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According to the UBS post-acquisition plans, it is going to implement a phased integration of the Credit Suisse brand which may last a couple of years. Swiss multinational banking giant UBS Group AG (SWX: UBSG) has revealed new details about what its liabilities are likely to be from the acquisition of
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Vodafone shares took a beating today amid company plans to layoff thousands of workers, and properly allocate resources. Vodafone (LON: VOD) shares fell 7% on Tuesday following a mass layoff announcement by the British multinational telecom company. In a statement, chief executive officer Margherita Della Valle said the company’s plan to
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Chinese chip powerhouse SMIC saw Q1 revenue fall to $1.46 billion as it continues to withstand chip shortages and US trade sanctions. Semiconductor Manufacturing International Corporation (SMIC) has seen its revenue fall according to its latest quarterly figures. On Friday, the Chinese chipmaking giant posted revenue of $1.46 billion for Q1
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Emirates Group announced global freight expansion to different destinations including Tanzania, Germany, Canada, and Brazil. Emirates Group, a state-owned Dubai-based international aviation holding company, released its 2022-2023 financial results. According to the announcement, Emirates achieved a record annual profit of AED 10.9 billion, approximately $3 billion. The airline service company was
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Boba said its users on BNB Chain are saving around 80% on transaction fees by using its network. Boba Network said today its Layer-2 scaling solution had achieved mass adoption on Binance’s BNB Chain, with its transaction volume more than quadrupling in April compared to the previous month. The network’s developers revealed
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Validators earned a total income of $46 million in the first week of May as a result of the increase in the staking rewards rate, which is a metric for the annualized yield of validators. According to data, validators earned 24,997 Ether (ETH) in the week, representing a 40% increase
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Deribit's forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties. Source
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Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to their national reserves, representing a 176% rise compared to the purchases
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The U.S. Securities and Exchange Commission (SEC) has issued its largest-ever whistleblower award totaling $279 million. The SEC generally issues awards ranging between 10% to 30% of collected monetary sanctions that are larger than $1 million. To receive such an award, the whistleblower needs to have provided information that directly
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