All posts tagged: exposure

IMF Asks El Salvador to Narrow Scope of Bitcoin Law, Limit Public Exposure

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The International Monetary Fund (IMF) has reiterated its concerns about El Salvador’s extensive engagement with Bitcoin. The topic was addressed by IMF spokesperson Julie Kozack during a press conference on Thursday. The organisation has been consistent in cautioning the country about the risks of crypto activity given the volatile nature of virtual digital assets. At present, the IMF is working with the Financial Stability Board (FSB) to draft a comprehensive framework of regulations that could govern the multiple scenarios related to crypto activities. According to Kozack, the IMF has urged El Salvador to limit people’s exposure to Bitcoin. The organisation has been asking the administration to rein in its crypto policy over the past three years, since it was declared a legal tender alongside the US dollar in El Salvador back in 2021. “What we have recommended is a narrowing of the scope of the Bitcoin law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin,” Kozack said in response to a question. After legalising the use …

Indian Men’s Basketball Team Heads to Dubai for Exposure Tour

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The Indian Senior Men’s Basketball Team is set to travel to Dubai from September 24th to 27th, 2024, for an exposure tour as they prepare for the upcoming FIBA Asia Cup 2025 Qualifiers (Window-2). These crucial home games will take place in Chennai in November 2024. During their time in Dubai, the Indian team will face three local clubs to sharpen their skills and gain valuable international experience. The exposure trip is seen as an important step in refining their gameplay before the qualifying matches. Match Schedule: – 24th September: India vs Al Sharjah Club at 7:30 PM (local time) – 26th September: India vs Al Wasl Club at 7:00 PM (local time) – 27th September: India vs Falcons at 8:00 PM (local time) Team list: The squad includes key players like Sahaj Pratap Singh Sekhon, Kanwar Gurbaz Singh Sandhu, and Princepal Singh, among others. Players: Sahaj Pratap Singh Sekhon, Kanwar Gurbaz Singh Sandhu, Vaisakh Karimbingal Manoj, Harsh Dagar, Kushal Singh, Samson Stephen Sandhu, Muin Bek Hafeez, Baladhaneswar Poiyamozhi, Arvind Kumar Muthu Krishnan, Prashant Singh …

US reports first human bird flu case with no known animal exposure | World News

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The United States has confirmed a human case of bird flu in a patient from Missouri who had no known contact with infected animals. The individual was hospitalised and has since recovered, according to the US Centers for Disease Control and Prevention (CDC). This is the 14th human case of bird flu in the US this year but notably, the first without any direct occupational exposure to infected animals, as the CDC highlighted in a statement. Previous cases in the US were linked to contact with poultry or cattle. Health officials discovered this particular case during routine flu season surveillance, and the patient, who had underlying health issues, received antiviral treatment for flu, as reported by BBC. Also read | How the H5N1 bird flu threatens the very existence of birds and mammals Despite this, the CDC reassured that the overall risk to the public remains low. Bird flu, primarily affecting birds and some animals, is rare in humans. The virus first emerged in China in the 1990s and has since spread worldwide, affecting not …

Exposure to too many flat surfaces and shot-selection issues behind India’s waning ability to manoeuvre middle-overs spin on turners | Cricket News

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Gone are the days for India when the middle overs in a 50-over game would remain monotonous. Now the team, adhering to an aggressive approach, would either dominate spinners with aggressive shots or succumb to them in conditions where the pitch is assisting turn. There is no middle ground as was evident in Sri Lanka in the recent ODI series. The pitches in the series were tailored to assist tweakers. However, the Sri Lankan batters managed the Indian spinners better than vice versa. “They had more scoring options, be it conventional sweep or the slog sweep; they could play that quite convincingly,” former India cricketer Saba Karim told The Indian Express. Sri Lanka vs India Innings Average against spin Wickets against spin Series result 2017 series 5 50.81 12 5-0 (India) 2021 series 3 30.92 14 2-1 (India) 2024 series 3 16.25 28 2-1 (Sri Lanka) India’s performance against Sri Lankan spinners in the last three tours This has not been the first time in recent years that India has struggled on such pitches. The …

Jharkhand: Fire at Bokaro Steel Plant, 23 workers hospitalised after exposure to smoke | India News

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A fire broke out at SAIL’s Bokaro Steel Plant (BSP) in Jharkhand on Saturday morning, following which 23 workers were hospitalised for exposure to smoke, officials said. The incident happened when scheduled maintenance work was underway in the mixed gas pipeline through which gas is supplied to the re-heating furnace of the hot strip mill, a statement issued by Steel Authority of India Limited (SAIL) said. The pipeline was under shut and hence, there was no gas in it, it said. “As part of the maintenance work, a compensator in the pipeline was also to be changed and during this work in the morning on 06/04/24, residual naphtha, sulphur, tar etc inside the pipeline, which are all highly inflammable, caught fire resulting in a lot of smoke which spread through the pipeline,” it said. The fire was extinguished, it added. Twenty-three people, including some contractual workers, who were working in the re-heating furnace area of the hot strip mill, came in contact with the smoke, the statement said. As a precautionary measure, they were kept …

Joe Russo wants to promote Indian cinema globally for more exposure, thanks RRR | Bollywood

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Joe Russo, along with his brother Anthony Russo, has directed several big Hollywood films including Captain America: The Winter Soldier, Avengers: Infinity War, Avengers: Endgame and The Gray Man. The filmmaker was attending the Sands International Film Festival in Scotland where he spoke about his upcoming series Citadel with Priyanka Chopra and Richard Madden as well as other future projects. He spoke about backing other industries around the world, including Bollywood, to give them a wider reach. He singled out SS Rajamouli’s RRR for getting the movie fans excited by its storytelling around the world. It won the Oscar for Best Original Song for the Telugu hit Naatu Naatu. (Also read: Russo Brothers say honoured to meet ‘great SS Rajamouli’, he responds: ‘Looking forward to learn a bit of your craft’) Director Joe Russo’s next project Citadel will also feature an Indian version. (IANS) Prime Video’s Citadel is going to be adapted for Italian and Indian audiences as well. The Indian version of Citadel will be helmed by filmmaking duo, Raj and DK, with Varun …

Uunchai actor Pranav Sachdev: I was the guy who used to do everything for exposure and money | Bollywood

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Pranav Sachdev has been part of the entertainment industry for last 15 years and has explored all mediums – from theatre to OTT, but it was last year’s release Uunchai that brought him much-waited fame. The actor looks back and shares how before the film happened, he would take up anything and everything that would come his way. “I was the guy who used to do everything that was offered to me, for the exposure and money. There are certain projects that you know won’t do wonders for you or do not have very valuable stories. But you feel that you will make money and hence you take it up. That happened a lot with me in the past,” says Sachdev. However, with Uunchai, the actor says he has gotten the confidence to do only the stuff that he really feel for. “Half-heartedness does not lead to majesty and that realization has come after I saw myself on the big screen and felt that now is the time when I take that leap and become …

‘Stage’ Founders Can’t Stop Praising The Show, “The Exposure That They Can Give Is Unmatchable”

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‘Shark Tank India’: Vinay Hopes For Funds For His Regional Contents’ OTT Platform(Photo Credit –Still From Shark Tank India S2) Entrepreneur and ‘Shark Tank India’ contestant Vinay Kumar Singhal, who recently appeared on the business-based reality show to pitch a business idea of the OTT platform established by him in collaboration with Shashank Vaishnav and Parveen Singhal. It is a digital platform for regional contents with currently more than thousand artists from Haryana. He said: “It was Shashank among us who applied for ‘Shark Tank India 2′. We didn’t really take it seriously in the beginning as we thought we have passed the stage at which sharks usually invest and so it won’t be relevant. As we went through the process, the interest started to grow and it became clear that it is not just about getting the funding, but the exposure that the show can give is just unmatchable.” Vinay said that they have asked for 3 crore for one per cent equity from the sharks and hope to get the funding from the …

SEC asks companies to disclose exposure to struggling crypto firms

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The Securities and Exchange Commission (SEC) is asking publicly-traded companies to tell investors about their involvement with struggling cryptocurrency firms (via CNBC). In a notice posted on Thursday, the SEC says companies may have an obligation under federal law to disclose whether their operations or finances have been impacted by the turbulence that’s rocking the crypto market. The SEC’s Division of Corporation Finance — the branch that ensures companies disclose necessary information to investors — issued the guidance, which is supposed to help companies prepare disclosure documents. It doesn’t formally introduce new disclosure requirements, but the set of recommendations is a sign that the regulator’s keeping a closer eye on crypto. As noted in the sample letter, the SEC says companies should discuss whether they’ve been exposed to crypto firms that have filed for bankruptcy, suspended withdrawals, or experienced an excessive amount of withdrawals. It also asks companies to outline the steps they’re taking to secure customers’ crypto assets, as well as whether the disruption in the crypto market has caused them “reputational harm.” The …

BlockFi Files for Bankruptcy in the US, Cites Exposure to FTX Amid Crypto Meltdown

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Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest industry casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes as crypto prices have plummeted. The price of bitcoin, the most popular digital currency by far, is down more than 70 percent from a 2021 peak. “BlockFi’s Chapter 11 restructuring underscores significant asset contagion risks associated with the crypto ecosystem,” said Monsur Hussain, senior director at Fitch Ratings. New Jersey-based BlockFi, founded by fintech executive-turned-crypto entrepreneur Zac Prince, said in a bankruptcy filing that its substantial exposure to FTX created a liquidity crisis. FTX, founded by Sam Bankman-Fried, filed for protection in the United States this month after traders pulled $6 billion (roughly Rs. 49,020) from the platform in three days and rival exchange Binance abandoned a rescue deal. “Although the debtors’ exposure to FTX is a major cause of this bankruptcy filing, the debtors do not face the myriad issues …