Category: overhaul
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West coast main line faces decade-long closures in multi-billion-pound overhaul
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Britain’s busiest railway line, the West Coast Main Line, is set to undergo a once-in-a-generation upgrade, causing major disruption for up to a decade. Network Rail plans to replace more than 150 miles of aging overhead wire – originally installed in the 1970s – alongside extensive refurbishments of signals and…
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Levin, Sa’ar present judicial overhaul compromise
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Justice Minister Yariv Levin and Foreign Minister Gideon Saar are promoting a new plan to change the composition of the Judicial Selection Committee. Under the plan, the committee will consist of three members of the ruling coalition (ministers and Knesset members), a member of the opposition, three judges, and two…
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XRP Ledger Set For Governance Overhaul: DAO Confirmed
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The XRP Ledger (XRPL) is about to undergo a major governance shift with the official confirmation of the creation of a Decentralized Autonomous Organization (DAO). This transformation aims to decentralize decision-making processes and significantly enhance community participation, which represents a pivotal development within the framework of ecosystem governance. XRP Ledger…
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China Stimulus Sets Tone for Major Banks, HSBC Is All About Overhaul
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Breadcrumb links BMN Business China’s recent stimulus measures to revive the economy will set the tone for third-quarter earnings from major Chinese lenders including Industrial and Commercial Bank of China Limited, China Construction Bank, Agricultural Bank of China Limited and Bank of China Limited. Article writer: Bloomberg News Rachel Yu,…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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Rayner’s employment rights overhaul to grant 9m workers the right to sue employers
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Deputy Prime Minister Angela Rayner is set to give an additional 9 million UK workers the right to sue their employers for unfair dismissal from day one of their jobs, as part of a sweeping reform of workers’ rights. Currently, employees must remain with the company for two years before…
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Crypto Overhaul In Japan: ETF Launch And Lower Taxes Ahead?
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Japan’s financial regulator is preparing to review cryptocurrency regulations, which could lead to lower taxes on cryptocurrencies and pave the way for a digital asset exchange-traded fund (ETF). Cryptocurrency review in Japan is the need of the hour to talk Speaking to Bloomberg on condition of anonymity, an official at…
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Crypto Overhaul In Japan: ETF Launch And Lower Taxes Ahead?
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Japan’s financial regulator is preparing to review cryptocurrency regulations, which could lead to lower taxes on cryptocurrencies and pave the way for a digital asset exchange-traded fund (ETF). Cryptocurrency review in Japan is the need of the hour to talk Speaking to Bloomberg on condition of anonymity, an official at…
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Hong Kong’s licensed crypto platform OSL set for brand overhaul
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Hong Kong-based cryptocurrency exchange OSL is set to rebrand as part of its global expansion plans. In a press release shared with crypto.news, OSL announced a partnership with Pentagram, a multinational design consultancy, to lead a “strategic brand refresh” in an effort to help OSL reach broader markets as it…
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Hong Kong’s licensed crypto platform OSL set for brand overhaul
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Hong Kong-based cryptocurrency exchange OSL is set to rebrand as part of its global expansion plans. In a press release shared with crypto.news, OSL announced a partnership with Pentagram, a multinational design consultancy, to lead a “strategic brand refresh” in an effort to help OSL reach broader markets as it…
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China Acknowledges Digital Currency In Historic AML Law Overhaul
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The Public Prosecutor and the Supreme Court of China have issued Terms updated The country’s anti-money laundering legislation is set to include recognition of crypto transactions for the first time. The change takes effect immediately, and the main goal is to put efforts into trying to curb the Growing use…
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CNN to cut 100 jobs in major overhaul to focus on digital, memo shows By Reuters
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Written by Yuvraj Malik (Reuters) – CNN plans to cut about 100 jobs as part of a plan to consolidate its news operations and strengthen its digital business, according to an internal memo seen by Reuters on Wednesday. CNN International CEO Mark Thompson said in a memo to employees that…
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MiCA Regulations Force Binance to Overhaul Stablecoin Services
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As of June 30, 2024, the European Economic Area (EEA) will impose new regulations within the Markets for Crypto Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world’s largest cryptocurrency exchanges, plans to roll out sweeping changes to ensure compliance, affecting everything from trading to rewards. Only regulated…
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Czech Billionaire Plans £400m Overhaul for Royal Mail, Sparking Job Concerns
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Daniel Kretinski, the Czech billionaire preparing to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400m investment to create a network of drop boxes and delivery lockers across the UK. The move could significantly impact tens of thousands of postal delivery jobs and…
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Solana Validators Poised To Reap Rewards As Governance Approves Priority Fee Overhaul
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The Solana blockchain, known for its extremely fast transaction processing and growing ecosystem, has recently seen a major shift in its fee structure. In a landmark governance decision, Solana’s validators were given the authority to retain 100% of priority fees collected from transactions, a departure from the previous model that…