Category: woes
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Ethereum researcher pitches solution to fix centralization woes, eliminate MEV
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ETHEREUM Researcher has clarified a new block proposal solution aimed at adding a democratic character to the process of building central blocks in ETHEREUM currently by implementing a “common random algorithm”. The “decentralized random mass proposal” would take advantage of tolerance with Byzantine errors (BFT) to eliminate the maximum extractive…
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Ross Ulbricht Wallet Woes: Accidental Transaction Tanks Pumpfun Coin By $12M
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Ross Olbricht, the founder of the Silk Silk Road Silk, occupied the headlines of the newspaper again – not for his controversial or amnesty past by former President Donald Trump, but due to an amazing loss of $ 12 million incurred while Mumikoin’s trading on a pump platform. Ross Olbrech…
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Coffee prices reach new heights as weather woes hit global supply
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The cost of your morning cup of coffee could soon rise, after the price of Arabica beans – the most widely produced type – rose to a record high on international commodity markets. On Tuesday, the price of Arabica surpassed $3.44 per pound, reflecting an increase of more than 80%…
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Telkom woes deepen as 1m more customers flee, extending last year’s trend
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Kenya’s third-largest telecommunications company, Telkom Kenya, shed more than one million customers in the 12 months to June this year, new disclosures showed, extending a trend observed the previous year when the company lost 899,458 customers. Analysis of official data released by the Communications Authority of Kenya (CA) shows that…
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Telkom woes deepen as 1m more customers flee, extending last year’s trend
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Kenya’s third-largest telecommunications company, Telkom Kenya, shed more than one million customers in the 12 months to June this year, new disclosures showed, extending a trend observed the previous year when the company lost 899,458 customers. Analysis of official data released by the Communications Authority of Kenya (CA) shows that…
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Mastermind loses Sh517m tax fight, financial woes up
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Troubled Mastermind Tobacco (K) Ltd, currently under administration by I&M Bank over undisclosed debts, has lost a bid to quash a Sh517.75 million tax claim by the Kenya Revenue Authority (KRA) over an export cigarette consignment suspected of being smuggled. Dumped in Kenya. High Court Judge Alfred Mabia said the…
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US senators urge DOJ action against Boeing executives over safety woes By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – Two U.S. senators criticized the Justice Department’s plea agreement with Boeing in July and said the government should take action against the planemaker’s executives “responsible for safety failures,” according to a letter seen by Reuters. Democratic Senators Elizabeth Warren and Richard Blumenthal said…
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Aston Martin drops 28% after profit warning on supply chain, China woes By Reuters
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Written by Yadarissa Shabong (Reuters) – Aston Martin warned of falling annual profits and cut its production forecast on Monday due to supply chain challenges and persistent weakness in China, sending shares down as much as 28% and raising questions about its future ambitions. The British luxury carmaker joined other…
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A lighter US economic calendar is a chance to focus on China woes
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Xi Jinping The Federal Reserve is entering a blackout period even after the FOMC decision, and the US economic calendar is light today, with only wholesale inventories and employment trends. This will give the market a chance to catch its breath after a hectic week at the start of the…
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Tonchain And TON Woes Getting Started? Liquidity Provider Just Sold All Coins
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TON, the native token of the Toncoin blockchain network, is under tremendous selling pressure. Although it has maintained its position in the top ten, the recent decline has cast doubt and widened cracks in an otherwise strong uptrend. TON price drops, liquidity provider sells according to CoinMarketCapThe price of TON…
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Tonchain And TON Woes Getting Started? Liquidity Provider Just Sold All Coins
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TON, the native token of the Toncoin blockchain network, is under tremendous selling pressure. Although it has maintained its position in the top ten, the recent decline has cast doubt and widened cracks in an otherwise strong uptrend. TON price drops, liquidity provider sells according to CoinMarketCapThe price of TON…
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HF turns to shareholders to resolve capital woes
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HF Group, a listed lender, has turned to shareholders through a rights issue to raise new shares to shore up deteriorating capital ratios that have fallen below the legal minimum, impacting its ability to grow the business. The bank is set to issue 1.5 billion new shares, three for each…
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CrowdStrike rejects Delta Air Lines claims over flight woes By Reuters
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By David Shepardson WASHINGTON (Reuters) – CrowdStrike Inc on Sunday rejected Delta Air Lines Inc’s claim that it was to blame for flight disruptions after a global outage on July 19 caused by a faulty software update, suggesting its potential liability was minimal. Delta CEO Ed Bastian said last week…
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How skills arbitrage can cure global labour woes
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The world today faces a strange dilemma where some countries suffer from a shortage of talent, while others struggle to generate enough jobs for their young people. The solution lies in the economic geography of skill arbitrage. To understand more deeply the geo-economic tool known as “skill arbitrage”, let us…
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Global report blames limited financing for Kenyan start-up woes
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Limited access to finance, as well as inadequate infrastructure, are among the key factors holding back Kenya’s startup ecosystem, a new survey has found. The latest Global Startup Ecosystem Index 2024 report published by industry think tank StartupBlink indicates that most startups in Kenya also cited lack of mentorship as…
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Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000
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Although Bitcoin has regained the $56,000 price level in the past few hours, Sudden drop below $54,000 On July 5, investors were reminded of Extreme fluctuations Market related. On the larger time frame, Bitcoin has fallen by 7% and 20.25% in the past 37 days, respectively. While many crypto traders…
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Ukraine’s debt woes during wartime By Reuters
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Written by Rodrigo Campos NEW YORK (Reuters) – Ukraine has suffered a setback in its quest to complete the outlines of a debt restructuring before a two-year payment freeze agreed to by private holders of about $20 billion in Eurobonds maturing expires at the end of August. The government announced…
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Boeing’s woes a ‘burden’ for entire sector, Airbus executive says By Reuters
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FRANKFURT (Reuters) – Safety and quality problems uncovered at Boeing Co (NYSE:) after a door plug exploded earlier this year threaten to shake travelers’ confidence in flying, a senior executive at rival Airbus said. Christian Scherer, CEO of Airbus’ commercial aircraft division, told German weekly magazine WirtschaftsWoche that these problems…
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UBS suggests shorting USD/CHF amid DXY pullback and data woes By Investing.com
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UBS recommended investors sell the pair, indicating attractive entry levels for trading. The company confirmed that the DXY index, which measures the strength of the US dollar against a basket of currencies, fell 1.5% from its peak in late April due to disappointing US economic data. Despite the Federal Reserve’s…