An EV600 all-electric light commercial vehicle purpose-built for the delivery of goods and services, built by GM’s electric commercial vehicle business, BrightDrop, is seen in Detroit, Michigan, in this undated photograph. Brightdrop | Handout | via Reuters Layoff announcements and warnings of an economic downturn from multiple CEOs during the earnings season have made it
Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue to exist in blockchain bridges.
President Joe Biden’s speech in Warsaw was thickly coated in the kind of idealistic rhetoric many western Europeans discreetly roll their eyes at. Of Vladimir Putin, he said: “He thought autocrats like himself were tough and leaders of democracies were soft . . . And then, he met the iron will of America and the nations everywhere that refused
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form of controversial inscriptions, called Ordinals, on the
A renovated apartment in New York City after The Expert consultation sessions with designers Jessica Gersten and Athena Calderone. The Expert Aside from bingeing Netflix, creating the picture-perfect home may have been the pandemic’s most popular habit. Whether it’s organizing a pantry or adding on a home office, gym or spa-like bathroom, homeowners have been
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans from foreign banks. A Setback
The UK is on the “cusp” of a Brexit deal with the EU to overhaul Northern Ireland’s trading arrangements, Britain’s deputy prime minister Dominic Raab said on Sunday. The two sides are close to resolving the bitter dispute arising since the UK left the EU single market and customs union in 2021 by agreeing changes
LinkedIn has been hit by a rise in sophisticated recruitment scams, as fraudsters seek to take advantage of the trend towards remote working and widespread lay-offs across the tech sector. Jobseekers on the world’s largest professional network are being defrauded out of money after taking part in fake recruitment processes set up by scammers who
Gautam Adani’s business empire has had more than $145bn wiped from its value in the month since a US short seller alleged fraud, laying bare the battle the Indian tycoon still faces in regaining the confidence of investors. The sell-off triggered by Hindenburg Research, which accused Adani of stock manipulation and accounting fraud, has erased
A home along a canal comes with certain advantages, particularly when that waterfront is in an upscale community such as Vero Beach, Florida. From a privacy standpoint there are no neighbors sharing a backyard border. Instead, a tranquil waterway acts as a natural buffer. From an investment angle, homes on the water are always in
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The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption of Russian Crypto Mining Legislation Postponed Again A bill
For more than a decade following the financial crisis, UK banks endured a painful wait for interest rates to rise, counting down the days until they could finally start to make money from their customers’ deposits. Surging inflation granted their wish. Since late 2021, and as the Bank of England pushed up the base rate
Activist investor Jeff Ubben is joining an independent, external group of experts that advises Bayer’s management on sustainability, as the German industrial group tries to embrace its high-profile shareholder. But the gesture may fail to satisfy Ubben, who wants the group to use sustainability to drive returns, as the position is informal and far less
For years, Austria’s Raiffeisen Bank vaunted its staying power in Russia as western rivals came and went. “Russia,” Raiffeisen’s former chief executive Herbert Stepic liked to say, “separates the wheat from the chaff”. Now, the situation is reversed. One year into Russia’s bloody invasion of Ukraine, as western companies flee the country, fearful of the
Several of the world’s biggest pharmaceutical companies are fighting shareholder proposals to force them to disclose information on their use of a controversial patent strategy that can delay rivals from launching cheaper versions of blockbuster drugs. A coalition of ethical investors have asked Johnson & Johnson, Merck, Pfizer, Eli Lilly, Gilead, Amgen, Regeneron, Bristol Myers
As Shanghai re-emerges from a Covid-19 outbreak and three years of restrictions that hampered travel and trade, the financial hub is doing so without much evidence of what made it China’s most cosmopolitan city: foreign visitors. Before the pandemic, its iconic Bund was usually thronged with foreign travellers and business delegations. But on a recent
Victory in the Carabao Cup final on Sunday would end a five-season wait for a trophy at Manchester United. During that period, the clubs fans have had to watch Manchester City win England’s domestic league four times. Two years ago, their crosstown rival surpassed United off the field as well, as its annual revenues exceeded
The record-breaking global bond market rally since the start of this year has fizzled out as mounting signs of persistent inflation force investors to reverse their views on the likely future path of interest rate rises. Investors rushed into fixed income in the first few weeks of 2023 as they became increasingly expectant that the
The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In the show’s inaugural episode airing today, Pechman discusses
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Russian Traders Still Using