Ukrainian president Volodymyr Zelensky met with senior members of JP Morgan in Kyiv on Feb. 11 after the two parties signed a “memorandum of understanding” to attract private investments to aid in the reconstruction of the war-torn nation. Zelensky also appeared via video link in “one of the largest annual investment summits organized by JP Morgan,” which…
JP Morgan Agrees to Help Ukraine Attract Private Investments to Rebuild Infrastructure
FTX Lawyers Threaten Politicians: Return Donations or Be Sued
February 11, 2023
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FTX bankruptcy attorneys sent out private letters last week to politicians and PACs who received donations from the company, giving them until Feb. 28 to return the money voluntarily or face legal action. According to a company statement, “to the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence…
Investors Pressure European Banks to Stop Financing New Fossil Fuel Projects
February 11, 2023
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A group of investors representing over $1.5 trillion in assets under management sent demand letters on Feb. 7 to five of Europe’s biggest banks, calling on them to stop financing fossil fuel firms by the end of 2023. ShareAction—an investment group whose website states that its “vision is a world where the financial system serves…
Kraken Settles With SEC for $30 Million and Will Close US Crypto Staking Operations
February 10, 2023
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The Securities and Exchange Commission (SEC) settled a case with the cryptocurrency exchange Kraken, as it cracked down on one of its U.S. operations. Kraken agreed to shut down its cryptocurrency staking service and paid a $30 million fine to settle charges that it failed to register the offer or sale of the program, the SEC…
Tough Tax Led to Britain Losing £320 million Vaccine Factory: Pharma Chief
February 10, 2023
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Britain’s tough tax rates led to it losing out on a £320 million new COVID-19 vaccine facility, AstraZeneca’s chief has said. Pascal Soriot said his drugs group chose Ireland as the base for its new state-of-the-art factory owing to the Republic’s low tax laws and commitment to green energy. Addressing the pharmaceutical chief’s comments on…
Mortgage Demand Up as Rates Fall for 5th Consecutive Week
February 8, 2023
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Mortgage demand is recovering as rates continued to fall last week for the fifth consecutive time. The news caused current homeowners and potential homebuyers to immediately react to the changes. The total mortgage application volume, including refinances and loans to purchase a home, jumped 7.4 percent for the week ending Feb. 3, according to the…
EIA Slashes Natural Gas Price Forecast by 30 Percent Because of Supply Glut
February 8, 2023
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American liquefied natural gas (LNG) prices are expected to tumble by almost a third this year, as milder winter weather is leading to a glut. LNG prices are dropping as supply growth has outpaced demand growth in recent months, according to the U.S. Energy Information Administration (EIA), in its Short Term Energy Outlook (STEO), on Feb. 7. Domestic…
‘Do Anything Now’ Frees ChatGPT From Political Straitjacket—but Accuracy Is a Concern
February 8, 2023
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Conservatives, libertarians, and others worry that the new ChatGPT AI chatbot is designed to make people conform to elite liberal opinion–yet creative Internet users have already learned how to trick the system into shedding that bias, though sometimes at the expense of the truth. ‘Do Anything Now,’ or DAN, is an approach for jailbreaking ChatGPT….
ChatGPT’s Alter-Ego ‘Do Anything Now’ Frees AI From Restrictions—but Accuracy Is a Concern
February 8, 2023
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News Analysis Conservatives, libertarians, and others worry that the new ChatGPT AI chatbot is designed to make people conform to elite liberal opinion–yet creative Internet users have already learned how to trick the system into shedding that bias, though sometimes at the expense of the truth. ‘Do Anything Now,’ or DAN, is an approach for…
Domestic Production Not the Way to Secure UK Semiconductor Supply Chain: Experts
While the UK government is urged to help future-proof the country’s semiconductor supply chain, there is little point to invest in the domestic production of silicon chips, experts said. Matthew Lesh, head of public policy at the Institute of Economic Affairs, a free-market think tank, said the UK lacks a competitive advantage in semiconductor production,…
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