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Janet Yellen’s China speech has been a long time in coming. It has been almost a year since Antony Blinken, the US secretary of state, said the country was “the most serious long-term threat” to world order. Yellen’s phrasing was more emollient. The US Treasury secretary spelt out that the administration of Joe Biden had
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Decentralized finance (DeFi) protocol 1inch has deployed its aggregation and limit order protocols on Ethereum layer-2 scaling solution zkSync Era to tap into faster and cheaper transactions. 1inch Network is the latest of a host of Ethereum-based platforms and services to deploy on the zero-knowledge proof (zk-proof) based scaling platform. Uniswap, SushiSwap, Maker and Curve
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What’s an office worth? For corporate leaders, the office is an invaluable place of collaboration and creativity, fueling employee productivity. More companies are requiring workers back onsite, with 72.5% of private sector establishments reporting little or no telework among their employees, according to a recent Department of Labor survey. Office occupancy has reached a post-pandemic
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The CBI said on Thursday it had given the police “additional information relating to a report of a serious criminal offence”, worsening the reputational crisis that has engulfed the UK’s leading business lobby group. The organisation is embroiled in a scandal involving multiple allegations by employees about alleged workplace misconduct, including an alleged rape at
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Russian paramilitary group Wagner, notorious for its brutal role in Vladimir Putin’s invasion of Ukraine, unsuccessfully asked China for supplies of weapons earlier this year, according to a leaked US intelligence report. Representatives from Wagner, which is controlled by close Putin ally Yevgeny Prigozhin, “sought munitions and equipment” from China in “early 2023”, according to
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Black market drones have been used in military attacks for years. Drones have been heavily used in the Ukraine war too, prompting speculation that China was involved. Beijing has denied widespread reports that the country exported drones to aid Russia’s invasion of Ukraine. The speculation highlights China’s growing dominance in commercial drone manufacturing. The government
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Tornado Cash developer Alex Pertsev is set to be released from jail after spending nearly nine months in prison. Pertsev was arrested in August last year by Dutch authorities on suspicion of being involved in money laundering through the crypto mixing service Tornado Cash. Cointelegraph confirmed the news with the people familiar with the matter, and Pertsev
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Imagine you were a senior Brexiter in 2016, a politician or a journalistic cheerleader. You’ll always remember that moment the night of the vote, when you realised you had achieved something historic. That’s rare for a politician and almost unheard of for a journalist. Because Brexit was decided by popular opinion, journalists, for once, mattered.
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Ethereum network’s gas fee skyrocketed to a new multi-month high amid a growing memecoin frenzy. The high transaction fee has swelled Ethereum’s daily revenue multifold compared to Bitcoin (BTC). While Ethereum proponents celebrated the growth in revenue, many others were quick to point out the growing congestion on the network and the difficulty in processing
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