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The guardian bitcoin traderUS bitcoin trader may face death penalty in Thailand over 'sea home' | World news | The Guardian
This was despite stores being open less than half the time. A twofold increase in online sales helped make up for the closures, it said. The high-end watch brands control their distribution tightly and the retailer benefits from relationships with the likes of Rolex, Patek Philippe, Tag Heuer and Omega.
Sales at the diamond miner De Beers have slid to their lowest level in almost a decade, after the pandemic took the shine off global demand for gems and jewellery.
Initial jobless claims increase to ,, a three-month high, writes RSM's chief economist, JoeBrusuelas. The Brexit development is that the European parliament has set a deadline of midnight on Sunday for a deal, so it has time to hold a consent vote this year. Good progress, but last stumbling blocks remain. Updated at 5. European stock markets have closed at their highest level since the pandemic crash in the spring. The Stoxx index ended the day up 0.
Hedge funds who have resisted Bitcoin can no longer and need to show their investors that they are not missing out on what has become the best trade for the fourth quarter. Bitcoin will continue to benefit from the prospects of more monetary and fiscal stimulus, but volatility will remain heightened.
Robinhood also failed to satisfy its duty to seek the best reasonably available terms to execute customer orders, the SEC says. Updated at 4. All-time Stock Market high. The Vaccine and the Vaccine rollout are getting the best of reviews. Moving along really well. Also, stimulus talks looking very good.
Important news in the UK: chancellor Rishi Sunak is to extend the furlough scheme for an additional month, until the end of April.
It appears to be a clear signal that Covid restrictions will last for some months, given the decision to move London into tier 3 earlier this week - and other parts of southern and eastern England today.
Sunak has also said the government will hold a budget on 3 March to outline the next stage of its response to the coronavirus pandemic. With the Bank of England extending its cheap loan scheme TFSME today to encourage bank lending , policymakers do seem to be battening down for months more disruption. The chancellor said the flagship wage subsidy scheme would be extended until the end of April, a month longer than planned, in a bid to cushion the rising economic fallout of the second Covid wave.
Aiming to help firms navigate mounting economic disruption, the chancellor also confirmed he would extend government-guaranteed business loan schemes until the end of March. Updated at 3. The surge in US jobless claims must spur Congress into agreeing a new stimulus package , says Neil Birrell, chief investment officer at Premier Miton Investors , says. There is little doubt that the spread of the virus is yet again having a significant negative impact.
The Fed stands ready, now the government has to get the support package sorted; markets will demand it. Rising layoffs are an alarm bell that Congress needs to pass more stimulus. Overall, Despite brighter days on the horizon, the economic recovery has narrowed and economic growth in the near term is likely to struggle.
While the terms of a potential fiscal relief package are still very much up in the air, it may not be enough to help some industries and companies survive through the winter. Overall, there is optimism about the long-term outlook for the economy but caution still remains in the near term. The coronavirus continues to spread at a rapid pace, with an increase in hospitalizations and deaths unfortunately following close behind. However, any rebound will likely not be allocated equally among all sectors of the economy, and many things need to go right, including a smooth distribution process, no manufacturing or supply chain hiccups and widespread adoption of the vaccine.
Updated at 2. A total of , people filed initial claims for jobless support last week, the Labor Department says, a drop of 21, week-on-week. So add on the k claims made under the separate PUA programme, and nearly 1. The structure is made up of an octagon platform sitting atop a 20 metre long pillar and lies 12 nautical miles from the shore.
Elwartowski, who worked as a software engineer for the US military in Afghanistan, Germany and South Korea before accumulating his wealth through investing in cryptocurrency Bitcoin, is part of Ocean Builders, a community of entrepreneurs who aim to build seasteading communities. We just want to live. The structure, which was rooted to the floor but could be floated to new waters , was placed in the sea near Racha Yai island in Thailand in February but it was only discovered by Thai navy officers this week.
The couple were no aboard at the time. Ocean Builders and Elwartowski had plans to expand the seastead, which they had called XLII, beyond just the one home. In April, a call was put out for investors to help build another 20 floating seastead homes in the Andaman sea, claiming he had almost 70 interested investors, though the plans have now been paused.