Category: Government
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UK Government injects £800M to enhance broadband for 300,000 rural homes
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The UK government has announced a major investment of £800 million to upgrade broadband infrastructure for 312,000 rural homes and businesses across England, Scotland and Wales. The initiative is part of a wider strategy to achieve full gigabit broadband coverage across the UK by 2030, targeting areas that have been…
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British Steel nears £600m Government bailout as Labour signals intent to break deadlock
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The UK government is close to approving a £600m bailout for British Steel, with the money set to be used to secure the future of the company’s Scunthorpe plant. The move comes as Labour has shown renewed determination to resolve long-standing issues with Chinese company Jinji, owner of British Steel,…
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UK Government cancels £1.3 billion AI and tech funding amid economic tightening
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In a major policy shift, the UK government has cancelled £1.3bn in funding for research and development into artificial intelligence and technology, as part of wider efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to boost the UK’s position as a global…
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Government scheme boosts UK chip start-ups with £10 million funding injection
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The UK government’s ChipStart programme has enabled semiconductor start-ups to secure over £10m in private investment and grants, with nearly £20m in total commitments. This initiative works to promote innovation in various fields, from the efficiency of artificial intelligence to advanced healthcare technologies. Eleven semiconductor start-ups have joined the second…
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Australia struggling to improve Indigenous livelihoods, government report shows By Reuters
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By Ringo Jose SYDNEY (Reuters) – Australia is struggling to improve the lives of its indigenous people with only five out of 19 measures on track to meet targets, a government report showed on Wednesday. Aboriginal and Torres Strait Islander people make up 3.6 per cent of Australia’s population of…
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Is The US Government Now The Biggest Threat?
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Bitcoin appears to be volatile at spot market prices, judging by the formation on the daily chart. The surge in spot prices has sent the world’s most valuable cryptocurrency up by about 30%, rising from $53,500 to around $70,000 over the weekend. Gox Mountain Disappears, a Relief for Bitcoin With…
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Is The US Government Now The Biggest Threat?
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Bitcoin appears to be volatile at spot market prices, judging by the formation on the daily chart. The surge in spot prices has sent the world’s most valuable cryptocurrency up by about 30%, rising from $53,500 to around $70,000 over the weekend. Gox Mountain Disappears, a Relief for Bitcoin With…
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Labour government presses ahead with non-dom tax reforms
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Non-residents hoping for changes or delays to the new Labour government’s reforms will be disappointed by the UK Treasury’s policy paper released yesterday, according to leading audit, tax and business advisory firm Blick Rothenberg. “Non-residents calling for changes or a delay to the Conservative government’s original proposals will be disappointed,…
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UK’s new Treasury chief says previous government ‘covered up’ financial turmoil ahead of election
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Danica Kirka Published on July 29, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LONDON (AP) — Britain’s new Chancellor of the…
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Stellantis triggers government scrutiny with Comau stake sale By Reuters
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MILAN (Reuters) – Automaker Stellantis will sell a majority stake in its robotics unit Comao to OneEquity Partners, the three companies said in a statement on Thursday, in a move aimed at supporting Comao’s expansion beyond the automotive sector. Financial details of the deal were not disclosed, but US private…
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U.S. Government Liquidates Seized Bitcoin Worth $4 Million Through Coinbase
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The US government has once again made headlines in the cryptocurrency market, this time by initiating the transfer of US funds from Coinbase in the form of a large amount of confiscated Bitcoin (BTC) to the prominent digital asset exchange. According to data tracked by blockchain analytics firm Arkham IntelligenceThe…
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U.S. Government Liquidates Seized Bitcoin Worth $4 Million Through Coinbase
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The US government has once again made headlines in the cryptocurrency market, this time by initiating the transfer of US funds from Coinbase in the form of a large amount of confiscated Bitcoin (BTC) to the prominent digital asset exchange. According to data tracked by blockchain analytics firm Arkham IntelligenceThe…
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UK Government Invests £103 Million in Green Aerospace Technology
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Business and Trade Secretary Jonathan Reynolds has announced more than £100 million of government and industry funding to support pioneering green aviation technology projects, kicking off the Farnborough Airshow 2024. This initiative confirms the government’s commitment to supporting the aviation and advanced manufacturing sector as part of its new industrial…
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Japan finance minister Suzuki scolds government minister speaking about markets
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ICYMI: The German Government Is Not The Only Entity Selling Bitcoin
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Over the past month, the cryptocurrency space has been abuzz with reports that the German government has been selling off large amounts of Bitcoin. These sales have had a negative impact on the price of Bitcoin, as well as the broader cryptocurrency market, sending the entire market into a tailspin.…
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ICYMI: The German Government Is Not The Only Entity Selling Bitcoin
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Over the past month, the cryptocurrency space has been abuzz with reports that the German government has been selling off large amounts of Bitcoin. These sales have had a negative impact on the price of Bitcoin, as well as the broader cryptocurrency market, sending the entire market into a tailspin.…
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The German Government Has Run Out Of Bitcoin
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Germany’s on-chain Bitcoin wallet balance has officially hit zero, according to Arkham Intelligence, meaning selling pressure from the European economic powerhouse is likely at or near its end. The recent wallet outflows put an end to the bearish narrative that has been plaguing the crypto market for weeks, at a…
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German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind
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In recent weeks, German authorities have stepped up their measures. sale Large amounts of Bitcoin (BTC) have fallen, adding to selling pressure on the world’s largest cryptocurrency, which has fallen more than 20% in the past month. Bitcoin reserves are about to run out The selloff began last month when…
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ADM names 3M’s Patolawala as its CFO amid US government investigation By Reuters
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Manufacturing giant 3M said Wednesday that Chief Financial Officer Monish Batulawalla will leave the company at the end of this month, before moving to Archer Daniels Midland as the grain trading company’s new chief financial officer. The company said on Wednesday that Batolawala’s appointment as CEO will take effect on…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…