Category: Warns
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UBS chair warns against big increase in capital requirements, newspaper reports By Reuters
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ZURICH (Reuters) – UBS President Colm Kelleher warned on Sunday that Swiss government plans to boost capital requirements for major banks could harm the country’s position as a financial centre. The government earlier this year laid out plans to tighten capital requirements on UBS and the other three big banks…
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Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why
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Bitcoin has shown bullish momentum over the past day, but one analyst pointed out how the asset could be in a high-risk zone now due to the open interest trend. Bitcoin open interest has seen a rapid increase recently As CryptoQuant Community Manager Maartunn explains in a new report mail…
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Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why
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Bitcoin has shown bullish momentum over the past day, but one analyst pointed out how the asset could be in a high-risk zone now due to the open interest trend. Bitcoin open interest has seen a rapid increase recently As CryptoQuant Community Manager Maartunn explains in a new report mail…
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North faces ‘Armageddon’ without HS2 links, warns Andy Burnham
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Greater Manchester Mayor Andy Burnham has warned that the north of England risks facing a “catastrophe” unless the HS2 high-speed rail link from Birmingham to Manchester is completed. Labour leader Sir Keir Starmer has urged a reversal of the previous government’s decision to scrap the northern part of the project,…
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Judge backs office romance, warns employers not to interfere
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The Labor and Labor Relations Court has ruled that romantic relationships between employees are legal and has barred employers from implementing policies or laws that interfere with matters of the heart. In a landmark ruling, the court warned employers against interfering in workplace romantic relationships, warning that such interference could…
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Cardano Founder Warns Trump DeFi Venture Could Politicize Crypto Landscape
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Charles Hoskinson, co-founder of Cardano and Ethereum, has expressed deep concern about former President Donald Trump’s new DeFi platform project known as World Liberty Financial. Speaking in interviews, Hoskinson said the project is likely to turn into political flashpointThis could exacerbate the already delicate situation surrounding cryptocurrency regulation in the…
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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Next warns of potential store closures following £30m equal pay ruling
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Next has warned it may have to close its stores after losing a major legal battle over equal pay, which could cost the company more than £30m. The FTSE 100 clothing and homeware chain said in its half-yearly report that the ruling could impact the profitability of individual stores. Last…
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Ukraine Hits Arms Sites in Russia, Warns of New Nuclear Threats
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Breadcrumbs Path Links PMN Business Ukraine’s armed forces confirmed overnight attacks on major Russian ammunition depots, while its newly appointed foreign minister warned of possible Russian targeting of nuclear power sites. Article author: Bloomberg News Bloomberg News Published on September 21, 2024 • Read for 2 minutes You can save…
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Hacked X Accounts Power Massive Crypto Scam, Blockchain Sleuth Warns
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Recent developments in the cryptocurrency space have highlighted the ongoing risk of fraud, especially through social media channels. The high-profile X (formerly Twitter) hack revealed a large number of compromised accounts, leading to the promotion of fake sites. MemcoinsThese incidents highlight security flaws as well as the lengths to which…
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‘Significant action’ needed to stabilise UK finances, warns OECD
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The OECD has warned that “significant action” is needed to stabilise the UK’s public finances, and urged Chancellor Rachel Reeves to reform fiscal policy. The OECD recommends abolishing stamp duty, reducing the triple pension lock and modernising the council tax system. The report highlights the growing financial pressures from healthcare,…
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Short-Term Panic For Bitcoin Likely After Upcoming Fed Rate Cut, Market Expert Warns
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With the Federal Reserve set to cut interest rates just days away, a cryptocurrency expert has shed light on the implications. BitcoinThe performance of the central bank after the interest rate cut, especially on September 18, has been the subject of much debate within society at large. “High probability of…
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Short-Term Panic For Bitcoin Likely After Upcoming Fed Rate Cut, Market Expert Warns
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With the Federal Reserve set to cut interest rates just days away, a cryptocurrency expert has shed light on the implications. BitcoinThe performance of the central bank after the interest rate cut, especially on September 18, has been the subject of much debate within society at large. “High probability of…
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UK debt could triple to 300% of GDP within 50 years, OBR warns
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The Office for Budget Responsibility has warned that UK public debt could rise to 300% of GDP over the next half-century, due to rising costs linked to climate change and an ageing population. In its latest report on long-term fiscal risks, the independent watchdog warned that current policy choices and…
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Israel’s budget chief warns on jump in interest rate costs
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Senior finance ministry officials warned of higher interest rates due to the state budget breach, economic uncertainty and war, saying that “increasing the budget framework could be dangerous for the economy and a negative signal to investors.” The Knesset Finance Committee today discussed a NIS 3.5 billion breach of the…
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Two million self-employed workers face pension crisis, warns IFS
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The Institute for Fiscal Studies has warned that nearly two million self-employed workers in the UK face an imminent pension crisis due to insufficient savings. The latest report reveals that only 500,000 self-employed people earning more than £10,000 a year contribute to a pension, leaving 1.8 million people with no…
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Exclusive-US warns against Nippon merger with US Steel, citing China steel glut By Reuters
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Written by Alexandra Alper WASHINGTON (Reuters) – Nippon Steel Corp.’s proposed $14.9 billion takeover of U.S. Steel would create national security risks because it could hurt steel supplies needed for vital transportation, construction and agricultural projects, the United States said in a letter to the companies seen by Reuters. The…
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Non-dom tax reforms could cost labour £1bn, warns Oxford Economics
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Labour’s plan to reform the tax system on foreigners could cost the UK government up to £1bn as wealthy individuals flee the country, a report by Oxford Economics has warned. The proposed reforms, which will come into effect from April 2025, aim to replace the current system that allows non-residents…
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FBI Warns of North Korean Hackers Targeting U.S. Bitcoin And Crypto ETFs
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Today, the FBI Issued The BBC has issued a warning that North Korean hackers are targeting cryptocurrency exchange-traded funds (ETFs) in the United States in an attempt to steal digital assets. The FBI said the hackers are using advanced social engineering techniques to breach the security of companies associated with…