Daily Archives: July 23, 2024

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Binance CEO on Ethereum ETFs Launch

Commentary on Ethereum ETFs by Richard Teng, CEO of Binance 

The launch of ETH spot ETF trading in the US marks yet another significant milestone for Ethereum and the broader digital asset market. This development builds on the positive momentum we have witnessed in the digital asset market this year, further solidifying the legitimacy and accessibility of cryptocurrencies.

Much like the US Bitcoin ETFs that launched in January, this first wave of US Ethereum ETFs will provide more avenues to a broader range of investors to access the asset. The introduction of these ETFs addresses key concerns around legitimacy, regulatory compliance, security, and accessibility, making Ethereum a more attractive investment option.

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Travel & Tourism

Turkish Airlines Showcases its New Luxurious Crystal Business Class Suite

Turkish Airlines, the airline that flies to more countries than any other, has revealed the details of its brand-new state-of-the-art Business Class suite at the Farnborough International Airshow 2024 in Hampshire, UK.

The new Crystal Business Class suite marks a new era for luxury air travel for business passengers and is the first from Turkish Airlines to feature an adjustable suite door and privacy panel for enhanced in-flight privacy. New seats feature a generous 23-inch seat width boasting increased footwell space with direct aisle access for all guestswith every window suite possessingfull visibility.In line with company’s“Flow” brand identity,new suites feature lighter and warmer colors, marble-style table and rose gold finishes.

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Business & Investments

Mr. Ashok P. Hinduja comments on the Indian Budget

“The budget shows Modi 3.0 is all about continuing the path to Fiscal Consolidation with the Fiscal Deficit target of 4.9% this year and 4.5% the next while maintaining the Capex figure at 3.6%. The focus on the agri sector and housing infrastructure – affordable and urban – is substantive and augurs well. Quite a few changes in taxation have been announced which needs a detailed study. Higher FDI is expected with a reduction in tax on Foreign Companies from 40 to 35%. Overall, a good budget for the macroIndian Investment Climate but could have been better for Indian Investors”

 A.P. Hinduja, Chairman, Hinduja Group of Companies (India).

Business & Investments

BLACK+DECKER®️ opens its first brand store in the world in Dubai                                                                                                                                

‘BLACK+DECKER®️ opens its first brand store in the world in Dubai, embarks on aggressive omnichannel growth plan’, 

The strategic move marks the brand’s aggressive omnichannel growth plan

Dubai – July 23, 2024:The world’s first BLACK+DECKER ®️brand store is now open at Al Ghurair Center, Dubai. This strategic move marks a significant milestone in BLACK+DECKER ®️ambitious expansion strategy and aligns with its vision to elevate retail footprint, getting closer to consumers and double its revenue growth.

Rahul Chandra

Director, Consumer – BLACK+DECKER ®️ Middle East East

Parmesh Venkateswaran

General Manager – Middle East & Africa, Stanley Black & Decker, INC

Mustafa Riaz

Owner of Al Wifaq

This also marks the first home appliance brand to have a brand store in the region. At a time when the shopping experience is becoming increasingly impersonal, this store aims at bringing back a human touch and an enjoyable shopping experience.

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Business & Investments

Finastra partners with CredAble to deliver a holistic supplychain finance offering to banks globally

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Finastra Trade Innovation, integrated with CredAble’ s supply chain finance platform, enables banks to grow their trade and supply chain finance business and deliver enhanced customer experiences

Dubai, UAE – July 23, 2024 – Finastra, a global provider of financial software applications and marketplaces, today announcedits partnership with CredAble, a working capital finance platform, toexpand the functionality of Finastra Trade Innovation. CredAble’sfeature-richplatformis now integrated with the solution, providing new and existing customers with a comprehensivesupply chain finance offering.As a result, banks can acceleratetheir revenue growth,expand their business and increase customer satisfaction by offeringcorporates a wider range of financial services within a single platform.

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