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If U.S. defaults on debt Bitcoin could rise nearly 70%, says Standard Chartered analyst
Bitcoin bulls have had a good year so far. If the US defaults on its debt, it could get better, at least in terms of its investment in bitcoin.
This is according to Jeff Kendrick, Head of Digital Asset Research at Standard Chartered.…
Bamburi Cement profit plunges 87pc to Sh181 million
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Bamburi Cement profits down 87% to Sh181m
Friday, April 28, 2023
A cement truck leaves the Bamburi factory in Mombasa. file image | NMG
Bamburi Cement's net profit for the year ending December 2022 fell 86.9% to Sh181m…
Lloyds Bank orders staff to return to the office ‘at least’ two days a week
Hybrid workers will have to spend at least two days a week in the office, Lloyds Banking Group told employees, with "card withdrawal data" used to monitor their returns.
Lloyds Banking Group's decision to change its working from home…
Energizer, Walmart sued for conspiring to raise battery prices
breadcrumb links PMN Business Article author: Posted April 29, 2023 • 2 minutes to read Article content NEW YORK — Energizer Holdings Inc. and Walmart Inc. have been sued by consumers and retailers in three…
Israel and China take further step towards free trade pact
China and Israel continue to make progress on the free trade agreement. The Ministry of Foreign Affairs of the People's Republic of China reported that at the end of March, another round of direct talks on the agreement…
Five dead in Texas shooting, armed suspect on the loose- ABC News By Reuters
(Reuters) - Five people, including an 8-year-old boy, were killed in a shooting at a home in Cleveland, Texas, ABC News reported Saturday, citing police and local authorities. The shooting took place late Friday and the police are…
Market Rally Shakeout May Be Bullish Signal; JPMorgan Eyes First Republic After FDIC Takeover
The stock market rally fell sharply over the past week, but rebounded to close with solid gains, a change that could pave the way for a stronger advance. JPMorgan Chase and PNC Financial are competing to buy First Republic Bank (FRC)…
Solar developers likely safe from tariffs after narrow House vote (NYSEARCA:TAN)
VioNettaStock/E+ via Getty Images The US House of Representatives voted on Friday to reverse President Biden's suspension of tariffs on solar panels from four countries in Southeast Asia, which China has used as a workaround to boost…
Federal Reserve review pins blame for SVB failure on Donald Trump-era rule changes
The failure of the Silicon Valley bank last month resulted from weak regulations during the Trump administration and missteps by internal supervisors who were too slow to correct management mistakes, the US Federal Reserve said in a…
Lyme disease risk is rising as weather heats up
Researchers say it's hard to predict how tick season will end. Scientists said this year's mild winter and earlier snowmelt could mean more ticks earlier than usual and a wider spread of Lyme disease and other tick-borne diseases.…
