During the first three quarters of 2023, these medicines helped the pharmaceutics research and development outfit top the GDP of its homeland, Denmark. This performance also catapulted Novo Nordisk to the top spot among European companies. Wegovy, the weight loss drug, raked in sales of $4.5bn, increasing the overall sales of this segment by 154%.…
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Alphabet stocks took a 7.35% knock after publishing its leaner-than-expected festive advertising sales figures on Tuesday, 30 January. The tech giant also indicated that more money will go into boosting its AI leverage by investing in upscaled servers, for example. Alphabet CEO Sundar Pichai tried to bolster investor confidence by saying: We are pleased with…
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A flurry of important updates began with the closure of a £3.5m deal for Synaptic Software. The acquisition was announced in early December and has been pending FCA approval. Now the green light has been given. The deal is quite a coup for Fintel as Synaptic already serves thousands of financial advisers with its compliance…
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Following the temporary ban on processing imposed on OpenAI by the Italian DPA on 30 March 2023, and based on the outcome of its fact-finding activity, the Italian DPA concluded that the available evidence pointed to the existence of breaches of the provisions contained in the EU GDPR. The machine-learning startup grabbed the November 2023 headlines when…
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The US government claimed 51,680 bitcoin in the now-known Silk Road dark net operation on 21 November 2021. This recovery totalled a value of $3.4bn at that time. The latest Arkham data shows the US government possesses an estimated $9.26bn in bitcoin. In an April 2023 announcement, the US Attorney’s Office Southern District of New…
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LiqudityBook CEO Kevin Samuel said he was thrilled to bring Morris on board. The new President has a wealth of experience from previous executive leadership roles and skills across various disciplines, including sales, finance, marketing, and HR. Morris also served as President at Enfusion before becoming a Global Head of Corporate Development role. In a…
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The state engineered the Credit Suisse acquisition to prevent it from going under. With this takeover, UBS ended up with a balance sheet that exceeds $1.6tn, which is nearly double that of the Swiss economy. Since March 2023, when the intended takeover was announced, this financial giant’s shares jumped 50%. In an email statement sent…
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The IPO will offer shares or GDRs representing shares held by BAE Systems Limited (BAE) and Sovereign Wealth Fund Samruk-Kazyna (SK). The company will list these on the London Stock Exchange (LSE), Astana International Exchange (AIX), and Kazakhstan Stock Exchange (KASE). Analysts believe this float is a much-needed boost for the LSE’s torpid IPO performance.…
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OneCoin was a digital currency scheme founded in 2014 that was eventually found to be a fraudulent Ponzi scheme. Scott was one of the most high-profile individuals involved in the scam. The co-founder of OneCoin, Karl Sebastien Greenwood, is already behind bars after he was handed down a 20-year sentence in September last year. Both…
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Holcim’s current CEO, Jan Jenisch, will be at the helm of this spin-off while focusing on his role as chairman. Jenisch will also stand for re-election at the company’s annual general meeting in May 2024. Gutovic has been part of the company’s group executive committee since 2018. He is presently in charge of Region Europe…
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