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Dr Scott Gottlieb soon sees Covid boosters for vulnerable people in the United States



Dr. Scott Gottlieb told CNBC on Monday that he believed booster shots of the Covid vaccine would begin to be given in the United States as early as next month to the elderly and those with weakened immune systems.

“I guess by September or October we will be giving booster shots to older people who are definitely immunosuppressed,” said the former head of the Food and Drug Administration, who is currently a member of the board of directors of several companies, whose Pfizer. “I just think we’re on a slower path here,” he said on “Scream box”, in reference to recall plans from other countries.

“Frankly, it’s unfortunate because I think at least for the elderly and people who were vaccinated in December, January should consider this more actively,” he said, adding that these people seem to be. more susceptible to the virus at the moment. “[This is] certainly worrying, as these infections will eventually spread and turn into a more serious illness. “

Gottlieb, who led the FDA from 2017 to 2019 for Donald trump, said the booster would be a third dose of the existing vaccine available in the United States, unless the virus changes that would make vaccines ineffective against current strains. He said the US government has purchased enough vaccines to give boosters to its entire population.

“For people who think this is a zero-sum game and that giving reminders to Americans is going to take vaccines away from other countries, these vaccines have already been purchased. Many of them have been bought. stored, ”Gottlieb said. “They exist and they will not be used unless they are used by the US government. The US government will maintain a stockpile of the Covid vaccine for a national security issue.”

Questions about the need for booster shots circulated ahead of schools reopening in the fall and news spread coronavirus variants.

Two of the three Covid vaccines currently administered in the United States, two-shot regimens from Pfizer and Modern, were cleared for emergency use by the FDA in late December. Both of these companies have requested full approval. The unique vaccine of Johnson & johnson received emergency use authorization in February. J&J has yet to seek full approval.

Nearly 165 million people in the United States are fully vaccinated – nearly 50% of the nation’s population – despite the rate of vaccines administered daily which continues to decline sharply, according to a Centers for Disease Control and Prevention. tracker. Some Americans have already found ways to get extra doses of Covid vaccines, some even “Mix and match” vaccines to receive additional injections from different companies.

The nation is seeing a further rise in Covid cases driven by the more contagious delta variant, first discovered in India. It infects the most unvaccinated areas of the United States

Gottlieb reiterated that he believes the United States is further along the pandemic wave than is officially measured right now. He said again, as he did on Friday he wouldn’t be surprised if a million or more Americans are infected every day. He said on Monday that Florida is the epicenter of Covid right now.

“The South will be fine in a few weeks, but you are going to see cases start to increase in the North. [as well]”said Gottlieb, adding that he didn’t think the wave of infections would hit the northern states so badly, as they have higher vaccination rates. Nonetheless, he warned that the northern states would experience a wave. Similar of delta infections in the fall.

“It’s going to coincide with the restarting of schools. I think it’s going to complicate things. It’s a big country, so this epidemic wave is going to hit different regions at different times,” Gottlieb said.

With more time, he said, it may be discovered that spacing out the first two doses of vaccine delivery can give people a more lasting response against the virus. “We can also optimize the way we deliver the first two doses over time, when we have the luxury to do so when we are not in the grip of a raging epidemic.”

Disclosure: Scott Gottlieb is a CNBC contributor and serves on the boards of directors of Pfizer, genetic testing startup Tempus, health technology company Aetion, and biotech company Illumina. He is also co-chair of the Healthy Sail Panel of Norwegian Cruise Line Holdings and Royal Caribbean.



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SA shares near record as rand boosts banks



South African stocks started August on a positive note, hitting near their all-time high and joining global peers in a rally as some concerns about China’s regulatory crackdown eased and that progress on a US infrastructure spending plan has heightened sentiment.

The FTSE / JSE Africa All Share index rose 0.9%, before trimming gains to 0.5% at 9:56 a.m. in Johannesburg, with the largest companies in the index – Naspers, Anglo American, BHP Group Plc and Richemont – among the leaders the advance. MTN Group won after its Nigerian unit announced an increase in profits.

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Stock benchmarks in Asia climbed on Monday, with shares in Hong Kong and China erasing some of last week’s rout sparked by Beijing’s crackdown on everything from technology to private education and real estate. The nation is also facing a peak in Covid-19 and signs of slowing economic growth, spurring bets on monetary easing and a sovereign debt recovery.

Asian markets are broadly positive overall, despite weaker-than-expected Chinese PMI data for July, citing rising costs, released over the weekend and the biggest resurgence of Covid-19 cases in China as the delta variant is spreading to 18 provinces, ”said Rella Suskin, research manager at Benguela Global Fund Managers in Johannesburg.

  • Naspers, with a 14% weight in the index, is up 1% to give the market the biggest boost, as risk sentiment countered weakness at part-owned online giant Tencent Holdings in Hong Kong . Naspers subsidiary Prosus NV, which owns the company’s 29% stake in Tencent, increases 1.2%
  • Industrial miners climb 0.9% as iron ore prices rise
  • Kumba iron ore + 0.8%, African Rainbow Minerals + 1.6%, Anglo American Plc + 1.5%, Glencore Plc + 1.1%
  • Luxury retailer Richemont earns up to 1.1%
  • Bank stocks rise 0.9% as the rand strengthens
  • FirstRand + 1.1% Capitec Bank Holdings + 1.2%, Standard Bank Group + 1%, Absa Group + 0.8%, Investec Plc + 0.1%
  • MTN grows 2.3% after results from its unit in Nigeria, the company’s largest market
  • Foreign investors were net sellers of South African stocks on Friday, ceding 128 million rand ($ 8.78 million) of shares, according to data from brokerage firm JSE.

© 2021 Bloomberg



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For a Beirut explosion survivor leaving Lebanon, every day is August 4 By Reuters



4/4
© Reuters. Shady Rizk, a survivor injured in the Beirut Port explosion last year, poses for a photo in Beirut, Lebanon on July 30, 2021. Photo taken July 30, 2021. REUTERS / Aziz Taher

2/4

By Yara Abi Nader and Imad Creidi

BEIRUT (Reuters) – For Shady Rizk, survivor of the Beirut explosion, time has stood still since August 4 last year when a huge stockpile of ammonium nitrate exploded in the capital’s port Lebanese woman in front of her office.

“Every day is August 4th, every day,” said the 36-year-old.

“Every day I remember the explosion or what happened that terrible day.”

The massive explosion killed more than 200 people, injured thousands and destroyed large parts of the city.

Rizk was in the office where he works for an ISP and filming smoke rising from a first explosion at the port when the second explosion hit.

This left her with 350 stitches all over her body and face and partially altered her vision.

Having survived the near-death experience, Rizk sees August 4th as his rebirth and now wants to continue this new chapter of his life away from Lebanon.

“I don’t feel safe in my country, that’s why I want to leave … It’s the hardest decision I’ve made in my life,” said Rizk.

He has now applied to immigrate to Canada and plans to be there by October of this year. In the meantime, he still lives in his family home in a suburb of Beirut with a view of the port, a daily memory of his traumatic experience.

As the anniversary of Wednesday’s explosion approaches, Rizk says his “internal anger” is growing, fueled by the blocking of an investigation into the explosion. He is one of the many Lebanese angry at the lack of accountability a year later.

“No one has been arrested yet, no one has resigned, no one is in prison … The truth is not yet known,” said Rizk.

Rizk’s doctor is still extracting glass from his body. And although many of his scars have now been treated, he is still “healing” both physically and mentally.

“The internal scars are even worse, I might eventually heal physically but psychologically I don’t know when I will heal,” he said, speaking as he stood across the street from his office. damaged in front of the destroyed silos of the port.

Rizk is still unsure of his exact plans on the anniversary of the explosion. He fears it brings back memories of “indescribable pain” but is sure he wants to be in the streets near the harbor, expressing his anger.

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Clouds lift as confidence returns in struggling airline industry



It has been a flood of bad news for Heathrow boss John Holland-Kaye over the past 18 months. The airport has lost nearly £ 3 billion since the start of the pandemic and terminals have been cocooned, while Holland-Kaye has engaged in a frantic lobbying by the government to reopen UK borders.

But over the past few weeks, black clouds hanging over aviation appear to be lifting to at least reveal gaps of blue sky, prompting Holland-Kaye to call an airline and ground support meeting with a new message: make sure you are ready to fly to bounce back in the next few months.

“I think we are out of the phase where we just closed the hatches,” he told the Financial Times.

This cautious optimism is slowly spreading through much of the ravaged airline industry, which has suffered its worst crisis as one of the worst-hit sectors in the pandemic, with executives betting on vaccines and releasing travel restrictions paved the way for the recovery.

Confidence is growing fastest in the United States, with carriers starting to profit from a vibrant domestic market, while in Europe the new optimistic mood has prompted regional airlines such as easyJet and Ryanair to plan to speed up their flight schedules at the end of the summer.

“We are in the midst of an unprecedented recovery,” Doug Parker, chief executive of American Airlines, told analysts on the latest quarterly earnings conference call.

Willie Walsh, former head of British Airways owner, International Airlines Group, who heads the global airlines trade body Iata, said: “The recovery has definitely started in the second half of the year, there are signs of improvement, the restrictions are relaxed or removed, and we have to take some positive points out of that.

This is a dramatic change in fortunes for an industry that has been hit by the pandemic, with global airlines losing $ 125 billion in 2020 and Iata expects to lose an additional $ 48 billion this year.

While optimism is tempered by an uneven recovery that has been slow in parts of the world with limited access to Covid-19 vaccines and a realization that new coronavirus variants could reverse the outlook, the epidemic of positivity is supported by increasing the number of planes in the sky and relaxing restrictions.

Since May, the number of planes in the air has steadily increased to reach its highest global level since the start of the coronavirus crisis, according to data from Citigroup, while easing restrictions and signs that the Governments preparing to live with Covid in key markets are at the heart of newfound confidence.

The UK has significantly eased travel restrictions for vaccinated travelers. Even Singapore, a child emblematic of the strict restrictions to contain the virus, said it aimed to introduce quarantine-free travel for those vaccinated in September.

Increased number of passengers passing through U.S. airport checkpoints

In Europe, an increase in bookings at the end of the summer, spurred by an EU-wide digital pass introduced in early July, further heightened optimism, confirming the hope of airline executives that the desire to travel has not been shaken by the pandemic.

“What we are seeing empirically is that there is nothing wrong with the consumer,” said Jozsef Varadi, managing director of Wizz Air, based in Hungary. “We believe that the desire to travel is totally intact. ”

The low-cost, no-frills airline has planned a full return to pre-pandemic 2019 flight levels in August, putting it at the forefront of a settling short-haul-led recovery across Europe this summer.

But even some legacy airlines, held back by the slow return of long-haul and business travel, are showing signs of optimism. Air France-KLM, for example, said it was confident it could return to profit this quarter.

In the United States, the speed of the recovery took the industry by surprise, with demand for domestic flights returning so quickly that some flight crews were left asleep by baggage claim as airlines failed to find enough hotels, according to the unions.

There have also been fuel shortages at some airports, as American Airlines has had to cancel hundreds of flights after not having enough pilots to meet flight demand this summer.

These are issues the industry will thankfully face, as three of the “big four” US carriers reported second-quarter profit, with the outlier, United Airlines, predicting that it would also return to profit in the second half.

Global airlines have suffered heavy losses in recent quarters

Another big advantage is an early sign of a recovery in business travel, one of the last areas to recover, and Boeing said on Wednesday it would cut 10,000 fewer jobs than expected in October as the market rebounded.

Even the rapid spread of the Delta coronavirus variant in a widely vaccinated population, and some businesses closing their offices again, has not quenched the enthusiasm.

Yet with US borders closed to most people in the UK and Europe, the industry is awaiting the full reopening of the transatlantic routes – some of the busiest and most lucrative in the world. These represent around £ 9bn per year in revenue for US and UK carriers, but have stagnated at around 25% of normal flight volumes for over a year.

“We are on the verge of losing another peak summer season in the important transatlantic market,” said Walsh of Iata.

The recovery is also heavily skewed in favor of the well-vaccinated Western world, with flight volumes still more than 40% below normal in Africa, the Middle East and Asia-Pacific. Many countries without the luxury of high vaccination rates to counter the Delta variant are now in the throes of their worst pandemic epidemics to date.

Small multiple graph showing the number of passengers in North America and other regions

In Asia, China’s huge domestic market, which has more or less fully recovered, skews the region’s overall numbers, which are worse than the numbers suggest.

“The already dire situation was recently compounded by new Covid-19 infections in the region due to the Delta variant, with ongoing border restrictions preventing any meaningful restart,” said Subhas Menon, chief executive of the Association of Asia Pacific Airlines. .

Hopes of recovery will be “weak” until governments speed up vaccine deployment, he added.

Although Singapore is starting to consider opening up gradually, New Zealand has closed the “trans-Tasman travel bubble” with Australia. Driven by an epidemic in Australia, it highlights an industry at the mercy of changing government policy.

At the same time, Australia’s Qantas still expects a loss of more than $ 1.5 billion in fiscal 2021, despite government backing and a strong network of domestic roads.

In particular, lingering concerns about the new variants mean leaders around the world are aware that optimism could suddenly evaporate.

“It’s clear we’re on an uptrend, but I’m not sure it’s going to be a straight line like we all want,” said Varadi of Wizz.

But after 18 months of suffering, many airlines around the world believe the worst is over. “We reach the light at the end of the tunnel,” said Luis Gallego, CEO of IAG.



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The Senate will vote on a bipartisan bill



Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters about the bipartisan infrastructure bill at the U.S. Capitol in Washington, July 28, 2021.

Élisabeth Frantz | Reuters

Senators introduced their bipartisan infrastructure bill on Sunday after months of wrangling, preparing it for passage as early as this week.

Majority leader Chuck schumer aims to rush the 2,702-page legislation through the bedroom before a one-month break scheduled from August 9. Votes on the amendments – or a senator’s decision to delay the process – could trip the New York Democrat’s schedule.

The next few days will be decisive for the president Joe bidenthe economic agenda of. Before the Senate leaves Washington, Schumer wants to pass both the $ 1 trillion infrastructure bill and a budget measure that would allow Democrats to approve a separate $ 3.5 trillion spending program without Republican vote.

“Given the bipartisan nature of the bill and the work already done to get the details out, I think the Senate can quickly deal with the relevant amendments and pass this bill in a matter of days,” Schumer said on Sunday evening.

“Then I will move the Senate along the second path of our infrastructure effort and pass the budget resolution,” he continued.

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The two massive bills could then take a while to get to Biden’s office. The House is not expected to return to Washington until September 20.

Meanwhile, the upcoming midterm elections could cripple the business of Congress next year if Democrats fail to pass the bills by the end of 2021.

While the bipartisan plan looks set to pass through the Senate, the Democrats’ two-pronged plan could still derail. House Speaker Nancy Pelosi, D-Calif., Said she would not pass either the infrastructure plan or the budget measure until the Senate passed both, a strategy that has sparked criticism from Republicans.

Centrist Democrats in both chambers are concerned about the $ 3.5 trillion price tag attached to their party’s bill. Some progressives argue that this would not go far enough.

Democrats and Republicans who support the infrastructure bill say it will boost the economy and provide long-needed refresh to transportation and utility systems. Democrats aim to go further with their second plan to extend the social safety net and curb climate change.

The bipartite package would include approximately $ 550 billion in new spending on roads, bridges, airports, waterways, broadband, water supply systems and the electricity grid.

“Over the past four days, we’ve worked day and night to finalize landmark legislation that will invest in our nation’s hard infrastructure and create well-paying jobs for American workers in communities across the country without raising taxes.” , the 10 Republican and Democratic senators who helped shape the infrastructure bill, a statement said on Sunday.

They said they looked forward to “getting this bill through the Senate and serving the American people.”

To move on to their biggest bill, Democrats will first need to approve a budget resolution that kicks off the reconciliation process. This would allow a plan to pass with only the 50 members of the Democratic caucus in the Senate.

The party aims to expand childcare and paid holidays, increase subsidies for public health care and make preschool and higher education more accessible. He also hopes to extend tax credits to families, encourage the adoption of green energy and make buildings and infrastructure more resilient in the face of climate change.

While Democrats appear poised to pass their budget resolution, some senators have signaled they will seek to cut final legislation.

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Africrypt liquidators given additional powers to find missing funds



The Gauteng High Court last week granted Africrypt’s liquidators additional powers to trace missing funds and sell the company’s assets and property.

Africrypt, a crypto investment program led by Raees and Ameer Cajee, was reportedly hacked in April 2021 and its digital wallets emptied of more than R40 billion in bitcoin. Forensic investigator Hamilton Cheong and Darren Hanekom, the lawyer representing some Africrypt clients, have expressed doubts whether this was a hack, given that funds were depleted from wallets checked by Africrypt months earlier.

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The Cajees fled South Africa after the alleged hack, saying they feared for their lives after receiving death threats. Raees Cajee has emerged from his hiding place in Tanzania last month to file an affidavit opposing the final liquidation of the company, arguing that the alleged hack came from a Ukrainian IP (Internet Protocol) address, and that investors had no claims against the company and “It is in the nature of investments that they can be lost.

A statement released last week by the legal representative of the liquidators, Ruann Kruger, states that Africrypt’s business model “required investors to deposit fiat currency with Africrypt, which used fiat money to purchase crypto assets on a number of asset swaps, and promised investors sky-high returns of up to 10% per day on their investments.

Read:

Africrypt ‘pirate’ nearly 54 billion rand dwarfs Mirror Trading

Lightning strikes twice for Africrypt’s Cajee brothers

Meet the 29-year-old South African who untangles the multibillion rand Africrypt theft

“There is no evidence that this was indeed an Africrypt systems hack, and to support it, it appears that funds were depleted from Africrypt wallets four months prior to the alleged hack.”

Africrypt was placed in interim liquidation on April 26, 2021 after investor group Badaspex filed for liquidation and obtained an interim order.

The court-appointed liquidators – Eugene Januarie and Welcome Jacobs – claim Africrypt’s directors have intentionally failed to cooperate and are deliberately obstructing investigations into the company’s affairs. An asset tracing investigation must now be conducted to determine what happened to the funds and what can be recovered.

“There is a high probability that assets and funds have been moved from Africrypt’s business to the names of directors, related companies and private companies to the detriment of creditors and requires urgent investigation,” the statement said.

“The so-called violation occurred on April 12, 2021, causing a loss of approximately R84 million, although an amount of R200 million was received and invested on behalf of the investors.”

This raises questions as to the status of the remaining 116 million Rand (i.e. the difference between the 200 million Rand claims received and the reported loss of around 84 million Rand), and whether this includes the gains and losses of investment, as well as withdrawals.

The liquidators also want to know why no communication was issued by Recreate Wealth (Pty) Ltd or ReaCreate Wealth Limited, the two Hong Kong-based companies that were the legal entity that contracted with Africrypt’s clients.

“With the extensive powers of the liquidator, they will be able to investigate and question relevant parties, directors and their related companies during the investigation to uncover the mystery behind this alleged ‘Bitcoin heist’.”

“The main objective of the liquidator is to track down assets, to attempt to access Africrypt systems and their source codes to recover Bitcoin wallets and funds invested and lost by investors.

“In this undertaking, the liquidators have further secured the services of Mahier Tayob of Tayfin Forensic Investigative Auditors to conduct forensic investigations into the affairs of Africrypt and related entities.”



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Crypto Flipsider News – Aug 2 – Saudi Aramco, USDT, Binance, Monthly Altcoins Records, CryptoPunks NFT by DailyCoin



Crypto Flipsider News – Aug 2 – Saudi Aramco, USDT, Binance, Monthly Altcoins Records, CryptoPunks NFT
  • Saudi Aramco (SE 🙂 denies rumors of entering mining.
  • The USDT is losing its stable market share as the USDC is on guard.
  • Binance strengthens its KYC policies.
  • Monthly Altcoin registrations :, Polygon, Filecoin.
  • CryptoPunks’ NFTs have been lost to the Discord scam bot.

Saudi Aramco denies rumors of entry into Bitcoin mining

Oil mining giant Saudi Aramco has denied rumors it intends to go into Bitcoin mining. The rumors spread after a Brazilian Bitcoin miner made reference to the ongoing negotiations with Aramco. The company claims the reports are “completely false and inaccurate”.

The Saudi state oil company is the world’s largest oil producer and the third largest corporation. The company produces large quantities of flared gas, a by-product of oil production.

This gas could potentially be transformed into energy to mine Bitcoins.

Russian company Gazprom (MCX 🙂 Neft, a subsidiary of state-owned energy company Gazprom, has been using excess gas to fuel BTC mining since January 2021. ExxonMobil CEO Jim Cramer said that the company could use flared gas to mine 5 Bitcoins a month ago.

Flipsider:

  • Bitcoin mining has become another source of income for the oil giants. The concept is particularly valuable, given that demand is currently unstable due to the pandemic and China’s ever-growing industrial needs. The country is after all the second largest consumer of oil in the world.

USDT loses stable market share as USDC steps on its feet

Tether has been the main stablecoin since its launch. Until early 2018, it remained the only stablecoin to be widely used, obtaining almost 100% of the market share.

According to Block data, the asset share hit an all-time low of 57.39%. Tether’s main competitors are USD Coin (USDC), Binance USD (BUSD) and Dai, with shares of 24.41%, 10.83% and 4.99% respectively.

The coin’s decline may have been influenced by the recent legal scuffle and Circle’s announcement to go public through a deal with SPAC, the company that issues Tether’s main competitor, USDC.

Flipsider:

  • Stablecoins are undergoing a big change. They face the same pressure from government regulations and user demands for full support. It’s a similar situation to Binance, a whale cannot be eaten by piranhas, but can certainly be severely damaged if no defensive action is taken.

Binance strengthens its KYC policies

Binance has made KYC changes to its verification rules. For those who don’t know, KYC is short for “Know Your Customer,” a customer verification tool used by businesses that require identity checks.

As a result, after August 4, users with only basic account verification will not be able to withdraw more than 0.06 BTC per day. In order to increase the daily withdrawal limit up to 100 BTC, users will need to go through the entire identity verification process.

The change was made to fill a loophole used by hackers to launder money.

Flipsider:

  • On the one hand, this decision may scare off users concerned with preserving their privacy, but on the other hand, in light of multiple attacks and warnings from state governments, this decision is justified.

Monthly Altcoin Records: Ethereum, Polygon, Filecoin

  • Ethereum has hit a new record in terms of transaction volume and average transaction fees. Miners got 505,300 ETH, 6.63% more than in previous months.
  • The number of Polygon addresses has doubled. The number has grown from 15 million to over 35 million.
  • Hong Kong-based Imperium Group Global Holdings Limited bought 12,000 Filecoins.

Flipsider:

  • Yes, Mila Kunis probably had to use the Polygon network in her “Stoner Cats” toon in order to avoid skyrocketing gas costs after its successful launch. On the other hand, Vitalik played in the animation, so there was no way to use any other blockchain than the original one from Ethereum.

CryptoPunks’ NFTs Lost to Discord Scam Bot

An NFT holder lost $ 385,000 from NFT CryptoPunks due to a fraudulent bot in Discord. The victim fell after the Discord scam bot offered the chance to earn CryptoPunks’ NFT avatars.

The bot then linked to a fake Metamask wallet, claimed its security was compromised, and requested a seed phrase to restore access. The crooks emptied the victim’s metamask and soon after sold 5 NFT CryptoPunks for $ 385,000.

CryptoPunks is a highly regarded project in the NFT space. A rare example of working CryptoPunks is currently selling for $ 90.5 million.

Flipsider:

  • A new fancy space doesn’t guarantee protection against the same old scam methods. Critical thinking does, however. While we are sorry for the loss of this user, the matter could serve as a good reminder for others: never share your opening sentence with anyone!

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Fossil fuel groups step up lobbying with SEC to dilute climate reporting rules



Oil and gas industry updates

The oil and gas industry is stepping up lobbying efforts to water down looming rules that mandate climate change disclosure, a sign of firm resistance by companies to a new, tougher US environmental regime.

Lobbying reports show a greater twist of the arms at the Securities and Exchange Commission, both by individual companies and industry groups, as the regulator drafts mandatory climate-related financial disclosures. Some companies are coming to the SEC for the first time, according to Senate lobbying disclosures.

Gary Gensler, chairman of the SEC, recently noted he wanted the agency to present its proposals for mandatory climate reporting – intended to provide investors with consistent and comparable information to assess companies’ climate risks – by the end of the year.

“When it comes to climate risk disclosure, investors are raising their hands and asking for more from regulators,” he said. “I think we can bring greater clarity to climate risk disclosures. “

Refiner Phillips 66 and petroleum services group Baker Hugues this year began lobbying the SEC for the first time, according to reports. Both groups listed climate disclosures as their only problem lobbying the SEC.

Others – including ConocoPhillips, the world’s largest independent producer, and the American wing of the British supermajor PA – resumed lobbying the SEC this year after walking away from the agency for seven and five years respectively.

Business groups have also stepped up their lobbying efforts.

“We have and plan to have more conversations,” said Stephen Comstock, vice president of corporate policy at the American Petroleum Institute, the industry’s most powerful lobby group in Washington. “The dialogue is good and the questions are solid. So I consider them valuable conversations for sure. “

The API said it wanted the SEC to save companies from having to report climate disclosures in 10,000 annual reports when legal liability is greater for them. He is also concerned about the practicalities of reporting indirect emissions – those from the combustion of fuels by customers.

Gensler said the SEC is considering whether to require disclosures about these so-called Scope 3 shows.

“To properly address liability considerations,” any new climate-related disclosure should “not be filed” in regulatory documents, Oil Major Chevron said in a June letter to the SEC.

BP also said in a letter to the regulator that new rules should allow companies to determine the most appropriate methodology for calculating emissions from their own operations. The company said in a statement that it is supporting the SEC in adopting new disclosure requirements for climate change.

Baker Hughes declined to comment, as did Phillips 66. ConocoPhillips did not respond to requests for comment.

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President Joe Biden has vowed to treat climate change with a sense of urgency. President in May directed Janet Yellen, Secretary of the Treasury, to work with other members of the Financial Stability Supervisory Board, which includes the SEC, to report on how they plan to “reduce risks to financial stability.”

Gensler is also under pressure to provide US rules on climate reporting ahead of the United Nations climate change conference, known as COP26, in November.

Oil and gas lobby groups argued that the SEC risked deviate from his mandate if it required weather information that was not considered “important” to investors.

The question of materiality would underpin any potential corporate-funded lawsuit to stop climate rules once the SEC finalizes them, sources said. API has already continued the SEC to stop regulations targeting oil and gas companies.

Lobbying by the oil and gas industry to water down SEC rules comes as these companies rush to portray themselves as environmentally friendly amid the boom in environmental, social and governance investments.

“It would be disappointing to learn that companies that claim to be self-proclaimed leaders in the fight against climate change attempt to block common sense disclosure rules on this same issue,” said Andrew Logan, senior director of oil and gas. at Ceres, a non-profit organization that coordinates investor climate action.

“There is a critical need for the SEC to establish very basic guidelines requiring companies to disclose their issues in a standardized manner.”

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NBA Crypto Legend Charles Barkley & His Best Money Lesson



While there is a kill professionals athletes who ventured into the cryptocurrency of Tom brady To Saquon Barkley in recent months, NBA legend Charles Barkley hasn’t been biting.

“My people don’t believe in crypto,” says Barkley CNBC do it. “I have a couple of finance guys. One of them said, ‘If you ever get into crypto, you should fire me right away.'”

“And listen, I know that [crypto] is everywhere, to be honest with you, but my people don’t believe in [it],” he says.

Although Barkley has not explained why his advisers are against crypto, many experts warn that cryptocurrencies are volatile and recommend that people invest only the money they can afford. to lose. For example, since mid-April, bitcoin, the largest cryptocurrency by market cap, has risen from a high of around $ 63,000 to around $ 39,000 on Monday morning, according to Corner office.

Yet many athletes and investors are optimistic about the future of digital currencies.

In May, said Tom Brady, seven-time Super Bowl champion Counter that he is a “big believer” in crypto but does not disclose specific details about the crypto assets in which he has invested. As the New York Giants star Saquon Barkley announcement plans to convert all of its revenue from marketing deals and endorsements into bitcoin.

Charles Barkley, 58, who won over $ 40 million in salary during his 13-year NBA career, also says the biggest money lesson he’s had over the years is “learn to say, no.”

“And don’t feel bad about it,” he says.

The Alabama native says that when you get famous and start making money, “people ask you for money every day of your life. Every day.”

It is therefore imperative to say “no”, even when it is to family and friends.

If you don’t, you will end up going bankrupt and it will ruin all your relationships, Barkley told American Century Investments in 2016. Barkley encountered problems in 2019 after losing millions to his friend and longtime associate Donald Watkins in an investment swindle.

As for an investment advice, Barkley, who has guest on ABC’s “Shark Tank” and invested in start-ups like Zorpad and Sub-Secure, said shoot for just “single and double”.

“If you’re lucky and you hit a triple or a home run that’s fine. But you’re really trying to hit singles and doubles.”

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Disclosure: CNBC owns the exclusive rights to the off-grid cable of “Shark Tank”.



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SA factory activity plummets after unrest, new Covid brakes – Absa PMI



South African manufacturing activity declined at its fastest pace in 14 months in July, weighed down by tighter coronavirus lockdown restrictions and civil unrest in parts of the country, an investigation found on Monday.

The seasonally adjusted Absa purchasing managers index, an indicator of factory sentiment in Africa’s most industrialized economy, fell to 43.5 points in July from 57.4 points in June, falling below the 50 point bar which separates expansion from contraction.

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The July PMI was the lowest since May 2020, Absa said in a statement.

Absa said the economy was hit by several shocks during the month, including a severe third wave of Covid-19, the associated tougher lockdown restrictions, looting and arson in parts of KwaZulu provinces. Natal and Gauteng.

“The riots disrupted supply chains, industrial production and demand for manufactured goods,” Absa said in a statement.

“The severe negative impact of these events is better highlighted in the commercial activity and the new PMI orders indices. Both indices fell considerably in July.

In July riots broke out in parts of South Africa after former President Jacob Zuma surrendered to 15 months in prison for contempt of court. The unrest quickly escalated into looting that destroyed hundreds of businesses and killed more than 300 people.



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