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India’s prime minister Narendra Modi has called for the mandate of multilateral lenders such as the World Bank to be expanded, as the IMF’s managing director demanded an increase in the lender’s resources by the end of the year. Efforts to boost the balance sheets and reform the governance of the Washington-based multilateral lenders have
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China has challenged the planned US presidency of the G20 in 2026, according to officials briefed on the discussions, in a move that underscores the deep sense of mistrust between Beijing and Washington. Chinese officials used diplomatic meetings at the G20 summit in New Delhi this week to voice opposition to the US assuming the
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E-commerce revenue-based finance provider, Wayflyer announced that it has signed a $1 billion funding deal with investment firm, Neuberger Berman NBXG . The funding, which is an off-balance sheet (OBS) program, will support Wayflyers growth and expand its financing solutions. Wayflyer customers usually take out loans between $300,000 to $400,000 for inventory purchases, shipping costs,
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Major cryptocurrencies surged on Friday following reports that global financial powerhouse JPMorgan is venturing deeper into the world of cryptocurrencies. The company is said to be developing a cutting-edge blockchain-driven solution to facilitate seamless cross-border transactions.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD +2.30%$26,308Ethereum ETH/USD +1.17%$1650Dogecoin DOGE/USD +0.37%$0.063 What Happened: According to a Bloomberg report, JPMorgan
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RESEARCHERS BEWARE — North Korea-backed hackers target security researchers with 0-day Google researchers say currently unfixed vulnerability affects a popular software package. Dan Goodin – Sep 7, 2023 10:05 pm UTC EnlargeDmitry Nogaev | Getty Images reader comments 10 with North Korea-backed hackers are once again targeting security researchers with a zero-day exploit and related
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On August 2nd, 2023, a significant event occurred in the crypto world: Litecoin's LTC supply halved. Reflecting Bitcoin's deflationary model, these halvings have historically sparked significant price increases, thus attracting the attention of cyclical traders. Despite the potential, the event's infrequency occurring only once every four years constrains the scope for regular trading opportunities. Solving
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In a significant move towards modernizing cross-border financial transactions, payments giantVisa IncV announced on Tuesdayits plans to extend its stablecoin settlement capabilities to the Solana SOL/USD blockchain. This development came in collaboration with major merchant acquirers, Worldpay and Nuvei. Visa's recent endeavors have seen millions of Circle USDC/USD being transacted between its partners over both
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