Category: Loses
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Kanu loses KICC land ownership fight
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Plans by former ruling party Kenya African National Union (KANU) to reclaim the Kenyatta International Conference Center (KICC) have been dealt a blow after a judge ruled that it illegally obtained title to the land where the building is located. Justice Jacqueline Mugenyi also ruled that the land was not…
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Dollar loses some ground ahead of key global inflation readings By Reuters
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By Ray Wee SINGAPORE (Reuters) – The dollar fell on Tuesday on a slight rise in risk appetite, but remained in narrow ranges against peers ahead of key inflation data from major economies this week that may guide global interest rate expectations. The euro rose 0.16 percent to $1.0877 despite…
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Carrefour loses appeal in abuse of buyer power case
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The Supreme Court has upheld a decision convicting retailer Majid Al Futtaim Hypermarkets Limited, operating under the name Carrefour, of abuse of buyer power. Judge Anne Onjejo ruled that the retail chain’s conduct against its supplier Orchards Ltd, a yoghurt producer (which has since gone out of business), was exploitative.…
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Budget boss loses fight to gain access to county accounts
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The budget comptroller lost his attempt to monitor counties’ bank accounts in real time, derailing efforts to tame irregularities that have cast a shadow over how devolved units pay contractors and other bills. The matter, which pits the Office of the Comptroller of Budget against the Treasury, the Central Bank…
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Idan Ofer again loses on EVs
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Electric cars have become very popular in Israel, with a flood of Chinese brands hitting the market. One in five cars sold in Israel last year was electric. However, power producer OPC, 55% owned by Idan Ofer’s Kenon Holdings (TASE: KEN), has not derived much joy from the additional area…
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Crypto user loses $69.3m to address poisoning scammer
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Cryptocurrency scammers have successfully stolen a whopping 1,155 bitcoins wrapped using a technique that tricks users into making malicious transactions. According to the blockchain security provider certec, a cryptocurrency user lost over $69.3 million worth of encrypted Bitcoin (WBTC) due to an address poisoning attack on May 3. Initially, the…
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Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die”
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One analyst pointed out how Bitcoin recently closed below a historically important on-chain level, which failure to reclaim could spell trouble for Bitcoin. Bitcoin fell below its short-term holder cost basis in the recent crash In new mail At “Price Realized” here refers to an on-chain indicator that tracks the…