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August 24th - According to sources familiar with the matter, the Canadian government believes the possibility of resuming negotiations with US President Trump before the midterm elections is extremely slim, as trade talks have broken down. The source stated that Canadian Prime Minister Carney indicated he would prepare a domestic aid package to help businesses affected by US tariffs. Sources say these measures are designed to help businesses weather the remainder of Trumps term if necessary. However, while the Carney government sees no immediate signs of restarting negotiations, some sources warn that the situation remains dynamic, and the US has not ruled out renegotiating. The sudden breakdown of negotiations has forced Carney to prepare for a potentially long winter. Carney reportedly told reporters, "We will support affected businesses for as long as possible, in other words, even beyond the end of this US administrations term. We have established various mechanisms, and all details will be released within the next few days."On August 24th, it was reported that the U.S. Postal Service issued new rules for mail-in ballots on August 23rd local time. The rules require states to submit lists of voters who have applied for mail-in ballots and to affix unique barcodes containing names and addresses to both mailed and returned ballot envelopes for verification and tracking. The U.S. Postal Service stated that the collected data will be managed separately from state voter rosters and will aid in the enforcement of federal law. Due to a court injunction, the new rules will not take effect immediately and will only be implemented after the injunction is lifted. This years midterm elections are crucial for the battle for control of the House and Senate. Regarding mail-in ballots, the Supreme Court rejected a Republican appeal in June, allowing some local governments in the U.S. to still count ballots postmarked no later than Election Day but delivered later.The Nikkei 225 index opened down 153.79 points, or 0.23%, at 65,862.57 on Monday, August 24.On August 24th, according to foreign media reports, ExxonMobil stated in a statement that a fire in the laundry room of a floating vessel off the coast of Guyana forced the company to temporarily suspend operations at the facility. The statement said the fire on the Liza Unity floating production storage and offloading (FPSO) unit was quickly extinguished. An ExxonMobil Guyana spokesperson said that crude oil unloading operations were affected due to the temporary shutdown. The Liza oil field is key to Guyanas transformation into a major crude oil producer, and the Liza Unity FPSO is responsible for producing approximately 250,000 barrels of crude oil per day of the more than 900,000 barrels per day in the Stabrok block.According to Al Jazeera: Israeli airstrikes near a hospital in Gaza have injured several people.

Blockchain firm Valereum gets approval to buy Gibraltar exchange

Cory Russell

Nov 01, 2022 15:44

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Blockchain startup Valereum said on Monday that it has acquired regulatory clearance to purchase the Gibraltar Stock Exchange (GSX) and transform it into a hub for nascent businesses from the Middle East, India, and Africa to access funding in Europe.


Blockchain startup Valereum said on Monday that it has acquired regulatory clearance to purchase the Gibraltar Stock Exchange (GSX) and transform it into a hub for nascent businesses from the Middle East, India, and Africa to access funding in Europe.


According to Valereum, the Gibraltar Financial Services Commission has given its approval for the transaction to go through.


The deal's pricing was kept a secret by Valereum, which anticipates completion in the first quarter of 2023.


According to a statement from Valereum, the future aim of the GSX will be to provide access to European finance for early-stage and small-cap firms in the Middle East, India, and Africa, where there is a significant potential to support entrepreneurs there.


The business said that it would also provide a non fungible token (NFT) approach in the first quarter to connect "real world" or conventional securities via NFT ownership.


Richard Poulden will serve as the company's chairman, while Patrick Young will serve as executive director.


According to a statement from Poulden, "The GSX will rely on proven exchange technology from reputable sources and will be upgraded with complete front-to-back trading and clearing functions on a considerable scale and expandability."


Valereum said in August that it was selling its bitcoin mining equipment as part of its intentions to purchase and grow GSX.


Over the last year, the price of bitcoin has plummeted, ushering in what has been nicknamed a "crypto winter," with no indication of a thaw.