Many fear that this will negatively impact forex (FX) trades. Bloomberg reported that these currency transactions need about two days to go through and would now have to speed up, which may cause currency bottlenecks at the day’s end and botch some trades. CLS Group Holdings AG, a world leader in FX settlements, indicated that…
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Saras’s Sardinia industrial facility is the largest single-site refinery in the Mediterranean. It produces approximately 300,000 barrels per day to feed supply chains in Italy and Europe. The site’s fully integrated power generation plant supplies more than 40% of Sardinia’s electricity. Bloomberg indicated that Vitol increased its bottom lines as the COVID-19 pandemic and Ukraine…
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Presently, the EU’s ETS makes up 87% of the global carbon market with a value of approximately €770bn. Reflecting 2022 volumes, roughly 12.5 billion metric tons of carbon permits were traded in 2023. Highs in the European and North American markets, however, reportedly gave 2023 that 2% push. Don’t miss out the latest news, subscribe…
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For some time now, Altman has highlighted the AI-chip supply gap in the face of overwhelming global demand. He claims that the lack of these semiconductors fetters OpenAI’s growth and a scheme should be launched to escalate global manufacturing and supply volumes. Altman took to X and posted: we believe the world needs more ai…
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Since 2017, production in Germany has traced a downward line, which is steadily gaining negative momentum. It seems that the country is losing its competitive edge as the US shifts its procurement focus and China rises in the manufacturing sector. Some experts believe that inexpensive natural gas from Russia may be the final nail in…
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Based on his LinkedIn profile, Yimwilai headed this company, which is the Thai division of the Singapore-headquartered outfit, from August 2018 to November 2023. The SEC also indicated that its investigation picked up inconsistencies in filed company reports. Zipmex received Ministry of Finance and SEC approval to operate in Thailand in 2020. On 2 February…
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Based on Yahoo Finance data, Tesla lost approximately $200bn in market value over the past six months, and this move may be one of the measures aiming to revive it. Even though the US Labour Department recorded a general upsurge in hiring new employees, tech job cuts are front and centre as companies increasingly onboard…
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Reportedly, Haru Invest emphasised high-yield promises while it froze certain platform functions in June 2023. Around this time, the outfit also cut 100 jobs. The company cited issues with its partners as the reason why customers could not make deposits or withdrawals. Yonhap News described the company as a “rug pull” front for fraud, which…
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Based on the China Association of Automobile Manufacturers (CAAM) statistics, the overall sales, which include exports, came to 2.44 million units. Although this is an annual 47.9% jump, it is a 22.7% dip compared to December 2023. The CAAM data tracks sales to third-party dealers and vehicles such as trucks. Reuters indicated that, according to…
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The company pointed out the gaps between virtual authentication and access processes. According to its 2023 data, 26% of all Cisco Talos Incident Response incidents comprised fraudulent logins to gain access to authentic accounts. Due to the connection between accounts used on different platforms, Cisco said that cybercriminals only need to compromise one digital identity…
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