Author: Investor Empires
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Austrian heiress Marlene Engelhorn just wrote away her $27 million fortune
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When Marilyn Engelhorn reached her multi-million dollar fortune, she wasn’t sure what to do about it. Her fortune, which she inherited from the founder of German chemical company BASF Friedrich Engelhorn, also conflicted with some of the causes she led, such as Such as TaxMeNowa group aimed at combating wealth…
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Dollar struggles for direction, sterling rises after data By Reuters
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Written by Ray Wee and Stefano Ribaudo (Reuters) – The dollar stabilized on Wednesday, as weak US economic data affected strengthening US bets on lowering interest rates, but political tensions in Europe provided some support by weakening the euro. Meanwhile, the pound rose after data showed that services inflation in…
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Brett (BRETT) Flips Bonk Inu (BONK) After a 15% Daily Surge: Details
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Turkish lire; Dr The cryptocurrency market has rebounded, with major coins such as Ethereum, Solana, and Cardano seeing gains. Frog-themed token BRETT has risen more than 15%, supported by new exchange listings, and now ranks as the sixth largest coin in its category. Climb the crypto ladder The cryptocurrency sector…
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Winners and losers in President Ruto tax trade-off plan
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MPs have proposed an increase in fuel, import and railway development duties as well as an increase in tariffs on gambling to compensate for the abandonment of a range of controversial taxes on bread and cars in this year’s Finance Bill. The National Assembly Finance and Planning Committee’s proposal will…
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How has the BOE rates pricing changed after the inflation data today?
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Let’s just do a quick check of things based on current prices: August – 25 basis point rate cut: ~32% (previously ~46%) September – 25 basis points rate cut: ~80% (previously ~88%) Total interest rate cuts for the remainder of 2024: ~44 basis points (previously ~48 basis points) Prospects of…
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Ethereum Wins As US SEC Ends Securities Investigation
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The cryptocurrency industry received a major jolt of clarity and optimism as the US Securities and Exchange Commission (SEC) concluded its investigation into Ethereum 2.0, announcing that it would not be taking any enforcement actions. This decision represents an important victory for Ethereum and could serve as a critical reference…
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Ethereum Wins As US SEC Ends Securities Investigation
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The cryptocurrency industry received a major jolt of clarity and optimism as the US Securities and Exchange Commission (SEC) concluded its investigation into Ethereum 2.0, announcing that it would not be taking any enforcement actions. This decision represents an important victory for Ethereum and could serve as a critical reference…
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Biffa Sues Scottish Ministers for £200m Over Failed Bottle Deposit Scheme
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Biffa Waste Services Ltd has launched legal action to recover nearly £200 million from Scottish ministers, citing significant losses from investment in the government’s aborted bottle recycling scheme. The company’s legal team brought suit in the Court of Session, Scotland’s highest civil court, seeking to recover a £150m loss incurred…
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London stocks wobble after drop in services inflation By Reuters
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(Reuters) – British stocks fell on Wednesday as investors manipulated headline inflation in Britain to hit the Bank of England’s target against lower service price inflation, while Vodafone’s (NASDAQ:) gains limited losses. By 7:06 GMT, the leading stock fell 0.2% to 8,172.5 points, while the average stock fell 0.2% to…
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This Is The Biggest Issue With Altcoins This Cycle: Crypto Analyst
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in string On Speaking to his massive following, Deutscher explained the impact of the rapid increase in the number of new cryptocurrency tokens, a problem he believes lies at the heart of altcoins’ poor performance this cycle. The spread of encryption Since April 2024, the cryptocurrency landscape has seen the…
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This Is The Biggest Issue With Altcoins This Cycle: Crypto Analyst
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in string On Speaking to his massive following, Deutscher explained the impact of the rapid increase in the number of new cryptocurrency tokens, a problem he believes lies at the heart of altcoins’ poor performance this cycle. The spread of encryption Since April 2024, the cryptocurrency landscape has seen the…
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Europe’s Gas Traders Are Watching These Five Drivers This Summer
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Breadcrumb links BMN Business Summer used to be a slow season for the gas market in Europe, but for the third year in a row, it has become tense. Article writer: Bloomberg News Anna Shiraevskaya Posted on June 19, 2024 • 3 minutes read You can save this article by…
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Sterling edges up after UK inflation data By Reuters
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(Reuters) – The pound sterling rose slightly against the euro and the dollar after data showed British inflation returned to the Bank of England’s 2% target level in May for the first time in nearly three years. The decline in annual consumer price inflation from April’s reading of 2.3% is…
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Transak to integrate PayPal’s stablecoin on platform
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Transak has announced the listing of PayPal’s stablecoin, PayPal USD (PYUSD), on its platform. Transak users can now buy PYUSD using their preferred local payment methods. This integration was a strategic move aimed at overcoming the fundamental challenge of broader cryptocurrency adoption – the conversion of traditional currencies to cryptocurrencies.…
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Rapyd to lay off 30 and replace them overseas
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Israeli digital payments company quickly The company is laying off 30 employees, representing about 4% of its 790-employee workforce. Most of those fired are programmers, according to a source familiar with the details. Those who are fired will be replaced by teams in Eastern Europe, South Africa and elsewhere where…
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Chart Art: Is WTI Crude Oil (USOIL) in for a Long-Term Reversal?
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I see a chart formation indicating a reversal in the downtrend for WTI. How far can he go from here? West Texas Intermediate (USOIL) 4 hours Chart by TradingView This energy commodity has been on a sell-off since mid-April, with the market’s lack of focus on geopolitical tensions likely causing…
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This Crypto Investor Lost Nearly $4M in Ethereum (ETH) to Armed Robbers
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A London-based cryptocurrency investor lost almost all of his digital asset investments to armed robbers after being physically attacked at his home. And X mail The victim, named as Ram, revealed that the three robbers were armed with machetes and forced him to transfer all his cryptocurrencies to certain accounts.…
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This Crypto Investor Lost Nearly $4M in Ethereum (ETH) to Armed Robbers
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A London-based cryptocurrency investor lost almost all of his digital asset investments to armed robbers after being physically attacked at his home. And X mail The victim, named as Ram, revealed that the three robbers were armed with machetes and forced him to transfer all his cryptocurrencies to certain accounts.…
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UK inflation the main highlight of the agenda today
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The major currencies look somewhat calm, and that is understandable. Today will be a placeholder trading day due to it being a holiday in the US. This makes the week a bit strange, as we have a break in the middle. The dollar remains more mixed overall during the week,…