Palantir Technologies heads group developing £330m NHS data platform LeapRate

November 22, 2023 BY Elizabeth Anderson

Palantir Technologies heads group developing £330m NHS data platform

Palantir is known for its intelligence-driven software systems. This NHS project aims to boost the networking capabilities between health and care organisations to the benefit of their patients. Earlier, many raised an eyebrow when the NHS appointed Palantir to handle the transitions needed to start the data platform without inviting competitors to quote. This particular…

November 21, 2023 BY Elizabeth Anderson

UK borrowing reaches record levels, topped only by stats from 1993 & 2020

The ONS’s figures also compared the same period from 2022, where net borrowing registered lower than this October’s figures. Not only this, but it also sits as the second highest borrowing figure since October 1993, second only to October 2020 when borrowing catapulted due to a pandemic deficit of £20bn. Industry experts have urged government…

November 20, 2023 BY Elizabeth Anderson

Swiss National Bank getting backlash from NGOs over fracking investments

Fracking uses high-pressure liquids to extract subterranean fossil fuels. According to a recently published Yale paper, this process generates copious amounts of wastewater, emits greenhouse gases, and causes air and noise pollution. Consequently, it disturbs natural habitats and migratory patterns, while causing land degradation. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter…

November 17, 2023 BY Elizabeth Anderson

ASIC and AFSA commit to updated memorandum of understanding

The last update occurred in 2014. Essentially, the document states that the two agencies will continue to cooperate in pursuit of their goal to holistically serve the Australian government and protect and promote confidence in the country’s financial system. Setting out a framework for continued cooperation, the refreshed MoU strives to facilitate liaison, assistance, and…

November 13, 2023 BY Elizabeth Anderson

AustralianSuper rejects last-minute offer to accept planned Origin Energy takeover

In a 2 November media release, AustralianSuper reaffirmed its 31 October stance and said: AustralianSuper intends to vote its shares in Origin Energy (Origin) against the best and final offer from the Brookfield and EIG-backed consortium announced today. The mentioned consortium approached AustralianSuper, asking it to drop its opposition to the $10.5bn takeover bid for…

November 10, 2023 BY Elizabeth Anderson

Cauldron Energy begins drilling program in Melrose, Australia

The new drilling operation aims to investigate historical geochemical nickel anomalies that have been identified in recent electromagnetic surveys. Notably, Parle Investments Pty Ltd, a seasoned investor in the uranium sector, has emerged as a substantial shareholder, endorsing Cauldron's unwavering commitment to uranium exploration. Cauldron has received a further $1.47m endorsement from outside investors. Don’t…

November 10, 2023 BY Elizabeth Anderson

Possible reopening of EU tax case a €13bn headache for Apple

These probes allegedly found that Apple benefited from two Irish tax rulings. In terms of these, the tech giant only faced a 0.005% tax in 2014. The company legally challenged these allegations and, in 2020, the EU General Court ruled in favour of Apple, stating that the regulators involved missed the mark and could not…

November 09, 2023 BY Elizabeth Anderson

Grayscale fights SEC for looser restrictions on trust products

Grayscale’s GBTC operates as a spot bitcoin exchange-traded product (ETP), more commonly known as an ETF. The SEC's involvement in negotiations with Grayscale signifies a critical step in the potential approval of several ETFs for the crypto industry. If the approval goes ahead, the entry of everyday investors into the digital asset space could be…

November 09, 2023 BY Elizabeth Anderson

Siemens Energy expects substantial revenues from hydrogen electrolyser initiative

According to Siemens Energy, electrolysers separate hydrogen from water and this hydrogen can be used as an alternative to fossil fuels. With this newly established factory, the company aims to mass produce electrolysers to boost a climate-neutral agenda. On the company’s website, the CEO of Siemens Energy, Chris Bruch, noted: There is no energy transition…

November 07, 2023 BY Elizabeth Anderson

WeWork enters Chapter 11 bankruptcy protection plea

The company indicated WeWork locations outside the United States and Canada will not be affected by this process. This startup, which was backed by the SoftBank Group (9984.T), experienced an ephemeral rise and fall as more and more leases curdled on the back of its initial success. Don’t miss out the latest news, subscribe to…

Category: Financial Services