Category: seeks
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Bipartisan bill seeks to combat AI Deepfake misuse with watermarking and provenance
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A bipartisan group of senators has introduced a new bill that aims to combat the misuse of fake content using artificial intelligence by requiring such content to be watermarked. BillSen. Maria Cantwell (D-Wash.), Sen. Marsha Blackburn (R-Tenn.), and Sen. Martin Heinrich (D-N.M.) have introduced a proposal that proposes a uniform…
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Macquarie-Backed African Renewables Investor Seeks Fresh Funds
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Breadcrumbs Path Links PMN Business Revigo Fund Management, which runs Africa’s first fund focused primarily on investing in operating renewable energy assets, is seeking new investors as it works towards its eventual listing. Article author: Bloomberg News Anthony Sguazin Published on July 10, 2024 • Read for 2 minutes You…
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Crypto Exchange Seeks Indian Approval As Users Hit Roadblock
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Once a land of opportunity, India’s cryptocurrency market is in a regulatory slump. As authorities tighten their grip, major crypto exchanges are struggling to survive, facing restricted services, hefty fines and even exit. Failure to pass KYC test Global giant Binance, a household name in the cryptocurrency world, has learned…
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South Africa Seeks to Renegotiate Coal Pact Tied to $2.6 Billion
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Breadcrumbs Path Links PMN Business South Africa is seeking to amend the terms of a landmark deal under which it pledged to reduce its reliance on coal in exchange for funding. Article author: Bloomberg News Anthony Sguazin Posted on July 03, 2024 • Read for 3 minutes You can save…
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Exclusive-AI coding startup Magic seeks $1.5-billion valuation in new funding round, sources say By Reuters
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Written by Anna Tong and Crystal Ho (Reuters) – U.S. startup Magic, which develops artificial intelligence models for writing software, is in talks to raise more than $200 million in a funding round that values it at about $1.5 billion, three sources told Reuters, just months after its latest capital…
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AssangeDAO seeks $37m transparency as WikiLeaks founder exits Belmarsh
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As Julian Assange’s term in prison approaches the end of his term, members of a connected movement are demanding transparency about the funds being raised for his defence. Following the release of the WikiLeaks founder from Belmarsh Prison on Tuesday, the AssangeDAO token (JUSTICE) rose by more than 60% in…
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Treasury seeks MPs nod for fresh Sh1bn Kenya Airways bailout
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Kenya Airways will receive Sh1 billion financial support from the Treasury for the financial year starting July if lawmakers approve the recommendations of the National Assembly Select Committee on Budget and Appropriations. The Ndinde Nyoro-led committee has asked lawmakers to approve the national carrier’s new bailout to partly fund its…
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EU Seeks to Speed Clean Energy Shift and Curb Russian LNG
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Breadcrumb links BMN Business The European Commission is set to begin a campaign to boost energy security and accelerate the transition away from fossil fuel imports, while grappling with the difficult task of limiting Russian liquefied natural gas supplies. Article writer: Bloomberg News Ewa Krokoska Posted on June 11, 2024…
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EU Seeks to Speed Clean Energy Shift and Curb Russian LNG
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Breadcrumb links BMN Business The European Commission is set to begin a campaign to boost energy security and accelerate the transition away from fossil fuel imports, while grappling with the difficult task of limiting Russian liquefied natural gas supplies. Article writer: Bloomberg News Ewa Krokoska Posted on June 11, 2024…
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Virtu Financial Seeks $500 Million in Debt Restructuring
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Virtu Financial announced that it is seeking $500 million in financing to restructure primary debt. According to the company, the first lien notes are intended to improve Virtu Financial’s financial position by repaying existing debt and positioning the company for growth. Virtu restructures debt According to the press release, Virtu…
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Parliament seeks urgent hearing of appeal on tax waivers to Japanese staff, firms
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Parliament has written to the Court of Appeal over delays in hearing a case challenging tax breaks given to Japanese workers and companies. In a letter to the Deputy Registrar of the Court of Appeal, Parliament indicated that the six-month suspension of the ruling repealing Section 13 of the Income…
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Kraken Seeks over $100M Funding Ahead of Potential IPO: Report
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Cryptocurrency exchange Kraken is seeking more than $100 million ahead of a potential initial public offering (IPO), Bloomberg reported. The cryptocurrency exchange, founded in San Francisco in 2011, has long discussed going public. The move is said to be fueled by increased investor interest and a notable relaxation of regulations…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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Real estate sale: Country club seeks higher price in sale of 2,000-year-old sacred ceremonial grounds
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The Ohio State Historical Society is one step closer to taking control of ancient ceremonial and burial earthworks maintained by a country club where members play hillside golf. The trial was scheduled to begin Tuesday to determine how much the historical society should pay for the site, which is among…
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Real estate sale: Country club seeks higher price in sale of 2,000-year-old sacred ceremonial grounds
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The Ohio State Historical Society is one step closer to taking control of ancient ceremonial and burial earthworks maintained by a country club where members play hillside golf. The trial was scheduled to begin Tuesday to determine how much the historical society should pay for the site, which is among…
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London Office Market Poised for Recovery as Great Portland Estates Seeks £350m Investment
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Great Portland Estates (GPE) is urging shareholders to support a £350m fundraising initiative to capitalize on what it sees as the bottoming out of the commercial property market. The funds will be used to purchase and develop further office space in London, and take opportunities to purchase high-quality assets at…
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Equity seeks fraud busters to counter loss of client deposits
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Equity Group names top fraud busters just a month after losing millions of shillings to fraudsters, signaling a move by Kenya’s most profitable lender to strengthen its anti-fraud team. The bank, which recently raided the Central Bank of Kenya (CBK) and PricewaterhouseCoopers (PwC) in search of talent to strengthen its…
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Biden administration seeks end to federal coal leasing in Powder River Basin
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Slavko Sereda/iStock via Getty Images Benchmark crude oil prices rose on Friday to end the week at their highest levels this month, as economic indicators from China and the United States, the world’s largest oil consumers, raised hopes of rising demand. Oil prices also received support This week after the…
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HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case
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After losing twice in the protracted ‘huge marshmallow’ tax case, HMRC has announced its intention to lodge another appeal. Last month, the High Tax Court upheld a lower court ruling that “jumbo marshmallows” sold by London-based wholesaler Innovative Bites are not considered sweets and are therefore exempt from VAT. The…