A crown-shaped ring, designed and worn by California rap legend Tupac Shakur shortly before his assassination in 1996, fetched more than $1 million at a hip-hop auction. The gold jewel, adorned with rubies and diamonds, is now the most expensive object related to hip-hop ever acquired at auction, according to …
Read More »TotalEnergies faces second lawsuit over Uganda oil projects
Five activist groups have sued French oil major TotalEnergies for a second time over its projects in Uganda and Tanzania in a Paris civil court, they said on Tuesday, after an earlier fast-track attempt was dismissed in February, Reuters reported. The French and Ugandan groups, led by Friends of the …
Read More »Crypto industry already has its sights set on the 2024 US elections
More and more industry voices believe that the fate of the crypto sector will be decided after the 2024 elections in the United States. A few weeks ago, the American stock market policeman came into conflict with the two cryptocurrency giants Binance and Coinbase. Since then, the cryptocurrency industry, more …
Read More »Hong Kong opens cryptocurrency market to all retail investors
Hong Kong on Thursday launched a new regulatory scheme that allows retail investors to trade cryptocurrency on licensed platforms, bucking the global trend of tightening rules after the industry crashed last year. The spectacular bankruptcies in recent months of the FTX cryptocurrency exchange and several US banks focused on this …
Read More »IMF and Ivory Coast agree on a loan of 3.5 billion dollars
The International Monetary Fund (IMF) has approved a $3.5bn (£2.8bn) loan agreement with Ivory Coast, which it says is designed to tackle financial challenges and assist economic transformation. The West African country will receive nearly $500m immediately. Further funds will be dependent on Ivory Coast making structural changes to its …
Read More »Joe Biden warns those responsible for SVB bankruptcy
Those responsible for the failure of Silicon Valley Bank (SVB) and the financial institution Signature Bank will be “accountable”, US President Joe Biden said. “I am firmly committed to holding accountable those responsible for this mess,” Joe Biden said in a statement, assuring that “American people and businesses can be …
Read More »South African MPs end sponsorship deal with Spurs
South African MPs have dropped a proposed sponsorship deal with Premier League club Tottenham Hotspur which sparked a public outcry after details leaked to the media. The country’s official tourism board had conditionally approved the proposed three-year deal worth 900m South African rand ($52.5m). But critics said the amount could …
Read More »New York State bans some cryptocurrency mining
New York State has banned for a period of two years part of the “mining” activities of cryptocurrencies, the creation of virtual currencies considered too greedy in energy. This is the first US state to suspend all or part of these activities. A very energy-intensive mining activity Democratic Governor Kathy …
Read More »Botswana: battery theft affects phone service
Surging world prices for rechargeable batteries are being blamed for the growing theft of lithium cells from mobile phone towers in Botswana., local media reported The country’s biggest mobile operator, Mascom Wireless, said the thefts were compromising the quality of its service to subscribers. On Tuesday, the Botswana police said …
Read More »China lost 11% of its billionaires in one year
The number of billionaires in China has experienced its strongest decrease in 24 years this year, according to an annual classification, while the second world economy slows down under its strict Zero Covid policy and the real estate crisis. According to the ranking established by Chinese cabinet Hurun and published …
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