Category: official
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UK Funds Risk Tax Hit for Underinvesting at Home, Official Warns
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Breadcrumb links BMN Business The UK could claw back pension tax breaks from asset managers who fail to invest adequately domestically, the head of the British Business Bank said in a warning about the risks the industry faces as the government seeks to implement a major growth initiative. Article writer:…
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Bitcoin Gains VanEck’s Official Support as a Strategic Reserve
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The first cryptocurrency has found another ally in the traditional financial sector after a respected global investment firm confirmed its support for making it Bitcoin Strategic reserve. The backing of VanEck, a respected name in the investment sector, in Bitcoin shows the currency’s growing appeal even to traditional financial players,…
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20-year election official debunks ‘dangerous myths’ about the U.S. electoral process
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Local officials play a leading role in managing elections in our country. Overall, they are trusted because they understand their communities and how best to serve their constituents. However, bad faith actors and conspiracy theorists are increasingly spreading dangerous myths about election officials and how elections are conducted. This made…
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20-year election official debunks ‘dangerous myths’ about the U.S. electoral process
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Local officials play a leading role in managing elections in our country. Overall, they are trusted because they understand their communities and how best to serve their constituents. However, bad faith actors and conspiracy theorists are increasingly spreading dangerous myths about election officials and how elections are conducted. This made…
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Red tape risks turning city into ‘graveyard’, warns Bank of England official
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Sam Woods, chief executive of the Bank of England’s Prudential Regulation Authority, warned that excessive regulation could turn the City of London into a “graveyard” by stifling innovation and risk-taking. Speaking at the city’s annual banquet at the Mansion House, Woods warned that although financial regulation is essential for stability,…
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Elon Musk branded ‘promoter of evil’ by top EU official in clash over online moderation
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In a sharp escalation of tensions between Brussels and Elon Musk, a senior EU official, Vera Jourova, described the billionaire tech entrepreneur as a “monger of evil” over his handling of X, formerly known as Twitter. Jourova, who oversees European Union efforts against disinformation and hate speech online, accused Musk…
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Senior Israeli security official: Response to Iranian attack will be strong
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Senior Israeli security official: Response to Iranian attack will be strong
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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China Urged To Reevaluate Crypto Ban By Former Finance Official Amid US Policy Changes
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Amid growing debates surrounding the cryptocurrency regulation scene, a former senior official from China’s Ministry of Finance has urged the government to reconsider its strict ban on virtual assets. According to the South China Morning newspaper a reportZhou Guangyao, vice minister from 2010 to 2018, highlighted the importance of cryptocurrencies…
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China Urged To Reevaluate Crypto Ban By Former Finance Official Amid US Policy Changes
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Amid growing debates surrounding the cryptocurrency regulation scene, a former senior official from China’s Ministry of Finance has urged the government to reconsider its strict ban on virtual assets. According to the South China Morning newspaper a reportZhou Guangyao, vice minister from 2010 to 2018, highlighted the importance of cryptocurrencies…
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LayerZero becomes BitGo’s official interoperability protocol for WBTC
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BitGo has selected LayerZero as the official interoperability provider for the digital asset custody provider for the Wrapped Bitcoin token. On September 10, Layer Zero (ZRO) It was announced BitGo now uses LayerZero’s Omnichain Fungible Token standard for the crypto firm’s Wrapped Bitcoin (WBTC). Projects already taking advantage of OFT…
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LayerZero becomes BitGo’s official interoperability protocol for WBTC
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BitGo has selected LayerZero as the official interoperability provider for the digital asset custody provider for the Wrapped Bitcoin token. On September 10, Layer Zero (ZRO) It was announced BitGo now uses LayerZero’s Omnichain Fungible Token standard for the crypto firm’s Wrapped Bitcoin (WBTC). Projects already taking advantage of OFT…
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Boeing labor deal angers many union workers ahead of vote, official says By Reuters
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Written by Alison Lambert (Reuters) – A temporary labor contract agreed between Boeing Co (NYSE:BA) and one of its largest labor unions has angered many workers who had hoped for higher wage increases and better pensions, an official who negotiated the deal said on Monday. The International Association of Machinists…
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Brazil’s telecom regulator Anatel could revoke Starlink license, says official By Reuters
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(fix typo in second paragraph) Written by Ricardo Brito and Luciana Magalhaes BRASILIA/SAO PAULO (Reuters) – Brazil’s telecom regulator Anatel said on Monday it could impose sanctions on Starlink, the satellite internet provider controlled by Elon Musk, for failing to comply with the country’s rules and possibly revoke its license…
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Former Nevada official gets life sentence for murder of reporter By Reuters
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By Andrew Hay LAS VEGAS (Reuters) – A Las Vegas jury on Wednesday convicted a former elected official of killing an investigative journalist who wrote critical articles about him and sentenced him to life in prison with the possibility of parole after 20 years. Robert Tellis, a former Clark County…
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Russia, Ukraine set to swap 115 prisoners each, UAE official says By Reuters
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By Alexander Cornwell DUBAI (Reuters) – Russia and Ukraine are set to swap 115 prisoners each on Saturday after negotiations brokered by the United Arab Emirates, a UAE official said, in the first prisoner swap since Ukraine launched its offensive inside Russia this month. The Emirati official spoke on condition…
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Top Fed official says he’s open to a rate cut sooner rather than later amid slowing inflation
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Inflation is slowing, and at least one Federal Reserve official has said he is “open” to cutting interest rates at the central bank’s next meeting in September. “The Fed is not going to be able to do that,” said Rafael Boucek, president of the Atlanta Federal Reserve and a voting…
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Fed official says no rate cuts yet, inflation still above target
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Kansas City Federal Reserve President Jeffrey Schmid indicated he is not prepared to support cutting interest rates as inflation rises above target and the labor market remains healthy despite some slowdown. Speaking to the Kansas Bankers Association, Schmid said the recent decline in inflation was “encouraging” and that further reports…
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Japan spent $36.8 billion in July intervention, official data shows By Reuters
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By Kevin Buckland TOKYO (Reuters) – Japanese authorities spent 5.53 trillion yen ($36.8 billion) intervening in the foreign exchange market this month to lift the yen from a 38-year low, official data showed on Wednesday. The Finance Ministry figures confirmed the doubts of traders and analysts following the sharp rise…
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China official protests Japan’s negative remarks at meeting with US, Chinese foreign ministry says By Reuters
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BEIJING (Reuters) – A Chinese Foreign Ministry official has expressed diplomatic dissatisfaction to Japan over negative comments made by the Japanese side during a recent meeting with the United States, China’s foreign ministry said in a statement on Wednesday. Liu Jinsong, director-general of Asian affairs at China’s Foreign Ministry, has…