying: We are pleased with…
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The Court identified Westpac's approach in the pre-hedging phase of the interest rate swap as unconscionable. The verdict underscores the importance of maintaining ethical standards in financial dealings, particularly high-value transactions. Sarah Court, the Deputy Chairwoman of the Australian Securities and Investments Commission (ASIC), stressed the global necessity of proper conduct in pre-hedging activities. She…
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Knight Frank, a real estate agency, has been tasked by Risland UK, a subsidiary of Country Garden, to oversee the sale of the Calico Wharf development. This project, proposed to house 1,000 homes, is located in the Poplar area of London and is yet to commence construction. As China's leading private property developer, Country Garden…
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A flurry of important updates began with the closure of a £3.5m deal for Synaptic Software. The acquisition was announced in early December and has been pending FCA approval. Now the green light has been given. The deal is quite a coup for Fintel as Synaptic already serves thousands of financial advisers with its compliance…
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Following the temporary ban on processing imposed on OpenAI by the Italian DPA on 30 March 2023, and based on the outcome of its fact-finding activity, the Italian DPA concluded that the available evidence pointed to the existence of breaches of the provisions contained in the EU GDPR. The machine-learning startup grabbed the November 2023 headlines when…
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The US government claimed 51,680 bitcoin in the now-known Silk Road dark net operation on 21 November 2021. This recovery totalled a value of $3.4bn at that time. The latest Arkham data shows the US government possesses an estimated $9.26bn in bitcoin. In an April 2023 announcement, the US Attorney’s Office Southern District of New…
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