Category: Forex

May 17, 2024 BY Elizabeth Anderson

Meta To Face Child Safety Probe By The European Commission

Aspects under investigation are how Meta’s algorithms possibly promote “behavioural addictions” and create “so-called rabbit-hole effects”. A study available on ResearchGate depicted the rabbit-hole effect as the “use of algorithms” that amplify personalised content to keep users engaged. The European Commission also expressed concerns about Meta’s age verification processes. Don’t miss out the latest news,…

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May 16, 2024 BY Elizabeth Anderson

Tickmill Launches Interest Rate Offering

Tickmill clients can now receive up to 3.5% annual interest on their USD, EUR, and GBP wallets, subject to specific eligibility criteria. This initiative, designed to meet the evolving needs of today's investors, combines attractive interest rates, daily interest accrual, and prompt monthly payments. It can serve as an alternative to traditional fund management avenues,…

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May 16, 2024 BY Robert Bell

Netflix Ramps Up Its Ad-Supported Tier

These encouraging numbers were confirmed at the streaming giant’s second Upfront presentation for advertisers on Wednesday. While the ad plan isn’t offered in every region, it now makes up more than 40% of all new sign-ups in the markets where it’s available. Netflix content chief Bela Bajaria stated that “our audiences are highly engaged –…

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May 16, 2024 BY Elizabeth Anderson

High Demand For Copper Sends Price Soaring

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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May 15, 2024 BY Robert Bell

Tesla to Be Sued for Air Pollution

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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May 15, 2024 BY Elizabeth Anderson

Sony’s Annual Operating Profits Drop 7%

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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May 15, 2024 BY Elizabeth Anderson

Schroders Greencoat Secures £170m EAPF Commitment

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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financial buildings
May 14, 2024 BY Elizabeth Anderson

Chris Elms Appointed As CEO For Euroclear UK & International

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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AI-neurotechnology
May 14, 2024 BY Elizabeth Anderson

Big Tech Turning AI Spotlight On Neurotechnology

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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Boots store
May 14, 2024 BY Robert Bell

WBA Looking for a Buyer to Take Boots off its Hands

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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