Commercial seafarers might be the workforce that people rely on the most but think about the least. The vast majority of goods traded around the world are transported on ships. Capitalism wouldn’t work without the almost 2mn people who work on them. But it seems to take a lot for them to get noticed. When
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When Saudi Prince Khaled bin Sultan al-Saud went shopping for a private jet in 2016, his Swiss wealth advisers pulled together a list of assets to secure financing that included the crown jewel of his family fortune — a 40-room mansion they described as the “London Palace”.  That 205-year-old house in Regent’s Park, also known
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The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors,” the SEC alleged. SEC’s ‘Emergency Action’ Against
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Abu Dhabi National Oil Company’s potential acquisition of Gunvor, the energy trading house, has reached an impasse due to disagreements over the deal’s size, people familiar with the negotiations said. While Adnoc had hoped to acquire all of Gunvor, or a majority stake, the commodity trader’s chief executive Torbjörn Törnqvist is unwilling to yield control
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United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site.  In March 6 statement, TeraWulf said the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin (BTC) mining facility, meaning it uses energy directly at the generation site without traveling
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Billionaire Mark Mobius, founder of Mobius Capital Partners, says he cannot take his money out of HSBC in Shanghai, China. Citing severe capital control by the Chinese government, he stressed: “It’s crazy … They’re putting all kinds of barriers.” Mark Mobius Has Trouble Getting His Money Out of HSBC in China The founder of Mobius
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Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will solidify in three years. Ripple
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In this article KEY NSC WW Follow your favorite stocksCREATE FREE ACCOUNT Source: Weight Watchers Check out the companies making headlines after hours. WW International — Shares jumped more than 6% after WW International, also known as WeightWatchers, said it’s acquiring Sequence, a subscription telehealth platform with a focus on chronic weight management, for a
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Labour is to review the UK business tax regime as part of efforts to make Britain the fastest-growing economy in the G7, shadow chancellor Rachel Reeves will announce on Tuesday. Reeves, giving a speech in London to the annual conference of Make UK, the trade body for Britain’s manufacturers, will say the review is intended
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Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuit (ASIC) bitcoin miners are now online, and another 8,000 mining
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Economic indicators did little to move fixed-income Monday as municipals were slightly firmer to start off the week, while U.S. Treasuries were a little weaker. Equities ended mixed. Tuesday and Wednesday will bring testimony from Federal Reserve Board Chair Jerome Powell and Friday will see the release of the February employment report. The market will
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Unsteady leadership has challenged the financial stability of Wellfleet, Massachusetts, according to a state review of the town’s financial management that was recently made public. High turnover rates in key government positions over the last decade left the Cape Cod town of 4,035 without sustainable revenue streams and in need of fundamental reforms, the Division
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