Category: Plans
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Crypto super PAC gets crucial wins in US primaries, plans significant spending for general election
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Fairshake PAC plans to spend more than $100 million in the general election to support pro-crypto lawmakers. Super PACs funded by major crypto companies scored big victories in recent congressional primaries. The Fairshake political action committee, created to support pro-crypto industry candidates, plans to spend… More than $100 million In…
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SolarEdge slumps further on plans to raise $300m bond
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) has lost more than 90% of its value since November 2021, when it had a market cap of more than $20 billion and was Israel’s most valuable company on Wall Street. The company’s share price fell another 16% at the open of…
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Prudential plans $2 billion share buyback By Reuters
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(Reuters) – Insurance group Prudential said in a statement on Sunday that it is planning a $2 billion share buyback program that will be completed no later than mid-2026. The life and health insurance company said in a separate statement that it will initiate the first $700 million tranche of…
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Sir Jim Ratcliffe Criticises Labour’s Energy Plans Despite Backing Starmer
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Sir Jim Ratcliffe, chief executive of Ineos and co-owner of Manchester United, has criticized Labour’s green energy plans, claiming they could tax North Sea oil and gas production to “de-exist”. It comes just days after he publicly supported Labor leader Sir Keir Starmer. Ratcliffe warned that Labour’s proposals to increase…
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FTC sues Adobe over subscription plans practices
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Update: The story has been updated with comments from Adobe The Federal Trade Commission said Monday that it has filed a lawsuit against Adobe (Nasdaq: Literary) and two of its executives regarding the software maker’s subscription plan practices. Photoshop maker stock It fell 3% to $510.62. The US antitrust watchdog…
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Fortissimo plans TASE IPO for Sugat
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Israeli private equity firm Fortissimo Capital The company, run by its founder Yuval Cohen, plans to float shares in a food manufacturing company injury. Since its acquisition of Sugat, Fortissimo has strengthened the company. Fortissimo, which last month completed the acquisition of telecommunications company Celcom, recently held a series of…
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Mexican peso struggles amid President-elect’s reform plans By Investing.com
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Investing.com – The Mexican peso faced pressure as it approached a recent peak of 18.60 in overnight trade in Asia. The move comes after Mexico’s president-elect, Claudia Sheinbaum, announced that judicial reform would be an early topic of the new congress in September. The peso has already weakened by 8%…
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Kraken Bolsters IPO Ambitions With Plans Of A Massive $100 Million Funding Injection
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US-based cryptocurrency exchange Kraken is reportedly considering a final funding round as it explores the possibility of an initial public offering (IPO), according to sources familiar with the matter. The stock exchange has received inquiries from potential investors amid the current rise in the stock market Digital assets market. Kraken…
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State plans second Sh130bn Eurobond buyback in 2024
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Kenya seeks to spend another 130.7 billion shillings ($1 billion) this year to repay its multi-billion-shilling Eurobond due in 2027, as incoming payments slow as part of efforts to mitigate currency and default risks. The country unveiled a buyback plan to the World Bank, but did not reveal whether it…
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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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Elon Musk plans xAI supercomputer, The Information reports By Reuters
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(Reuters) – U.S. entrepreneur Elon Musk recently told investors that his artificial intelligence startup xAI plans to build a supercomputer to run the next version of its chatbot Grok, The Information newspaper reported on Saturday, citing an investor presentation. Musk said he wants the proposed supercomputer up and running by…
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British ISA Plans in Limbo Following Sunak’s Election Call
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The government’s major initiatives to reform the city, including the launch of the UK ISA and the Pisces private market, are facing uncertainty following Prime Minister Rishi Sunak’s decision to hold a snap election in July. Over the past two years, ministers have sought major changes to city policy, but…
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UK Government Plans Training ‘Bootcamps’ to Address Worker Shortages Amid Immigration Cuts
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The UK government is set to introduce skills “boot camps” to train unemployed individuals for jobs in sectors such as hospitality, social care and logistics. The initiative, announced by Mel Stride, Secretary for Work and Pensions, aims to address the potential shortage of workers resulting from the crackdown on migrant…
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Galaxy Digital’s Thorn says SEC could label staked ETH as security in ETF plans
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Galaxy Digital’s Alex Thorn suggests that the SEC may classify pledged Ethereum as a security in an attempt to find a loop for spot ETF approval. The US Securities and Exchange Commission (SEC) may be taking a surprising turn when it comes to approving exchange-traded funds (ETFs), according to Galaxy…
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Galaxy Digital’s Thorn says SEC could label staked ETH as security in ETF plans
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Galaxy Digital’s Alex Thorn suggests that the SEC may classify pledged Ethereum as a security in an attempt to find a loop for spot ETF approval. The US Securities and Exchange Commission (SEC) may be taking a surprising turn when it comes to approving exchange-traded funds (ETFs), according to Galaxy…
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Jeremy Hunt Promises Further Tax Cuts and Criticises Labour’s Plans
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Chancellor of the Exchequer Jeremy Hunt has pledged further tax cuts in the autumn, stressing that the UK economy has “turned a corner”. In an attempt to clarify the differences before the next election, Hunt accused Labor of planning to raise taxes while portraying the Conservatives as committed to cutting…
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CME Group Plans To Launch Bitcoin Spot Trading, Targeting Wall Street Demand
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According to the Financial TimesThe Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot trading for Bitcoin (BTC). The move aims to capitalize on growing demand among Wall Street money managers seeking exposure to the cryptocurrency sector. The move represents an important…
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ARK, 21Shares strike staking feature from Ethereum ETF plans
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ARK Invest and 21Shares have decided to remove the cryptocurrency staking feature from their Ethereum (ETH) exchange-traded fund (ETF) proposal. Changes in Staking Plans, and the SEC’s Response The decision to remove quotas from the ETF structure follows successful discussions with the US securities regulator, which led to a move…
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Arm Holdings plans to launch AI chips in 2025, Nikkei reports By Reuters
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(Reuters) – SoftBank Group arm Holdings (NASDAQ:) plans to develop artificial intelligence chips and aims to launch the first products in 2025, Asia reported on Sunday. The report added that UK-based Arm will set up an AI chip division and aims to build a prototype by spring 2025. Mass production…
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Harvest Plans To Open Bitcoin ETF To Mainland China
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Harvest Global Investments, a Chinese fund house and one of the issuers of the first Bitcoin and Ethereum spot trading funds (ETFs) in Hong Kong, Certain It plans to open these funds to mainland Chinese investors through Hong Kong Stock Connect. This development could significantly expand the investor base and…