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News & Articles By Belle Carter
12/14/2022
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By Belle Carter
Chinese police bust gang that laundered $1.7B in cryptocurrency using Tether stablecoins
Chinese law enforcement recently arrested 63 people who allegedly used cryptocurrency to launder a total of 12 billion Chinese yuan or $1.7 billion. The suspects, allegedly part of a criminal gang, were arrested as part of Beijing’s crackdown on digital currency trading. Officers from the public security bureau (PSB) of Tongliao City in China’s Inner […]
12/07/2022
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By Belle Carter
Amazon to fire 20,000 employees – the largest staff reduction in company’s history
People with knowledge of the matter have confirmed that multinational e-commerce and tech giant Amazon will be laying off 20,000 of its employees, including top managers, data scientists, software engineers and other corporate workers. This represents the largest staff reduction in the company’s history. The latest update from sources, who requested anonymity because they were […]
12/06/2022
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By Belle Carter
Corporate America fires 13% of workforce, creates fewer jobs amid recession fears
Giant companies in the U.S. resorted to mass layoffs in preparation for an eventual economic recession. Moreover, they were also slow to hire and create jobs over the past few months. In October alone, 13 percent of employees were laid off – the highest jump since February 2021. Job creation and hiring also slowed down […]
12/04/2022
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By Belle Carter
CRYPTO CURSE: Russian crypto billionaire dies in mysterious helicopter crash
Russian billionaire Vyacheslav Taran of the Libertex Group became the latest crypto executive to die under mysterious circumstances in recent weeks. The 53-year-old Taran died on Nov. 25, when the helicopter he was in plunged near the French resort town of Villefrance-sur-Mer. The single-engine H130 helicopter flown by an experienced pilot took off from Lausanne in […]
11/30/2022
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By Belle Carter
Companies no longer require college degree for some higher-paying jobs, preferring more extensive work experience instead
Some major players in the industry are taking out the college degree requirement for many high-paying jobs amid the tightening of the labor market. The Wall Street Journal reported that Alphabet Inc.’s Google, Delta Air Lines Inc. and International Business Machines (IBM) Corp. have lowered the educational attainment required for some positions. The big companies leaned toward hiring […]
11/29/2022
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By Belle Carter
Russia to establish a national cryptocurrency exchange
Russian legislators have been collaborating on creating a national cryptocurrency exchange, a move that was reportedly supported by the Ministry of Finance and the Central Bank of Russia. These government entities have a long history of conflict over crypto legislation in the nation, but have now come together to support the initiative. According to local […]
11/24/2022
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By Belle Carter
PLUMMET: Maritime, rail and trucking demand DROPS sharply from pandemic era peak
Container imports, rail intermodal shipments and truckload demand have dropped sharply from their lofty peaks during the Wuhan coronavirus (COVID-19) pandemic era. The Inbound Ocean TEUs Index (IOTI), which measures container import bookings, is currently just six percent higher than in November 2019, after averaging 80 percent above pre-pandemic levels through most of 2021. Loaded […]
11/23/2022
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By Belle Carter
Japan’s central bank won’t hike interest rates amid highest inflation in 40 years
The Bank of Japan (BOJ) said it would not raise interest rates amid the Land of the Rising Sun’s 40-year-high inflation, insisting on an easy monetary policy. Reuters reported that the nationwide core consumer price index in Japan went up by 3.6 percent compared to a year earlier. It also marked the highest surge since […]
11/22/2022
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By Belle Carter
Shoppers burdened by inflation are turning to discount supermarkets Walmart and Dollar General
Discount stores such as Walmart, Dollar General and others are seeing a rise in “wealthier” shoppers, as more and more Americans beset by inflation turn to budget retailers. According to the Daily Mail, the Jeff Bezos-owned Whole Foods offers bread at $4.79 and milk at $8.99. Walmart and Dollar General sell both food items at way lower […]
11/21/2022
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By Belle Carter
Disney is on the verge of financial collapse, leaked memo reveals
The multinational mass media and entertainment conglomerate Walt Disney is traipsing on the edge and is about to fall into the dark pit of financial collapse, according to CEO Bob Chapek’s memo to his top executives. According to the leaked memorandum, Disney has over $1.4 billion in operating losses for its streaming segment for the quarter […]
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