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Politics

Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say

Retailer’s management to seek two-week extension of legal protection from creditors in high court MPs have accused the owner of Poundland of extracting millions of pounds from the budget retailer when it was on a “knife-edge” as it seeks extra time to secure a rescue deal. The management of Poundland, which employs 12,000 people and operates 600 stores in the UK and Ireland, will seek a two-week extension of legal protection from creditors from the high court on Thursday morning. Continue reading...

The Guardian
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Politics

Double amputee marathon runner criticises Badenoch for ‘weaponising his success’

Paralympian Richard Whitehead ‘gobsmacked’ at Tory leader’s speech over proposed £36bn welfare cuts The double amputee marathon runner Richard Whitehead has criticised Kemi Badenoch for “weaponising his sporting success” to justify her proposed £36bn welfare cuts. The Conservative leader used the example of “double amputees running marathons” in a speech this week to explain the reasoning behind her proposed cuts to disability benefits, which she said were enabling people to “live a life of dependency”. Continue reading...

The Guardian
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Crypto

Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K

Why is crypto crashing today? BTC/USD fell to $73,700 overnight, down another 0.8%, as $744M in liquidations triggered another market-wide crash after hotter-than-expected CPI data on November 10 spiked fears of further rate hikes later this year. With macroeconomic tailwinds driving high volatility, Elon Musk’s Grok AI predicts Bitcoin could crash to $40K by the […] The post Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K appeared first on Cryptonews.

CryptoNews
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Crypto

Bloomberg: Nomura Holdings considers selling its encryption business Laser Digital, Marex is evaluating acquisitions

According to Bloomberg, citing people familiar with the matter, Japan’s Nomura Holdings is considering selling its encryption business Laser Digital Holdings AG and has started contacts with potential buyers, including Marex Group, which is evaluating acquisitions. No final decision has been made and Nomura may choose another buyer or retain the business. Founded in 2022 and headquartered in Zurich, Laser Digital mainly provides crypto asset trading, asset management and venture capital services to institutional investors. Affected by the violent fluctuations in the crypto market, the company suffered large losses, causing Nomura's European business to fall into a quarterly loss, and management subsequently tightened risk control. Laser Digital recently obtained a Japanese crypto-asset trading services license and received conditional approval for a U.S. National Trust banking license in May this year. Even as Nomura considers selling the business, Japan is pushing ahead with the listing of cryptocurrency ETFs and a reduction in tax rates on related investment income, with the first ETFs likely to be launched as early as next year.

吴说区块链
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