November 16, 20240 Comments

Record numbers of customers on social tariffs

BBC Morgan Davies and Ellie Bryan got their water bills cut after a no-fault eviction left them struggling The number of households seeking help with water bills in England and Wales rose by more than 250,000 last year, according to figures seen by the BBC, but support varies widely depending on where people live. Water companies spent almost £259m on “social tariffs” last year – discounted bills to help low-income

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November 16, 20240 Comments

Can Trump impose tariffs without Congress? It’s complicated, according to experts.

What President-elect Trump’s proposed tariffs could mean for the economy What President-elect Trump’s proposed tariffs could mean for the economy 02:13 Donald Trump, who recently described “tariff” as “the most beautiful word in the dictionary,” has proposed a range of taxes on imports from other countries. The president-elect’s stated aim: to reduce American companies’ use of foreign goods and parts by raising their cost, a policy he contends would strengthen the

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November 16, 20240 Comments

USDT Issuer Tether Unveils Asset Tokenization Platform ‘Hadron’

The service encompasses the full life-cycle of tokenization, including tools for risk management, know-your-customer (KYC) and anti-money-laundering (AML) compliance and secondary market monitoring. The platform at the beginning supports Ethereum, Avalanche and Bitcoin scaling network Liquid by Blockstream, and “soon” will add the Telegram-adjacent TON network and other smart contract chains, a Tether spokesperson said in an email to CoinDesk. Source link

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November 16, 20240 Comments

UK Government Plans Pilot for a Digital Gilt Instrument Using Distributed Ledger Technology

Finance Minister Rachel Reeves will unveil the digital gilt instrument pilot, a “Financial Services Growth and Competitiveness Strategy,” measures to regulate Environmental, Social and Governance (ESG) ratings providers and measures to regulate pension mega funds during her first Mansion House speech on Thursday. Gilts are U.K. issued government bonds. Source link

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November 16, 20240 Comments

Six US Banks Issue Urgent Debit Card Alerts, Forcing Mandatory Replacements for Many, After Third-Party Security Breach

Six US banks are reporting potential security breaches of debit cards, with several forcing affected customers to get replacements. In new filings with the Massachusetts state government, Mainstreet Bank, Savers Bank, The Village Bank, Watertown Savings Bank and Webster Five Cents Savings Bank and Eagle Bank say some debit cards may have been compromised following a security breach of a merchant’s payment card platform. A copy of a notice sent

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November 16, 20240 Comments

T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports

(Reuters) -T-Mobile’s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a monthslong campaign to spy on the cellphone communications of high-value intelligence targets, the Journal added, without saying

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November 16, 20240 Comments

Heavy turbulence forces Scandinavian Airlines flight bound for Miami to return to Europe

Extreme turbulence Thursday over Greenland forced a Scandinavian Airlines flight from Stockholm to Miami to turn around and return to Europe. Dramatic video from Scandinavian Airlines Flight 957 showed the severe turbulence that left some of the 254 passengers screaming and the cabin littered with debris. There were no reports of any serious injuries on the flight. The pilots chose to make a U-turn and fly about five hours back

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