At one stage, copper reportedly traded at $5.02 per pound. This commodity’s price has increased by 25% this year. Based on CNBC, copper underpins economic well-being and digitisation as it plays a pivotal role in energy transformation. Sectors involving the production of electric vehicles (EVs), power plants, and renewable energy solutions all depend on copper.…
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This action refers to the company’s assembly plant in Fremont, California, being sued by the Environmental Democracy Project for releasing chemicals including arsenic, nitrogen oxides and cadmium. The Bay Area Air Quality Management District has already complained about what they called Tesla’s “unabated emissions” in the area. The lawsuit was filed in a San Francisco…
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The company attributed this drop to a decrease in its financial services segment and PlayStation 5 sales that missed the target. Despite this slide, Sony reported FY 2023 revenue of 13tn JPY, a 19% year-on-year increase. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Sales for the PlayStation 5 gaming console did not…
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This investment will go into Greencoat Renewable Income LP (GRI), the company’s UK private funds market. GRI is a secure income fund and is open to investors until the end of 2024. Based on the Schroders press release, this fund only invests in UK renewable wind, solar and bioenergy infrastructure, and technologies such as heat…
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This international holding company provides post-trade financial services, including settlement and custody of local and international securities for bonds, equities and derivatives, and investment funds. It operates through Euroclear Bank, International CSD and Euroclear UK & International, among others. Elms previously served as this division’s interim CEO and brings 28 years of experience to the…
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Elon Musk’s company Neuralink grabbed headlines in 2024 when it implanted the first-ever brain-computer interface (BCI) in a human, though the firm indicated on Thursday, 9 May 2024 that it had experienced some problems with its implant. The market for neurotechnological devices had a reported value of approximately $15bn in 2023. Precedence Research estimates that…
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It is the company’s second attempt at trying to sell this chunk of the business, and it is believed to be working with consultants to identify potential purchasers. The cost of buying Boots is around £7bn, although WBA has yet to comment on the speculation about selling. It is believed that this sale would allow…
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Lilium will reportedly invest €400m in a new factory and consequently generate around 850 jobs. KL1 has earmarked Blanquefort, which is close to Bordeaux, for its €300m site. According to Reuters, the KL1 investment will create 200 new jobs. The location of the new Lilium plant, which will manufacture electric jet aircraft, has not yet…
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This appointment comes after Binance’s founder and CEO, Changpeng Zhao, admitted to violating US money laundering and trade sanctions in November 2023. Zhao also stepped down as Binance CEO during this time and was sentenced to four months in prison in April 2024. Sources said that Forensic Risk Alliance was selected over other companies, including…
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Early speculation points to a $5 meal deal designed to fight back after the chain saw its sales fall due to the current challenging economic conditions for many American families. The promotion could offer fries and a drink with a McDouble or a McChicken, although this hasn’t yet been confirmed. This move comes following…
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