Merkle Trade, a cutting-edge decentralized platform for trading cryptocurrencies and synthetic assets, has launched with advanced trading features and leverage of up to 1,000x. The platform will initially support trading pairs including ETH/USD, BTC/USD, and APT/USD. To celebrate its launch, Merkle Trade has announced its first-ever trading contest with a prize pool of $3,000. The…
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Avaada Group gets $1.07bn funding from Brookfield Renewable and Global Power Synergy
Avaada Group has raised $1.07 billion in funding as part of an ongoing $1.3 billion fund raise plan. The funding comes from Brookfield Renewable’s Brookfield Global Transition Fund (BGTF), which will invest up to $1 billion in Avaada Ventures Private Limited, and Global Power Synergy Public Company Limited, which will invest $68 million in Avaada…
OPPO Reno 10 Pro+ spotted on 3C certification site ahead of launch, confirms 100W fast charging
Chinese smartphone maker OPPO is set to launch its new OPPO Reno 10 series in the coming weeks. The lineup is said to feature three devices – the OPPO Reno 10, OPPO Reno 10 Pro, and the OPPO Reno 10 Pro+. The top-tier model, OPPO Reno 10 Pro+, has now been spotted on the Chinese…
UK blocks Microsoft’s $69bn acquisition of Activision Blizzard over cloud gaming competition concerns
The UK’s Competition and Markets Authority (CMA) has blocked Microsoft’s proposed acquisition of Activision Blizzard, citing concerns over competition in the cloud gaming sector. The $69bn deal would have given Microsoft control over leading franchises like Call of Duty, which the CMA said could harm competition. While Microsoft had offered access to Activision’s Call of…
Anne O’Leary appointed Head of Meta Ireland amidst company downsizing
Meta, the parent company of Facebook, has announced that Anne O’Leary will be taking on the role of Head of Office at Meta Ireland, in addition to her current role as Vice President in the company’s EMEA Global Business Group division. The position was left vacant by Rick Kelley, who recently left the social media…
Platform One acquires over £1bn in SIPP assets from Gaudi in latest deal
Platform One has announced its acquisition of the operation of more than £1bn self-invested personal pension (SIPP) assets currently administered by Gaudi. The deal also includes the acquisition of Gaudi Trustees. With this acquisition, Platform One will acquire Gaudi’s staff, which will allow the company to launch its own on-platform SIPP. Platform One’s CEO, Alex…
Electric car sales jump to more than 10 million last year with China leading the way
Electric car sales jumped to more than 10 million last year, with China accounting for roughly 60% of the market, according to a report from the International Energy Agency published Wednesday. The record sales figures, contained within the IEA’s Global EV Outlook for 2023, continue a trend of sustained growth for the industry. “Electric car…
3M announces major layoffs amidst preparations for possible recession
On Tuesday, 3M, the manufacturing giant behind brands such as Post-It Notes and Scotch Tape, announced significant layoffs as part of a major restructuring plan. The company revealed that it would be letting go of 6,000 employees around the world, in addition to the 2,500 manufacturing roles it eliminated earlier this year. The announcement comes…
OnePlus Pad: A New Android Tablet with Impressive Specs and a $479 Price Tag
OnePlus has finally shared the pricing information for its first tablet, the OnePlus Pad. Priced at $479, the tablet packs an 11.61-inch LCD panel with a 2,800 x 2,000-pixel resolution, a 144Hz refresh rate, 10-bit color, and 296 pixels per inch. It boasts a 7:5 ratio screen, making it the world’s first tablet with this…
General Motors to stop production of Chevy Bolt EV by end of 2023
General Motors (GM) has announced plans to halt production of its electric Chevrolet Bolt models by the end of this year. This comes as the company looks to shift its focus to newer electric vehicles like the GMC Hummer and Cadillac Lyriq, which use GM’s Ultium architecture. The battery cells used in the Chevy Bolt…
Ocado Retail to close oldest fulfilment centre in shift to robotic facilities
Ocado Retail, the online supermarket joint venture between Ocado Group and Marks & Spencer, has announced that it will stop operations at its Hatfield customer fulfilment centre in the summer. The move comes as the company shifts to robotic customer fulfilment centres, which are more productive and have lower energy usage. According to the company,…
First payment of £301 cost of living grant starts rolling out to over 8 million UK households
The government has introduced the cost of living grant to help households cope with the rising costs of living in the UK amidst job losses, reduced hours, and increased living expenses. The cost of living grant is part of the government’s wider efforts to support those who have been most affected. Along with the grant,…