Data on the Chinese yuan notes that lifting Covid-19 restrictions earlier this year has not boosted business transactions as much previously predicted, with the yuan falling 0.1% this week. Its third-quarter gross domestic product data is due later this week, which may shed some light on China’s subdued economic growth and inflexible lending rates. Don’t…
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Net income for the third quarter pinged the register at $3.5bn. Experts believe a soar in trading revenue, investment banking fees, and interest payments attributed to this positive performance. Jane Fraser, the group’s chief executive officer (CEO), said: Despite the headwinds, our five core, interconnected businesses each posted revenue growth resulting in overall growth of…
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This action follows incidents going back to 2017, when, according to the FCA, the company’s parent, Equifax Inc. (EFX), was subject to one of the largest cybersecurity breaches in history. The findings showed that hackers accessed the personal data of approximately 13.8 million people in the UK during this breach. Don’t miss out the latest…
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A growing demand for power infrastructure upgrades underpins this contract. As it stands, the deal can potentially generate $80m in UGL revenue. The agreement also includes options for extension. The CIMIC group is a diverse engineering-based enterprise focusing on construction, mining, relevant services, and public-private partnerships. UGL is the service specialist branch of this business. Don’t…
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In August, regulators in Finland and Norway announced their intentions to ban Yango from transferring data. This decision was however revoked and seems to be a knee-jerk response to controversial legislation that came into effect on 1 September. This law grants Russia access to data processed through taxi services. The Dutch authorities reacted similarly and…
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Coinbase’s volume has been on a steady decline since Q4 2021, a boom year for the industry. It closed that year with more than $400bn in volume. The broader cryptocurrency market has contracted during the last 18 months, making it more difficult for exchanges to drive growth. However, Coinbase did gain market share in Q3 as…
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This innovation, which uses blockchain technology to enable players to own and trade gaming assets, has already taken hold. Those in the know estimate about 100 million people worldwide will participate in web3 gaming in the next two years. The web3 gaming partnership will allow Immutable to gain access to expert resources and secure prospective…
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However, Bitstamp is not planning for it to be a permanent goodbye. In a statement published on Wednesday, the Luxembourg-based exchange said it wants to return to Canada in the future. CEO and Global CCO Bobby Zagotta claimed the decision to leave was primarily a timing issue and driven by the fact it can’t currently…
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The company indicated the trial would come to an end, approximately a year before scheduled completion, following a recommendation from an independent data monitoring committee. Ozempic, a treatment commonly used for Type 2 Diabetes, contains semaglutide. The trial aimed to discover if it could stem the progress of kidney disease and help with associated complications. …
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The global fintech company, headquartered in London, already has a prestigious client base featuring many of the world’s top global banks. CEO, David Mercer said bringing Cürex on board wasn’t a difficult decision due to the symmetry of the two party’s ambitions. He noted: Cürex and LMAX Group share a common ethos of delivering transparent…
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