German state minister resigns due to controversial firearms purchase
The interior minister of Germany's state of Mecklenburg-Vorpommern, Lorenz Caffier, resigned on Tuesday, after it came to light he bought a firearm from a right-wing extremist three years ago."I bought a firearm from someone whom I should not have bought it from, in hindsight. Although it was not the purchase that was a mistake, but how I handled it. I apologize for that," Caffier said in a statement.His resignation is to go into effect by the end of Tuesday, he said.According to Caffier, reliable evidence of the arms dealer's right-wing affiliations only came to light in 2019 - after the 2018...
Steve Cohen's purchase of the Mets could close Friday: source
The Mets’ financial clout could drastically change as soon as this weekend.Those involved with Steve Cohen’s purchase of the Mets hope the deal will officially close Friday, according to a person familiar with the situation.If not, the sale will be finalized by early next week.Cohen confirmed the Daily News’ reporting through a tweet to a Mets fan on his Twitter account, with a teaser on when he might be in front of a camera speaking as the Mets owner for the first time.“I’m aiming for next Tues,” Cohen said on when to expect an introductory press conference, “if we can close the purchase tomo...
New York Daily News
HIVE Blockchain Increases Bitcoin Mining Production Immediately with the Purchase of 1,240 Next Generation Miners While Upgrading its GPU Chips to Mine Ethereum in the Cloud
Vancouver, Canada - November 6, 2020 (Investorideas.com Newswire) HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE: HBF) (the “Company” or “HIVE”) is excited to announce the purchase and immediate hashing of 1,240 MicroBT WhatsMiner M30S miners with an aggregate operating hash power of 113 Petahash per second (PH/s) as it continues to expand its bitcoin mining operations.The cost for these M30S miners was approximately US$2,715 per unit, or US$3.4 million, financed through the Company's cash.New Bitcoin MinersWith the addition of these 1,240 MicroBT WhatsMiner M30S miners, HIV...
Sony confirm PlayStation 5 won’t be available for in-store purchase on launch day
Sony confirm PlayStation 5 won’t be available for in-store purchase on launch day.The company has confirmed that there will be no stock of the upcoming console for consumers to pick up in-store on the day of its release.The company shared a tweet announcing the news on the official PlayStation Twitter, writing: “Update: All PS5 console sales on launch day, November 12 or November 19 depending on your region, will be online-only. No units will be available in-store for purchase.”The tweet also linked to a blog post from Sony's Senior Director, SIE Content Communications, Sid Shuman, where he re...
Saudi refuses to link purchase of F-35 fighter jets with Israel peace deal
Saudi Crown Prince Mohammed Bin Salman has refused to make any political concessions including the signing of a formal normalisation agreement with Israel in return for the kingdom obtaining F-35 fighter jets from the US, informed sources have said.The sources explained that Bin Salman stressed that if Saudi Arabia decided to submit an official request to purchase F-35 fighter jets, it would do so with full transparency and without striking deals behind closed doors.He added that the kingdom is ready to acquire the American fighters in the same way it had acquired the Airborne Warning and Cont...
The Middle East Monitor
Oyo Govt approves purchase of 106 mass transit buses for N9.3bn
Oyo State Government has approved the purchase of 106 brand new buses for the mass transit scheme in the state, while also approving the construction of two link roads around Akobo and junction improvement contracts in the Challenge area of Ibadan.The purchase of the buses is put at the cost of N9.3 Billion. Briefing newsmen on the outcome of the state’s Executive Council meeting, on Wednesday ,Oyo State Commissioner for Information, Wasiu Olatubosun; his Budget and Planning counterpart, Barrister Adeniyi Farinto; and the Commissioner for Youth and Sports, Seun Fakorede, said that the approval...
Embedded Finance – Meet the Future of Fintech
It may seem natural now, but 10 years ago, paying for an online purchase with a couple of clicks or taps on your phone was something out of a sci-fi movie. Yet, here we are, using our phones to pay for our rides home, buying things while watching a TV show, and even splitting our bills with mobile apps. That’s all possible thanks to the huge tech revolution in the finance industry and the irruption of fintech.Q3 2020 hedge fund letters, conferences and moreSuch a significant process wasn’t born out of the mere adoption of new technologies by finance companies. The rise of fintech also coincide...
COA flags NTC’s ‘excessive’ purchase of 44 smartphones
COA flags NTC’s ‘excessive’ purchase of 44 smartphonesXave Gregorio(Philstar.com) – October 14, 2020 – 2:52pmMANILA, Philippines — State auditors flagged the purchase of 44 smartphones by the National Telecommunications Commission (NTC) totalling P2.1 million in 2018 and 2019 for being “excessive” as only four of them were being used for their intended purpose.Of the 15 Samsung Galaxy S9 phones and the 29 Samsung Galaxy S10 phones bought by the NTC’s headquarters and Metro Manila office, the Commission on Audit (COA) found that only four phones were being used by engineers to measure broadband...
COPE discovers losses of Rs. 1.1 b due to ad hoc purchase of coal by Lanka Coal Company | Daily FT
Senior officials of Lanka Coal appear before COPE Company has purchased coal under short-term method without following proper procurement process Officials said they expected to take the advantage of the fluctuations in market prices in making short-term purchasesThe country has suffered losses to the tune of Rs. 1.1 billion as a result of not specifying the quantity of coal required when calling for tenders for the purchase of coal by Lanka Coal Company Ltd., a probe by Parliamentary Oversight Committee – the Committee on Public Enterprises (COPE) found yesterday.Lanka Ceylon Coal Company had...
Daily Financial Times
Why Food Prices Are Rising – FG
The National Food Security Council has attributed the bulk purchase of food commodities for COVID-19 palliatives as one of the factors responsible for the higher costs in the country.Jigawa State Governor Abubakar Badaru, who represents the northwest in the council, spoke on Tuesday while fielding questions from State House reporters after a meeting at the State House, Abuja.Food prices crash in SaminakaFloods in Kebbi, Jigawa, others threaten food security, says NEMABadaru said the Coalition Against COVID-19, the federal and state governments were all involved in the bulk purchase of food ite...