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coinswitch takes legal action against wazirx after significant cyber attack

CoinSwitch holds Rs 2514.91 crores in Proof of Reserves while dealing with the aftermath of WazirX’s $230-million cyber attack, which resulted in a 45% loss of its crypto holdings in July 2024. Currently, CoinSwitch is restructuring to assist affected users in recovering their funds and is pursuing legal action to reclaim 2% of its assets, totaling Rs 12.4 crore in INR, Rs 28.7 crore in ERC20 tokens, and Rs 39.9 crore in other tokens stuck with WazirX.
Moneycontrol
United States Dollar Indian Rupee CoinSwitch WazirX IND Srihari Show more
Finance & Economy, Market Report
19:01 22.10.2024

higher taxes on pension withdrawals threaten savings and public trust

The Federal Council's proposal to increase taxes on capital withdrawals from pension schemes threatens private pension provision and erodes trust in the state. With a significant rise in capital withdrawals, many individuals are opting for lump-sum payments over lifelong pensions, risking their financial security in old age. Critics argue that the government should focus on reducing spending rather than imposing new taxes that could deter private savings and worsen the financial outlook for retirees.
Neue Zürcher Zeitung
Swiss Franc Federal Statistical Office CHE
Finance & Economy, News Article
18:58 22.10.2024

G7 and US near agreement on 50 billion dollar loan for Ukraine

U.S. Treasury Secretary Janet Yellen announced that G7 and EU allies are nearing the finalization of a $50 billion loan to Ukraine, with the U.S. contributing approximately $20 billion, backed by frozen Russian assets. Yellen expressed confidence that these assets will remain immobilized, ensuring that U.S. taxpayers will not bear the loan's repayment burden. Additionally, she indicated that new sanctions targeting intermediaries supplying Russia's military will be unveiled soon.
SWI swissinfo.ch
Euro United States Dollar Euroclear N.V. USA UKR BEL Donald Trump Janet Yellen Show more
Finance & Economy, News Article
18:54 22.10.2024

G7 and EU near agreement on 50 billion loan for Ukraine

U.S. Treasury Secretary Janet Yellen announced that G7 and European Union allies are nearing the finalization of a $50 billion loan to Ukraine, which will be backed by frozen Russian assets. The United States is expected to contribute approximately $20 billion to this effort.
reuters.com
United States Dollar Russian Ruble Ukrainian Hryvnia Reuters Ltd. RUS UKR USA Janet Yellen Show more
Finance & Economy, News Article
18:54 22.10.2024

Citigroup promotes three bankers to enhance healthcare investment banking efforts

Citigroup has promoted Sumit Khedekar, Nishant Jadav, and Michael Guarino to senior roles in healthcare investment banking, aiming to enhance its deal-making in the sector. Khedekar becomes global head of healthcare, while Jadav takes on the role of global head of healthcare services, and Guarino leads healthcare services in North America. These appointments follow Citi's involvement in significant healthcare transactions, including the $16.5 billion sale of Catalent to Novo Nordisk's parent company.
ch.zonebourse.com
United States Dollar The Goldman Sachs Group, Inc. Bank of America Corporation Citigroup Inc. Novo Nordisk A/S Credit Suisse Anlagestiftung USA Sumit Khedekar Nishant Jadav Michael Guarino Show more
Finance & Economy, News Article
18:45 22.10.2024

Citigroup promotes three bankers to enhance healthcare mergers and acquisitions team

Citigroup has promoted Sumit Khedekar, Nishant Jadav, and Michael Guarino to senior roles in healthcare investment banking, aiming to enhance its deal-making in the sector. Khedekar becomes global head of healthcare, while Jadav takes on the role of global head of healthcare services, and Guarino leads healthcare services in North America. These appointments follow Citi's recent advisory on significant healthcare transactions, including the $16.5 billion sale of Catalent to Novo Nordisk's parent company.
Zonebourse
United States Dollar Novo Nordisk A/S The Goldman Sachs Group, Inc. Credit Suisse Anlagestiftung Bank of America Corporation Citigroup Inc. USA Nishant Jadav Michael Guarino Sumit Khedekar Show more
Finance & Economy, News Article
18:45 22.10.2024

Citigroup promotes three bankers to enhance healthcare investment banking efforts

Citigroup has promoted Sumit Khedekar to global head of healthcare, alongside Nishant Jadav as Global Head of Healthcare Services and Michael Guarino as head of healthcare services in North America. These appointments reflect the bank's strategy to enhance its investment banking presence in the healthcare sector, following notable transactions like the $16.5 billion sale of Catalent to Novo Nordisk.
Boursorama
United States Dollar Catalent, Inc. Novo Nordisk A/S Bank of America Corporation Citigroup Inc. Credit Suisse Anlagestiftung The Goldman Sachs Group, Inc. USA Sumit Khedekar Nishant Jadav Michael Guarino Show more
Finance & Economy, News Article
18:43 22.10.2024

nevada unemployment reaches three year high ahead of crucial election

Nevada's unemployment rate has surged to a three-year high of 5.6% in September, marking the fourth consecutive month of increases. This rate is the second highest in the nation, trailing only Washington DC, and significantly exceeds the national average of 4.1%. The rising unemployment poses a potential challenge for Vice President Kamala Harris' campaign in this critical battleground state.
bloomberg.com
United States Dollar Bureau of Labor Statistics USA Harris Kamala
Finance & Economy, News Article
18:42 22.10.2024

telehealth market growth driven by digital adoption and innovative solutions

Allied Market Research (AMR) aids clients in strategic decision-making and sustainable growth through extensive research methodologies, leveraging insights from industry experts and Fortune 500 companies. The telehealth market is experiencing significant growth, particularly in North America, driven by the rising demand for digital healthcare solutions. Recent developments include Eli Lilly's launch of LillyDirect for chronic disease management and Royal Philips' new patient engagement solutions.
EIN News
United States Dollar Medtronic Defined Contribution Plan Master Trust American Well Corporation Koninklijke Philips N.V. GE HealthCare Technologies Inc. Cerner Corporation Siemens Healthcare Private Limited Teladoc Health, Inc. USA NLD Pawan Kumar Royal Philips Eli Lilly Show more
Healthcare, Market Report
18:41 22.10.2024

Georgia's billionaire warns against escalating tensions with Russia in elections

Bidzina Ivanishvili, Georgia's richest person and founder of the ruling party, warns voters against provoking Russia, framing the upcoming election as a battle to avoid conflict similar to Ukraine's. Despite a pro-Western past, his recent policies and rhetoric have shifted towards Russia, raising concerns about his influence over Georgia's political landscape. Many Georgians fear a return to war if the opposition gains power, reflecting deep divisions in the country’s approach to foreign relations.
SWI swissinfo.ch
Credit Suisse Anlagestiftung USA UKR GEO RUS Bidzina Ivanishvili Natalie Sabanadze Mikheil Saakashvili Irakli Garibashvili Irakli Kobakhidze Show more
Finance & Economy, News Article
18:34 22.10.2024
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