The company reported a 20% decline in its year-on-year net sales. It pinned the lacklustre performance on a decrease in demand for 5G gadgets, especially among US customers. Ericsson, an industry competitor, reported the same sales problem and listed it as one of the reasons for its recent job cuts. The report indicated that planned…
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The Australian and New Zealand dollars each fell 0.6%, with the latter sinking to its lowest level in a year of $0.5815; however, this dip is not unexpected as these currencies are prone to global pendulum swings. Sterling, also subject to peaks and troughs, was down 0.2% at $1.2118, while the euro remained steady at…
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During this meeting, the SEC will evaluate whether the lower transaction prices and rebates going to larger firms with higher trading volumes create an unfair competitive advantage. Reuters reported that before the start of the meeting, SEC officials indicated that the complexity of pricing levels between different exchanges can result in significant cost differences. They…
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In the operator’s shift away from traditional telecommunications, the new platform hosts services and products for all UK customers. They can access these offerings via the EE App, the new EE ID, or the web. These will include gaming consoles, subscriptions and upgrades, tablets, and phones. Don’t miss out the latest news, subscribe to LeapRate’s…
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Alongside this new launch, the company announced major changes within its leading roles. Wentworth Securities Director Malcolm Nutt, Head of Wealth Management Thomas Schoemaker, and Head of Institutional Sales Phil Cawood have joined with the company's finance team who recently founded RE Capital. Not only does this shift signify internal movements, it also aims to…
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The sudden increase came in response to an incorrect report, which rumoured that BlackRock Inc. got the go-ahead to launch a spot cryptocurrency ETF. This catapulted Bitcoin to a value of $30,002 on Monday, the highest it has been since August. Things simmered down after BlackRock said the relevant application is still under review with…
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Headquartered in Sweden, this electric vehicle outfit also operates in the UK. The move puts 850 jobs on the chopping board, 600 of which are UK-based. However, the dash toward net zero emissions could possibly attract viable interest. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Volta said the liquidation of Proterra and…
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On Monday's trading session, however, the silver market experienced a small fallback as the 50-day EMA helped the market gravitate towards the $22.50 level. The market will be under constant observation to determine if it can hold a support level. On the Multi Commodity Exchange (MCX), India, gold prices continue to fall; analysts suspect the…
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Market specialists attributed the phenomenon to the effect of higher interest rates. According to Rightmove data, house prices fell by 0.8% and agreed house sales declined by 17% during the 12 months leading up to October. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In an attempt to bring inflation under control, the…
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Experts believe that the focus of the outfit’s new chief executive officer (CEO), Wael Sawan, on key oil and gas dealings also enticed investor interest. During Monday's trading, Shell’s shares climbed to 2,763 pence in London at a stage. This share price recovery comes after multiple strategic turning points. During the pandemic, oil and gas…
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