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Philips shares rise 10.5% on strong second-quarter sales despite weakness in China

Philips shares rise 10.5% on strong second-quarter sales despite weakness in China

More news - Recent news Shares in Dutch company Philips rose more than 10.5% on Monday morning after it reported second-quarter earnings that beat analysts' expectations. As of 9.32am London time, the stock had seen a slight decline, up 10.45%. Philips reported a 2% increase in group comparable sales to €4.5 billion ($4.88 billion), mainly driven by strong demand in North America, while sales in China declined. The company, known for its medical devices and personal care products such as electronic toothbrushes, also saw a 9% increase in comparable orders during the quarter. Philips attributed the muted demand in China…
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UK regulator fines Coinbase’s UK arm .5 million for high-risk customer breaches

UK regulator fines Coinbase’s UK arm $4.5 million for high-risk customer breaches

Related media - Breaking news Coinbase’s UK subsidiary has been fined £3.5 million ($4.5 million) by British regulators for breaching an agreement aimed at preventing the cryptocurrency exchange from taking on high-risk customers. The Financial Conduct Authority (FCA) has imposed the fine on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, which operates a global cryptocurrency trading platform. The fine comes after CBPL breached a voluntary agreement it entered into in October 2020 to avoid taking on and offering services to high-risk clients. The FCA reported that CBPL served 13,416 high-risk customers despite the settlement, with 31% of those…
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Corey LaJoie to Leave Spire Motorsports After 2024 Season

Corey LaJoie to Leave Spire Motorsports After 2024 Season

More news - Recent news Corey LaJoie, currently 28th in the NASCAR Cup Series standings, will not return as the driver of the No. 7 Spire Motorsports car at the end of the 2024 season. LaJoie, who has a contract with Spire Motorsports through next year but is now free to explore other opportunities, confirmed the news to FOX Sports, following an initial report from The Athletic. “I will not be driving the No. 7 next year,” LaJoie said. “I am very proud of the role I have played in helping Spire become a competitive team, but unfortunately, my future…
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Starliner crew mission delayed until August, NASA says

Starliner crew mission delayed until August, NASA says

More news - Latest news NASA has announced that Boeing’s Starliner spacecraft will remain docked with the International Space Station (ISS) until August as the agency and Boeing address issues that arose early in the mission. The Starliner capsule, named "Calypso," has been in space for more than 50 days, carrying NASA astronauts Butch Wilmore and Suni Williams. Originally scheduled for an early return, the mission faced several delays as NASA conducted necessary ground tests before approving the spacecraft's reentry. In a recent press conference, Steve Stich, NASA's commercial crew manager, said that despite significant progress, the agency is not…
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UK Finance Minister Rachel Reeves promises most pro-growth, pro-business government in history

UK Finance Minister Rachel Reeves promises most pro-growth, pro-business government in history

Related media - News 24 hours LONDON — UK Finance Minister Rachel Reeves said on Friday that the newly elected Labour government aims to be the most growth-oriented and business-friendly administration the country has ever seen. In an interview with CNBC, Reeves stressed that improving the living standards of ordinary Britons and increasing investment in public services depend on wealth creation. “This will be the most pro-growth, pro-business Treasury this country has ever seen,” Reeves, the Chancellor of the Exchequer, told CNBC’s Steve Sedgwick in a remote interview. “I will work with businesses to ensure we are doing everything we…
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