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Only Half of Global Rate Hikes Set to Be Taken Back by End-2025
Major advanced economy central banks are likely to take back less than half of the interest-rate hikes they rammed through over the past two years — an outlook reshaped significantly by US outperformance.
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German Who Traded on Perella Insider Tips Jailed for Three Years
A Frankfurt court sentenced a man to three years and three months in prison for making millions of euros trading on inside information he got from a London-based banker at Perella Weinberg Partners LP.
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Sweden Ramps Up Defense Spending Goal to 2.6%, Past NATO Target
Sweden’s military spending is set to rise to 2.6% relative to the size of its economy by 2030, with the newest NATO member planning to surpass the alliance’s common goal.
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Meet ZiG, Zimbabwe’s Latest Shot at a Stable Currency
In the latest effort to devise a credible national currency, Zimbabwe has replaced its dollar with the ZiG, short for Zimbabwe Gold. The new unit is backed by bullion and foreign currency reserves held at the central bank. All told, the ZiG is the country’s sixth attempt at establishing its own currency since 2008, when […]
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Review: Here There Are Blueberries Investigates a Nazi Photo Album
A mysterious album filled with photos of smiling happy Nazis picnicking and partying shows up at the U.S. Holocaust Memorial Museum in 2007. The first page is inscribed, “Auschwitz, June 21, 1944.” Where did it come from, and how should archivists dedicated to preserving the memory of the millions killed in Nazi death camps handle […]
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Brickbat: Bus Stopped
Littleton, Colorado, police have arrested Kiarra Jones on charges of third-degree assault for crimes against an at-risk juvenile. Video captured Jones, a paraprofessional with Littleton Public Schools, slapping a 10-year-old boy with autism in the face, stomping his feet, and elbowing him in the stomach as they rode a school bus to a school for […]
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Pantera Capital Aims to Raise $1 Billion with New Crypto Fund
Pantera Capital, a leading digital asset manager, is on a bold quest to secure over $1 billion for its latest endeavor, the Pantera Fund V. This ambitious move, aimed at attracting institutional investors, seeks to provide broad exposure across diverse blockchain assets. With a minimum investment threshold set at $1 million, the fund targets qualified […]
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Namibia’s Oil Riches May Require Large Developments Mirroring Guyana’s, TotalEnergies CEO Says
Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position.
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Drop in BOJ’s Bond Holdings Gives Market Taste of Quantitative Tightening
Investors in Japanese government bonds have already had a taste of quantitative tightening by the nation’s central bank.
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Facebook Scams Demand Stricter Online Rules, Japan Lawmaker Says
Japan must implement laws to better regulate companies like Meta Platforms Inc. when they fail to address social media scams, the head of the ruling party’s digital promotion working group said.
