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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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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Recent labour statistics pegged unemployment at 3.9%. Bloomberg indicated that equities gained traction after a $25bn sale of 30-year bonds and the S&P 500 crested 5,200. Analysts believe that the advance in stocks can be attributed to commodity trading advisors being modelled to buy shares this week. Don’t miss out the latest news, subscribe to…
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According to CNBC, one investment company described the move as “very strange”. BBVA published a notice on its website, stating that its board of directors have offered Banco Sabadell shareholders one BBVA share for every 4.83 shares of Banco Sabadell, constituting a 30% premium on average share prices over the last three months. BBVA described…
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Q1 results for the language learning company saw revenue climb by 44.9% on a year-by-year basis to over $167m. This is roughly in line with its growth rate for the last three years, which has averaged 45.7%. Its net earnings per share was reported at $0.57, marking a significant increase from last year’s $0.06 loss.…
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Now, Howard Schultz, the former CEO of the multinational coffeehouse chain, has added his thoughts in the debate around what the company should do next. Schultz was replaced by Laxman Narasimhan in 2023. The current CEO plans to boost the company’s profits through new offerings such as energy drinks and boba tea, as well as…
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In the terms of this deal, all of Shell’s Energy and Chemicals Park Singapore assets will go to CAPGC. According to Bloomberg, this confirms the earlier rumours, but to date, no financial details about the agreement have been divulged. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Based on the opinion of those…
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Despite this upturn and the streaming part of the business reaching a profit for the first time, Disney expects the results in the current quarter to be weaker. Part of this stems from the losses incurred by Disney+ Hotstar in India. This news led to DIS shares dropping by up to 10% in Tuesday’s trading.…
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This digital functionality enables clients to use their local payment apps to make mobile payments in other countries. This allows them to avoid switching to other apps and adding financial details to unknown apps. CNBC quoted the senior vice president of Ant Group and president of Ant International, Douglas Feagin, who said: What we found…
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Analysts pointed out that increased spending for the national election in February 2024 and Ramadan, which started in March 2024, bolstered this positive movement. It may, however, be challenging to maintain this momentum in the face of the global economy and domestic monetary pressures. Reuters listed the persistently high US interest rates, the Middle Eastern…
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