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July 11th - Typhoon Bavi, the ninth typhoon of the year, is expected to impact eastern Hubei, Jiangxi, and Anhui provinces along the middle and lower reaches of the Yangtze River from July 11th to 13th. According to the Yangtze River Maritime Safety Administration, to ensure typhoon safety, following the requirements of "early assessment, early warning, early deployment, early inspection, and early evacuation," the administration raised the typhoon emergency response level for the Anhui-Sichuan section of the Yangtze River main channel to Level II at 18:00 on July 11th.July 11 – The European Union is developing a “solidarity tool” to support businesses in shifting supplies of critical goods and to cushion the impact of trade conflicts. According to sources, this tool requires funding, and member states are currently negotiating the EU’s next multi-year budget. The exact amount needed is unclear, but given the size of the industries and trade involved, the funding requirements are likely substantial. Some member states are currently pushing for spending cuts. The tool was developed by the EU’s executive body. Sources indicate that national envoys have been briefed on the tool this week.The China Earthquake Networks Center officially determined that a magnitude 3.3 earthquake occurred at 19:14 on July 11 in Eryuan County, Dali Prefecture, Yunnan Province (26.12 degrees north latitude, 99.86 degrees east longitude), with a focal depth of 11 kilometers.Russian Deputy Prime Minister: We will begin importing petroleum products this month.Russian Deputy Prime Minister: The ban on diesel exports is to meet domestic market demand, and we will expedite the repair work on the damaged refineries.

Three Arrows Capital Creditors Repossess Company’s NFT Wallet

Skylar Shaw

Oct 10, 2022 11:58

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Following the announcement that Visa and FTX are working together to provide debit cards linked to cryptocurrency accounts in a number of nations, the price of Visa (NYSE:V) is rising.

 

To offer owners rapid access to their cryptocurrency assets, these debit cards link back to their FTX accounts. The cards may be used at more than 80 million businesses worldwide, including those in an extra 40 nations, with Visa's assistance.

 

It's important to note that FTX customers in the United States may already use these debit cards. Numerous Latin American nations will now have access to the crypto debit cards as a result of this new development. Additionally, there are plans to reach other areas in the next year and throughout Europe by the end of 2022.

Users won't be charged for processing

In a statement, Sam Bankman-Fried, CEO of FTX, gave cryptocurrency traders the following good news:

 

We're thrilled to join with one of the biggest payment networks in the world to provide our consumers the option of using their cryptocurrency to finance purchases at millions of merchants all around the world. With this card, customers may access their FTX cryptocurrency balances whenever they want, wherever in the world, without paying any processing or administrative costs.

 

The acquisition announced today doesn't seem to have really satisfied V investors, as the company's shares are down 1% as of Friday morning. Additionally, trading volume is below average.

 

Investors looking for more current stock market news should stay put!