Breaking news

Revolut Winds Down Commodities Offering In Select European Markets

Revolut has announced the closure of its commodities trading service in selected European markets, giving affected users a limited period to exit positions. Customers holding precious metals will have up to 60 days to liquidate their assets.

Overview Of The Strategic Move

The change applies to a relatively small segment of Revolut’s customer base. Investments in gold, silver, platinum, and palladium will need to be sold within the specified timeframe. According to the company, the decision does not affect other core products or services.

Customer Guidance And Refund Policy

Affected users will receive direct communication outlining the process. Revolut has also confirmed that commissions linked to existing transactions will be refunded, reducing the cost of closing positions during the transition period.

Financial Strategy And Market Trends

Company disclosures show that Revolut held approximately £739 million (around $997 million) in precious metals, compared with £199 million a year earlier. These holdings were used as part of a broader strategy to hedge against market volatility. The move comes amid fluctuating commodity prices, particularly in gold, which has recently reached record levels before showing renewed volatility.

Implications For European Expansion

This development coincides with Revolut’s broader ambitions to extend its footprint in the European market. The firm is actively applying for a banking licence in France, supplementing its existing European Union operations that benefit from licence “passporting” via Lithuania. Investors and industry watchers will be keenly observing how these regulatory and strategic adjustments impact the company’s long-term growth trajectory.

Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

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Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.

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