Switzerland's Canton Bern has passed a historic bill to assess the impact of Bitcoin mining, with 85 lawmakers in favor and 46 against. The report will explore Bitcoin mining's potential to stabilize the energy grid and utilize wasted energy, further solidifying Switzerland's position as a crypto-friendly nation. This move follows a broader trend of countries like El Salvador and Bhutan engaging in Bitcoin mining, while companies like MicroStrategy adopt Bitcoin as a strategic reserve asset.
22:16 28.11.2024
Boryszew S.A. generates revenues primarily from the motorization segment (PLN 1.66 billion) and chemicals (PLN 161.59 million), but faces challenges with a high payout ratio of 486.5% and a volatile dividend history. Recent financial results indicate a net loss for Q3 2024 and declining revenues, raising concerns about future dividend sustainability. In contrast, St. Galler Kantonalbank offers a stable dividend yield of 4.5% with a payout ratio of 57.1%, while Taihei Dengyo Kaisha has a 2.99% yield and a 27.6% payout ratio, indicating better coverage by profits.
22:04 28.11.2024
Zurich's Paradeplatz flagship store is valued at 180 million francs, contributing to total assets estimated between 250-300 million. Notable fortunes include the Lemann family at 17-18 billion francs, Andrei Melnichenko at 17-18 billion, and the Bertarelli family at 16-17 billion, with significant investments across various sectors.
The canton of Bern has passed legislation to explore Bitcoin mining as a means to utilize surplus electricity and stabilize the energy grid. Lawmakers have tasked the Executive Council with preparing a report on potential partnerships with local Bitcoin mining companies, despite concerns about competition for renewable energy and regulatory issues. Advocates argue that Bitcoin mining could drive economic growth and enhance the use of renewable resources, while the council remains cautious about the implications of such initiatives.
22:00 28.11.2024
Japan may delay a decision on tax increases needed to fund its significant military expansion, according to Mitsunari Okamoto, the policy chief of Komeito. He emphasized that even if a decision isn't reached this year, the country will continue to enhance its defense capabilities.
The Ikea heirs, who dominated the list of Switzerland's richest for 21 years, have fallen out of the top ten in 2024, with their wealth reportedly shrinking from 55 billion francs to just 10 billion. This significant drop has raised skepticism about the accuracy of the wealth assessment.
The Nifty 50 dropped significantly on November 28, falling 361 points to 23,914, unable to hold near the 24,350 resistance level. A rebound may face resistance between 24,000 and 24,200, while support is seen at 23,600. The Bank Nifty must surpass 52,000 for an upward trend; otherwise, it could decline towards 51,600–51,500.
The Canton of Bern's parliament has approved a proposal to explore Bitcoin mining as a means to utilize excess energy and stabilize the power grid, with a vote of 85 to 46. A feasibility study will assess energy availability, environmental impact, and regulatory issues, despite initial government opposition due to concerns over energy consumption and environmental effects. The initiative aims to position Bern as a competitive hub for crypto innovation, highlighting the potential economic benefits of Bitcoin mining.
21:31 28.11.2024
Javier Milei, Argentina’s president, engaged in an interview with The Economist on November 25th in Buenos Aires. The discussion, which was translated automatically, has been lightly edited for clarity, and the accuracy of the figures cited by Milei has not been verified.
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