money

Warren Buffett’s Talk With Shareholders: Cash Nears $200 Billion While Still High On Apple

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Warren Buffett’s Talk With Shareholders: Cash Nears $200 Billion While Still High On Apple

– Berkshire Hathaway’s cash pile is projected to exceed 0 billion this year.
– Despite selling off a significant portion of its shares in Apple, Berkshire still views Apple stock favorably.
– Buffett believes selling Apple stock now could help Berkshire pay larger tax rates in the future.
– Buffett expressed concerns about advancements in artificial intelligence and its potential for harm.
– Berkshire is not anticipating making many significant investments outside the U.S., except in Canada.
– Buffett teased his eventual succession and named Greg Abel as his eventual successor.
– Berkshire reported profits of .7 billion in the first quarter of this year, with operating earnings rising 39%.
– Berkshire’s annual shareholders meeting this year was the first without Charlie Munger, who passed away last year.

Pierre Poilievre: Memo to corporate Canada – fire your lobbyist. Ignore politicians. Go to the people

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Pierre Poilievre: Memo to corporate Canada - fire your lobbyist. Ignore politicians. Go to the people

The text discusses how business leaders are getting closer to high-tax, anti-resource Liberals.

American opinion: Biden tax plan would pummel average Americans

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American opinion: Biden tax plan would pummel average Americans

The Biden tax plan includes increasing the U.S. corporate tax rate by one-third to 28 percent and proposing a 40 percent leap in the corporate alternative minimum tax.

Moneyval praises Cyprus progress on AML, crypto regulation

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Moneyval praises Cyprus progress on AML, crypto regulation

Cyprus has improved its measures for tackling money laundering and combating financing of terrorism, according to the latest Moneyval report. The Securities and Exchange Commission (CySEC) sees this as a ‘vote of confidence’ in financial regulation, especially for cryptos. The report found Cyprus to have improved its compliance with the Financial Action Task Force’s Recommendations, particularly in relation to Crypto-Asset Services Providers. Moneyval also noted progress towards improving compliance with non-profit organizations. Cyprus has made progress in addressing technical compliance shortcomings and is expected to report back to Moneyval in May 2025 on further progress. The country has achieved compliance or large compliance on 37 out of the 40 FATF Recommendations. CySEC has implemented significant measures to assess and reduce risks in the field of crypto-assets and improve compliance among providers. The publication of the report follows legislative changes to align AML/CFT laws with Moneyval and FATF standards.

The cancer-stricken winner of the $1.3 billion Powerball jackpot in Oregon will get a $422 million lump-sum after taxes and says he’ll keep playing the lottery

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The cancer-stricken winner of the $1.3 billion Powerball jackpot in Oregon will get a $422 million lump-sum after taxes and says he'll keep playing the lottery

The cancer-stricken winner of the .3 billion Powerball jackpot in Oregon will receive a 2 million lump-sum after taxes and plans to continue playing the lottery.

CySEC welcomes report on money laundering progress

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CySEC welcomes report on money laundering progress

The Cyprus Securities and Exchange Commission (CySEC) welcomed the findings of a Moneyval report regarding progress made in addressing money laundering and terrorism financing. Moneyval is the Council of Europe’s committee of experts on evaluating anti-money laundering measures and the financing of terrorism. The report recognized Cyprus’s improved compliance with the Financial Action Task Force’s (FATF) regulations on new technologies and noted progress in enhancing compliance with non-profit organizations. Since November 2022, Cyprus has bolstered its regime for virtual asset service providers, with only a few minor deficiencies remaining, according to the report.

Monks called to appear before investigative committee

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Monks called to appear before investigative committee

Two embroiled monks have been called to appear before the church investigative committee in relation to a monastery scandal.

Four remanded in Limassol for suspected drug trafficking

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Four remanded in Limassol for suspected drug trafficking

Four people in Limassol were remanded for seven days on suspicion of drug trafficking. The suspects included three men aged 21, 19, and 22, as well as a 20-year-old woman.

When appearances can be deceiving

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When appearances can be deceiving

The Republic of Cyprus received positive feedback for its efforts to combat money laundering, aligning with recommendations from the Council of Europe’s Moneyval Committee. However, experts point out that the country still struggles to effectively address money laundering, with a lack of convictions for white-collar crimes. A recent incident involving a Ukrainian woman bringing in millions of euros highlights the system’s weaknesses. Despite progress, Cyprus faces significant challenges in tackling money laundering.

Institutions view Bitcoin as , ‘non-debt money’, investor sets bullish goals for Ethereum & Celestia rival

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Institutions view Bitcoin as , ‘non-debt money’, investor sets bullish goals for Ethereum & Celestia rival

– Borroe Finance ($ROE) is a new DeFi project that has gained market traction, particularly among Web3 Technologies users.
– Borroe Finance allows individuals to generate finances by selling their future profits for instant cash.
– Celestia is a blockchain network that focuses on creating and utilizing blockchains in a flexible and efficient manner.
– Despite Celestia’s advantages, it cannot compete with Borroe Finance, which is an AI-based fundraising marketplace built on Polygon.
– Institutional investors view Bitcoin as a way to hedge against economic downturns and as ‘non-debt money.’
– Armando Pantoja, a cryptocurrency investor, has bullish price projections for Ethereum and other altcoins in the coming months.