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There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler’s organization. In other news, South Sudan
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The UK invests too little. This is now widely agreed. Naturally, this has led to a discussion of how to induce more investment. Yet how would the extra investment be funded by a country that is even more strikingly short of savings than it is of investment? According to IMF data, gross investment averaged a
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The prime minister of Sweden has warned against delinking his country’s Nato membership bid from Finland’s, after the alliance acknowledged for the first time that the two might have to join separately owing to Turkey’s obstruction. Ulf Kristersson said in an interview that for strategic reasons, the two membership applications should be ratified at the
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Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised a combined US$976,146,000 or 29.3% of
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The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve. Achieving an Inclusive Digital Economy The Zambian central bank and the country’s Securities and
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There is a scene in Tár, the Oscar-nominated film about a charismatic but abusive conductor of a major orchestra in Berlin, in which the character played by Cate Blanchett whispers along to an old programme. It shows Leonard Bernstein, the maestro of the New York Philharmonic, charming his audience in one of its Emmy award-winning
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Last week, Sally Mapstone was exposed for breaking a big unwritten rule on how a modern boss should behave. The principal of Scotland’s University of St Andrews has made it clear her team should never write an email that starts with “I hope this finds you well”, or ends with “I hope this helps”. Nor
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On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and
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When Nestlé subsidiary Nespresso was awarded “B Corp” status in May 2022, the founders of tiny Glen Lyon Coffee Roasters could scarcely believe it. Their initial reaction was “dismay”, the Scottish firm said in a post on its website last summer. It had only just attained the same certification, which demonstrates enhanced commitments to environmental
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Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S. economy. “You need a higher stable inflation rate. Call it 3% to 4%,” the economist suggested. The Fed Could Crush US Economy, Economist Warns Economist Mohamed
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International funding for Chinese start-ups dried up last year, pushing many fledgling technology companies to raise capital and list at home instead of on Wall Street. Dollar investments in the country’s new companies fell by nearly three-quarters last year, declining to 19 per cent of the total capital put into start-ups from 39 per cent
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that investing in a well-diversified portfolio of stocks, bonds, mutual funds, and exchange-traded funds (ETFs) is “very risky” advice. Kiyosaki stressed that gold, silver, and bitcoin are the best investments for “unstable times.” Robert Kiyosaki’s Investment Advice The author of
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Last year, Japan’s crime rate rose for the first time in 20 years, and did so quite sharply. Alarming, perhaps, and surely nothing to celebrate. Especially since, without that bump, the country was on course to become the world’s first major society to be totally crime-free. Well, sort of.  Japan’s crime figures, say the criminologists,
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