Month: January 2023

The Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of the world’s largest trading exchanges. Promising a “robust” approach to digital assets consistent with traditional finance, the government says it wants exchanges to have fairer and tighter standards. Under the plans, crypto platforms would become
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4:38 PM ET Associated Press NASCAR has essentially banned the “Hail Melon” video-game move driver Ross Chastain used at Martinsville Speedway to race his way into the championship finale. Chastain last year mashed the gas and deliberately smashed into the wall so that the energy would speed his car past his rivals. The move advanced
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Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Images Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for the whole of 2022, citing “very unusual” market conditions. The
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Arriving in Haiti’s capital, Port-au-Prince, the sheer scale of the poverty takes your breath away. The streets are teeming with people but everywhere is shrouded in acrid smoke from piles of burning rubbish. From the hills above Port-au-Prince, the city at times disappears in a fog of polluted air. Wherever you walk people ask for
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Thousands of ambulance workers in England will strike on 10 February, Unison has announced. The union said workers across five services will walk out as the long-running dispute over pay and staffing continues. Ambulance workers in London, Yorkshire, the South West, North East and North West will be involved in the industrial action. Strikes will
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Downing Street has insisted that the UK’s economy is strong despite the International Monetary Fund’s warning that Britain’s economy will go into reverse this year and will fare worse than all other advanced nations. In its latest World Economic Outlook update, the IMF downgraded its UK gross domestic product (GDP) forecast once again, predicting a
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