Latest updates: UK electricity prices hit second highest on record to meet Monday’s peak demand

BBVA, the Spanish bank, has launched a € 2 billion bid for the 50.15% stake in Garanti, Turkey’s largest bank by market capitalization, which it does not yet own, using funds from its own sale recent US assets. The 25.7 billion TL (2.25 billion euros) acquisition price represents a 34% …

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Finance Minister Simon Birmingham slams ‘dangerous and narrow’ pro-China remarks by former PM Paul Keating

Finance Minister Simon Birmingham blasted Labor heavyweight Paul Keating’s pro-China criticism of the Coalition’s Indo-Pacific defense decisions, calling his comments “frankly dangerous”. Former Labor Prime Minister Paul Keating’s scathing assessment of the Morrison government’s policy decisions in the Indo-Pacific was called short-term, narrow and dangerous by Finance Minister Simon Birmingham. …

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North Korea’s elusive cash coupons from A to Z

A photo of the currency bills currently in circulation in North Korea. / Image: Daily NK More than two months have passed since the North Korean authorities issued cash vouchers, or donpyo, to absorb foreign currency. However, most North Koreans are unaware that the coupons were issued. According to several …

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Huobi Global leaves Singapore to form a new local entity

Huobi Global, one of the world’s largest cryptocurrency exchanges in terms of transaction volumes, is shutting down operations in Singapore shortly after exiting China. The exchange will have closed the accounts of all Singapore-based users by the end of March next year, the company officially announced on Tuesday evening. All …

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Trips to Siam and Laos: a lost photo album

A Royal Copenhagen vase representing the little mermaid was the genesis of this current research. The vase was presented to Tan Heng Soon, my late husband’s father who retired as a comprador with the Danish East Asian Company at their place of business in Penang, Malaysia. [Digital photo: author’s collection] …

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