Kate Forbes, Scotland’s finance and economy secretary, on Monday announced that she would run to succeed Nicola Sturgeon as leader of the Scottish National party and first minister. Forbes, who has been on maternity leave since last summer, is the bookmakers’ favourite to replace Sturgeon, who announced her resignation on Wednesday last week. Her chances
press release PRESS RELEASE. Like bitcoin, the four Seasonal Tokens – Spring, Summer, Autumn and Winter – are produced by proof-of-work mining and go through regular halvings that make them harder to obtain as time goes on. Once every nine months, the rate of production of one of the tokens is cut in half. That
Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat currencies, and the influence of high levels of inflation in the region.
There comes a point in many wars where the warring sides wonder what they have got themselves into. By some accounts, Vladimir Putin reached that stage in September. After a series of military setbacks, the Russian leader was showing anger — and even panic. Putin is now said to have regained his equanimity. With the
US president Joe Biden made a surprise visit to Kyiv on Monday in a dramatic show of American commitment to Ukraine ahead of the first anniversary of Russia’s full-scale invasion. His stopover, shrouded in secrecy owing to security concerns, comes at a pivotal moment in the war as Ukraine gears up for a counteroffensive and
Technology has been one of the hottest sectors of the year. Can it keep the momentum? Coupa Software: https://www.zacks.com/stock/quote/COUP?cid=CS-YOUTUBE-FT-VID Salesforce: https://www.zacks.com/stock/quote/CRM?cid=CS-YOUTUBE-FT-VID Guidewire Software: https://www.zacks.com/stock/quote/GWRE?cid=CS-YOUTUBE-FT-VID Ambarella: https://www.zacks.com/stock/quote/AMBA?cid=CS-YOUTUBE-FT-VID Ciena: https://www.zacks.com/stock/quote/CIEN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
European stocks gave up early gains on Monday, as investors weighed the prospect that the world’s biggest central banks would keep interest rates higher for longer to curb inflation. The region-wide Stoxx 600 traded flat while France’s Cac 40 eased 0.2 per cent. Trading activity was more muted as US markets are closed for Presidents’
Yandex, the largest Russian search engine, has updated its currency converter, adding cryptocurrencies. The widget now shows the rates of these coins in a number of fiat currencies, with plans to introduce crypto-to-crypto pairs in the future as well. Yandex Integrates Leading Cryptocurrencies Into Its Currency Converter Users of Russia’s leading search engine, Yandex, can
Good morning. There are decades when nothing happens. Then there are weeks when decades happen. With unerring timing, my holiday happened to coincide with one of those weeks. My apologies (and thanks!) to Jude, Jen, Miranda, Robert, Chris, Lukanyo, and George for filling in with such aplomb. Some thoughts on some of the aftershocks in
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse
Bitcoin (BTC) starts the last week of February in a volatile mood as a crucial area of resistance fails to break. After a classic “fakeout” during low-volume weekend trading, BTC/USD is back below $25,000 with bulls still lacking momentum. The largest cryptocurrency saw what looked like the next stage of its 2023 recovery last week,
Good morning. It was a busy weekend in Munich as the world’s defence and security community digested almost a year of horrendous war in Ukraine, an increasingly tense US-China relationship and three ballistic missile tests by North Korea. What a time to be alive. Plus, Poland’s president Andrzej Duda used an interview with the FT’s
A shortage of construction workers is putting at risk the Biden administration’s ambitious plan to fuel a historic building boom in the US, according to industry executives. The construction sector could be short of as many as half a million workers this year, according to the Associated Builders and Contractors, an industry group, increasing project
A hedge fund that was one of the highest profile victims of the FTX scandal when half its assets were trapped on the collapsed cryptocurrency exchange has decided to close and return its remaining money to investors. Galois Capital, which last year had been managing around $200mn in assets and was one of the biggest
Would it be better to be a chief executive who is accountable to Steve Schwarzman instead of Nelson Peltz? Schwartzman is the founder of the private equity juggernaut Blackstone which has made its name taking companies private in leveraged buyouts. Peltz’s Trian Partners, on the other hand, is known for activist campaigns at public companies.
It is not often that a Pulitzer Prize-winning dramatist gives the keynote speech at a competition policy conference. But last week in Washington, I introduced PEN America president Ayad Akhtar before he gave the lunchtime address at a conference on monopoly policy sponsored by the Open Markets Institute. The pairing wasn’t as random as it
Jaime Puerta remembers the last night his life felt normal. He had dinner with his son Daniel and they joked around while flicking through old family photographs. The next morning, the former marine found Daniel unconscious on his bed with ashen skin and a blue tint on his lips. What looked like half a tablet
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. Russia’s Monetary Authority to Trial Actual Settlements With Digital
South Korea’s “Kimchi premium” has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korean dish kimchi. The Kimchi premium refers to when the price of Bitcoin (BTC) trades higher on South Korean exchanges than in other markets. According
The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS
In May 2021, a group of Chinese banks agreed to lend $300mn to investment bank China Renaissance with a condition: if Bao Fan, the company’s well-known founder, ceased to be its largest shareholder or was no longer chair of the board they could demand early repayment. Nearly two years later, lawyers may soon be poring