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Two Lithuanian men, aged 35 and 47, were arrested in Zug after fleeing from police following a reported burglary. They are suspected of another burglary that same evening, with stolen property found during their arrest. The public is urged to report any suspicious activity in the area.
President-elect Donald Trump rang the opening bell at the New York Stock Exchange after being named Time's 2024 Person of the Year, marking his second time receiving the honor. In his remarks, he highlighted his administration's plans, including expedited permits for major projects and a commitment to mass deportations. Trump also expressed skepticism about trusting others, including Israeli Prime Minister Netanyahu, while emphasizing his approach to reshaping American politics.
Nestlé has partnered with Damm to manufacture and distribute Nestea in Spain, Andorra, and Gibraltar starting in 2025. Damm will produce the full range of Nestea flavors at its Valencia factory, enhancing its product portfolio and supporting the brand's growth in the non-carbonated drinks segment. The first Nestea units will be available from January 1, 2025.
Vancouver City Council has approved a motion to explore becoming a "Bitcoin-friendly city," aiming to integrate Bitcoin into its financial operations, including a potential reserve and payment options. Mayor Ken Sim highlighted the need to address inflation and affordability challenges, while some councilors raised concerns about illicit activities and the environmental impact of Bitcoin mining. A report on the feasibility and risks of this strategy is expected by the end of Q1 2025.
The Australian stock market is experiencing mixed performance, with penny stocks emerging as potential growth opportunities despite challenges. Besra Gold Inc., a pre-revenue gold mining company with a market cap of A$29.69 million, faces significant financial hurdles and management inexperience, while Salter Brothers Emerging Companies Limited, valued at A$69.98 million, focuses on diverse investment opportunities in listed and unlisted securities.
UBS is shifting its wealth management strategy in the United States to attract a broader range of clients beyond just the super-rich. This realignment aims to enhance growth potential, addressing the bank's ongoing struggles with low profitability in the market.
Three UBS advisor teams have been recognized in Forbes' 2024 America’s Top Wealth Management Teams Private Wealth list: Wickham Cash Partners, LongBernsteinGunderson Wealth Management, and The Capital ESOP Group. These teams, part of the Philadelphia D.C. Wealth Management Market, collectively manage over $490 billion in assets, showcasing their expertise in guiding ultra-high net worth clients.
UBS Group AG is restructuring its U.S. wealth management unit to enhance profitability, creating four regional units and a dedicated team for international clients. The firm is launching an Ultra-High Net Worth Plus segment for clients with assets over $50 million, reflecting its commitment to affluent clientele while pursuing a broader banking license in the U.S.
Travala, a cryptocurrency-focused travel platform, has launched a Bitcoin and AVA reserve, celebrating over $100 million in gross annual revenue, a significant increase from $59.6 million in 2023. The growth, driven by flight and hotel bookings, is complemented by a new Treasury Reserve Plan aimed at strengthening financial resources for future expansion. CEO Juan Otero noted that the reserve will allow for strategic management of funds as the crypto ecosystem matures, with potential for introducing additional tokens in the future.
Mark Cuban, the billionaire entrepreneur and television personality, has revealed his investments in lesser-known cryptocurrencies, specifically Polygon (POL) and Injective (INJ), during a recent AMA session. Despite his enthusiasm, both tokens have seen significant declines of 26% and 25% respectively since his disclosure. Currently, Cuban holds 284.75 Wrapped Matic (WMATIC) but appears to have exited his positions in POL and INJ, according to on-chain analytics.
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