This was confirmed with the news that the company, which runs the world’s biggest crypto exchange, has received a licence to operate as a full virtual-asset services provider (VASP). The licence has been issued by Dubai’s Virtual Assets Regulatory Authority (VARA). The regulatory process goes through four stages in Dubai, with Binance entering the third…
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The Norwegian sovereign wealth fund, one of the largest global investors, announced that its market value had increased to $1.6tn on Thursday, 18 April 2024. The fund further reported that most of its investments (72.1%) consisted of equities, 26% of fixed income, 1.8% of unlisted real estate, and 0.1% of renewable energy infrastructure. It reportedly…
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The British oil giant said that it is streamlining its organisational framework to increase its value. Apart from Lin, who replaces Anja-Isabel Dotzenrath, the company also announced the appointment of Emeka Emembolu, who will be in charge of technology functions to replace Leigh-Ann Russell. CNBC reported that BP’s CEO, Murray Auchincloss, said: As I set…
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The company markets this drug as Zepbound® in the US and as Mounjaro® in some international markets. These outcomes add to the merits of medicines such as Zepbound and Novo Nordisk’s (NVO) Ozempic in the treatment of obesity and diabetes. Despite supply, cost, and health insurance issues, these drugs remain in high demand worldwide. Lilly…
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According to data published by the Office for National Statistics on Wednesday, 17 April 2024, consumer prices increased by 3.2%, which is slightly less than the recorded 3.4% in February 2024. These records further indicated that core inflation, which does not include food, energy, or tobacco, dropped from 4.5% to 4.2%. A Reuters poll predicted…
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The first point covered by board chair Robyn Denholm was that they want to move the corporate home of the electric vehicle maker to Texas, where the physical headquarters are based. The other point raised by Denholm is that they want to reinstate the giant $56bn pay package awarded to CEO Elon Musk in 2018…
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The share price dropped by more than 2%, while the overall S&P 500 declined by just 0.2% on the same day. JNJ reported sales of $21.38bn in the first quarter of 2024, which represents a 2% increase on a year-on-year basis. The firm’s net income rose by close to 4%, giving a total of $6.58bn,…
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According to an Austrian Broadcasting Corporation (ORF) radio report, Benko allegedly deceived a local bank about the financial standing of Signa in renewing a €25m loan. Reuters reported that the property tycoon’s lawyer, Norbert Wess, confirmed this investigation and said that Benko was notified “some time ago”, but maintains that the accusations are “unfounded”. The…
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This move risks the continued support of the International Monetary Fund (IMF) and hampers the resolution of the country's ongoing debt issues. In the wake of this news, Sri Lanka's bonds dropped by 2.5 cents. According to Reuters, Udeeshan Jonas, a chief strategist at CAL Group, said: "Completing the IMF review by June becomes difficult…
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The move allows traders and investors at FP Markets to capitalise on new opportunities in the commodities sector and increase the options available for portfolio diversification. Complementing its existing range of Commodity CFDs, clients trading with FP Markets can now trade and invest in Brent Oil, Cotton and Sugar Futures CFDs: Symbol: BRENT Description: Brent…
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