Lower demand and climbing inflation rates had caused the California-based company to declare bankruptcy earlier this month. SunPower was a leading name in the American solar market, but it began to unravel following a US Securities and Exchange Commission subpoena and the departure of its CEO. Don’t miss out the latest news, subscribe to LeapRate’s…
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Based on CoinDesk information, the judgement, which was passed on 23 August 2024, gives the ministry seven days to comply. Mudrex appealed to the court when 15 people contacted the company about being scammed. Edu Patel, the CEO and co-founder of the cryptocurrency exchange, said: We estimate the actual number of retail investors scammed could…
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Marked as a notable recovery from its decline in 2022, when the British pound was $1.03 against the US dollar, it traded around $1.32 during the week of 26 August 2024. Analysts reportedly expect the Bank of England (BoE) to keep interest rates unchanged. Reuters cited Nick Rees, a senior market analyst at Monex Europe,…
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OpenAI was valued at $29bn last year, but that rose to $80bn early in 2024. The rise in its value coincided with annual revenue exceeding $2bn for the first time, a landmark which came earlier this year. Before that, the launch of the ChatGPT chatbot at the end of 2022 helped put the company into…
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The company announced on Wednesday 28 August 2024 that its January through June revenue came in at approximately $4.65bn, or 31bn DKK. In an interview, the Danish toymaker’s chief executive, Niels Christiansen, told CNBC that the company is experiencing growth across its portfolio. He highlighted the contributions of LEGO Icons, LEGO Creator and the Fortnite…
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This integrated tech outfit specialises in fintech software and high-performance hardware and computing equipment. Based on the company’s press statement, Ma’s appointment is effective immediately. The group said that this is a strategic appointment that emphasises its drive to expand and optimise emerging opportunities in cryptocurrency and blockchains in North America. It stated that Ma’s…
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With billionaire Edgar Bronfman Jr. taking a step back from the battle to gain control of Paramount, it's looking more likely that Skydance Media will, after a long period of speculation, be the winner of the race to buy the company. For now, PARA is operated by National Amusements (NAI), the holding company run by…
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Based on CNBC data, the September 2024 delivery of copper clocked more than $4 per pound to record its highest level since 22 July 2024. Concurrently, the tri-monthly copper price on the London Metal Exchange also increased and traded at more than $9 per metric ton. Even though this base metal experienced a four-month low…
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The Associated Press (AP) reported that Zuckerberg directed a letter to Jim Jordan, the Republican Chair of the House Judiciary Committee, in which he stated that the Biden-Harris administration “repeatedly pressured” Facebook – one of Meta’s social media platforms – “for months to take down” certain pandemic posts, including humorous and satirical ones. Meta’s CEO…
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The sending of data outside the European Union (EU) goes against the region's rules and the ride-hailing company has now stopped doing so. Upon hearing the decision to fine the company, Uber spokesperson Caspar Nixon said that the DPA's decision was flawed and that the size of the fine was unjustified. Nixon went on to…
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