
KIOXIA CD8P Series PCIe 5.0 NVMe Data Center SSD Named ‘Best of Show’ at Flash Memory Summit 2023
SAN JOSE, Calif.--(BUSINESS WIRE)--Aug 9, 2023--
2023-08-10 10:54

Odey Asset Management to move Adrian Courtenay's fund to Green Ash Partners -letter to investors
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management is in advanced talks to move its special situations fund managed by
2023-07-04 03:50

Teva to pay $225 million fine and divest cholesterol drug to settle price-fixing charges
Teva Pharmaceuticals agreed to pay more than $200 million in fines and divest a key generic drug treating cholesterol to settle price-fixing charges from the US Department of Justice, the agency announced Monday.
2023-08-22 06:16

Interstate 95 set to reopen less than two weeks after deadly collapse in Philadelphia
Interstate 95 is set to reopen to traffic less than two weeks after a deadly collapse in Philadelphia shut down a heavily traveled stretch of the East Coast’s main north-south highway
2023-06-23 13:24

Tesla offering discounts of over $1,300 on some U.S. Model 3 cars -website
By Hyunjoo Jin SAN FRANCISCO Tesla is offering discounts of more than $1,300 on some Model 3 cars
2023-05-20 02:51

Veteran Finance and Tech Executive with Track Record of Driving Transformational Change Joins Offerpad
CHANDLER, Ariz.--(BUSINESS WIRE)--Jul 6, 2023--
2023-07-06 18:58

US shoppers set for cheapest holiday gift season in years
By Siddharth Cavale and Amina Niasse NEW YORK The battleground for retailers this U.S. holiday season is over
2023-11-24 19:29

Sanofi Plans to Split Off Consumer Health Unit to Narrow Focus
Sanofi said it plans to separate its consumer health division, probably through a spinoff, as the French drugmaker
2023-10-27 14:25

‘Volatile’ cryptocurrency trading should be regulated as gambling, says treasury committee
Consumer cryptocurrency trading should be regulated as gambling, the treasury committee has urged. In a new report, the committee called for consumer trading in unbacked crypto assets to be treated in regulation as gambling. The cross-party committee of MPs said cryptocurrencies such as Bitcoin are being used by criminals in scams and money laundering. Unbacked crypto assets – often called cryptocurrencies – are not supported by underlying assets, the committee added. They pose significant risks to consumers, given their price volatility and the risk of losses, according to the MPs, who said retail trading in unbacked crypto more closely resembles gambling than a financial service and should be regulated as such. The report said: “We strongly recommend that the government regulates retail trading and investment activity in unbacked crypto assets as gambling rather than as a financial service, consistent with its stated principle of ‘same risk, same regulatory outcome’.” The committee pointed to HM Revenue and Customs (HMRC) figures indicating that around 10 per cent of UK adults hold or have held crypto assets. The MPs also said potential productive innovation in financial services should not be unduly constrained. They said technologies underlying crypto assets may bring some benefits to financial services, particularly for cross-border transactions and payments in less developed countries. A balanced approach should be taken to supporting the development of crypto asset technologies, while avoiding spending public resources on projects without a clear, beneficial use, the MPs said. Harriett Baldwin, chair of the treasury committee, said: “The events of 2022 have highlighted the risks posed to consumers by the crypto asset industry, large parts of which remain a wild west. “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry. “However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such. “By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.” The committee is considering central bank digital currencies as a separate piece of work. A treasury spokesperson said: “Risks posed by crypto are typical of those that exist in traditional financial services and it’s financial services regulation – rather than gambling regulation – that has the track record in mitigating them. “Crypto offers opportunities but we are taking an agile approach to robustly regulating the market, addressing the most pressing risks first in a way that promotes innovation.” Read More Crypto rules get final approval to make Europe a global leader on regulation Is my money safe? What you need to know about bank failures Nearly 80% of APP scam cases start online, says UK Finance Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-05-17 12:54

Analysis-ECB is on back foot and for once it's down to Germany
By Francesco Canepa FRANKFURT The European Central Bank is on the back foot again and this time the
2023-08-10 16:17

Asia Stocks to Struggle as Inflation Doubts Linger: Markets Wrap
Asian shares face headwinds Monday after the rally in US bonds and stocks hit a wall Friday amid
2023-07-17 06:54

Blinken Blames Hamas for End of Gaza Truce as Fighting Ramps Up
US Secretary of State Antony Blinken blamed Hamas for the end of a week-long truce that saw dozens
2023-12-02 00:56
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