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G7 Will Host a Discussion on Crypto by the Global Financial Regulators

G7 Will Host a Discussion on Crypto by the Global Financial Regulators

You are here: Home / News / World / G7 Will Host a Discussion on Crypto by the Global Financial Regulators May 18, 2022 by Vignesh Karunanidhi The Group of Seven, or G7, central bank governors and finance ministers are allegedly planning to discuss cryptocurrency legislation. According to a Tuesday report from Reuters, representatives from …

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Africa Could Benefit Substantially by Adopting Crypto, Says Top Kenyan Financer

Africa Could Benefit Substantially by Adopting Crypto, Says Top Kenyan Financer

According to James Mwangi (CEO of Kenya’s largest banking conglomerate Equity Group Holdings), the African continent will significantly develop technologically and economically if it opens its arms to the digital asset industry. To do so, local authorities should cooperate with regulators, convincing them of crypto’s benefits. Crypto Could be Africa’s Stepping Stone In a recent …

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China makes a comeback in the Bitcoin mining scene

China makes a comeback in the Bitcoin mining scene

China› Bitcoin › Mining CCAF claims a significant amount of underground mining activity leveraging off-grid electricity and scattered small-scale operations is responsible for the BTC mining resurgence in China. 2 min read Updated: May 18, 2022 at 5:28 pm Cover art/illustration via CryptoSlate New Bitcoin (BTC) mining data from the Cambridge Centre for Alternative Finance …

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Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall

Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall

Topline Shares of Target collapsed Wednesday after the brick-and-mortar retailer posted disappointing first-quarter earnings spurred by unexpectedly high costs that offset rising sales—spelling more trouble for the broader retail industry just one day after competitor Walmart posted its own stock-market plunge. “Inflation always hits the lower-income cohorts hardest and first,” and the latest retail results …

Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall Read More »

Walton Family Loses $34 Billion In Two Days, As Walmart Stock Continues Nosedive

Walton Family Loses $34 Billion In Two Days, As Walmart Stock Continues Nosedive

Walmart’s stock has slid 17% since it reported disappointing earnings on Tuesday. AFP via Getty Images The Walton heirs have lost a staggering $33.7 billion in the last two days as shares of their family’s retailing giant, Walmart, continue to be pummeled. The reason for the carnage? The company said on Tuesday that its profits …

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Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index

Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index

Elon Musk attends the 2022 Met Gala on May 2, 2022. Getty Images for The Met Museum/Vogue Tesla, the world’s leading maker of electric vehicles, has been cut from S&P’s ESG Index created for environmentally conscious investors owing to flaws in its business conduct and, ironically, aspects of the company’s low-carbon strategy. The move inflamed …

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Alstom team wins €2.6bn Tel Aviv light rail

Alstom team wins €2.6bn Tel Aviv light rail

The €2.6bn (£2.2bn) contract was awarded to TLV Metropolitan Tramway – known as the TMT Consortium – by Metropolitan Mass Transit System (NTA). Alstom’s share is valued at €858m.  Alstom’s responsibility includes the design, engineering, supply, integration, testing and commissioning of the railway system including tracks, electrification, power supply, signalling and communication system as well …

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Vistry appoints Laing O’Rourke finance chief as Tyler steps down

Vistry appoints Laing O’Rourke finance chief as Tyler steps down

Housebuilder Vistry has appointed Laing O’Rourke finance chief Rowan Baker as non-executive director. She joins the Kent-based firm as chair of its audit committee today as previous incumbent, Ralph Findlay, steps up to replace Ian Tyler as chairman. Tyler chaired Vistry, and predecessor firm Bovis Homes, for more than eight years, prior to which he …

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