- A + A SINGAPORE (Aug 9): Cryptocurrency investment is "highly hazardous" but meltdowns in the sector have not created financial-stability risks for Singapore, regulators in the city-state said after another digital-asset firm ran into trouble. The Monetary Authority of Singapore (MAS) has rescinded its in-principle approval for crypto lender Hodlnaut to obtain a licence to provide digital payment token services under the Payment Services Act, an MAS spokesperson said in an emailed statement on Tuesday. That came after Hodlnaut told MAS of its intention to withdraw its application amid its halt in customer withdrawals announced on Monday. It had been one of the few firms granted in-principle approval by MAS under the Act. "MAS has been continually reminding the general public that dealing in cryptocurrency is highly hazardous," the regulator's spokesperson said in response to an inquiry about Hodlnaut's situation. "Not only are the values of cryptocurrencies … [Read more...] about Singapore regulator reiterates crypto dangers amid Hodlnaut woes
Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.
Share to Twitter Share to Linkedin Sports fans are in luck right now, as we are about see a convergence of huge events, many of them held only once every two to four years, along with some entirely new but very high-profile options. Here are some of the biggies and how you can go see them. World Cup 2022 Next up is the world’s No. 1 sports spectacle, the men’s soccer World Cup, a quadrennial tournament like the Summer or Winter Olympic Games. Soccer is the most popular spectator sport in the world, and if you don't go this fall, you won't be able to see it again until 2026. Every World Cup is rare in the sense of the four-year cycle, but this one is even more notable because of a couple of firsts, including the fall dates, so it does not conflict with the busy summer family vacation travel season, and the Middle East location (not without some controversy, a ccording to the New York Times ). As a result, 1.3 million visitors are expected to visit Qatar … [Read more...] about Sports Travel—How To Attend The Biggest Sports Events In The World
Share to Twitter Share to Linkedin The Cake Boss made sure this Super Bowl dessert would be sweet for fans of both teams. In my last post , I wrote about how impressed I was with Indianapolis as a tourist city and as a host for what had to be the smoothest, best run Super Bowl imaginable. In a week filled with parties, big name concerts and all sorts of VIP events, the Taste of the NFL and its Party With A Purpose took the cake - except in this case the cake was a huge depiction of a football field complete with edible Eli Manning and Tom Brady jerseys and even the Vince Lombardi Trophy. The thing that makes this event so notable is that it is not new and not specific to any host city - it has been held for 21 straight years of Super Bowls, and will be held again next year (2013) in New Orleans, and after that in New York, and then Phoenix. My suggestion? Buy a ticket. The cool thing is you don’t have to be going to the game, which for most … [Read more...] about Super Bowl’s “Taste Of the NFL” – The Best Food Event You Never Heard Of
Mining firms heaved a huge sigh of relief following Malacañang’s policy pronouncement that the government will ramp up the development of the industry to shore up the economy. Miners in Zambales, in particular, must have also felt vindicated by the recent audit conducted by the Mines Geosciences Bureau (MGB) that they passed with flying colors. According to reports, these mining companies—Benguet Corp. Nickel Mines, Eramen Minerals Inc., LNL Archipelago Minerals Inc. and Zambales Diversified Metals Corp.—got an aggregate score of 97.86 last year from 93.07 the previous year. They were assessed for safety and health, environment and social development management performance. Veteran stockbroker and now Eagle Securities senior consultant Den Somera told Biz Buzz that the Marcos administration’s policy is most welcome. “The industry has suffered immeasurable losses because of the successive shutdowns,” he said. “I hope that the present government will follow through with this … [Read more...] about BIZ BUZZ: Awaiting Marcos’ mining moves
Share to Twitter Share to Linkedin D onald Trump has made a lot of investments over his career. One of the flashiest, his purchase of Mar-a-Lago, also turned out to be one of the best. Trump paid an estimated $10 million for it in 1985 and turned it into a moneymaking club, before a rising real estate market made it one of the most valuable homes in the world. Today, the crown jewel of Palm Beach is worth an estimated $350 million. The property, which the former president said the Federal Bureau of Investigation raided on Monday, was historic long before Trump got involved with it. The cereal heiress Marjorie Merriweather Post built the estate from 1924 to 1927, incorporating details befitting the Roaring Twenties. Stones traveled from Genoa, Italy via three ships. Silk-needlework panels came from an old palace in Venice. The living room rug hailed from a Spanish monastery. In 1973, Post passed away, bequeathing Mar-a-Lago, which means “sea to … [Read more...] about How Much Has Trump Made From Mar-A-Lago, His Palm Beach Estate Under Siege?
Share to Twitter Share to Linkedin President Donald Trump, first lady Melania Trump, right, Japanese Prime Minister Shinzo Abe and his ... [+] wife Akie Abe, left, at Mar-a-Lago club in April 2018. (AP Photo/Pablo Martinez Monsivais) Seated for photos with Japanese Prime Minister Shinzo Abe last Tuesday, Donald Trump couldn’t help but take in his overly extravagant, gilded living room. “Many of the world’s great leaders request to come to Mar-a-Lago,” Trump boasted from an ornate white couch during what was billed as the opening remarks for a bilateral meeting with Abe on trade and North Korea. “They like it; I like it.” The Palm Beach club has become the president’s favorite weekend getaway. It’s also one of the best investments he’s ever made. Trump purchased Mar-a-Lago in 1985 for about $10 million — $5 million for the massive home, a reported $3 million for its lavish furnishings, plus another $2 million for 400 feet of prime … [Read more...] about Donald Trump Has Gained More Than $100 Million On Mar-a-Lago