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Bit News Today December 03, 2018 Oleg Koldayev The Nigerian branch office of the Union Bank of Nigeria  threatened  to close the accounts of private individuals and companies involved in operations with digital currencies. Will the situation we witnessed in EU, India, and the countries of South America happen again? Let’s study out why since 2017, in many countries, it has become the norm to close cryptocurrency companies' accounts without giving a reason. For example, in June of 2018, banks in Slovakia suddenly stopped working with virtual asset operators (crypto-exchanges, exchange officers, etc.). A little while later, so did the banks of the Czech Republic.  In Chile , credit institutions ceased cooperation with the country's leading digital trading platform, the Orionx Exchange. In response to these measures, the company appealed to the anti-monopoly court with a claim against 6 banks of the country and managed to win the process. The situation  in Bra...

NDTV December 04, 2018 Geneva:The United States will not be able to stop Iran exporting its oil and any move to prevent Iranian crude shipments passing through the Gulf would lead to all oil exports through the waterway being blocked, Iran's president said on Tuesday. The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran's oil exports to zero in a bid to curb the Islamic Republic's missile programme and regional influence. "America should know that we are selling our oil and will continue to sell our oil and they are not able to stop our oil exports," President Hassan Rouhani said in a televised speech during a trip to the northern Iranian city of Shahroud. "If one day they want to prevent the export of Iran's oil, then no oil will be exported from the Persian Gulf," he said. "America should know that we are selling our oil and will continue to sell our oil and they are not able to stop our ...

The Caravan December 01, 2018 Atul Dev {ONE} SHOBHANA BHARTIA CULTIVATES  an image of herself in the mould of Katharine Graham. She has brought up her connection to Graham in multiple interviews and public appearances—at an event in 2015, she spoke of “a very deep engagement and a personal bond with Mrs Graham”—and reporters inclined towards stenography have played up the parallels between the two.  Bhartia, as the chairperson and editorial director of HT Media, is the publisher of the Hindustan Times—the third most-read English-language newspaper in India, and the most-read one in the country’s capital. Graham was the publisher of the Washington Post, in the US capital, in the 1960s and 1970s. Both inherited control of their newspapers from their families—Graham from her husband; Bhartia from her father, the industrialist KK Birla. As women in positions of power, both count as pioneers in societies and media industries dominated by men, and both had to st...

The Indian Express December 04, 2018 In the country’s largest deal in the consumer goods segment, GlaxoSmithKline plc’s Indian arm GSK Consumer Healthcare has decided to merge with Hindustan Unilever Ltd in an acquisition valued at Rs 31,700 crore. Advertising The boards of the two companies have agreed for a share exchange ratio of 4.39 HUL shares for every one GSK Consumer Healthcare share. The total consideration for the takeover is valued at around 3.1 billion pounds based on the 15-day volume weighted average price (VWAP) ended on November 30, 2018 of HUL shares of Rs 1,717. Net proceeds are estimated to be approximately 2.4 billion pounds. Horlicks and other nutrition products are sold by GSK Consumer Healthcare — which is listed on the stock exchanges, in which GSK of the UK holds a 72.5 per cent stake — will now come under the fold of HUL. After the merger, GSK will own approximately 5.7 per cent of HUL. The merger values GSK Consumer Healthcare at Rs 31,700...

The Economics Times December 03, 2018 MUMBAI: The 50 per cent rise in shadow banking loans in October was on account of difficulties in arranging money from money market alternatives but is unlikely to sustain, a report said Monday. The shadow banking system refers to non banking financial intermediaries (NBFCs) that provide services similar to traditional commercial banks but outside normal banking regulations. The increase in lending was primarily driven by rising interest rates, tight liquidity and negligible difference in origination costs between MCLR/market rates, domestic brokerage Kotak Securities said in a statement. However events that began unfolding in October will ensure that this growth does not continue. "The liquidity situation is gradually getting under control with key players raising large funds in the past two months, slowing down disbursements selectively and increasing loan sell down," it explained. The brokerage pointed out that loan...

The Economics Times December 03, 2018 Urmi Goswami Katowice, Poland: India is set to surpass its commitment to increase the share of renewables in its energy generation basket and reduce the amount of carbo dioxide pollution produced for every dollar of GDP by  33 to 35% ahead of 2030.  “In terms of our commitment we are already  on track. This has been officially acknowledged by the United Nations  Environment, all related stakeholders and agencies. We are already achieving our goals much ahead of the deadline,” said Environment Minister Harsh Vardhan. India’s national climate action plans, known in UN parlance as nationally determined contributions (NDCs), under the Paris Agreement set three major goals—increase the share of non-fossil fuels to 40% of the total electricity generation capacity, to reduce the  emission intensity of the economy by 33 to 35% by 2030 from 2005 level, and to create additional carbon sink of 2.5 -3 billion tonnes of CO2 equiv...