Category: loss
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California Man Sues Three Asian Banks Over $1 Million Crypto Fraud Loss – Who’s to Blame?
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A California man, Ken Lim, has taken legal action against three prominent banks in Asia — Fubon Bank, Chung Hing Bank, and DBS Bank — for allegedly facilitating a $1 million cryptocurrency scam. the lawsuitfiled in a California District Court on December 31, 2024, alleges that these banks failed to…
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Affordable Solutions to Hair Loss Without Compromising Quality
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Hair loss is a challenge that affects millions of individuals around the world, leaving many searching for effective and affordable solutions. For many years, hair restoration options were expensive and limited to certain areas. However, the growing trend in medical tourism has opened opportunities for those willing to look beyond…
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Fennec Pharmaceuticals Announces Pedmarqsi® Positive Recommendation by NICE for the Prevention of Cisplatin-Induced Hearing Loss in England and Wales
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Dec 20, 2024 • 8 minute…
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Moonpig slips into loss after £50m write-down hits experiences division
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Online greetings card and gifts retailer Moonpig has reported a half-year pre-tax loss of £33.3m after writing down the value of its Experiences division by more than £50m, underscoring the challenges posed by faltering consumer confidence. In expensive discretionary treatments. The loss in the six months to October compares with…
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BMO misses expectations on higher credit loss provisions
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Article content The Bank of Montreal on Thursday reported fourth-quarter earnings, but they were not enough to meet analysts’ expectations as a larger-than-expected rise in credit loss provisions took its toll. Article content Net income for the three-month period ended October 31 was $2.3 billion, higher than the $1.7 billion…
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BMO misses expectations on higher credit loss provisions
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Article content The Bank of Montreal on Thursday reported fourth-quarter earnings, but they were not enough to meet analysts’ expectations as a larger-than-expected rise in credit loss provisions took its toll. Article content Net income for the three-month period ended October 31 was $2.3 billion, higher than the $1.7 billion…
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Bitcoin Top Buyers Panic Sell At Loss As BTC Crashes To $92k
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On-chain data shows that Bitcoin investors who bought at the top are giving up after BTC pulled back below the $93,000 level. Short-term holders of Bitcoin sold large amounts at a loss like Analyst at CryptoQuant Quicktake Another explainedThe recent collapse of Bitcoin sparked panic among short-term holders. “Short Term…
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Bitcoin Top Buyers Panic Sell At Loss As BTC Crashes To $92k
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On-chain data shows that Bitcoin investors who bought at the top are giving up after BTC pulled back below the $93,000 level. Short-term holders of Bitcoin sold large amounts at a loss like Analyst at CryptoQuant Quicktake Another explainedThe recent collapse of Bitcoin sparked panic among short-term holders. “Short Term…
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Vauxhall workers face 140-mile relocation or job loss as Stellantis shuts factory
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Car maker giant Stellantis has announced plans to close its 120-year-old factory that makes many Vauxhall cars, leaving more than 1,000 employees with the daunting dilemma of moving 140 miles north or losing their jobs. The $205 billion carmaker said it plans to cease operations at its Luton truck manufacturing…
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Sir Jim Ratcliffe’s Belstaff racks up £18m loss as auditors warn of uncertain future
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Belstaff, the luxury leather jacket brand owned by billionaire Sir Jim Ratcliffe, has announced a further loss of £18.3m, raising fresh concerns about its financial sustainability. Auditors warned that the company still relied on ongoing support from its parent, Ineos, to survive. Despite the jackets selling for up to £2,125,…
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Sir Jim Ratcliffe’s Belstaff racks up £18m loss as auditors warn of uncertain future
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Belstaff, the luxury leather jacket brand owned by billionaire Sir Jim Ratcliffe, has announced a further loss of £18.3m, raising fresh concerns about its financial sustainability. Auditors warned that the company still relied on ongoing support from its parent, Ineos, to survive. Despite the jackets selling for up to £2,125,…
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UK SMEs brace for average revenue loss of £138,000 in 2025 amid Labour’s budget measures
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SMEs across the UK are set to face major financial challenges in 2025, with new research suggesting an expected average revenue loss of £138,000 per business. According to a study by freelance platform Fiverr, a quarter of businesses expect losses of more than £100,000 due to financial pressures caused by…
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Israeli data loss prevention co MIND raises $11m
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Israeli Data Loss Prevention (DLP) company. mind It came out of stealth today and unveiled its platform to enable organizations to protect their most sensitive data. The company also announced that it has raised $11 million in a seed funding round led by YL Ventures with participation from cybersecurity leaders…
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Mobileye recognizes $2.7b goodwill loss
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Israeli company Advanced Driving Assistance Systems (ADAS). Mobily International Company (Nasdaq: MBLY) recognized a goodwill impairment loss of $2.7 billion in the third quarter of 2024. The company explained that this is a non-cash goodwill impairment loss related to goodwill assets on its balance sheet. “This asset, which is significant…
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Boeing reports $6B quarterly loss with big union vote looming
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Boeing ( BA ) released third-quarter earnings on Wednesday morning, highlighting the planemaker’s risky nature ahead of another momentous event: a labor vote scheduled for later Wednesday. Boeing announced a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash…
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Boeing reports $6B quarterly loss with big union vote looming
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Boeing ( BA ) released third-quarter earnings on Wednesday morning, highlighting the planemaker’s risky nature ahead of another momentous event: a labor vote scheduled for later Wednesday. Boeing announced a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash…
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Rani Zim sells Psagot stake for huge loss
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Yesterday, Rani Zim sold his entire 65.7% stake in Psagot, plus tradable options, to the company’s former CEO Yaniv Bender. Bandar will pay NIS 40 million in cash upon completion of the deal, and will then own 73% of Psagot, which became a shell company after selling its business. Bender…
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Unga narrows full year loss to Sh669.5m on lower costs
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Manufacturer Unga Group Plc narrowed its loss for the year ending June 2024 to Sh669.5 million from Sh959.3 million previously, on lower costs. The company attributed the lower costs to improved efficiencies in its operations and one-time gains in foreign exchange with the appreciation of the Kenyan shilling in the…
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Quorn parent company suffers £63m loss as demand for plant-based products falls
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Marlowe Foods, the parent company of plant-based brand Quorn, has announced a loss of £63m as demand for meat alternatives continues to decline. Sales fell by 6.9% to £205 million in the last financial year, prompting the company to cut nearly 100 jobs as part of a restructuring programme. Quorn…
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72% of UK firms face skills gaps, turn to AI and upskilling amid £275m productivity loss
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The UK skills gap continues to widen, with 72% of businesses reporting shortages in critical areas such as AI, data analytics and cybersecurity – up from 69% in 2023, according to DocuSign’s 2024 Digital Maturity Report. As a result, companies are increasingly turning to “quiet hiring,” upskilling their existing employees…