Category: Finance

Users Can Now Earn Bitcoin While Using Twitter | CEO JACK

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Twitter will now allow users to tip their favorite creators on the social network using bitcoin.

The company announced on Thursday that its Tips feature will now roll out globally to all Apple iOS users this week and will become available for Android users in the coming weeks.
The integration of bitcoin to Twitter’s tip feature is hardly surprising considering CEO Jack Dorsey is one of the most vocal supporters of the cryptocurrency.
In this article

Twitter on Thursday announced it will now allow users to tip their favorite creators on the social network using bitcoin.

The company introduced tipping as a test feature back in May as a way to experiment with helping creators earn payments from their followers for the content they post on Twitter. The company announced Thursday that its Tips feature will now roll out globally to all Apple iOS users this week and will become available for Android users in the coming weeks.

Previously, users could tip with fiat currency using more traditional payment services such as Square’s Cash app and PayPal’s Venmo. Twitter will integrate the Strike bitcoin lighting wallet service so creators can receive bitcoin tips. The company will also allow users to add their bitcoin address to send and receive these cryptocurrency tips.

Twitter does not take a cut of any money sent through its Tips feature.

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The integration of bitcoin to Twitter’s tip feature is hardly surprising considering CEO Jack Dorsey is one of the most vocal supporters of the cryptocurrency.

In just the past few months, Dorsey has tweeted that he is trying his hand at bitcoin mining. He said he doesn’t think there is anything more important to work on than bitcoin and he has even said that his hope is bitcoin will bring about world peace.

Cathie Wood sees big gains for stocks, crypto and Tesla: ‘If we are right, the returns are enormous’

An investor’s guide to Solana, the Ethereum alternative that’s up 300% in the last 30 days

Additionally, Twitter on Thursday said it is also experimenting with a feature that would allow users to authenticate and showcase their collections of NFT digital assets on the social network. The company did not provide much detail or any specifics about this blockchain project, but said it’s another way to support creators who make digital art.

Besides blockchain, Twitter also announced its plans to launch a creator fund for users who host Spaces audio rooms as a way to incentivize more live audio events. Last year, the company debuted Spaces, which is a feature where users can hear and chat with others in audio-only virtual rooms. The company hopes the upcoming fund will incentivize more users to host live audio events on Twitter.

UN Martin Griffiths’ Statement on Central Emergency Response Fund Allocation to Afghanistan

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His statement reads,

“I am releasing US$45 million in life-saving support from the UN’s Central Emergency Response Fund to help prevent Afghanistan’s health-care system from collapse.”

USG Griffiths – Statement on CERF_Afghanistan (1)

Medicines, medical supplies and fuel are running out in Afghanistan. Cold chains are compromised. Essential health-care workers are not being paid.

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Allowing Afghanistan’s health-care delivery system to fall apart would be disastrous. People across the country would be denied access to primary health care such as emergency caesarian sections and trauma care.

The funding will go to WHO and UNICEF and – working through national and international NGOs – will keep health-care facilities, including hospitals treating COVID-19 patients, operating until the end of the year.

The UN is determined to stand by the people of Afghanistan in their hour of need.

Geneva/New York, 22 September 2021

Donald Trump Sues Mary Trump

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United States Former President Donald Trump on Tuesday sued his estranged niece and The New York Times over a 2018 story about his family’s wealth and tax practices that was partly based on confidential documents she provided to the newspaper’s reporters.

Trump’s lawsuit, filed in state court in New York, accuses Mary Trump of breaching a settlement agreement by disclosing tax records she received in a dispute over family patriarch Fred Trump’s estate.

The lawsuit accuses the Times and three of its investigative reporters, Susanne Craig, David Barstow and Russell Buettner, of relentlessly seeking out Mary Trump as a source of information and convincing her to turn over documents. The suit claims the reporters were aware the settlement agreement barred her from disclosing the documents.

The Times’ story challenged Trump’s claims of self-made wealth by documenting how his father, Fred, had given him at least US$413 million over the decades, including through tax avoidance schemes.

Mary Trump identified herself in a book published last year as the source of the documents provided to the Times.

Trump’s lawsuit alleges Mary Trump, the Times and its reporters “were motivated by a personal vendetta” against him and a desire to push a political agenda.

The defendants “engaged in an insidious plot to obtain confidential and highly-sensitive records which they exploited for their own benefit and utilised as a means of falsely legitimising their publicised works,” the lawsuit said.

In a statement to NBC News, Mary Trump said of her uncle, “I think he is a loser, and he is going to throw anything against the wall he can. It’s desperation. The walls are closing in and he is throwing anything against the wall that he thinks will stick. As is always the case with Donald, he’ll try and change the subject.”

A Times spokesperson, Danielle Rhoads Ha, said the lawsuit “is an attempt to silence independent news organisations and we plan to vigorously defend against it.”

The Times’ coverage of Trump’s taxes, she said, “helped inform citizens through meticulous reporting on a subject of overriding public interest”.

One of the Times reporters, Craig, responded in a tweet: “I knocked on Mary Trump’s door. She opened it. I think they call that journalism.”

Trump is seeking US$100 million in damages.

Trump filed his lawsuit almost a year to the day after Mary Trump sued him over allegations that he and two of his siblings cheated her out of millions of dollars over several decades while squeezing her out of the family business.

That case is pending.

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Mary Trump, 56, is the daughter of Donald Trump’s brother, Fred Trump Jr, who died in 1981 at age 42. Mary Trump was 16 at the time.

Trump’s lawsuit focuses only on the Times’ 2018 story, a Pulitzer Prize finalist. It makes no mention of another Times scoop on Trump’s taxes last year, which found he paid no federal income taxes in 10 of the previous 15 years.

According to the lawsuit, Mary Trump came into possession of more than 40,000 pages of “highly sensitive, proprietary, private and confidential documents” through a legal case involving Fred Trump’s will.

The documents including financial records, accountings, tax returns, bank statements, and legal papers pertaining to Donald Trump, Fred Trump and their businesses, Trump’s lawsuit said.

In 2001, about two years after Fred Trump died, Mary Trump and other family members entered into a settlement agreement with confidentiality and non-disclosure clauses that barred them from sharing information about Fred Trump’s estate in, among other venues, newspaper stories, Trump’s lawsuit said. The agreement also covered the estate of Fred’s wife, Mary Anne Trump, who died in 2000.

Trump, who bashed the Times repeatedly during his presidency as the “failing New York Times,” noted in the lawsuit that the 2018 article was viewed more online than any previous Times article and that the New York Times Company’s stock price jumped 7.4 per cent the week it ran.

The Times’ story said that Donald Trump and his father avoided gift and inheritance taxes by methods including setting up a sham corporation and undervaluing assets to tax authorities. The Times says its report was based on more than 100,000 pages of financial documents, including confidential tax returns from the father and his companies.

Mary Trump’s book, Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man, debuted in the midst of Donald Trump’s re-election campaign last year. Donald Trump’s brother, Robert, tried unsuccessfully to have a court block the book’s publication, citing the 2001 settlement agreement.

Ruling in Mary Trump’s favour, a judge said the confidentiality clauses, “viewed in the context of the current Trump family circumstances in 2020, would ‘…offend public policy as a prior restraint on protected speech”.

In the book, Mary Trump recounted providing the family financial records that underlaid the Times’ reporting. The book sold more than 1.3 million copies in its first week and soared to No 1 on the Times’ bestseller list.

In an interview connected with the release of the book, Mary Trump told ABC’s George Stephanopoulos she didn’t feel the non-disclosure agreement “mattered one way or the other because what I have to say is too important”.

 

Arkflix Introduces the ‘PARTNER WITH ARKFLIX’ Project

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An International Entertainment Streaming company, ARKFLIX @thearkflix, a FREE viewing Christian based movie and entertainment streaming platform now offers business partnership for all her users and non users across the world.

ARKFLIX is a faith based online streaming platform that allows consumers to view and stream high-definition movies, documentaries, TV shows via their computer, tablets, smart phones and smart TVs.

The recent new and upgraded ARKFLIX app provides quality entertainment space for all ages & class without worry of harmful content.

The ARKFLIX platform is designed to offer a vast collection of different genres for subscribers to select from. The app collection is designed appropriately for everyone, particularly those who are interested in watching faith-based and inspirational movies, TV shows, kids educational content and documentaries.
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Speaking on the partnership call, ARKFLIX Africa Communications Team said:

“We are determined to reach out, bless, educate and inspire more lives through quality entertainment but like every organization, we all thrive on partnership. We have the world class platform and contents, while our users and prospective users have the vast contacts and network. We believe that partnering on this project will help actualize our vision of reaching out to the world while we also help our partners productively.”

This partnership is open to the global community and for all details and process of partnership, go to available at https://www.arkflix.com/

Elon Is Back! As Tweet Causes an over 1000% Surge in the Crypto Market

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The famous and traditional Elon Musk tweet surfaced again and this time his tweet about ‘Floki’ themed cryptocurrency caused a 1000% surge in Shiba Floki. Credit: Public Domain
Elon Musk caused a 1000% surge in the price of the Shiba Floki cryptocurrency after tweeting an image of a Shiba Inu dog, captioning it “Floki has arrived.”

The image is actually of Musk’s newest addition to his family, a Shiba Inu puppy named Floki. Musk had announced in a tweet posted in June–during the height of the Dogecoin craze–that his new puppy would be named Floki.

But because of Musk’s infamous history of tweeting about cryptocurrency, especially Dogecoin, many developers have created new, Shiba Inu themed coins hoping to ride the wave of Musk’s promotion of Doge. Thus developers were prepared for the event of a new pump from Musk, having created the “Shiba Floki” token in the time between his first tweet this summer and the puppies actual arrival this Sunday.

Their plan worked: once Musk had published the picture of Floki, Shiba Floki pumped a staggering 1000% in value. Other Floki themed coins like “Floki coin,” “Floki Inu” and “Floki Shiba” experienced rises of 250%, 60%, and 25%.

Dogecoin’s official twitter account offered a playful response to Musk’s tweet, saying “Mr Musk sir, I just want to let you know that your doge is shaped somewhat like a small bean. Thank you. That is all.”

This huge pump in the Doge and Floki inspired arena of cryptocurrency comes on the back of an already massive surge for Dogecoin and the entire crypto market four weeks ago.

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On August 17th the market value of cryptocurrency rose back up to $2 trillion with Dogecoin seeing an 18% increase in value.

But Doge was not alone in this climb, Bitcoin, XRP, and Cardano all saw significant pumps in that period, with Bitcoin nearly hitting $50k.

“Bitcoin continues above its critical 200-day moving average,” strategists from Fundstrat, an independent research firm, noted on Friday. “Also on our radar is Cardano (ADA), which after signaling smart contracts are soon to hit the platform earlier this week is up.”

The rise in the market follows the cryptocurrency industry’s unsuccessful attempt to change the crypto tax reporting rules in a U.S. infrastructure bill which allowed for broad oversight of cryptocurrencies.

“The price of Bitcoin was surprisingly resilient in the wake of the news,” said NYDIG Global Head of Research Greg Cipolaro on Saturday. “We interpreted this price action as extremely bullish,” and “we think the recognition of the crypto industry by lawmakers was ultimately a legitimizing event, one that should give investors comfort that this industry is here to stay,” added Cipolaro.

The digital currency market has definitely seen some positive gains this past month, but the $48,000 mark is nowhere near Bitcoin’s April all time high of $64,000. Fear, uncertainty, and doubt still plague the crypto market after it suffered a rough spell earlier this summer.

50 Most Reputable Bank CEOs in Africa.

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History has proven that crisis often births innovation. This can be observed in the African banking sector.
Over the past decade, the dampening profitability has led to unprecedented innovation being stirred up from first-time customer channels, automation, and the new back-office technologies.

The most recent crisis the world witnessed was the Covid-19 pandemic, which struck a blow to the banking industry across the globe; most specifically the African banks have seen a decline in the average return on equity (ROE) from 14% in 2019, to 7% in 2020 (McKinsley,2021). These statistics are significantly better than the average return on equity (ROE) expected from developed markets, which is estimated to dip below 1.5% in 2021, before rebounding to initial levels pre-pandemic of 9%.McKinsey reports it may take the developed markets up to 5 years to recover from the crisis, which is longer than the 3 years estimated for African banks, this is due to them taking effective government interventions and taking measures that best tackles the virus.
So if economic recovery goes as planned, by 2022 the African banks should rebound to their pre-Covid-19 revenue levels, whilst the banks in developed markets will only rebound by 2024.

The African banks analyses in the McKinsey report belongs to four of Africa’s biggest economies – Kenya, Morocco, Nigeria, and South Africa. The power minds behind the resilience showed by African banks to rebound faster to pre-crisis levels, had to be implemented by well knowledgeable, and high-profile open-minded thinkers who make decisions for Banking institutions.

Leading banks have a proper and well-defined pattern of operation Model constructed by a major in-house innovative mind-a leader; these are Bank CEOs and MDs. Those in these positions are those who deploy strategies significantly to be able to respond to changes in the market. There are no fluke approaches in such attained heights and results. They not only manage new operating models but also sustain a more functional innovation program that banks retain to their advantage as fintech systems progresses.

This year, Reputation Poll International LLC, a leading global reputation-management firm finds it necessary to recognize the Banking sector, which plays a major role in our society, connecting people, linking up businesses and influencing the economy directly or indirectly.
As part of our annual ranking; the Executive Appraisal of Reputable individuals from all works of life, after extensive research on various playmakers (the CEO’s) in the African Banking sector, we choose to recognize the following 50 Most reputable Bank CEOs in Africa.
Those who have built and played an imperative role in revolutionizing the banking sector based on the following criteria; Excellence, Integrity, Reliability, Expertise, Technology, and ease of credit. They have helped their Banks attain a great height of performance.
Included in this list is the Oldest CEO by the name of Othman Benjellouna, a Moroccan banker billionaire businessman. He is the co-founder of Bank of Africa and BMCE Bank. Also serving as the Chairman and Chief Executive Officer in 2021, his net worth is estimated by Forbes to be US$1.3 billion.

More details are available on www.event.reputationpoll.com

Kindly note that the ranking is in alphabetical order.

1. Abdulmajid M. Nsekela|| Male, CRDB Bank Plc. Tanzania

2. Abena Osei-Poku || Female , Absa Bank Ltd, Ghana.

3. Ade Ayeyemi || Male, Ecobank Group, Nigeria.

4. Alain Law Min|| Male, Mauritius Commercial Bank, Mauritius.

5. Alan Pullinger|| Male, FirstRand South Africa.

6. Alice Kilonzo-Zulu|| Female, Ecobank Rwanda.

7. Baronice Hans|| Female, Bank Windhoek, Namibia.

8. Charles Mudiwa|| Male, Stanbic Bank Ltd. Kenya.

9. Daniel Mminele|| Male, Former CEO ABSA , South Africa.

10. Diane Karusisi|| Female, Bank of Kigali, Rwanda.

11. Ebenezer Onyeagwu|| Male, Zenith Bank, Nigeria.

12. Emeka Okonkowo|| Male, Union Bank of Nigeria.

13. Emmanuel Assiak|| Male, Afreximbank, Egypt.

14. Ekundayo Gilpin|| Male, Rokel Commercial Bank, Sierra Leone.

15. Fani Titi ||Male, Investec Bank PLC, South Africa.

16. Faustin Rukundo Byishimo|| Male, Access Bank (Rwanda) Plc. Rwanda.

17. Gerrie Fourie|| male Capitec Bank PLC, South Africa.

18. Halima Buba|| Female, SunTrust Bank. Nigeria.

19. Hussein Majid Abaza|| Male, Commercial International Bank, Egypt.

20. Hylton Kallner|| Male, Discovery Bank, South Africa.

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21. Ifie Sekibo|| Male, Heritage Bank Nigeria.

22. Ireti Samuel-Ogbu|| Female, Citibank Nigeria.

23. Jacques Celliers|| Male , First National Bank, South Africa.

24. James Mwangi|| Male, Equity Bank of Kenya.

25. Jennifer Riria|| Female, Kenya Women Microfinance Bank, Kenya.

26. Joshua Nyamweya Oigara|| Male, Kenya Commercial Bank Group, Kenya.

28. Julian Kingsley Opuni|| male, Fidelity Bank Ghana.

29. Kweku Bedu-Addo|| Male, Standard Chartered, South Afrca.

30. Leina Gabaraane|| Male, Stanbic Bank, Zambia.

31. Luís Roberto Gonçalves|| Male. CEO of Banco de Fomento Angola.

32. Lungisa Fuzile|| Male, Standard Bank, South Africa

33. Macfussy M Kawawa||Male, National Bank of Malawi.

34. Mansa Nettey|| Female, Standard Chartered Bank of Ghana.

35. Mareme Mbaye Ndiaye|| Female, Société Générale Cameroun.

36. Martha Murorua || Female, Nedbank Namibia

37. Mercia Geises|| Female, Standard Bank, Namibia.

38. Michael William Thomas Brown|| Male, Nedbank group, South Africa.

39. Miriam Olusanya|| Female, The Guaranty Trust Holding Company Plc, Nigeria.

40. Mohamed El Kettani|| Male, Attijariwafa Bank. Morocco.

41. Nasim Mohamed Devji|| Female, Diamond Trust Bank Group, Kenya.

42. Noellie Tiendrebeogo|| Female – CEO, UBA Burkina Faso.

43. Othman Benjelloun|| Male, BMCE Bank, Morocco (90 years old).

44. Rui Barros|| Male, Absa Bank Mozambique,

45. Samuel Minta|| Male, Stanbic Bank, Botswana.

46. Steven Lefentse Bogatsu|| Male, First National Bank of Botswana.

47. Todd Wilcox|| Male, HSBC, Egypt.

48. Tsehay Shiferaw|| Male, Awash Bank Ethiopia.

49. William Mpinganjira|| Male, FDH Bank, Malawi.

50. Yemisi Edun|| Female, First City Monument Bank, Nigeria.

 

Morrisons Bosses Set To Scoop Almost £40m After a £7bn Takeover Bid

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Morrisons bosses are set to scoop a jackpot of almost £40m after accepting a £7bn takeover bid from Clayton, Dubilier & Rice.

Morrisons was founded as a market stall in Bradford by William Morrison, whose son Sir Ken transformed it into a national grocer within 50 years.

The US private equity giant, which is being advised on the deal by Sir Terry Leahy, offered to pay 285p per share for the supermarket group.

This trumped an earlier £6.7bn agreement with Fortress – a private firm owned by the Japanese investment group Softbank.

The deal will land Morrisons’ top dogs tens of millions of pounds.

Chief executive David Potts could make around £22m alone from the sale. The 64-year-old has led the company since 2015.


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The amount he will take home depends on whether shares he has been allocated under bonus schemes are paid out – but this is almost always the case during takeovers.

Operations chief Trevor Strain is in line for almost £13m, while finance boss Michael Gleeson could make around £4m.

Chairman Andy Higginson is set for a much cooler £350,000 or so as chairmen are not typically paid in shares and do not accrue stock through bonus schemes.

CD&R unveiled its bid late last night – ahead of a 5pm deadline today to put forward a final offer. But Fortress later came out and said it was considering what to do next. This could see it table an even bigger deal – or drop out of the running entirely.

Google’s Larry Page granted New Zealand residency

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Larry Page, Google’s co-founder and one of the world’s richest men, has been granted New Zealand residency under a category for wealthy investors.

Applicants are required to invest at least $7m in New Zealand over three years.

Mr Page entered New Zealand in January, when its borders were still closed because of Covid-19.

But the government said he was allowed in because of a medical emergency application involving his son.

Mr Page, 48, had applied for residence in November. However, his application could not be processed because he was offshore at the time.

But in January, the US tech billionaire was allowed into New Zealand so his son could be evacuated from Fiji because of a medical emergency, the government confirmed on Thursday. His application was approved in February.

In parliament this week, Health Minister Andrew Little defended the decision to grant him entry.

“[His entry] met all the standard conditions of a medical emergency requiring a medical evacuation from the islands, and every requirement and regulation that was in place… was complied with,” Mr Little said, according to a transcript on the parliament’s website.

Some critics of the decision highlighted its apparent unfairness.
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“We have got these GPs or nurses who are stuck in an interminable waiting room to get their residence, whereas Larry [Page] comes in and boom, straight away can become a resident,” immigration adviser Katy Armstrong told Radio New Zealand.

Mr Page is listed as one of the richest people in the world with a reported wealth of more than $116 bn. He stepped down as chief executive of Google’s parent company Alphabet in 2019, but remains a board member and controlling shareholder.

He is not the first Silicon Valley tech billionaire to have taken a particular interest in New Zealand.

Peter Thiel, a co-founder of Paypal and early investor in Facebook, once described the South Pacific island nation as “the future” and became a citizen back in 2011. He has since invested heavily there.

Located more than 6,000 miles (10,000km) from the US mainland, New Zealand was recently identified as a country more resilient than most to the threat of climate change.

In a study released last month, researchers at the UK-based Global Sustainability Institute described New Zealand as “best placed to survive the collapse of global civilisation”.

The temperate, mountainous country is well-placed to deal with threats such as rising sea levels.

Egypt ramps up spending on health, education in new budget

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Egypt’s Cabinet has denied reports that it reduced funding for the country’s health and education sectors in the state’s general budget for 2021/2022.

It came following the publication of claims on several major websites and social media pages.

The Cabinet’s Media Center subsequently contacted the Egyptian Ministry of Finance, which denied the claims.

In a statement, the media center said that there was “no truth to the news” regarding a reduction of funding for the health and education sectors in the state’s budget.

It added that funding of the health and education sectors were instead raised in the new general budget, exceeding constitutional entitlement rates.

Allocation to the health sector increased by 6.6 percent to reach 275.6 billion Egyptian pounds ($17.5 billion), compared to 258.5 billion Egyptian pounds in the 2020/2021 budget.

The increase in education funding also rose by 6.8 percent to reach 388.2 billion Egyptian pounds, compared to 363.6 billion Egyptian pounds in the previous budget.
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The total expenditure of the state’s general budget for administrative apparatus, local administrations, and public service bodies also amounted to about 1.8 trillion Egyptian pounds.

Financial allocation for public investments saw an unprecedented increase, reaching 358.1 billion Egyptian pounds in the new budget — a 27.6 percent increase — compared to a previous 280.7 billion Egyptian pounds.

The increase in funding aims to ensure improvements in services provided to citizens, authorities said.

Spending on development projects is being maximized to speed up the progress of Egypt’s Vision 2030 national agenda.

 

‘God is great’, Rihanna’s humble reaction to billionaire status news

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RIhanna came forth reacting humbly after achieving her coveted billionaire status, thanks to Fenty beauty.

 On Wednesday, Forbes announced that the Umbrella singer has officially become the wealthiest female musician in the world.

“Being inclusive for me always came second nature,” Rihanna reacted.

“I see how women become so emotionally invested and they feel represented. They feel like they can see themselves on the shelves and in the campaigns.”

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Rihanna went on to add, “I wanted men to be represented because this skincare line is gender-neutral. I want it to be for everyone, so you don’t have men scared to use skincare.

“They think it’s a feminine thing, they think it’s just for girls, and I don’t like that idea. We all have skin, we all wear skin, so I knew we needed that male representation in the campaign,” she continued.

“We want these products to work for all skin types and, of course, all skin tones. I want these things to be different from anything that is on the market. I want it to be simple. I want it to be accessible, but still with the high level of ingredients that some of these other brands do but they’re so expensive,” Rihanna concluded

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