UAE rolls the dice with first lottery licence, unveils new gaming rules
Regulators in the UAE made a historic move on Sunday by approving the nation’s first lottery licence and publicising comprehensive casino and gambling regulations. This landmark decision positions the UAE to become the first Gulf state to legalise gaming, marking a significant shift in the region’s economic and entertainment landscape. Commercial gaming The General Commercial…
Read MoreEuroMed Venture Capital investments 2023 recap
2023 has proven to be a bumper year for world economies. Inflation, international security and instability have plagued the year. The flipside to turmoil is the creation of pockets of opportunities. In 2023 EuroMed went into overdrive with its Venture Capital department and doubled down its proprietary investments in fintech companies and affiliation. The department…
Read MoreUS Debt Hits A Record $34.001 Trillion
The US Treasury has a morbid habit of revealing big, round numbers of debt around major calendar milestones, and the new 2024 year was no different because according to the latest Treasury Daily Statement published after the close today and reflecting the US Treasury’s financial statements as of Dec 29, 2023, total US debt as…
Read MoreSwiss National Bank Urged To Exit Investments In Fracking
The Swiss National Bank (SNB) was urged to divest from oil and gas fracking companies on Monday, when climate activists handed over a petition signed by 60,000 people demanding the Swiss central bank exit its fracking investments. Last month, a study by SNB Coalition and Climate Alliance Switzerland showed that the Swiss bank had investments worth a total of $16.1…
Read MoreGerman Energy Giant Warns Europe Remains Exposed To Natural Gas Supply Shocks
Despite reducing significantly its dependence on Russian gas, Europe remains exposed to natural gas supply and price shocks as it lacks any buffers in the system, the CEO of Germany’s top utility, RWE, told the Financial Times. “But we are not where we need to be because we shouldn’t have an energy supply system which is…
Read MoreFrom bears to bulls to AI booms
Bears did it again? The massive move lower in the AAII bull – bear spread (outlined here) has resulted in markets squeezing lately. Nothing new, but frustrating for the crowd. Source: Refinitiv Smart money Smart or not, but they missed the latest squeeze… Source: Barclays Buyback ATH 29% of global stocks are buying back their shares,…
Read MoreJPMorgan Chase to spend $200 million on carbon dioxide removals
LONDON, May 23 (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) will spend over $200 million on carbon dioxide removal credits to take away and store 800,000 tons of emissions as part of its sustainability efforts, it said on Tuesday. Even with pledges of huge reductions in emissions, many scientists believe extracting carbon dioxide (CO2) by…
Read MoreEurope Agrees To Remove Energy Support Stimmies To Cut Budget Deficits
In a move that could send Europe into an even a deep recessionary tailspin and crush the continent’s long-suffering consumers, should Europe’s energy problems extend into the new year, which they almost certainly will – last Thursday Euro zone finance ministers agreed to withdraw energy support measures to their economies and use the savings to cut…
Read MoreAmazon To Invest $100M In Generative AI Center
Amazon To Invest $100M In Generative AI Center
Read MoreIn Latin America, China Gets Down To Business As U.S. Dithers
Before COVID-19 raged through Chile in all its lethal power, Jorge Barrios sat in his living room using sanitation wipes to scrub a recently received package. “It’s from China,” he said. “You have to be careful with these things.” It was February 2020, and although most Chileans had heard of COVID and its ability to kill,…
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