Author: bitlyfool
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Royal Caribbean to hire thousands to keep up with record cruise demand – report
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Solar737/iStock Editorial via Getty Images Royal Caribbean (New York Stock Exchange: RCLThe company is in talks with tourism boards and port operators around the world to hire thousands of people as it faces record demand for cruises, Reuters reported. The cruise operator plans to hire about 10,000 workers this year…
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Dollar gains ground; subdued yen prompts Japan warning By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar remained steady on Wednesday, offsetting some losses resulting from renewed bets on a cut in interest rates by the Federal Reserve (US central bank) this year, while the yen fell for a third day, raising investors’ concerns about the risk of…
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DOGE, SOL, AVAX Keep Plummeting as BTC Slumps Toward $62K (Market Watch)
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Bitcoin’s positive price movements at the start of the business week were short-lived as the asset has lost over $3,000 since then and is now struggling to stay above $62,000. Altcoins are not in better shape, with DOGE, SOL, and AVAX down 5% or more in the past 24 hours.…
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London has 227,000 millionaires: More than Paris, but less than New York, and the figure is dropping
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The streets of London may not be paved with gold, but there is clearly still a lot of it around. One in 39 Londoners – or 227,000 people out of a population of 8.8 million – has at least $1 million in investable liquid wealth. According to to Report of…
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FX Watch: EUR/GBP to Make New May Highs Ahead of the BOE Event?
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The pound has lost points against the euro so far in May. While there are no headlines explaining the euro’s gains against sterling, traders may take into account concerns about growth in the UK and the improving outlook for growth in the euro zone. Traders who may have been pricing…
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SEC Takes Another Stab At Ripple In Its Final Brief: Details
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The SEC has filed a response summary of remedies in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing represents a pivotal moment in the lawsuit as it stands Final summary Before Judge Torres issues his ruling on remedies. The SEC provides a final summary as…
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SEZ companies get Sh1.9bn tax incentives in nine years
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Companies operating in Kenya’s Special Economic Zones (SEZ) have been exempted from paying Sh1.98 billion in taxes and other fees in the nine years to 2023, Parliament has been told. Incentives include protection from corporate tax, withholding taxes, and value-added tax, and are offered to developers and companies in special…
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GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision
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Basic overview The US dollar has weakened across the board recently due to a more dovish than expected FOMC decision last week as the Fed decided to signal a further tapering of the QT period starting in June and Fed Chairman Powell repeatedly rejected expectations of a rate hike. Furthermore,…
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Going Bankless: Bitcoin Offers The Ultimate Financial Freedom
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It is often said that Bitcoin allows anyone to be their own bank. If you know anything about the Bitcoin ethos and the underlying technology, you’ve probably heard of this concept before. But do you know exactly how that works and why Bitcoin is more suitable as a store of…
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Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand
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Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars. Although overall UK vehicle registrations increased by 1% year-on-year to 134,000 in April, driven by fleet sales, sales to private…
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BMW says costs, low used car prices to weigh on 2024 pre-tax profit By Reuters
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Written by Andrei Sychev and Nick Carey BERLIN (Reuters) – BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices also contributing to the decline. The Munich-based automaker reported a decline…
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DOT Price (Polkadot) Reaches Key Juncture, Is This Bulls Trap or Correction?
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Polkadot (DOT) is correcting gains from the $7.5 resistance level against the US dollar. The price could start another rise if it remains above the $6.75 support level. DOT gained pace and tested the $7.5 resistance level against the US dollar. The price is trading above the $7.00 area and…
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Australia Eyes Unreported Crypto Transactions: Taxman Targets 1.2 Million Accounts
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The Australian Tax Office (ATO) has requested personal data and transaction details from cryptocurrency exchanges for up to 1.2 million accounts to crack down on potential tax evaders, Reuters reported. The move represents a major escalation in the ATO’s efforts to ensure compliance in the rapidly expanding cryptocurrency market. Overseeing…
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Revolut Enters The Crypto Exchange Arena By Launching Revolut X; UK’s Newest Digital Asset Trading Platform
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Image from Coin Journal In the rapidly evolving world of digital finance, the emergence of dedicated cryptocurrency exchanges has become an important trend, as traditional financial institutions increasingly embrace the potential of this thriving market. One such player that has recently made its foray into the cryptocurrency exchange scene is…
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Akamai to buy Israeli API security co Noname for $450m
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US company Akamai Technologies (Nasdaq: AKAM) announced that it has entered into a definitive agreement to acquire an Israeli application programming interface (API) security company. Security without a name. Akamai will pay $450 million for Noname, 55% less than the $1 billion valuation it received in its last funding round…
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Asia FX weakens, dollar firms as markets rethink rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday, while the dollar rose on comments from Federal Reserve officials that made markets rethink their expectations for a U.S. interest rate cut. The Japanese yen’s performance remained weak among its peers, falling against the dollar even as government officials continued their warnings…
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Starknet Foundation launches $5m grant program
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The Starknet Foundation announced the launch of a $5 million grant program for 200 cryptocurrency project teams. According to the Starknet Foundation team, this initiative aims to provide 200 cryptocurrency project teams with up to $25,000 USDC in funding to accelerate the growth of the Starknet ecosystem. Introducing the Starknet…
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US paused shipment of weapons to Israel to head off Rafah invasion-official By Reuters
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Written by Mike Stone, Steve Holland and Phil Stewart WASHINGTON (Reuters) – The administration of US President Joe Biden halted an arms shipment to Israel last week in objection to apparent moves by the Israelis to invade the city of Rafah in the southern Gaza Strip, a senior US administration…
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Daily Broad Market Recap – May 7, 2024
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The absence of new major market themes encouraged the asset’s price action on Tuesday. What major assets saw volatility and how did the US dollar trade on a data-light trading day? Titles: The Reserve Bank of Australia kept interest rates unchanged At 4.35%, he noted that the interest rate path…
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SEC Chair Blames Journalists For Asking Him About Crypto So Much
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One of the government’s most powerful enemies in crypto believes journalists are questioning him about the booming asset class too much. SEC Chairman Gary Gensler appeared in a nine-minute interview with CNBC on Wednesday and blamed the host for asking such a “large percentage” of questions focused on cryptocurrencies. Gensler…