Category: push
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US miners push Washington to revive long-dormant Bureau of Mines By Reuters
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By Ernest Scheider (Reuters) – Mining trade groups are planning a push in Washington to revive and expand the long-defunct Bureau of Mines, an effort aimed at streamlining how the U.S. government regulates and subsidizes production of critical minerals and that coincides with the 2024 presidential election. The lobbying campaign,…
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USDCHF sellers push the price to the low for the week. Price back below the 100 day MA.
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The USD/CHF pair is trading at fresh weekly lows today after hitting resistance at the start of the trading week (Monday). This upside resistance came in the swing zone between 0.9044 and 0.90565. The subsequent move to the downside tried to find support against its 100-day moving average mid-week but…
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Push For Dominance: Bybit Surpasses Coinbase To Become Second-Largest Crypto Exchange
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In a notable step for the cryptocurrency sector, BybitSingapore’s leading cryptocurrency exchange has surpassed San Francisco-based cryptocurrency exchange Coinbase in terms of trading volume, securing its position as the second largest cryptocurrency exchange in the world. This achievement demonstrates Bybit’s rapid expansion and growing strength in the global digital asset…
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Is over-focusing on privacy hampering the push to take full advantage of AI?
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Customer data should be protected by a firewall, and if properly protected, can still be used to perform valuable analytics In 2006, British mathematician Clive Hamby declared that data is the new oil and could therefore fuel a new data-driven industrial revolution. Since he and his wife helped Tesco receives…
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Anglican Church says new taxes to push more Kenyans into poverty
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Anglican Archbishop of Jackson Ollie Sabet has petitioned Parliament to abolish punitive taxes that directly affect the poor and vulnerable. He told the National Assembly’s Finance and Planning Committee that the proposed taxation would disproportionately affect those with the least ability to pay. Mr. Oli Sabit appealed to the committee…
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Rising food, electricity prices push May inflation up to 5.1pc
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The cost of living rose slightly in May, with inflation rising to 5.1 percent from five percent in April due to higher costs of food and electricity. The Food and Non-Alcoholic Beverages Index, which accounts for food prices, rose by 6.2 percent year-on-year compared to May of last year and…
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EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.
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EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at 1.08074). The price then started to move to the…
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Apple reiterated Outperform at BofA as AI push set to begin (AAPL)
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He calms down Bank of America reaffirmed its outperform rating for Apple (Nasdaq: Apple) on Wednesday as the tech giant gets closer to unveiling its generative AI strategy at its developer conference next month. Shares were little changed in pre-market trading. The latest iPhone devices Analyst Wamsi Mohan wrote that…
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Japan, at G7 meet, renews push to keep yen bears in check By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Japan renewed its push to counter excessive decline in the yen at a weekend meeting of Group of Seven (G7) financial leaders, after a recent rise in bond yields to a 12-year high failed to slow the currency’s stubborn decline. . The…
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Inflation, high living costs push seniors to riskier investments
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Breadcrumb links Investor Fixed-income investments have long been an attractive option for an aging population, but with rates falling, there is a growing appetite for risk. Posted on May 25, 2024 • Last updated 43 minutes ago • 3 minutes read You can save this article by registering for free…
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Rising Benefits and Tax Cuts Push UK Borrowing to Three-Year High
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UK government borrowing rose to £20.5 billion in April, its highest level in three years. This increase was driven by a growing benefits bill and a decline in tax revenues following reductions in National Insurance contributions. Official figures from the Office for National Statistics (ONS) revealed that borrowing exceeded both…
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US Prosecutors Push for 5-7 Year Prison Sentence for Ex-FTX Exec
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Federal prosecutors are demanding a five- to seven-year prison sentence for former FTX CEO Ryan Salama, who was implicated in its multibillion-dollar collapse. His defense team asserts that his sentence should reflect his role in exposing the fraud, and is demanding a reduced sentence of no more than 18 months.…
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Safaricom condition throws M-Pesa split push into a spin
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Safaricom has revealed that it will only consider separating its mobile money platform M-Pesa from the rest of its telecommunications business if the move adds value to its investors and customers, signaling a difficult path ahead for the Central Bank of Kenya (CBK) which has been lobbying for the deal.…
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Solana Price Prediction – Could Solana Regain Bullish Momentum And Push To $200?
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Solana saw its price struggling to return to the upside levels last month. Solana previously reached $208 On March 18 thereafter A strong rise in prices extending over a period of five months. However, this crossover above $200 was very brief as Solana fell to $167 before reversing and hitting…