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According to Senate aides and lobbyists, U.S. senators are discussing whether to require AI giants to commit to preventing catastrophic consequences.On September 15th, British Prime Minister Burnham is considering whether to assist Saudi Arabia in dealing with attacks by the Houthi rebels in Yemen, as the UK is concerned that an escalation of the conflict could further impact global shipping and the economy. Sources familiar with the matter revealed that Saudi Arabia has made several requests to the UK, including diplomatic and military support. These requests include operational support for the Saudi military in responding to the Houthi advance along Yemens Red Sea coast towards the Bab el-Mandeb Strait, and assistance in defending against attacks on Saudi oil infrastructure. Reports indicate that Burnham has not yet decided whether to approve these requests. A British government spokesperson stated that the UK will work with its partners to support regional stability, but did not disclose specific measures. Sources said that British officials have informed Burnham that if the Houthis control the Bab el-Mandeb Strait, it will have a "catastrophic" impact on international shipping and could further impact the global economy by pushing up oil prices and inflation. Meanwhile, the UK is concerned that the Saudi East-West oil pipeline may take up to six weeks to resume operation. Burnham has agreed to send British military advisors to Saudi Arabia to support its operations. British Foreign Secretary Miliband previously stated that the UK "firmly supports Saudi Arabia and the internationally recognized government of Yemen."Sources say British Prime Minister Burnham is considering whether to help Saudi Arabia fight off attacks by Yemens Houthi rebels, as Britain fears the escalating conflict will increasingly damage the British economy.According to Al Jazeera, the Iraqi Prime Minister stated that Iraq will not become a launchpad posing a threat to its neighbors.U.S. Vice President Vance: We will permanently suspend the eligibility of 870,000 people to receive loans from the government.

Crypto Market Daily Highlights – BNB Leads Bullish Top Ten Session

Skylar Shaw

Nov 24, 2022 15:37

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The top ten cryptos had a positive Wednesday session. BNB took the initiative, with ETH and DOGE following. For the first time in three sessions, BTC avoided trading below $16,000.


The market's attention was still on the FTX contagion risk, which was still declining by mid-week. On Wednesday, the market's response to news that FTX had $1.24 billion in cash and that investors were interested in its assets provided more support.


Sam Bankman-Fried, the former CEO of FTX, was again in the news on Wednesday. In a letter to staff, the former CEO expressed hope for rescuing the company, which made headlines. Bankman-Fried concluded the letter by adding, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The positive outcome happened despite pleas from MPs for FTX to be looked into and for further regulatory control.


The NASDAQ Composite Index increased by 0.99%, signaling that the US equity markets likewise had a positive session. The minutes of the FOMC meeting provided encouragement, with the Fed indicating a change in monetary policy.


The US economic data underwhelmed, though, restricting the NASDAQ's potential growth. Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.


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