As Britain sweltered through the country’s hottest day on record last month, supermarket delivery vans wove around the streets as usual delivering shopping to people’s homes. But while the vans have technology to keep the food and drink chilled in the back, a surprising number don’t provide the same service to the humans in the
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The pound is shrugging off the chance of an overhaul to the UK’s economic policy as Tory leadership hopefuls outline starkly different plans for public spending and borrowing. Liz Truss, the foreign secretary and frontrunner in the contest to replace Boris Johnson as prime minister, has outlined tax cuts costing more than £30bn, suggested that
The UN has called it the world’s first climate-change-induced famine. Madagascar’s government agrees it is a result of the west’s carbon-fuelled lifestyle. A number of scientists and experts disagree, saying it is actually a consequence of poverty and poor governance. For the people of southern Madagascar, unaware of the international furore, it is known simply
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent
The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned. The comments come after beleaguered developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend. In filings with the Hong Kong stock exchange, Evergrande instead said
Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including in the U.S. SEC Takes Action Against Forsage Crypto Scheme The U.S. Securities
Pinterest shares surged more than 20 per cent after hedge fund Elliott Investment Management revealed itself as the company’s largest shareholder and expressed support for its new chief executive. The announcement helped offset disappointing second-quarter results from Pinterest that reflected softness in the digital advertising market, which has afflicted several of its social media rivals.
The cryptocurrency payroll service Bitwage announced on Monday that the company has partnered with the digital currency wallets Casa and Edge Wallet in order to “bring bitcoin payroll to mainstream audiences.” Now Edge Wallet and Casa users can connect to the Bitwage platform’s services via a deep link or QR code. Crypto Payroll Company Bitwage
Source: NYSE Check out the companies making headlines after the bell: Pinterest — Shares of the image-sharing company popped more than 19% despite a miss on the top and bottom lines as activist investor Elliott Management revealed it is now the largest investor. The company also beat monthly active user estimates. Simon Property Group —
Conservative leadership contender Liz Truss on Monday claimed she could save almost £11bn a year with a radical shake-up of the civil service, including lower pay for officials who work in poorer parts of the UK. The foreign secretary, frontrunner in the race to become the next prime minister, declared a “war on waste in
The Securities and Exchange Commission has charged 11 people in an alleged $300mn cryptocurrency pyramid scheme, highlighting how authorities are increasing enforcement in digital asset markets. The Wall Street watchdog said the scheme, known as Forsage, raised funds by using promoters to convince millions of investors worldwide to recruit others into the programme. “Forsage is
Municipals were mostly firmer to kick off August, while U.S. Treasuries rallied out long and equities were in the red near the close. Muni-UST ratios on Monday were at 67% in five years, 84% in 10 years and 98% in 30 years, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five
The luxury jewelry and specialty retailer Tiffany & Co. announced the firm is planning to sell 250 non-fungible token passes called “Nftiff.” Essentially, Cryptopunk holders will be able to acquire one of the 250 Nftiffs for 30 ether or roughly $50K using today’s ethereum exchange rates. Tiffany & Co. Reveals Limited Edition Jeweled Cryptopunk Pendants
A handful of House Democrats who advocated for an increase in the state and local tax deduction cap appear ready to support the latest budget reconciliation bill that omits such provisions, dealing a blow to issuers who were proponents of SALT reform. The representatives may be the deciding votes for the package to pass through
How does Rishi Sunak do it? He has to spend his summer not on a beach somewhere or in the company of his friends and family, but instead pressing the flesh among Conservative party members, knowing all the while that his chances of victory are slim. Still, he carries on, serving red meat to Tory
Senior Conservatives have urged the party’s two leadership candidates to commit to implementing the “levelling up” agenda that helped secure UK prime minister Boris Johnson a landslide election win in 2019, as new polling finds it more popular with prospective Tory voters than Brexit. The co-author of the party’s last manifesto and former ministers have
Monetary policy has a more significant impact on spending of U.S. households headed by white women than on those led by white men or Black men and women, the Federal Reserve Bank of San Francisco said. White households overall in the three years after an unexpected rate hike, Aina Puig, a research scholar with the
Nancy Pelosi has embarked on a tour of East Asia that officials signalled on Monday was likely to include a stopover in Taiwan, the first by a US House Speaker for 25 years. China warned that its military will “not sit idly by” if the visit goes ahead to the self-ruled island that Beijing claims
Janney Montgomery Scott LLC has hired Citi’s Alice Cheng to replace Erin Ortiz, who has moved into a new role for the firm’s Higher Education & Not-for-Profit Advisory Group. The advisory group is tasked with providing insights regarding capital and debt planning and management, credit analysis and strategy to higher education and non-for-profit institutions. In
As a new school year looms for students, Texas is once again giving parents and guardians a break by suspending sales taxes on apparel and school supplies particularly at a time inflation is hammering household budgets and its coffers are overflowing with cash. The three-day tax holiday — an annual event in the Lone Star