Author: News Room

In a strategic move to outmaneuver its rivals, Aave (AAVE) has launched “Merit,” a new reward program, on Tuesday at 18:00 UTC. This program is aimed at Aave’s most loyal users. Merit rewards actions beneficial to the Decentralized Autonomous Organization (DAO). This initiative focuses on genuine contributions rather than generic incentives. Aave Penalizes Engagement With Non-Aligned Products Through Merit Airdrop Merit went live, distributing 280 Wrapped Ethereum (WETH) to select borrowers. Furthermore, an airdrop for Aave’s stablecoin – GHO borrowers and stakers is on the horizon. The success of Merit is evident, with around 200,000 Ethereum (ETH) moving from other…

Success in Ukraine has ‘now a matter of U.S. credibility,’ Polish foreign minister saysUkraine succeeding against Russia in the war has become a question of U.S. credibility, Radoslaw Sikorski, Poland’s foreign minister, told CNBC.”The success of Ukraine is now a matter of U.S. credibility. And if U.S. support for Ukraine were to stop, I think U.S. allies around the world would notice and would start hedging,” he told CNBC’s Steve Sedgwick Tuesday.Aid for Ukraine has become a highly contested topic among U.S. lawmakers in recent months, with an aid package that would see around $61 billion worth of support for the…

LONDON — The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come.Headline inflation slid by more than expected to an annual 3.4% in February, hitting its lowest level since September 2021, data showed Wednesday. The central bank expects the consumer price index to return to its 2% target in the second quarter, as the household energy price cap is once again lowered in April.The larger-than-expected fall in both the headline and core figures was welcome news for policymakers ahead of this week’s interest…

Former President Donald Trump says the controversial photograph of Catherine, Princess of Wales, and her three children that was recalled by global news agencies because it was found to have been edited “shouldn’t be a big deal.” “That shouldn’t be a big deal because everybody doctors. You look at these movie actors and you see a movie actor and you meet him, and you say, ‘Is that the same person in the picture?’ And I looked at that actually, and it was a very minor doctoring. I don’t understand why there could be such a howl over that,” Trump said…

Five years ago, snowboarder Elena Hight decided to change the trajectory of her entire career. Hight, now 34, had already built a successful 16-year career in halfpipe snowboarding, having gone pro at just 13 years old. She competed in two Winter Olympics (2006 and 2010) and amassed seven X Games medals and a Burton U.S. Open championship. But Hight didn’t make the U.S. Olympic team in 2018, a surprise that caused her to reexamine her career to that point. Many halfpipe or slopestyle riders would consider 16 years and multiple podiums a satisfactory career and hang it up. Not Hight.…

One of the most significant phenomena in recent times is the mounting concentration risk associated with the so-called “Magnificent 7” stocks. The Magnificent 7 refers to the seven most influential stocks in the S&P 500 index. These stocks, including NVIDIA NVDA , Meta Platforms, Tesla TSLA , Amazon AMZN , Alphabet, Microsoft MSFT , and Apple AAPL , have dominated the market, driving significant gains in the major indexes. However, the upward price momentum of some of these stocks is diminishing, indicating potential risks for investors. Fourth quarter earnings reports often set the tone for the market’s trajectory in the…

A food delivery driver in the UK faces potential imprisonment for biting off a customer’s thumb, in a case that reveals a worrying loophole for delivery app customers.In December 2022, Jenniffer Rocha, 35, got into a heated argument with a man who ordered a pizza using the Deliveroo app, according to the BBC. Deliveroo is a popular food-delivery app in the UK.In the altercation that followed, she bit off his thumb.She pleaded guilty to grievous bodily harm and is due to be sentenced in May, the BBC reported.But despite the victim, identified by the outlet as Stephen Jenkinson, losing his…

A Delta pilot reported a laser being pointed at his plane on approach to Buffalo Airport.Police couldn’t initially find the laser until an annoyed neighbor called them, the complaint says.Laser incidents were up 41% last year, with a record 13,304 reported by the FAA. A 29-year-old could face five years in prison and a $250,000 fine after being accused of aiming a laser pointer at an aircraft, prosecutors said.In a complaint filed earlier this month, which was viewed by Business Insider, investigators said the man pointed a green laser at a Delta Air Lines flight arriving at Buffalo Airport, New…

LONDON (Reuters) – Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business told Reuters. Tokio Marine’s international business has grown to more than 50% of the company’s profits, compared with less than 3% 20 years ago, with its most recent large acquisitions in the U.S. market. “Something we could do relatively easily would be in the $10 billion range,” Chris Williams, co-head of Tokio Marine’s international business said in an interview on Monday. “North America is the biggest insurance market…

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