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A pound could buy $1.21 on Thursday morning, the highest amount since mid-August, making imports cheaper for UK companies and consumers. The 20 cents rise in sterling buying power from an all-time low in the days following the September mini-budget and the associated market upset, is due to dollar weakness rather than pound strength. The
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Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in trying to settle investors’ nerves after the sudden collapse of FTX. In a note to shareholders on Tuesday, Silbert addressed all the “noise”
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ISRO on Wednesday announced that RH200, the versatile sounding rocket of the Indian space agency, has registered its 200th consecutive successful launch from the shores of Thumba, Thiruvananthapuram. The Indian Space Research Organisation (ISRO) has termed it a “historic moment”. It was witnessed by former President Ram Nath Kovind and ISRO chairman S Somanath, among
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Sam Bankman-Fried, co-founder and CEO of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images FTX’s ex-CEO Sam Bankman-Fried blamed his “irrational decisions” on “sh—y” circumstances in a letter obtained by CNBC that was sent to employees of the bankrupt crypto exchange. Bankman-Fried said he “froze up
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Nov 22, 2022 The PFL has a lot going on in its fourth year of operations, including Challenger Series and PFL Europe, but make no mistake: Its biggest night is still its season finals. The 2022 World Championship will take place on Friday inside Hulu Theater at Madison Square Garden in New York. Two-time lightweight
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Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty Images HELSINKI, Finland — American venture capitalist Doug Leone doesn’t think the tech wreck is going away anytime soon. The Sequoia Capital partner
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Nicola Sturgeon has vowed to find another way “for Scottish people to express their will” after judges ruled that another independence referendum cannot be held without the backing of Westminster. After the judgment this morning, the Scottish first minister said she will continue to push for independence, declaring: “We must and we will find another
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