Media reports indicated that the Canadian stock market achieved a record high in July 2024 and has increased by 8% so far this year. Despite this uptrend, it could not keep pace with the S&P 500, which has gained almost 15% since the start of 2024. Don’t miss out the latest news, subscribe to LeapRate’s…
Read moreIC Markets (EU) Ltd strongly opposes the Cyprus Securities and Exchange Commission's (CySEC) decision to impose a €200,000 fine for alleged regulatory violations. Announced on July 19, 2024, IC Markets (EU) Ltd contends that this decision is based on a fundamental misunderstanding of the facts and regulatory framework. The decision relies heavily on the testimony…
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Detailed in the authority’s 10th edition of its Internet Organised Crime Threat Assessment (IOCTA), the findings show how millions of people across the EU fell victim to attacks and exploits. According to Europol, this audit is an “in-depth assessment of the key developments, changes and emerging threats in cybercrime” during 2023. It also provides a…
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A day after HSBC partnered with Visa for a cross-border payment solution, the British financial services group is now working with Interactive Brokers. HSBC will use IBKR’s WorldTrader platform to allow its clients access to a single, feature-rich hub for trading. The new solution will provide customers with trading functionality worldwide. Interactive Brokers executive Steven…
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It is an entirely new AI-powered tool that will run across the Apple systems to provide a personal approach for each user. Apple will also be integrating ChatGPT into its iPhones and other devices, but it’s not yet clear how this will work or when it will be rolled out. Apple Intelligence will help users…
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Eurostat, the EU’s statistical arm, reported a 0.3% quarter-over-quarter increase in both the euro area and the EU. During Q4 2023, GDP reflected a 0.1% decrease. Analysts attributed this positive uptick to expedited growth in the four chief economies in the Eurozone. Year on year, consumer prices increased by 2.4% in April 2024, mirroring the…
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Initial reports suggest that it could be valued at $8bn, but the company hasn’t officially commented on the matter, and negotiations are said to be at a very early stage. The IPO for Coca-Cola Beverages Africa (CCBA) could take place as early as 2025. Coca-Cola noted in its earnings report for Q3 2023 that it…
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Compared with the company’s recent expansion, this move seems like a sudden and contradictory shift. Getir’s business spiked during the pandemic years and caught the attention of prominent investors. According to Reuters, the company was valued at roughly $12bn approximately two years ago. Following its success, Getir expanded its footprint in Western Europe and New…
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Economists attributed this positive performance to the biotechnological company’s cost-cutting drive and an uptake in sales of its newly-launched Alzheimer’s drug, LEQEMBI. Analysts predicted that the sales of this treatment would be between $13mn and $30mn. Biogen’s Q1 sales of LEQEMBI, as noted by its Japanese partner, Eisai Co., Ltd. (4523.T), were $19mn. Don’t miss…
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This comes after earlier price cuts in the US in the wake of tougher competition, especially since BYD, the Chinese EV maker, overtook Tesla as the foremost EV company globally. Earlier this month, the company’s Q1 financials reflected a drop in global vehicle deliveries – the first in approximately four years. Elon Musk, Tesla’s co-founder…
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