Author: Lucas

Sunday 26 June 2022 11:52 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Project New Era is a privately-led, cross-industry initiative that will evaluate a future digital currency ecosystem in the UK that could include stablecoins and a Central Bank Digital Currency (CBDC). Differing from other initiatives which seek to promote policy theories for digital currencies, New Era is about testing them in practice through a private sector pilot, using a live digital Sterling (‘dSterling’) asset.The pilot, set to launch in September, will be run by…

This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Trading was halted across many of the Chicago Mercantile Exchange’s markets on Friday. The massive exchange operator blamed a “cooling issue” at a partner’s data center. The issue was resolved, and at 7:30 a.m. local time, trading of futures and options resumed. Trading across the majority of the Chicago Mercantile Exchange’s markets ground to a halt for several hours after a cooling problem at one of its data centers.”Due to a cooling issue at CyrusOne data centers, our markets…

“We’ll be starting to stop them by land also,” Trump said of Venezuelan drug traffickers. “The land is easier, but that’s going to start very soon.”Trump says meeting may happen with MaduroPresident Trump says he may speak with Venezuela’s Maduro amid a pressure campaign on Venezuela that has included a massive U.S. military buildup.Amid a buildup of U.S. military forces near Venezuela and strikes on alleged drug boats, President Donald Trump told U.S. troops on Thanksgiving that the military operation will soon include strikes on land.“In recent weeks, you’ve been working to deter Venezuelan drug traffickers,” Trump said during a…

A week ago, at Sotheby’s in New York, Maurizio Cattelan’s solid gold toilet hammered for $10m, a smidge over its gold spot price of $9.8m. A case, then, of an artwork literally being worth its weight in gold. Or thereabouts. It is probably one of the only examples of pricing in the history of the art market that makes quantifiable sense. Usually, art valuation is a far more nebulous concept. Take David Shrigley’s piles of old rope, which are currently on sale at Stephen Friedman Gallery for £1m. It’s an installation about how we value art beyond the cost of…

The Tema Oil Refinery (TOR) is steadily rising to its feet, driven by the skill and dedication of Ghanaian engineers whose expertise is steering the facility toward a full comeback. This was the message from TOR Managing Director, Edmund Kombat, as he addressed attendees at the induction ceremony of the newly elected executives of the Institute of Engineering and Technology (IET), Ghana. IET honoured Mr. Kombat for his leadership in transforming the refinery and encouraged him to continue pushing the agenda, pledging full support from the institute. With optimism and renewed purpose, Mr. Kombat announced a significant milestone: TOR is…

Carlos Alcaraz has missed out on $2.4m (£1.8m) in prize money due to a rule that penalises absence from ATP Masters 1000 tournaments. The 22-year-old, who currently leads the Bonus Pool with 4,420 points, would have earned $4.8m (£3.6m) had he featured in each of the competitions, but he’s been forced to give up half of his purse.Earlier this month, Alcaraz dropped the curtain on the best season of his career, ending the year as world number one. The Spaniard played in 11 finals and won eight titles – two of which were Grand Slams; the French Open (Roland Garros)…

By Erik Hertzberg (Bloomberg) — Foreign direct investment into Canada fell in the third quarter, reaching the lowest level in a year and a half. FDI totalled $18.2 billion between July and September, Statistics Canada reported Thursday. That was driven by mergers and acquisitions, and foreign parent companies reinvesting their earnings in Canada. Net inflows are down from $21.9 billion in the previous quarter, and are the weakest since the start of 2024. The data also show Canadian investment abroad was $25.1 billion, marking a second consecutive period where more net direct investment dollars left than entered the country. Still,…

This article first appeared on GuruFocus. Gold isn’t roaring this week it’s hovering, catching its breath after a record-breaking sprint that pushed it above $4,380 an ounce on Oct. 20. Now the metal is gliding in a tight consolidation band around $4,055, slipping slightly on the week as traders recalibrate what the Federal Reserve may or may not do next. Several Fed officials have sounded cautious on policy, yet New York Fed President John Williams opened the door to a possible near-term cut, a remark that briefly trimmed losses before gold still ended Friday lower. It’s the kind of mixed…

Ukraine hit the Saratov refinery of Russian oil giant Rosneft in the Volga region on Friday, Ukraine’s General Staff said, in what was the second attack on the refinery in recent months as the Trump Administration continues with its efforts to broker a peace deal.“As part of efforts to reduce the military and economic potential of the Russian aggressor, during the night of 28 November, units of the Defence Forces of Ukraine struck the Saratov Oil Refinery in Russia’s Saratov region,” Ukraine’s General Staff said on their Telegram channel.“The facility produces more than 20 types of petroleum products, including gasoline,…

FT Adviser has been fundraising for Alzheimer’s Society as part of the Insurance United Against Dementia campaign.We have already beaten our £250 target on JustGiving, thanks to our wonderful readers, with our JustGiving page now at £450.Today (November 27), the team held a bake sale in the Financial Times canteen. Early estimates are that this raised an additional £200, although the team at Alzheimer’s Research will confirm the final figures once all the card and cash donations are totted up.This makes more than £650 raised so far from FT Adviser for the IUAD campaign.But the fundraising continues: next Thursday, December…