Category: Global
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Bitcoin Price Skyrockets To $66,000 Amid Global IT Outage
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Bitcoin price quickly recovered from its recent drop to a six-month low of $53,500 on July 5, reclaiming the $66,000 level and focusing on retesting it. All time high From $73,700 reached in March. The recovery comes as major airlines, medical facilities, businesses and police forces around the world struggle…
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Bitcoin Price Skyrockets To $66,000 Amid Global IT Outage
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Bitcoin price quickly recovered from its recent drop to a six-month low of $53,500 on July 5, reclaiming the $66,000 level and focusing on retesting it. All time high From $73,700 reached in March. The recovery comes as major airlines, medical facilities, businesses and police forces around the world struggle…
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CrowdStrike update that caused global outage likely skipped checks, experts say By Reuters
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Written by Ziba Siddiqui SAN FRANCISCO (Reuters) – A routine update by CrowdStrike Inc (NASDAQ: CST) to its widely used cybersecurity software that caused its clients’ computer systems to crash worldwide on Friday did not appear to have undergone adequate quality checks before it was deployed, security experts said. The…
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CEO at cybersecurity firm that caused a global outage forgot to apologize
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CrowdStrike Holdings Inc. CEO George Kurtz co-authored the article book It’s often referred to as the bible of computer security. But when it comes to crisis management, it stands on shakier ground. in mail On social media platform X early Friday morning about a failed software update. has crashed Speaking…
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Global Market Weekly Recap: July 15 – 19, 2024
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Market correlations were a bit mixed this week, suggesting that major assets were mostly moving to their own rhythms. Traders were also likely struggling to balance different themes and stories, including mixed interest rate cut speeches from Fed members, weaker-than-expected global economic activity data, and geopolitical headlines. US stock indices…
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Dow slips in wake of global outage
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U.S. stocks fell on Friday as concerns about a global IT outage eased, with Wall Street looking to recover from a selloff that saw the Dow Jones Industrial Average snap a winning streak and technology stocks continue to slide. The Dow Jones Industrial Average (^DJI) fell 0.2%, after the blue-chip…
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How skills arbitrage can cure global labour woes
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The world today faces a strange dilemma where some countries suffer from a shortage of talent, while others struggle to generate enough jobs for their young people. The solution lies in the economic geography of skill arbitrage. To understand more deeply the geo-economic tool known as “skill arbitrage”, let us…
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Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%
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Global cryptocurrency trading volume is expected to exceed $108 trillion this year, reflecting an increase of about 90% compared to 2022, according to CoinWire. Europe has taken the lead in this growing market, accounting for 37.32% of the total cryptocurrency transaction value, and is expected to see a 2.7-fold increase…
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Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%
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Global cryptocurrency trading volume is expected to exceed $108 trillion this year, reflecting an increase of about 90% compared to 2022, according to CoinWire. Europe has taken the lead in this growing market, accounting for 37.32% of the total cryptocurrency transaction value, and is expected to see a 2.7-fold increase…
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Cyprus Leads Global Charge Against Crypto-Enabled Terrorist Financing
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In a bold move to combat the growing threat of terrorist groups exploiting cryptocurrencies for illicit financing, Cyprus has emerged as a global leader in combating terrorist financing using cryptocurrencies. Recognizing the unique challenges posed by the decentralized and anonymous nature of digital assets, the Cypriot government, in collaboration with…
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Global Market Weekly Recap: July 8 – 12, 2024
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Market correlations were mixed at the start of the week, before sentiment finally settled a few days later. Although Fed Chair Powell’s speeches and US CPI data prompted some riskier flows mid-week, commodities and equities were also driven by individual catalysts. Major currencies also had plenty to work with, with…
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Intuit shares slip as company plans to lay off 10% of global workforce By Investing.com
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(Updated – July 10, 2024 at 9:15 AM EST) gut instinct Nasdaq Inc. (NASDAQ:NASDAQ) plans to lay off about 1,800 employees worldwide, or 10% of its workforce, according to a news release Wednesday. The move is not intended to cut costs, according to the announcement. The company’s shares fell 1.8%…
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Global report blames limited financing for Kenyan start-up woes
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Limited access to finance, as well as inadequate infrastructure, are among the key factors holding back Kenya’s startup ecosystem, a new survey has found. The latest Global Startup Ecosystem Index 2024 report published by industry think tank StartupBlink indicates that most startups in Kenya also cited lack of mentorship as…
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Labour to attract global investors at early October summit
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Sir Keir Starmer is due to present Labour’s investment agenda to global financial leaders at a conference in early October, aiming to attract tens of billions of dollars in foreign capital. The summit, scheduled for around October 8, is in line with Labour’s pledge to host the event within 100…
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AmTrust to invest for 15% stake in weSure Global Tech
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US insurance and financial giant AmTrust is investing NIS 72.6 million in Israeli digital insurance company weSure Global Tech (TASE: WESR), at a price well above the current market price. The two sides signed a “significant private placement agreement.” weSure also controls Israeli traditional insurance company Ayalon. Following the announcement,…
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HashKey Global Announces 3rd Lock to Earn Launch With XRADERS (XR)
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(Press Release – Hamilton, Bermuda, July 8, 2024) Hashki InternationalThe leading cryptocurrency exchange licensed under the HashKey Group is pleased to announce the listing of XRADERS (XR). Deposits will open on July 8, 2024, 10:00 (UTC), with spot XR/USDT trading starting on July 11, 2024, 8:00 (UTC), and withdrawals will…
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HashKey Global Announces 3rd Lock to Earn Launch With XRADERS (XR)
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(Press Release – Hamilton, Bermuda, July 8, 2024) Hashki InternationalThe leading cryptocurrency exchange licensed under the HashKey Group is pleased to announce the listing of XRADERS (XR). Deposits will open on July 8, 2024, 10:00 (UTC), with spot XR/USDT trading starting on July 11, 2024, 8:00 (UTC), and withdrawals will…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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France’s political chaos signals weak government and lower global profile
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France appears to be heading toward political instability after a surprise victory by a left-wing coalition in legislative elections on Sunday, leaving no party able to claim the majority needed to govern. The New Popular Front party — which includes the Socialists and the far-left La France Insoumise — is…