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January 24, 2024 BY Simon Mugo

Swiss FINMA Appoints Ex-ECB Director Stefan Walter As Its New CEO

A German national, 59-year-old Walter's extensive background in the financial sector is marked by significant roles at global financial institutions. His stint at the ECB, which began in 2014, saw him supervising major banks within the eurozone. In 2020, he transitioned to a role that entailed overseeing risk supervision, focusing on diverse risk categories, including…

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Nexo crypto card
January 24, 2024 BY Simon Mugo

Nexo, a Crypto Lender, Has Sued Bulgaria Seeking $3Bn in Damages

The claim was filed with the International Centre for Settlement of Investment Disputes (ICSID), a part of the World Bank based in Washington, D.C. ICSID, known for arbitrating disputes between global investors and states, registered the case on January 18, as indicated on its website. The Bulgarian finance ministry acknowledged receiving an arbitration request from…

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January 24, 2024 BY Elizabeth Anderson

Netflix’s surge in subscribers boosted 2023 Q4 revenue to $8.83bn

In 2022, the company forecasted a 9 million subscriber gain, which would bring approximately 30 million net additions for the full year. NFLX’s revenue reports surpassed Wall Street’s prediction of $8.71bn, instead showing a quarterly revenue of $8.83bn, a 12.5% increase compared to the same period in 2022.  The streaming giant sent waves through the…

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January 24, 2024 BY Elizabeth Anderson

French privacy watchdog fines Amazon €32m for excessive monitoring of warehouse staff

Reportedly, managers at Amazon France Logistique keep such close tabs on employees that it infringes several rules in the European Union’s (EU) General Data Protection Regulation. CNIL’s investigation tagged using barcode scanners at various checkpoints along the chain as intrusive. Amazon strongly contested any irregularity in the use of these devices and said: We strongly…

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January 23, 2024 BY Simon Mugo

ATFX Rebrands Rakuten Securities Australia to AT Global Markets

ATFX to Relocate to a Larger Office in Sydney, Reflecting Company Growth ATFX is preparing to relocate to a more spacious office in Sydney in the upcoming second quarter as a testament to its ongoing expansion. This move symbolises the company's continuous growth and its dedication to delivering superior trading services to its clientele. Joe…

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January 23, 2024 BY Simon Mugo

MetaTrader 5 Launches an Integrated Payments System for Clients

The central strategy of MetaTrader 5 is to smoothly guide users from their first engagement, such as clicking a promotional banner, to executing their first trade. This is achieved by integrating functionalities that confirm contact details and allow the creation of both demo and preliminary real accounts within the platform. Now, users can verify their…

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January 23, 2024 BY Elizabeth Anderson

Weekly data: Oil and Gold

The most important economic data for this week are:  Tuesday:   BoJ Interest rate decision at 03:00 AM GMT. The market consensus is that the rates will remain static at -0.1%, while in the unlikely scenario any shift away from this figure will most certainly create volatility in the yen pairs.  Japanese Balance of trade at…

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