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July 28, 2024, 9:39

🇺🇸 Sen. Cynthia Lummis announces bill for US Treasury to buy 1 million bitcoin worth $68 billion: Bitcoin 2024

Senator Cynthia Lummis, of Wyoming, will introduce a bill to direct the U.S. Treasury to purchase 1 million bitcoins — worth about $68 billion at current prices — over a period of five years next week, she said in an interview with The Block. The move is made to counter the effects of dollar debasement, she said. “Bitcoin is a great store of value. Over the last four years or so it has increased about 55% per year. During the same period, the U.S. dollar has declined in value and we’ve seen increasing inflation,” Sen Lummis said.

Source

https://t.me/Bitcoin_Crypto_Signals

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Tupperware Brands has filed for bankruptcy following a years-long struggle with sales declines and growing competition. Read more: https://bloom.bg/4d6oXSR

📷: Justin Sullivan/Getty Images

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War and money: Gold-rich Sudan discussed boosting cooperation in the mining sector with Russia, as Moscow strengthens ties with the North African nation’s military-led government amid a 17-month civil war. https://bloom.bg/3XKJ5pc

Water threat: Floods in Africa are displacing millions of people from Guinea on the west coast to the Central African Republic more than 2,000 miles to the east, prompting warnings of dam bursts and disease. https://bloom.bg/4e4iKs3

Growth quickens: Ghana’s economy expanded at its fastest pace in five years in the second quarter, outstripping economists’ estimates after better performances in its three largest sectors. https://bloom.bg/3zbvwWE

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

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Donald Trump is safe after his Secret Service detail opened fire at a man who was wielding an assault rifle at his West Palm Beach, Florida, golf course Sunday in what the FBI called an apparent assassination attempt. A suspect in custody was identified by federal officials as Ryan Routh, 58.

Read more: https://bloom.bg/47rOCEo

📷: Chandan Khanna/AFP/Getty Images

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Huge diamond: Lucara has recovered another mammoth diamond from a mine in Botswana, the second major find for the Canadian company in a month. Read more: https://bloom.bg/3XIOE7H

Climate impact: Severe floods in Nigeria have affected more than 610,000 people, leaving at least 201 dead with more heavy rains expected in the region this week. Read more: https://bloom.bg/3B2ym0G

Visa dilemma: South Africa’s plan to attract more professionals to its skills-starved economy through a so-called nomad visa for remote workers has been slowed by the need to amend tax regulations. Read more: https://bloom.bg/4gkD6ip

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

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Crisis deepens: Floods across 14 central and West African nations have affected at least 4 million people — rendering many of them homeless — killed about 1,000 and are devastating crops in a region that’s already short of food and plagued by insecurity. https://bloom.bg/4eqkaNd

Rare culling: Zimbabwe will proceed with its first elephant cull in decades after the southern African nation suffered a severe drought, with plans to target around 200 from its herds of over 100,000. https://bloom.bg/3TUSwQT

Rates turn: The tide is turning on interest rates in Africa's largest economies. Central banks in South Africa and Nigeria are set to change course on rates for the first time in years — and at least five others are poised to follow. https://bloom.bg/4einWsc

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

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At Asia's largest annual oil conference, industry bigwigs gathered in Singapore to sip cocktails and influence the future of energy. Find out what went down in this week's free Singapore Edition newsletter: https://bloom.bg/4e88K16

📸: Serene Cheong/Bloomberg

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Veteran minister: Pravin Gordhan, the anti-apartheid activist and two-time South African finance minister who won plaudits for standing up to Jacob Zuma during his scandal-marred presidency, has died. He was 75. https://bloom.bg/3Zkdufr

Naira slump: Nigeria’s currency, which has endured a volatile week, fell to a record low after dollar liquidity in the domestic foreign-exchange market shrank by nearly half. https://bloom.bg/3XH1e7h

Power for miners: Zambia’s biggest mines are turning to a surprising power source as the copper-producing nation battles an unprecedented energy crisis: South African electricity company Eskom, which until March faced its own severe deficit. https://bloom.bg/3MKcv0o

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

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China will raise the retirement age for the first time since 1978, Xinhua news agency reports. Here's why: https://bloom.bg/4ghfJ9r

📸: Qilai Shen/Bloomberg

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Boeing factory workers are poised to walk off the job for the first time in 16 years after members of its largest union rejected a contract offer and voted to strike: https://bloom.bg/3B4ECFa

📸: M. Scott Brauer/Bloomberg

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