Month: July 2024

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…

Related media - News 24 hours 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…