This growth was driven by businesses as well as individuals moving on to private healthcare rather than relying on the state’s services. This helped Aviva’s annual operating profits get a 9% boost in 2023, outperforming analyst predictions by reaching £1.5bn last year. Dame Amanda Blanc, the chief executive at Aviva, received remuneration of £6.6m in…
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This treaty will create one million direct jobs over the next 15 years to help address India's societal imbalance of wealth and poverty. In return, India committed to reducing import duties on products from the countries that form the European Free Trade Association (EFTA). AP reported this trade agreement covers 'goods and services, investment promotion…
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Based on Reuters information, CEO Yoni Assia indicated that the company is weighing up its options to launch an IPO in New York or London. He added that a New York listing would mean exposure to a larger pool of investors. In an interview with the Financial Times, as cited by Reuters, Assia said: We…
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Although their opinions regarding when to initiate the rate cut varied slightly, the consensus leaned towards action before the summer. Joachim Nagel, President of the Bundesbank, indicated in an interview with the German podcast Table Today that a rate cut before the summer holidays is becoming increasingly probable. Nagel's stance is particularly noteworthy since the…
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This news came as Paramount (PARA) CFO Naveen Chopra spoke at the Morgan Stanley Technology, Media & Telecom Conference. The company believes that it will be profitable by 2025 without having to increase the cost of its packages in 2024. However, Chopra said that “going forward, we do anticipate future price increases”. He also said…
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The bank announced on Wednesday, 6 March 2024 that former Whitehouse Comptroller of the Currency, Joseph Otting, is its new CEO. This appointment is part of a $1bn capital infusion from investors, which reportedly includes past Treasury Secretary Steven Mnuchin. High interest rates and a problematic commercial real estate (CRE) market are some of the…
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These requests came after a fiery rally affected long-term bond yields, which almost plunged to a historic low. Although drops such as must fit the debt market, they can also stem the allocation of loans needed to brace the economy. In an email to Bloomberg, the People’s Bank of China (PBOC) confirmed that it is…
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In 2022, the PIF directly acquired a 4% stake in Aramco and another 4% indirectly through Sanabil, a wholly-owned subsidiary of PIF. Reuters' reports suggested that Saudi Arabia might be considering selling additional Aramco shares further to support the financing of its ambitious Vision 2030 program. Aramco's initial public offering, which occurred before the pandemic,…
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The case revolves around Spotify, which complained in 2019 that its users were prevented from finding out about alternative payment options apart from the App Store. The EU raised a case last year based on this and other companies whose customers are in the same situation. These restrictions were classed as unfair trading conditions in…
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According to this financial watchdog, investors want more information about the economic impacts of climate-related risks in a business to make informed investment choices. At present, climate-impact disclosures are not mandatory, and companies volunteer this information in their filings. Don’t miss out the latest news, subscribe to LeapRate’s newsletter These climate disclosures come into effect…
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