Swiss regulator finds JPMorgan broke money-laundering rules
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RT @Lebeaucarnews: Tesla shares pop after trucker JB Hunt reserves 'multiple' semitractor-trailers https://t.co/eoFyvcVjEd https://t.co/6Dn…
Square shares rise after Evercore ISI says bitcoin test is innovative, upgrades stock https://t.co/LdcU07RJg1
Bitcoin extends losses after Fed chief urges halt to Facebook's crypto project. LONDON (Reuters) - Bitcoin dipped almost 8% on Thursday, extending losses the day after U.S. Federal Reserve Chairman Jerome Powell called for a halt to Facebook's Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed. "This is a direct response to the Powell testimony and comments on Facebook's Libra and the implications that could have for the entire cryptocurrency space," said Craig Erlam, senior market analyst at FX trading platform OANDA. "Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability," Powell told the committee, adding that he did not think the project could proceed unless those concerns were addressed.
LONDON, July 11 (Reuters) - Facebook's proposed Libra digital coin must show it is "rock solid" before it can be allowed to launch, Bank of England Governor Mark Carney said on Thursday. The social media giant plans to build a digital currency, raising concerns among global regulators that it could quickly become systemic given Facebook's huge cross-border reach. Carney, who joins a growing chorus of central bankers unsettled by the project, said many issues needed addressing first, such as anti-money laundering and terrorist financing controls, and managing and safekeeping the assets underpinning Libra. "If you are a systemic payment system, you have to be on all the time. You can't have teething issues, you can't have people losing money out of their wallets," Carney said.
AECOM~African Utility Week~AfriSam~Arup~ASP Fire~Atlas Copco~Barloworld Logistics~Bearings International~Camasa~Constructional Engineering Association~Corestruc~DEHN Africa~ELB~Engen~False Bay TVET College~Fasken~Goscor Group~Hilti~IFAT Africa~ISG~Juwi~NCPC (National Cleaner Production Centre)~Powermite~Pragma~Pyrotec Packmark~Rifle-Shot Performance Holdings~SACEEC~Seifsa~Siemens~SKF Group~Skyriders~SMS~SMS group~SRK Consulting~SSG Consulting~Syspro~thyssenkrupp~Universal Storage~WEC Projects~Weir Minerals Africa~Westcon-Comstor~WSP. ATI, one of the leading training institutions in South Africa, is strongly positioned to develop the DBTTC, ensuring an increase in the throughput of trained artisans in the region, and the future operation of the facility. “We are delighted that the De Beers group has put its trust in ATI to continue the excellent track record of producing skilled artisans at an internationally accredited level at the campus,” says Jones. ATI has been working closely with government and private sector partners to expand its technical training offering to create new pathways for youth to enter the job market.
Facebook's Libra must be 'rock solid' before launch warns BoE's Carney. LONDON (Reuters) - Facebook's proposed Libra digital coin must show it is "rock solid" before it can be allowed to launch, Bank of England Governor Mark Carney said on Thursday. The social media giant plans to build a digital currency, raising concerns among global regulators that it could quickly become systemic given Facebook's huge cross-border reach. But Carney said many issues needed addressing first, such as anti-money laundering and terrorist financing controls, and managing and safekeeping the assets underpinning Libra. "If you are a systemic payment system, you have to be on all the time. You can't have teething issues, you can't have people losing money out of their wallets," Carney said.
Facebook(NASDAQ: FB) wants to buy game studios and sign exclusive deals with publishers for virtual reality (VR) versions of popular games, according to The Information. The Wednesday report, which cites two people familiar with the matter, claims that Facebook plans to invest less than $1 billion on this new initiative. That's a fairly small figure for Facebook, which generated $55.8 billion in revenue and $22.1 billion in profits last year. But it indicates that its long-term VR plans, which stem from its $2 billion acquisition of Oculus VR in 2014, remain on track. Facebook launched the first commercial version of the Oculus Rift in 2016, but the headset's high launch price of $600, its need to be paired to a high-end gaming PC, awkward tethering cables, and lack of compelling software throttled its sales.
SYDNEY, July 11, 2019 /PRNewswire/ -- OnePlace Solutions, a leader in intelligent communication and productivity solutions, today announced it has achieved Microsoft IP Co-Sell status. The IP Co-Sell status means greater opportunity for OnePlace Solutions' partners to sell with Microsoft and add to the US$8 billion partner revenue currently created by the program. OnePlace Solutions, CEO, James Fox said, "We've transitioned to become a SaaS business, building solutions on Microsoft Azure and publishing to the AppSource marketplace. We are excited to hear key announcements next week at the Microsoft Inspire conference in Las Vegas, including investments being made to support ISV's in Microsoft Partner Center and the cloud marketplace." The OnePlaceMail App delivers on the company vision of enabling people in business to do more, simply and drives greater adoption of Microsoft Teams and SharePoint by connecting end users with business solutions on the Office 365 platform.
Apple(NASDAQ: AAPL) received a vote of confidence on Wednesday when Evercore ISI analyst Amit Daryanani reaffirmed his outperform rating for the technology giant's shares. While investors should never rely solely on an analyst recommendation for their investment decisions, Daryanani does have an interesting point about why he thinks sentiment toward the stock is improving this year. Supporting Daryanani's bullishness on Apple stock is his take on the company's fast-growing services business. The lucrative segment's rapid growth and management's increasing focus on it are causing investors to reevaluate the way they think about Apple, the analyst argues. To help support continued growth in the segment, Apple unveiled four new major services earlier this year, including Apple News+, Apple Card, Apple Arcade, and Apple TV+. If the segment can keep delivering strong growth and maintain its impressive profit margin, Apple could easily earn a price-to-earnings ratio of 20 or greater -- up from its P/E of 17.1 today -- as investors realize the value of a more sustainable and higher-margin business than the hardware sales that got Apple to where it is today.
Managers at Tesla's largest outside shareholder, Baillie Gifford, rarely speak publicly. When they do, the electric automaker is usually not the topic of conversation. However, the firms' partner James Anderson had blunt advice for Elon Musk in the wake of a tumultuous year and multiple strategy changes. Tesla CEO Elon Musk made a bold pitch to investors earlier this year: one million robo-taxis on the streets by 2020, helping boost the electric automaker's market value by more than 1000% to $500 billion. Even by Tesla standards, it was quite the strategy shift. So drastic even that the company's largest outside shareholder is urging Musk to maintain his focus on Tesla's core mission. "One should, on the whole, try not to give too many targets that may not be attainable, with specific dates at establishment," James Anderson, a partner at Scottish investment firm Baillie Gifford told Bloomberg News on Wednesday from Sun Valley, Idaho, where the world's tech moguls are gathered this week for Allen & Company's annual summer conference. Baillie Gifford, which manages about $221 billion in assets, has long remained quiet on its Tesla stake throughout the company's tumultuous past 12 months. Even as the company's market value has sunk more than 37% from its recent highs amid legal fights with regulators, the firm has declined requests to speak publicly to Business Insider about its investment in the company.
The advice comes amid privacy concerns for the social media giant. Apple co-founder Steve Wozniak questioned if the technology so many of us have embraced might actually be working against us. “Who knows if my cellphone is listening right now,” he told the tabloid news website earlier this month. While Wozniak acknowledged the benefits of Facebook might be worth it for some, he admitted he usually gives “most people” the same advice when it comes to their presence on the social network. Earlier this year, Facebook CEO Mark Zuckerberg shared his vision for “a privacy-focused messaging and social networking platform.” Zuckerberg wrote the goal is to build a “simpler platform” that puts “privacy first.”.
With broadband deals usually being split into two categories - fibre and ADSL - there is one area that tends to be easily forgotten, faster fibre broadband packages. Many providers offer a boosted version of fibre broadband deals, often with names such as 'fibre max', 'fibre boost' or 'super boosted maxed fibre'...Okay that last one isn't real but it's not far off. But names aside, these packages are a great way to increase your speeds without having to pay a whole lot more. We've listed all of the standout options below, ranging from the names you know such as Plusnet broadband deals through to the names that may not be so familiar like Hyperoptic. TalkTalk Faster Fibre Speed Boost | 18 months | Avg speeds 67Mb | Line rental incl.
There's not much happening right now, come back later to see who's started trending.
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