Amazon is introducing a new fee for third-party sellers who choose to ship their own products instead of using the company’s fulfillment services. Starting from Oct. 1, sellers who are part of the Seller Fulfilled Prime program will have to pay Amazon a 2% fee on each product sold, according to a notice sent to…
Europe’s First Spot Bitcoin ETF Launches in Amsterdam
The crypto market has been experiencing a slight downturn on Wednesday, following the global trend of stock markets that are affected by China’s economic uncertainty. However, not all is gloomy in the crypto space, as Europe has just welcomed its first ever spot Bitcoin ETF on the Euronext Amsterdam stock exchange. The ETF, which trades…
Regal Food Products Group diversifies with catering packaging acquisition
Regal Food Products Group Ltd, a Bradford-based company that owns brands such as Regal Foods and Yorkshire Baking Company, has announced the acquisition of Packaging ‘R’ Us, a supplier and manufacturer of catering packaging. The deal is part of Regal’s long-term strategy of expanding and strengthening its offerings for the wholesale and food service markets….
Bauer Media to acquire iRadio, expanding its reach in Ireland
Bauer Media, the owner of Newstalk, TodayFM and Spin, has announced that it has entered into an agreement to acquire iRadio, the youth-orientated music station serving listeners spanning the North East, Midlands and North West. The deal is subject to regulatory approval and will extend Bauer’s total weekly radio reach to almost 1.9 million listeners…
Launching A Safe Pharmaceutical Product: Key Things To Consider
The pharmaceutical industry operates at the intersection of innovation and patient welfare. While introducing new medical solutions into the market is crucial, ensuring the safety of these products is paramount. As global demand for more effective treatments and medications grows, companies need to navigate the complex terrains of research, testing, and regulatory compliance. When done…
PayPal pauses crypto sales in UK amid regulatory changes
PayPal, the online payment giant, has announced that it will temporarily stop selling cryptocurrencies to its customers in the United Kingdom from October 1st. The decision comes as a response to the changing regulatory environment in the UK, which has been tightening its rules on crypto activities. According to PayPal, the suspension is a precautionary…
Coinbase gets green light to offer crypto futures in US
Coinbase Global, the largest cryptocurrency exchange in the US, has received approval from a regulatory body to offer cryptocurrency futures and options to its retail customers. The move could boost Coinbase’s revenue and market share, as well as attract more investors to the crypto space. According to a statement from Coinbase on Wednesday, the National…
GM invests $60 million in Mitra Chem, a startup developing cheaper EV batteries
General Motors (GM) has announced that it is leading a $60 million financing round in Mitra Chem, a California-based startup that is developing lower-cost batteries for electric vehicles (EVs). Mitra Chem, founded by former Tesla and Toyota engineers, is working on a new type of battery based on lithium iron phosphate (LFP) chemistry. LFP batteries…
Binance Connect to cease operations amid regulatory pressure
Binance, the world’s largest cryptocurrency exchange by trading volume, is shutting down its regulated fiat-to-crypto platform, Binance Connect, effective from today, 16 August. The platform, which launched in March 2022, allowed users to buy and sell over 50 cryptocurrencies using fiat card payments such as Mastercard and Visa. According to a report by Cointelegraph, the…
Ville Talasmäki appointed as Chief Investment Officer of Sampo Group
LONDON, UK: Ville Talasmäki, 47, has been appointed as Group Chief Investment Officer and Group Executive Committee Member of Sampo, the largest P&C insurer in the Nordic region, offering services across all countries, customer segments and products. The appointment is subject to the completion of the partial demerger of Sampo plc and is expected to…
Chaarat Gold sells Kapan Mine in Armenia for $55.4 million
LONDON, UK: Chaarat Gold, a gold mining company listed on AIM, has announced that it has agreed to sell its Kapan Mine in Armenia to a local fintech company, Quanto, for $55.4 million. The Kapan Mine is a polymetallic operation that produces copper and zinc concentrates with gold and silver by-products. Chaarat acquired the mine…
Molecular Energies acquires fintech company Quanto and advances hydrogen engine project
LONDON, UK: Molecular Energies PLC’s Green House Capital (GHC) has acquired a 70% stake in Quanto, a Paraguayan fintech company that has developed an app-based payment system. The company has also reported progress on its dual fuel project that aims to convert diesel engines to run on a mixture of diesel and hydrogen. Quanto is…