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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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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