Category: National
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First Bitcoin Fund Launched By National Bank Of Bahrain
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The National Bank of Bahrain (NBB) announced on Monday the launch of its first regulated Bitcoin-linked investment fund. The product, developed in partnership with digital asset company ARP Digital, is specifically designed for institutional investors in the GCC region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United…
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UK risks losing AI leadership without a national data strategy, experts warn
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The UK risks losing its leadership position in artificial intelligence (AI) without a clear national data center strategy, a major player in the sector has warned. Data centers, essential for running cloud computing and artificial intelligence applications, are becoming central to the digital economy. However, without a coherent plan, the…
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Eyes on Senate as National Assembly sets stage for DP Gachagua impeachment
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The way has been paved for the sacking of Vice President Rigate Gachagwa in the National Assembly after Parliament Speaker Musa Wetangula approved the motion seeking to oust the second-in-command from the lucrative position. From the beginning when Mr Wetang’ula began his message on receipt of the dismissal motion from…
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National Insurance on employer pension contributions could raise billions for Treasury coffers
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The introduction of national insurance on employer contributions to pensions could generate billions for the Treasury, according to Sir Steve Webb, the former pensions minister. Webb, now a partner at LCP, points out that this reform could raise up to £16bn net a year and could be the most likely…
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Omtatah seeks to block new national health cover plan
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Busia Senator Okiya Umtatah and two others have moved to court seeking to block the implementation of the Social Health Insurance Fund (SHIF) before its launch today. Mr Umtatah argues with Mr Eliud Karanja Matindi and Dr Magari Jikini that the subsidiary legislation required to operationalize the Social Health Insurance…
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Swiss National Bank Cuts Interest Rate to 1.00%
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The Swiss National Bank (SNB) announced a 25 basis point interest rate cut on Thursday 26 September 2024, to 1.00% as was widely expected. This marks the third consecutive interest rate cut by the central bank, which also indicated that further cuts may be necessary in the coming quarters to…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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Exclusive-US warned Nippon its US Steel bid poses a national security risk, sources say By Reuters
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By Alexandra Alper and David Shepardson WASHINGTON (Reuters) – The Biden administration told Nippon Steel Corp in a letter on Saturday that its $14.9 billion takeover of U.S. Steel would pose a national security risk by hurting the U.S. steel industry, three people said, adding to evidence that the United…
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Pakistan suffers snail-speed internet with some accusing government of setting up national firewall
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Babar Duggar Published on August 19, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LAHORE, Pakistan (AP) — People in Pakistan have…
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Inside Mbadi’s in-tray as he takes over at National Treasury
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As new Treasury Secretary John Mbadi took office hours after being sworn in at State House in Nairobi, focus has shifted to a series of promises he made during his vetting process. Among the pledges Mr Mbadi made when he confirmed his approval of the loan last Saturday were promises…
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Donald Trump’s Proposal For A National Bitcoin Stockpile Faces Backlash From Prosecutors
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In a long-awaited move that has angered crypto investors, former President Donald Trump has proposed creating a national reserve of bitcoin if he is re-elected to the White House in November 2024. Trump’s Plan to Create National Bitcoin Reserve Faces Backlash At the Bitcoin 2024 conference on July 27, Trump…
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Donald Trump’s Proposal For A National Bitcoin Stockpile Faces Backlash From Prosecutors
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In a long-awaited move that has angered crypto investors, former President Donald Trump has proposed creating a national reserve of bitcoin if he is re-elected to the White House in November 2024. Trump’s Plan to Create National Bitcoin Reserve Faces Backlash At the Bitcoin 2024 conference on July 27, Trump…
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Tesla registers insurance brokerage in China, national corporate database shows By Reuters
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BEIJING (Reuters) – Tesla Inc registered an insurance brokerage firm in China in late July, according to a national enterprise information database, in a sign the U.S. automaker may be trying again to win approval to sell insurance products in the country. The new company, located in Beijing’s central business…
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Jasper National Park fire forced 25,000 to flee to safety
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A fast-moving wildfire in the Canadian Rockies that has forced 25,000 people to flee raged through the nearly deserted town of Jasper overnight, officials said Thursday, with flames rising above treetops and destroying up to half of its structures. There were no immediate reports of injuries, after a mass evacuation…
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National Treasury Reserve Push Sparks $1 Million Projections
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There has been a lot of talk about Bitcoin (BTC) lately. One well-known cryptocurrency expert, Andrew Kang, even said that Bitcoin could become a national asset. Cryptocurrency This interesting idea is causing a stir in the community, with people talking about how it will impact the entire world and setting…
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National Treasury Reserve Push Sparks $1 Million Projections
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There has been a lot of talk about Bitcoin (BTC) lately. One well-known cryptocurrency expert, Andrew Kang, even said that Bitcoin could become a national asset. Cryptocurrency This interesting idea is causing a stir in the community, with people talking about how it will impact the entire world and setting…
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Republican National Committee pledges to ‘defend the right to mine Bitcoin’
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The Republican National Committee (RNC) just endorsed a platform that plans to promote cryptocurrency mining and oppose the creation of a central bank digital currency. The Republican National Committee, led by Michael Whatley and Donald Trump’s daughter-in-law Lara Trump, has officially adopted its election platform, which includes a section on…