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(Reuters) – Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday. Bitcoin, the world’s largest cryptocurrency, is created by a process called “proof of work” that requires computers to “mine” the …

FTX’s billionaire chief says bitcoin has no future as a payments network- FT Read More »

CAIRO (Reuters) – Any agreements by Egypt’s government to purchase Indian wheat will not be affected by an export ban announced by New Delhi, Egypt’s supply minister said on Sunday. “For India, we are talking with them on the basis of a government agreement. The ban exempts governments including the government of Egypt,” minister Ali …

Egypt says government purchases exempted from India’s wheat exports ban Read More »

By Sarah El Safty CAIRO (Reuters) -Egypt’s government has agreed to buy half a million tonnes of wheat from India, Egyptian Supply Minister Aly Moselhy told Reuters on Sunday. Egypt, one of the world’s biggest wheat importers, is looking for alternatives to Black Sea grain exports which face disruptions caused by Russia’s invasion of Ukraine, …

Exclusive-Egypt to buy 500,000 tonnes of wheat from India -supply minister Read More »

By Nigam Prusty New Delhi (Reuters) – Indian government officials, speaking just hours after the country banned wheat exports, said there was no dramatic fall in wheat output this year but unregulated exports had led to a rise in local prices. “We don’t want wheat trade to happen in an unregulated manner or hoarding to …

India says ban on wheat exports is to check unregulated trade Read More »

By Scott Murdoch and Nupur Anand MUMBAI (Reuters) -India’s Life Insurance Corp (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday. The state-owned insurance behemoth is likely to be listed on stock exchanges on May 17. LIC …

LIC prices IPO at top end of indicated range – source Read More »