In an exclusive CNBC interview, the company’s CEO, Jack Zhang, stated that the next annual recurring revenue (ARR) target is $1bn, in preparation for going public in 2026. The Singapore-based firm is backed by China’s Tencent Holdings (0700.HK), an investor in digital marketing and fintechs, among others. Don’t miss out the latest news, subscribe to…
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The cash offer will be the biggest acquisition ever made by Mars, eclipsing the $23bn it paid to take over Wrigley in 2008. The privately owned chocolate maker announced the purchase on Wednesday. The deal could attract attention from competition watchdogs as it will see brands like Pringles, Milky Way, and Twix brought together in…
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The Consumer Price Index (CPI) increased for the first time since December 2023 when the central bank hiked interest rates to a 16-year high to temper inflation. In October 2022, UK inflation crested at 11.1% on the back of the pandemic. In the 12 months leading up to July 2024, the CPI rose by 3.3%,…
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Hu Wangming, the chairman of China Baowu Steel Group, stated that the sector is experiencing a “harsh winter”. He said that this prolonged slump will be “difficult to endure” and will pose a tougher challenge than the 2008 and 2015 crises. Based on a Bloomberg report, global investors are keeping a close eye on China’s…
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API owns the Avon beauty brand in Europe and Latin America and is a subsidiary of the Brazilian company Natura. The North American operations are run by the South Korean company LG Household & Health Care, which isn’t involved in the current bankruptcy proceedings. API is said to have over $1bn in debt and has…
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This is Zero Markets’ first partnership in the European football arena, and it is also the first Australian partnership for Wolves. According to Wolves’ media statement, the broker shares its commitment to trust, integrity and professionalism, and this aligns it with the club’s “values and One Pack mentality”. Don’t miss out the latest news, subscribe…
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Martin Zizi, Dapilinu Dunbar, James Corbett, Corrie Sampson, John Garofano and Marsha Hadley were also charged for allegedly promoting NovaTech. According to the financial watchdog, these parties raised more than $650m in virtual assets from over 200,000 investors across the globe by operating a multi-level marketing (MLM) and crypto asset investment programme between 2019 and…
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“Your Fund's Security, Our Priority” ATFX prioritizes client funds' safety and security. With the launch of the ATFX Client Funds Insurance under the slogan “Your Fund’s Security, Our Priority,” clients can now trade with even greater confidence, knowing that an additional layer of protection protects their funds. This commitment to fund security sets ATFX apart…
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Revenue rose by 30%, despite like-for-like sales showing a more modest 3% rise. The company put the revenue boost down to good cost management and growth in its real estate portfolio. 2023 saw 18 new Burger King restaurants open in the UK, with 10 more being refitted last year. Burger King’s UK operating profit rose…
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In its press release, the world’s leading music label said that this agreement will create opportunities for its artists and songwriters to feature their music on Facebook, Instagram, Messenger, Horizon, Threads and WhatsApp – all platforms of Meta. According to a Reuters report, Universal Music represents industry giants such as Billie Eilish and Taylor Swift.…
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