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  31. <title>Japan Increases Interest Rates For The First Time In 17 Years</title>
  32. <link>https://besttnews.com/japan-increases-interest-rates-for-the-first-time-in-17-years/</link>
  33. <comments>https://besttnews.com/japan-increases-interest-rates-for-the-first-time-in-17-years/#respond</comments>
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  35. <pubDate>Wed, 20 Mar 2024 20:23:22 +0000</pubDate>
  36. <category><![CDATA[Blog]]></category>
  37. <category><![CDATA[Business]]></category>
  38. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  39. <guid isPermaLink="false">https://besttnews.com/?p=1079</guid>
  40.  
  41. <description><![CDATA[Japan Increases Interest Rates For The First Time In 17 Years. The Bank of Japan has hiked borrowing costs for the first time in 17 years. The Bank of Japan (BOJ) The Bank of Japan (BOJ) has initiated a significant change, raising its key interest rate from the previous -0.1% to a range of 0%-0.1%. [&#8230;]]]></description>
  42. <content:encoded><![CDATA[
  43. <p>Japan Increases Interest Rates For The First Time In 17 Years. The Bank of Japan has hiked borrowing costs for the first time in 17 years.</p>
  44.  
  45.  
  46.  
  47. <figure class="wp-block-image size-full is-resized"><img fetchpriority="high" decoding="async" width="900" height="426" src="https://besttnews.com/wp-content/uploads/2024/03/Japan-Increases-Interest-Rates-For-The-First-Time-In-17-Years.jpg" alt="Japan Increases Interest Rates For The First Time In 17 Years" class="wp-image-1080" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Japan-Increases-Interest-Rates-For-The-First-Time-In-17-Years.jpg 900w, https://besttnews.com/wp-content/uploads/2024/03/Japan-Increases-Interest-Rates-For-The-First-Time-In-17-Years-300x142.jpg 300w, https://besttnews.com/wp-content/uploads/2024/03/Japan-Increases-Interest-Rates-For-The-First-Time-In-17-Years-768x364.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
  48.  
  49.  
  50.  
  51. <p></p>
  52.  
  53.  
  54.  
  55. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#the-bank-of-japan-boj">The Bank of Japan (BOJ)</a></li><li><a href="#0-4-increase-in-gross-domestic-product-gdp">0.4% Increase in Gross Domestic Product (GDP)</a></li></ul></nav></div>
  56.  
  57.  
  58.  
  59. <h4 class="wp-block-heading" id="the-bank-of-japan-boj">The Bank of Japan (BOJ)</h4>
  60.  
  61.  
  62.  
  63. <p>The Bank of Japan (BOJ) has initiated a significant change, raising its key interest rate from the previous -0.1% to a range of 0%-0.1%. This move comes amidst a surge in wages following an uptick in consumer prices.</p>
  64.  
  65.  
  66.  
  67. <p>Back in 2016, the bank had resorted to pushing rates below zero in efforts to revitalize the country&#8217;s sluggish economy.</p>
  68.  
  69.  
  70.  
  71. <p>This rate hike marks a milestone, as there are no longer any countries maintaining negative interest rates. Negative rates imply that individuals are required to pay for depositing money in banks, a strategy employed by various nations to incentivize spending rather than saving.</p>
  72.  
  73.  
  74.  
  75. <p>Moreover, the BOJ has opted to abandon its yield curve control (YCC) policy, which involved purchasing Japanese government bonds to regulate interest rates.</p>
  76.  
  77.  
  78.  
  79. <p>In its statement announcing the decision, the BOJ asserted its commitment to maintaining government bond purchases at a similar level as before, with the possibility of increasing purchases in the event of rapid yield spikes.</p>
  80.  
  81.  
  82.  
  83. <p>Anticipation for a rate increase had been mounting, particularly since Governor Kazuo Ueda assumed office in April of the preceding year.</p>
  84.  
  85.  
  86.  
  87. <p>Recent official data revealed that despite a deceleration in the rate of price escalation, Japan&#8217;s core consumer inflation remained steady at the BOJ&#8217;s 2% target in January.</p>
  88.  
  89.  
  90.  
  91. <p>The decision to finally raise rates pivoted on major corporations in the country raising wages for employees to counter the escalating cost of living, according to Nobuko Kobayashi of consulting firm EY-Parthenon.</p>
  92.  
  93.  
  94.  
  95. <p>Earlier this month, Japan&#8217;s largest companies consented to a substantial salary increase of 5.28% – the most significant in over three decades. Wages in Japan had stagnated since the late 1990s amidst sluggish consumer price growth or even deflation.</p>
  96.  
  97.  
  98.  
  99. <p>However, the resurgence of inflation could yield both positive and negative ramifications for the economy, cautioned Ms. Kobayashi. Productivity and domestic demand stimulation are favorable outcomes, whereas externally-driven inflation stemming from factors like conflict and supply chain disruptions poses risks.</p>
  100.  
  101.  
  102.  
  103. <p>Looking ahead, the BOJ has signaled a pause on further rate hikes for now, foreseeing the persistence of accommodative financial conditions. Marcel Thieliant of Capital Economics predicts that with inflation tapering off, trade unions may advocate for smaller pay increases in forthcoming negotiations.</p>
  104.  
  105.  
  106.  
  107. <h4 class="wp-block-heading" id="0-4-increase-in-gross-domestic-product-gdp">0.4% Increase in Gross Domestic Product (GDP)</h4>
  108.  
  109.  
  110.  
  111. <p>In February, Japan&#8217;s primary stock index, the Nikkei 225, reached an unprecedented closing high, surpassing the previous record set 34 years ago. Revised data indicated a 0.4% increase in gross domestic product (GDP) in the final quarter of 2023 compared to the previous year.</p>
  112.  
  113.  
  114.  
  115. <p>During the pandemic, central banks globally slashed interest rates in attempts to mitigate the adverse effects of border closures and lockdowns. Some countries, including Switzerland and Denmark, along with the European Central Bank, even implemented negative interest rates.</p>
  116.  
  117.  
  118.  
  119. <p>However, in subsequent periods, central banks like the US Federal Reserve and the Bank of England have aggressively raised interest rates to counteract surging prices.</p>
  120. ]]></content:encoded>
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  122. <slash:comments>0</slash:comments>
  123. </item>
  124. <item>
  125. <title>Hellofresh Refutes Allegations Of Receiving Funds Following Closure Of Accounts</title>
  126. <link>https://besttnews.com/hellofresh-refutes-allegations-of-receiving-funds-following-closure-of-accounts/</link>
  127. <comments>https://besttnews.com/hellofresh-refutes-allegations-of-receiving-funds-following-closure-of-accounts/#respond</comments>
  128. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  129. <pubDate>Mon, 18 Mar 2024 18:53:06 +0000</pubDate>
  130. <category><![CDATA[Blog]]></category>
  131. <category><![CDATA[Business]]></category>
  132. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  133. <guid isPermaLink="false">https://besttnews.com/?p=1042</guid>
  134.  
  135. <description><![CDATA[Hellofresh Refutes Allegations Of Receiving Funds Following Closure Of Accounts. HelloFresh has refuted claims of charging subscriptions from customers who assert they had terminated their accounts. HelloFresh denied any glitches in reactivating accounts Claims have surfaced alleging that certain customers discovered their accounts were reactivated by HelloFresh, with funds deducted for orders they hadn&#8217;t authorized. [&#8230;]]]></description>
  136. <content:encoded><![CDATA[
  137. <p>Hellofresh Refutes Allegations Of Receiving Funds Following Closure Of Accounts. HelloFresh has refuted claims of charging subscriptions from customers who assert they had terminated their accounts.</p>
  138.  
  139.  
  140.  
  141. <figure class="wp-block-image size-full is-resized"><img decoding="async" width="850" height="602" src="https://besttnews.com/wp-content/uploads/2024/03/Hellofresh-Refutes-Allegations-Of-Receiving-Funds-Following-Closure-Of-Accounts.webp" alt="Hellofresh Refutes Allegations Of Receiving Funds Following Closure Of Accounts" class="wp-image-1043" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Hellofresh-Refutes-Allegations-Of-Receiving-Funds-Following-Closure-Of-Accounts.webp 850w, https://besttnews.com/wp-content/uploads/2024/03/Hellofresh-Refutes-Allegations-Of-Receiving-Funds-Following-Closure-Of-Accounts-300x212.webp 300w, https://besttnews.com/wp-content/uploads/2024/03/Hellofresh-Refutes-Allegations-Of-Receiving-Funds-Following-Closure-Of-Accounts-768x544.webp 768w" sizes="(max-width: 850px) 100vw, 850px" /></figure>
  142.  
  143.  
  144.  
  145. <p></p>
  146.  
  147.  
  148.  
  149. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#hello-fresh-denied-any-glitches-in-reactivating-accounts">HelloFresh denied any glitches in reactivating accounts</a></li></ul></nav></div>
  150.  
  151.  
  152.  
  153. <h4 class="wp-block-heading" id="hello-fresh-denied-any-glitches-in-reactivating-accounts">HelloFresh denied any glitches in reactivating accounts</h4>
  154.  
  155.  
  156.  
  157. <p>Claims have surfaced alleging that certain customers discovered their accounts were reactivated by HelloFresh, with funds deducted for orders they hadn&#8217;t authorized.</p>
  158.  
  159.  
  160.  
  161. <p>According to Laurence, a finance director from Bedfordshire, his wife Nina had initiated a trial period with HelloFresh in November but decided to cancel due to dissatisfaction with the service. Despite canceling the subscription three months earlier, Nina received a notification stating her account had been reactivated, a move she hadn&#8217;t made. Upon contacting HelloFresh regarding the unauthorized charge of £40 on January 31st, they refused a refund and threatened third-party debt collection if action was taken with their bank. Although canceling the subscription again, they received confirmation, yet on February 9th, another message thanked them for reactivating the account, resulting in another £40 charge, which was later refunded.</p>
  162.  
  163.  
  164.  
  165. <p>HelloFresh denied any glitches in reactivating accounts, asserting that customers must go through specific steps on the app or website to reactivate. However, Laurence disputed this claim, stating they hadn&#8217;t followed such steps.</p>
  166.  
  167.  
  168.  
  169. <p>Karen Sadler from Surrey and Sarah Purnell echoed similar experiences with HelloFresh, noting instances where accounts were reactivated without consent.</p>
  170.  
  171.  
  172.  
  173. <p>HelloFresh defended its stance, stating they only charge customers upon their conscious and proactive decision to reactivate, adding that they hadn&#8217;t observed an increase in related complaints.</p>
  174.  
  175.  
  176.  
  177. <p>Despite experiencing a surge in business during the pandemic, HelloFresh&#8217;s user numbers have declined, with shares plummeting over 40% last week amid warnings of lower-than-expected earnings.</p>
  178. ]]></content:encoded>
  179. <wfw:commentRss>https://besttnews.com/hellofresh-refutes-allegations-of-receiving-funds-following-closure-of-accounts/feed/</wfw:commentRss>
  180. <slash:comments>0</slash:comments>
  181. </item>
  182. <item>
  183. <title>Journalists Are Contributing To The Hype Surrounding Ai</title>
  184. <link>https://besttnews.com/journalists-are-contributing-to-the-hype-surrounding-ai/</link>
  185. <comments>https://besttnews.com/journalists-are-contributing-to-the-hype-surrounding-ai/#respond</comments>
  186. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  187. <pubDate>Mon, 18 Mar 2024 18:34:42 +0000</pubDate>
  188. <category><![CDATA[Blog]]></category>
  189. <category><![CDATA[Business]]></category>
  190. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  191. <guid isPermaLink="false">https://besttnews.com/?p=1039</guid>
  192.  
  193. <description><![CDATA[Journalists Are Contributing To The Hype Surrounding Ai. Reflecting on her four-year tenure covering artificial intelligence (AI), Melissa Heikkilä identifies two notable aspects, one positive and one negative. &#8220;It&#8217;s the ultimate beat… AI embodies a narrative of power, offering myriad angles to explore,&#8221; remarks the senior reporter for MIT Technology Review magazine. &#8220;And there&#8217;s no [&#8230;]]]></description>
  194. <content:encoded><![CDATA[
  195. <p>Journalists Are Contributing To The Hype Surrounding Ai. Reflecting on her four-year tenure covering artificial intelligence (AI), Melissa Heikkilä identifies two notable aspects, one positive and one negative.</p>
  196.  
  197.  
  198.  
  199. <figure class="wp-block-image size-full is-resized"><img decoding="async" width="1508" height="1044" src="https://besttnews.com/wp-content/uploads/2024/03/Journalists-Are-Contributing-To-The-Hype-Surrounding-Ai.jpg" alt="Journalists Are Contributing To The Hype Surrounding Ai" class="wp-image-1040" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Journalists-Are-Contributing-To-The-Hype-Surrounding-Ai.jpg 1508w, https://besttnews.com/wp-content/uploads/2024/03/Journalists-Are-Contributing-To-The-Hype-Surrounding-Ai-300x208.jpg 300w, https://besttnews.com/wp-content/uploads/2024/03/Journalists-Are-Contributing-To-The-Hype-Surrounding-Ai-1024x709.jpg 1024w, https://besttnews.com/wp-content/uploads/2024/03/Journalists-Are-Contributing-To-The-Hype-Surrounding-Ai-768x532.jpg 768w" sizes="(max-width: 1508px) 100vw, 1508px" /></figure>
  200.  
  201.  
  202.  
  203. <p></p>
  204.  
  205.  
  206.  
  207. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#ai-programs-are-highly-specialized">AI programs are highly specialized</a></li></ul></nav></div>
  208.  
  209.  
  210.  
  211. <h4 class="wp-block-heading"></h4>
  212.  
  213.  
  214.  
  215. <p>&#8220;It&#8217;s the ultimate beat… <strong><a href="https://besttnews.com/having-an-ai-twin-could-potentially-open-up-more-modeling-opportunities-for-me/" data-type="post" data-id="1032">AI</a> </strong>embodies a narrative of power, offering myriad angles to explore,&#8221; remarks the senior reporter for MIT Technology Review magazine. &#8220;And there&#8217;s no shortage of captivating, quirky personalities to spotlight.&#8221;</p>
  216.  
  217.  
  218.  
  219. <p>That&#8217;s the bright side. However, she notes a downside: much of the broader media&#8217;s portrayal of AI leaves much to be desired.</p>
  220.  
  221.  
  222.  
  223. <p>If we rewind to early 2022, AI was a scarcely searched term on Google, with a meager Google Trend score of just 11, indicating minimal interest. However, last year saw a dramatic surge in AI-related searches, catapulting its Google Trends score to 100. Zoe Kleinman, the BBC&#8217;s technology editor, views this increased attention positively but emphasizes the media&#8217;s responsibility to report accurately on AI.</p>
  224.  
  225.  
  226.  
  227. <p>&#8220;AI is poised to significantly impact our lives, if it hasn&#8217;t already, warranting thorough media scrutiny,&#8221; she asserts. Additionally, generative AI, which produces content like text, images, and video, is largely responsible for the recent buzz. ChatGPT is a prime example.&#8221;</p>
  228.  
  229.  
  230.  
  231. <p>Kleinman advocates for a more balanced narrative, highlighting both the positive applications of AI, such as advancements in medicine and nuclear fusion research, alongside its potential risks.</p>
  232.  
  233.  
  234.  
  235. <p>Reaktor, a Finnish tech company specializing in AI integration, echoes Kleinman&#8217;s sentiments. Its chief technology officer, Mikael Kopteff, criticizes the prevalence of sensationalized AI coverage and urges journalists to prioritize educating the public on AI&#8217;s capabilities and limitations.</p>
  236.  
  237.  
  238.  
  239. <h4 class="wp-block-heading" id="ai-programs-are-highly-specialized">AI programs are highly specialized</h4>
  240.  
  241.  
  242.  
  243. <p>&#8220;AI programs are highly specialized and far from resembling human-like intelligence,&#8221; Kopteff clarifies. He envisions improved media coverage as AI becomes commonplace, with journalists naturally becoming more knowledgeable about the subject.</p>
  244.  
  245.  
  246.  
  247. <p>However, until then, tech companies like Reaktor must play a role in educating the media about emerging AI technologies.</p>
  248.  
  249.  
  250.  
  251. <p>Emily Bell, director of the Columbia Journalism Tow Center for Digital Journalism, underscores the challenges of reporting on AI in today&#8217;s fast-paced news environment. She notes the influx of announcements about AI products, coupled with social media noise and expert critiques, amplifying the speed of the news cycle.</p>
  252.  
  253.  
  254.  
  255. <p>Felix Simon, a doctoral student at the Oxford Internet Institute, praises journalists&#8217; growing critical approach to AI reporting but emphasizes the ongoing need for vigilance against industry narratives.</p>
  256.  
  257.  
  258.  
  259. <p>David Reid, professor of AI at Liverpool Hope University, is critical of much AI coverage, describing it as &#8220;disappointing&#8221; and calling for more nuanced reporting that acknowledges AI&#8217;s multifaceted nature.</p>
  260. ]]></content:encoded>
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  262. <slash:comments>0</slash:comments>
  263. </item>
  264. <item>
  265. <title>Uber Has Reached A Settlement Of $178 Million With Taxi Drivers In Australia</title>
  266. <link>https://besttnews.com/uber-has-reached-a-settlement-of-178-million-with-taxi-drivers-in-australia/</link>
  267. <comments>https://besttnews.com/uber-has-reached-a-settlement-of-178-million-with-taxi-drivers-in-australia/#respond</comments>
  268. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  269. <pubDate>Mon, 18 Mar 2024 18:13:10 +0000</pubDate>
  270. <category><![CDATA[Blog]]></category>
  271. <category><![CDATA[Business]]></category>
  272. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  273. <guid isPermaLink="false">https://besttnews.com/?p=1035</guid>
  274.  
  275. <description><![CDATA[Uber Has Reached A Settlement Of $178 Million With Taxi Drivers In Australia. Uber has agreed to settle a lawsuit in Australia, agreeing to pay A$271.8 million ($178.3 million; £140 million), as reported by a law firm representing taxi operators and drivers. Uber Has Reached A Settlement Of $178 Million With Taxi Drivers In Australia [&#8230;]]]></description>
  276. <content:encoded><![CDATA[
  277. <p>Uber Has Reached A Settlement Of $178 Million With Taxi Drivers In Australia. Uber has agreed to settle a lawsuit in Australia, agreeing to pay A$271.8 million ($178.3 million; £140 million), as reported by a law firm representing taxi operators and drivers.</p>
  278.  
  279.  
  280.  
  281. <figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1024" height="640" src="https://besttnews.com/wp-content/uploads/2024/03/Uber-Has-Reached-A-Settlement-Of-178-Million-With-Taxi-Drivers-In-Australia-1.jpg" alt="Uber Has Reached A Settlement Of $178 Million With Taxi Drivers In Australia" class="wp-image-1037" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Uber-Has-Reached-A-Settlement-Of-178-Million-With-Taxi-Drivers-In-Australia-1.jpg 1024w, https://besttnews.com/wp-content/uploads/2024/03/Uber-Has-Reached-A-Settlement-Of-178-Million-With-Taxi-Drivers-In-Australia-1-300x188.jpg 300w, https://besttnews.com/wp-content/uploads/2024/03/Uber-Has-Reached-A-Settlement-Of-178-Million-With-Taxi-Drivers-In-Australia-1-768x480.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Warsaw, Poland  &#8211; April 30, 2019: View on Uber car (Skoda) with inscription on the street before sunset</figcaption></figure>
  282.  
  283.  
  284.  
  285. <p></p>
  286.  
  287.  
  288.  
  289. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#uber-has-reached-a-settlement-of-178-million-with-taxi-drivers-in-australia">Uber Has Reached A Settlement Of $178 Million With Taxi Drivers In Australia</a></li><li><a href="#supreme-court-of-australias-victoria-state">Supreme Court of Australia&#8217;s Victoria state</a></li></ul></nav></div>
  290.  
  291.  
  292.  
  293. <h4 class="wp-block-heading" id="uber-has-reached-a-settlement-of-178-million-with-taxi-drivers-in-australia">Uber Has Reached A Settlement Of $178 Million With Taxi Drivers In Australia</h4>
  294.  
  295.  
  296.  
  297. <p>Maurice Blackburn Lawyers initiated a class action on behalf of over 8,000 taxi and hire car proprietors and drivers, contending that they suffered financial losses due to the aggressive market incursion of the ride-hailing behemoth into Australia.</p>
  298.  
  299.  
  300.  
  301. <p>The legal battle was characterized by staunch resistance from Uber at every juncture, as emphasized by the law firm. Uber, however, asserted in a statement that since 2018, it has actively contributed to various state-level taxi compensation schemes, aiming to resolve the lingering issues.</p>
  302.  
  303.  
  304.  
  305. <p>Despite the acknowledgment of a proposed settlement, Uber refrained from disclosing its exact monetary value, citing the need for finalization and subsequent court disclosure.</p>
  306.  
  307.  
  308.  
  309. <h4 class="wp-block-heading" id="supreme-court-of-australias-victoria-state">Supreme Court of Australia&#8217;s Victoria state</h4>
  310.  
  311.  
  312.  
  313. <p>Initiated in 2019 within the Supreme Court of Australia&#8217;s Victoria state, the class action marks a significant success amid previous failed attempts against governments in Victoria, Queensland, and Western Australia, as noted by Maurice Blackburn&#8217;s principal lawyer, Michael Donelly. Donelly emphasized the tangible outcome achieved for the group members, rather than merely accepting excuses.</p>
  314.  
  315.  
  316.  
  317. <p>However, before any disbursements can occur, the court must approve the proposed settlement, ensuring it aligns with the best interests of the group members.</p>
  318.  
  319.  
  320.  
  321. <p>Headquartered in San Francisco and founded in 2009, Uber operates in over 70 countries and across more than 10,000 cities worldwide. Its global presence has often been met with resistance from taxi drivers, leading to protests in various cities.</p>
  322.  
  323.  
  324.  
  325. <p>In December 2023, Uber emerged victorious in a lawsuit filed by 2,500 taxi drivers in France, underscoring the ongoing legal battles inherent in its operational landscape.</p>
  326. ]]></content:encoded>
  327. <wfw:commentRss>https://besttnews.com/uber-has-reached-a-settlement-of-178-million-with-taxi-drivers-in-australia/feed/</wfw:commentRss>
  328. <slash:comments>0</slash:comments>
  329. </item>
  330. <item>
  331. <title>Having An Ai Twin Could Potentially Open Up More Modeling Opportunities For Me</title>
  332. <link>https://besttnews.com/having-an-ai-twin-could-potentially-open-up-more-modeling-opportunities-for-me/</link>
  333. <comments>https://besttnews.com/having-an-ai-twin-could-potentially-open-up-more-modeling-opportunities-for-me/#respond</comments>
  334. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  335. <pubDate>Mon, 11 Mar 2024 09:52:12 +0000</pubDate>
  336. <category><![CDATA[Blog]]></category>
  337. <category><![CDATA[Business]]></category>
  338. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  339. <guid isPermaLink="false">https://besttnews.com/?p=1032</guid>
  340.  
  341. <description><![CDATA[Being a model was never Alexsandrah&#8217;s true aspiration. Discovered at the age of 13 and later scouted again as a young adult, Alexsandrah initially declined two modeling opportunities before deciding to take the plunge. Now fully immersed in the industry, the London-based model is venturing into a new realm by creating a virtual, AI-generated version [&#8230;]]]></description>
  342. <content:encoded><![CDATA[
  343. <p>Being a model was never Alexsandrah&#8217;s true aspiration.</p>
  344.  
  345.  
  346.  
  347. <figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="640" height="360" src="https://besttnews.com/wp-content/uploads/2024/03/Having-An-Ai-Twin-Could-Potentially-Open-Up-More-Modeling-Opportunities-For-Me.jpg" alt="Having An Ai Twin Could Potentially Open Up More Modeling Opportunities For Me" class="wp-image-1033" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Having-An-Ai-Twin-Could-Potentially-Open-Up-More-Modeling-Opportunities-For-Me.jpg 640w, https://besttnews.com/wp-content/uploads/2024/03/Having-An-Ai-Twin-Could-Potentially-Open-Up-More-Modeling-Opportunities-For-Me-300x169.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" /></figure>
  348.  
  349.  
  350.  
  351. <p></p>
  352.  
  353.  
  354.  
  355. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#british-fashion-model">British Fashion Model</a></li></ul></nav></div>
  356.  
  357.  
  358.  
  359. <p></p>
  360.  
  361.  
  362.  
  363. <p>Discovered at the age of 13 and later scouted again as a young adult, Alexsandrah initially declined two modeling opportunities before deciding to take the plunge. Now fully immersed in the industry, the London-based model is venturing into a new realm by creating a virtual, AI-generated version of herself, aiming to secure her future in modeling.</p>
  364.  
  365.  
  366.  
  367. <p>According to Alexsandrah, having an AI version provides a sense of security, allowing her to benefit fully from the AI-generated model while retaining control over any proceeds. This innovative approach eliminates the need for extensive travel and other logistical challenges, offering flexibility for individuals to lead dual lives simultaneously.</p>
  368.  
  369.  
  370.  
  371. <p>Positioned as one of the pioneers introducing a virtual version to clients, Alexsandrah&#8217;s move aligns with a fashion industry increasingly attentive to the growth of AI. A survey by management consultancy McKinsey reveals that nearly three-quarters of fashion executives consider AI a priority for their companies in 2024, with over a quarter already implementing it in creative design and development.</p>
  372.  
  373.  
  374.  
  375. <p>Behind Alexsandrah&#8217;s virtual twin is Cameron Wilson, the founder and CEO of The Diigitals, an AI and 3D modeling agency. The company gained global recognition with the 2017 launch of Shudu, touted as the world&#8217;s first digital supermodel. Shudu, a virtual influencer, boasts a substantial Instagram following and has featured in campaigns for Balenciaga, Lexus, and Balmain, although not without controversy.</p>
  376.  
  377.  
  378.  
  379. <p>Learnings from the ethical considerations surrounding Shudu have shaped Wilson&#8217;s approach with Alexsandrah. She receives compensation for the use of her image in campaigns featuring her AI twin. The goal is to demonstrate that AI and real models can coexist, promoting fair AI use rather than fostering concerns about job displacement.</p>
  380.  
  381.  
  382.  
  383. <h4 class="wp-block-heading" id="british-fashion-model">British Fashion Model</h4>
  384.  
  385.  
  386.  
  387. <p><a href="https://besttnews.com/india-and-four-european-nations-finalize-a-free-trade-agreement-worth-100-billion/" data-type="post" data-id="1029"><strong>Industry groups</strong></a>, representing professionals such as models, makeup artists, and hairstylists, advocate for strengthened rights. Equity, representing fashion models in the UK, urges members not to compromise their rights and emphasizes fair pay and usage conditions. The British Fashion Model Agents Association calls for cautious adaptation to the rise of AI in the industry.</p>
  388.  
  389.  
  390.  
  391. <p>The controversy surrounding AI in fashion escalated when Levi&#8217;s announced using AI to generate models of diverse body types and skin tones. The move faced backlash within the modeling community, criticizing it as regressive. However, the demand for virtual models and influencers continues to grow, with major platforms like Meta introducing AI chatbots modeled on celebrities, attracting substantial payments for their likeness.</p>
  392.  
  393.  
  394.  
  395. <p>Cameron Wilson&#8217;s latest project involves collaborating with Down&#8217;s Syndrome International to create the world&#8217;s first virtual influencer with Down&#8217;s Syndrome, named Kami. With a focus on ethical considerations, Wilson aims to bring positive awareness to the space, emphasizing the potential positive impact of AI in the industry.</p>
  396. ]]></content:encoded>
  397. <wfw:commentRss>https://besttnews.com/having-an-ai-twin-could-potentially-open-up-more-modeling-opportunities-for-me/feed/</wfw:commentRss>
  398. <slash:comments>0</slash:comments>
  399. </item>
  400. <item>
  401. <title>India And Four European Nations Finalize A Free Trade Agreement Worth $100 Billion</title>
  402. <link>https://besttnews.com/india-and-four-european-nations-finalize-a-free-trade-agreement-worth-100-billion/</link>
  403. <comments>https://besttnews.com/india-and-four-european-nations-finalize-a-free-trade-agreement-worth-100-billion/#respond</comments>
  404. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  405. <pubDate>Mon, 11 Mar 2024 09:37:06 +0000</pubDate>
  406. <category><![CDATA[Blog]]></category>
  407. <category><![CDATA[Business]]></category>
  408. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  409. <guid isPermaLink="false">https://besttnews.com/?p=1029</guid>
  410.  
  411. <description><![CDATA[India has entered into a free trade agreement (FTA) with a consortium of four European nations that do not belong to the European Union. European Free Trade Association (EFTA): India And Four European Nations Finalize A Free Trade Agreement Worth $100 Billion India&#8217;s trade landscape is set for a significant transformation with the recent agreement [&#8230;]]]></description>
  412. <content:encoded><![CDATA[
  413. <p>India has entered into a free trade agreement (FTA) with a consortium of four European nations that do not belong to the European Union.</p>
  414.  
  415.  
  416.  
  417. <figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="733" height="418" src="https://besttnews.com/wp-content/uploads/2024/03/India-And-Four-European-Nations-Finalize-A-Free-Trade-Agreement-Worth-100-Billion.jpeg" alt="India And Four European Nations Finalize A Free Trade Agreement Worth $100 Billion" class="wp-image-1030" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/India-And-Four-European-Nations-Finalize-A-Free-Trade-Agreement-Worth-100-Billion.jpeg 733w, https://besttnews.com/wp-content/uploads/2024/03/India-And-Four-European-Nations-Finalize-A-Free-Trade-Agreement-Worth-100-Billion-300x171.jpeg 300w" sizes="(max-width: 733px) 100vw, 733px" /></figure>
  418.  
  419.  
  420.  
  421. <p></p>
  422.  
  423.  
  424.  
  425. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#european-free-trade-association-efta-india-and-four-european-nations-finalize-a-free-trade-agreement-worth-100-billion">European Free Trade Association (EFTA): India And Four European Nations Finalize A Free Trade Agreement Worth $100 Billion</a></li><li><a href="#investments-over-a-15-year-period">Investments Over A 15-year Period</a></li></ul></nav></div>
  426.  
  427.  
  428.  
  429. <p></p>
  430.  
  431.  
  432.  
  433. <h4 class="wp-block-heading" id="european-free-trade-association-efta-india-and-four-european-nations-finalize-a-free-trade-agreement-worth-100-billion">European Free Trade Association (EFTA): India And Four European Nations Finalize A Free Trade Agreement Worth $100 Billion</h4>
  434.  
  435.  
  436.  
  437. <p>India&#8217;s trade landscape is set for a significant transformation with the recent agreement struck with the <a href="https://besttnews.com/twin-sessions-china-declares-its-doors-are-open-for-business-should-we-trust-the-invitation/" data-type="post" data-id="1026"><strong>European Free Trade Association (EFTA)</strong></a>, comprising Norway, Switzerland, Iceland, and Liechtenstein. According to the country&#8217;s trade minister, this deal is poised to usher in investments totaling $100 billion (£77.8 billion).</p>
  438.  
  439.  
  440.  
  441. <p>The announcement comes amid ongoing negotiations between the United Kingdom and India regarding a Free Trade Agreement (FTA) spanning the last two years. Prime Minister Narendra Modi hailed the agreement with EFTA as a &#8220;landmark pact,&#8221; emphasizing its role in fostering economic progress and creating opportunities for the youth. Modi expressed optimism about future prosperity and mutual growth as the ties between India and EFTA nations strengthen.</p>
  442.  
  443.  
  444.  
  445. <h4 class="wp-block-heading" id="investments-over-a-15-year-period">Investments Over A 15-year Period</h4>
  446.  
  447.  
  448.  
  449. <p>This groundbreaking agreement culminates nearly 16 years of negotiations, signifying a significant milestone in diplomatic and economic relations. As part of the deal, India commits to lifting the majority of import tariffs on industrial goods from the EFTA nations. In return, these countries are expected to make investments over a 15-year period, spanning diverse sectors such as pharmaceuticals, machinery, and manufacturing.</p>
  450.  
  451.  
  452.  
  453. <p>The EFTA issued a statement highlighting that the agreement aims to enhance market access and simplify customs procedures, facilitating the expansion of Indian and EFTA businesses in their respective markets.</p>
  454.  
  455.  
  456.  
  457. <p>While the deal awaits ratification from India and the four EFTA nations, Switzerland has announced plans to complete this process by the coming year. The timing aligns with India&#8217;s upcoming general elections, where Prime Minister Modi seeks a record third term in office.</p>
  458.  
  459.  
  460.  
  461. <p>Over the past two years, India has been actively engaging in trade agreements, securing deals with Australia and the United Arab Emirates. Amid these developments, the UK&#8217;s trade minister, Kemi Badenoch, raised the possibility of a pre-election free trade deal between Britain and India, acknowledging the challenges ahead. However, she refrained from setting any firm deadlines tied to the election, recognizing the complexity of the negotiation process.</p>
  462. ]]></content:encoded>
  463. <wfw:commentRss>https://besttnews.com/india-and-four-european-nations-finalize-a-free-trade-agreement-worth-100-billion/feed/</wfw:commentRss>
  464. <slash:comments>0</slash:comments>
  465. </item>
  466. <item>
  467. <title>Twin Sessions: China Declares Its Doors Are Open For Business &#8211; Should We Trust The Invitation?</title>
  468. <link>https://besttnews.com/twin-sessions-china-declares-its-doors-are-open-for-business-should-we-trust-the-invitation/</link>
  469. <comments>https://besttnews.com/twin-sessions-china-declares-its-doors-are-open-for-business-should-we-trust-the-invitation/#respond</comments>
  470. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  471. <pubDate>Mon, 11 Mar 2024 09:27:50 +0000</pubDate>
  472. <category><![CDATA[Blog]]></category>
  473. <category><![CDATA[Business]]></category>
  474. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  475. <guid isPermaLink="false">https://besttnews.com/?p=1026</guid>
  476.  
  477. <description><![CDATA[As the curtain fell on China&#8217;s yearly parliamentary session following a bustling week of gatherings, a conspicuous absence marked the final agenda on Monday. National People&#8217;s Congress, Twin Sessions: China Declares Its Doors Are Open For Business &#8211; Should We Trust The Invitation? The customary conclusion of the National People&#8217;s Congress involves the premier&#8217;s press [&#8230;]]]></description>
  478. <content:encoded><![CDATA[
  479. <p>As the curtain fell on China&#8217;s yearly parliamentary session following a bustling week of gatherings, a conspicuous absence marked the final agenda on Monday.</p>
  480.  
  481.  
  482.  
  483. <figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="900" height="559" src="https://besttnews.com/wp-content/uploads/2024/03/Twin-Sessions-China-Declares-Its-Doors-Are-Open-For-Business-Should-We-Trust-The-Invitation.jpg" alt="Twin Sessions: China Declares Its Doors Are Open For Business - Should We Trust The Invitation?" class="wp-image-1027" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Twin-Sessions-China-Declares-Its-Doors-Are-Open-For-Business-Should-We-Trust-The-Invitation.jpg 900w, https://besttnews.com/wp-content/uploads/2024/03/Twin-Sessions-China-Declares-Its-Doors-Are-Open-For-Business-Should-We-Trust-The-Invitation-300x186.jpg 300w, https://besttnews.com/wp-content/uploads/2024/03/Twin-Sessions-China-Declares-Its-Doors-Are-Open-For-Business-Should-We-Trust-The-Invitation-768x477.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
  484.  
  485.  
  486.  
  487. <p></p>
  488.  
  489.  
  490.  
  491. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#national-peoples-congress-twin-sessions-china-declares-its-doors-are-open-for-business-should-we-trust-the-invitation">National People&#8217;s Congress, Twin Sessions: China Declares Its Doors Are Open For Business &#8211; Should We Trust The Invitation?</a></li><li><a href="#chinese-communist-party-ccp">Chinese Communist Party (CCP)</a></li><li><a href="#high-quality-development">High-Quality Development</a></li></ul></nav></div>
  492.  
  493.  
  494.  
  495. <p></p>
  496.  
  497.  
  498.  
  499. <h4 class="wp-block-heading" id="national-peoples-congress-twin-sessions-china-declares-its-doors-are-open-for-business-should-we-trust-the-invitation">National People&#8217;s Congress, Twin Sessions: China Declares Its Doors Are Open For Business &#8211; Should We Trust The Invitation?</h4>
  500.  
  501.  
  502.  
  503. <p>The customary conclusion of the National People&#8217;s Congress involves the premier&#8217;s press conference, a tradition abruptly omitted this year and set to continue for the remainder of the term. Officials justified the cancellation, citing alternative opportunities for journalists to pose questions. However, many observers perceive it as another manifestation of consolidation and control, contradicting the professed theme of openness during the congress.</p>
  504.  
  505.  
  506.  
  507. <p>The unprecedented cancellation of the press conference, a staple for the past 30 years, diminishes Premier Li Qiang&#8217;s prominence. Although a scripted event, it provided foreign journalists with a rare chance to engage and allowed the second-in-command to showcase his capabilities. Past conferences even yielded unexpected moments, such as Premier Li Keqiang disclosing figures in 2020 that fueled debates over the government&#8217;s claim of eradicating poverty.</p>
  508.  
  509.  
  510.  
  511. <h4 class="wp-block-heading" id="chinese-communist-party-ccp">Chinese Communist Party (CCP)</h4>
  512.  
  513.  
  514.  
  515. <p>The diminishing spotlight on the premier, coupled with a shorter congress this year, signifies ongoing structural changes within the Chinese Communist Party (CCP). President Xi Jinping&#8217;s increasing accumulation of power at the expense of others and institutions is evident, according to Alfred Wu, an associate professor at the National University of Singapore specializing in Chinese governance.</p>
  516.  
  517.  
  518.  
  519. <p>During the congress, delegates passed a law enhancing the party&#8217;s control over the State Council, China&#8217;s cabinet led by Premier Li. Despite these internal power shifts, the CCP seeks to project a different image internationally amid declining foreign investor confidence and economic challenges.</p>
  520.  
  521.  
  522.  
  523. <p>Foreign Minister Wang Yi, addressing international journalists, asserted that China remains an attractive place for investment and business, emphasizing the country&#8217;s strength as a growth engine. Premier Li&#8217;s economic blueprint for the year outlined plans to open more sectors to foreign investment and reduce market access restrictions, aiming to counteract recent declines in foreign direct investment.</p>
  524.  
  525.  
  526.  
  527. <h4 class="wp-block-heading" id="high-quality-development">High-Quality Development</h4>
  528.  
  529.  
  530.  
  531. <p>Concerns raised by recent anti-espionage and data protection laws, coupled with high-profile detentions, have spooked foreign investors, resulting in a 30-year low in foreign direct investment in China. Wang dismissed these concerns, urging against spreading pessimism about China. The emphasis on &#8220;high-quality development&#8221; and &#8220;new productive forces&#8221; reflects a shift in China&#8217;s focus toward attracting high-end foreign technology and advanced manufacturing operations.</p>
  532.  
  533.  
  534.  
  535. <p>While stability remains a top priority for the Chinese government, questions arise about its ability to maintain an open economy while increasing control. Beijing appears to reconcile these seemingly contradictory goals by emphasizing national security and asserting control over critical technologies. The government also signals continued efforts to address economic challenges, including the real estate sector and local government debts, with Premier Li promising measures to defuse financial risks.</p>
  536.  
  537.  
  538.  
  539. <p>Despite the economic downturn, China aims for approximately 5% GDP growth this year. The government&#8217;s dual focus on economic development and security needs underscores its evolving approach to engaging with the world and addressing internal challenges.</p>
  540. ]]></content:encoded>
  541. <wfw:commentRss>https://besttnews.com/twin-sessions-china-declares-its-doors-are-open-for-business-should-we-trust-the-invitation/feed/</wfw:commentRss>
  542. <slash:comments>0</slash:comments>
  543. </item>
  544. <item>
  545. <title>Bitcoin Briefly Reaches A New All-time High, Surpassing The $69,000 Mark</title>
  546. <link>https://besttnews.com/bitcoin-briefly-reaches-a-new-all-time-high-surpassing-the-69000-mark/</link>
  547. <comments>https://besttnews.com/bitcoin-briefly-reaches-a-new-all-time-high-surpassing-the-69000-mark/#respond</comments>
  548. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  549. <pubDate>Wed, 06 Mar 2024 19:06:53 +0000</pubDate>
  550. <category><![CDATA[Blog]]></category>
  551. <category><![CDATA[Business]]></category>
  552. <category><![CDATA[Bitcoin Briefly Reaches A New All-time High]]></category>
  553. <guid isPermaLink="false">https://besttnews.com/?p=1022</guid>
  554.  
  555. <description><![CDATA[Bitcoin Briefly Reaches A New All-time High. Bitcoin, the world&#8217;s largest cryptocurrency, briefly achieved a new record high, surpassing $69,000 in price. It exceeded the prior record established in November 2021, though its value had dwindled to $16,500 by 2022. The recent upswing in value has been instigated by major US financial institutions channeling billions [&#8230;]]]></description>
  556. <content:encoded><![CDATA[
  557. <p>Bitcoin Briefly Reaches A New All-time High. Bitcoin, the world&#8217;s largest cryptocurrency, briefly achieved a new record high, surpassing $69,000 in price.</p>
  558.  
  559.  
  560.  
  561. <figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="929" height="523" src="https://besttnews.com/wp-content/uploads/2024/03/Bitcoin-Briefly-Reaches-A-New-All-time-High-Surpassing-The-69000-Mark.jpeg" alt="Bitcoin Briefly Reaches A New All-time High, Surpassing The $69,000 Mark" class="wp-image-1023" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Bitcoin-Briefly-Reaches-A-New-All-time-High-Surpassing-The-69000-Mark.jpeg 929w, https://besttnews.com/wp-content/uploads/2024/03/Bitcoin-Briefly-Reaches-A-New-All-time-High-Surpassing-The-69000-Mark-300x169.jpeg 300w, https://besttnews.com/wp-content/uploads/2024/03/Bitcoin-Briefly-Reaches-A-New-All-time-High-Surpassing-The-69000-Mark-768x432.jpeg 768w" sizes="(max-width: 929px) 100vw, 929px" /></figure>
  562.  
  563.  
  564.  
  565. <p></p>
  566.  
  567.  
  568.  
  569. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#bitcoin-emerged">Bitcoin Emerged </a></li></ul></nav></div>
  570.  
  571.  
  572.  
  573. <p></p>
  574.  
  575.  
  576.  
  577. <p>It exceeded the prior record established in November 2021, though its value had dwindled to $16,500 by 2022. The recent upswing in value has been instigated by major US financial institutions channeling billions into Bitcoin acquisitions.</p>
  578.  
  579.  
  580.  
  581. <p>The cryptocurrency surged to approximately $69,200 around 15:00 GMT on Tuesday before retracing to trade at roughly $62,185 by 21:00 GMT. Over the last month, Bitcoin&#8217;s value has surged by over 50%, as indicated by data from the CoinMarketCap cryptocurrency market platform.</p>
  582.  
  583.  
  584.  
  585. <p>Professor Carol Alexander from Sussex University noted the potential for Bitcoin&#8217;s price to climb even higher but cautioned about its notorious volatility. She expressed concern that the timing of past price crashes has often left ordinary investors who bought during the bubble at a loss.</p>
  586.  
  587.  
  588.  
  589. <h4 class="wp-block-heading" id="bitcoin-emerged">Bitcoin Emerged </h4>
  590.  
  591.  
  592.  
  593. <p>This new record marks another significant chapter in Bitcoin&#8217;s tumultuous history. Invented in 2009 by an entity known as Satoshi Nakamoto, its true identity remains shrouded in mystery. Originally conceived as a means to create internet-based currency, Bitcoin emerged from an anti-establishment ethos advocating freedom from the existing power structures of financial institutions and governments.</p>
  594.  
  595.  
  596.  
  597. <p>Ironically, its current all-time high value is the result of substantial investments from established financial firms, made possible by the approval of spot Bitcoin Exchange-Traded Funds (ETFs) by US regulators in January 2024. This move allowed major investment firms like Blackrock, Fidelity, and Grayscale to sell products based on Bitcoin&#8217;s price, rapidly increasing its value.</p>
  598.  
  599.  
  600.  
  601. <p>Professor Alexander highlighted the impact of these institutional investors on Bitcoin&#8217;s price, attributing a significant upward pressure to their entry into the market. However, she also pointed out the potential influence of Bitcoin&#8217;s upcoming &#8220;halving&#8221; event in April on its value.</p>
  602.  
  603.  
  604.  
  605. <p>While many Bitcoin holders may be celebrating their newfound wealth, history suggests caution. Bitcoin&#8217;s value plummeted to 18-month lows of nearly $20,000 in June 2022 and faced further decline when the FTX cryptocurrency exchange collapsed into bankruptcy in November 2022.</p>
  606.  
  607.  
  608.  
  609. <p>El Salvador&#8217;s president, Nayib Bukele, who has openly embraced Bitcoin, invested over $100 million of his nation&#8217;s funds in acquiring almost 3,000 bitcoins. The current value of his investment is estimated to be around 60% more than the initial purchase, though specific details remain undisclosed.</p>
  610. ]]></content:encoded>
  611. <wfw:commentRss>https://besttnews.com/bitcoin-briefly-reaches-a-new-all-time-high-surpassing-the-69000-mark/feed/</wfw:commentRss>
  612. <slash:comments>0</slash:comments>
  613. </item>
  614. <item>
  615. <title>Dwayne Johnson Acquires Copyright Ownership For Multiple Phrases</title>
  616. <link>https://besttnews.com/dwayne-johnson-acquires-copyright-ownership-for-multiple-phrases/</link>
  617. <comments>https://besttnews.com/dwayne-johnson-acquires-copyright-ownership-for-multiple-phrases/#respond</comments>
  618. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  619. <pubDate>Fri, 01 Mar 2024 06:51:45 +0000</pubDate>
  620. <category><![CDATA[Blog]]></category>
  621. <category><![CDATA[Business]]></category>
  622. <category><![CDATA[Dwayne Johnson Acquires Copyright Ownership For Multiple Phrases.]]></category>
  623. <guid isPermaLink="false">https://besttnews.com/?p=1018</guid>
  624.  
  625. <description><![CDATA[Dwayne Johnson Acquires Copyright Ownership For Multiple Phrases. Dwayne Johnson, also known as The Rock, extends his ownership to over a dozen phrases. Dwayne Johnson appears to be expanding his moniker collection beyond &#8220;The Rock.&#8221; The most electrifying man in sports and entertainment In fact, Johnson has officially secured the rights to the nickname &#8220;The [&#8230;]]]></description>
  626. <content:encoded><![CDATA[
  627. <p>Dwayne Johnson Acquires Copyright Ownership For Multiple Phrases. Dwayne Johnson, also known as The Rock, extends his ownership to over a dozen phrases.</p>
  628.  
  629.  
  630.  
  631. <figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="2560" height="1680" src="http://besttnews.com/wp-content/uploads/2024/03/Dwayne-Johnson-Acquires-Copyright-Ownership-For-Multiple-Phrases-scaled.jpg" alt="Dwayne Johnson Acquires Copyright Ownership For Multiple Phrases." class="wp-image-1019" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Dwayne-Johnson-Acquires-Copyright-Ownership-For-Multiple-Phrases-scaled.jpg 2560w, https://besttnews.com/wp-content/uploads/2024/03/Dwayne-Johnson-Acquires-Copyright-Ownership-For-Multiple-Phrases-300x197.jpg 300w, https://besttnews.com/wp-content/uploads/2024/03/Dwayne-Johnson-Acquires-Copyright-Ownership-For-Multiple-Phrases-1024x672.jpg 1024w, https://besttnews.com/wp-content/uploads/2024/03/Dwayne-Johnson-Acquires-Copyright-Ownership-For-Multiple-Phrases-768x504.jpg 768w, https://besttnews.com/wp-content/uploads/2024/03/Dwayne-Johnson-Acquires-Copyright-Ownership-For-Multiple-Phrases-1536x1008.jpg 1536w, https://besttnews.com/wp-content/uploads/2024/03/Dwayne-Johnson-Acquires-Copyright-Ownership-For-Multiple-Phrases-2048x1344.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /></figure>
  632.  
  633.  
  634.  
  635. <p></p>
  636.  
  637.  
  638.  
  639. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#the-most-electrifying-man-in-sports-and-entertainment">The most electrifying man in sports and entertainment</a></li><li><a href="#if-you-smell-what-the-rock-is-cooking">If you smell what The Rock is cooking</a></li></ul></nav></div>
  640.  
  641.  
  642.  
  643. <p></p>
  644.  
  645.  
  646.  
  647. <p>Dwayne Johnson appears to be expanding his moniker collection beyond &#8220;The Rock.&#8221;</p>
  648.  
  649.  
  650.  
  651. <h4 class="wp-block-heading" id="the-most-electrifying-man-in-sports-and-entertainment">The most electrifying man in sports and entertainment</h4>
  652.  
  653.  
  654.  
  655. <p>In fact, Johnson has officially secured the rights to the nickname &#8220;The most electrifying man in sports and entertainment.&#8221;</p>
  656.  
  657.  
  658.  
  659. <p>The actor and former wrestler, whose popularity soared during his WWE career about two decades ago, has now acquired the rights to various nicknames, insults, and catchphrases that defined his wrestling era in the 90s and early 2000s.</p>
  660.  
  661.  
  662.  
  663. <h4 class="wp-block-heading" id="if-you-smell-what-the-rock-is-cooking">If you smell what The Rock is cooking</h4>
  664.  
  665.  
  666.  
  667. <p>Among the phrases now under his ownership are &#8220;Candy A*s,&#8221; &#8220;Jabroni,&#8221; and &#8220;If you smell what The Rock is cooking.&#8221;</p>
  668.  
  669.  
  670.  
  671. <p>This intellectual property ownership aligns with Johnson&#8217;s recent involvement in the board of directors of TKO Group Holdings, a company named Endeavor that oversees the merger of WWE and the UFC. This strategic move positions him as the rightful owner of the memorable names and phrases associated with his iconic wrestling persona.</p>
  672. ]]></content:encoded>
  673. <wfw:commentRss>https://besttnews.com/dwayne-johnson-acquires-copyright-ownership-for-multiple-phrases/feed/</wfw:commentRss>
  674. <slash:comments>0</slash:comments>
  675. </item>
  676. <item>
  677. <title>Nvidia, The Artificial Intelligence Chip Company, Holds A Valuation Of $2 Trillion.</title>
  678. <link>https://besttnews.com/nvidia-the-artificial-intelligence-chip-company-holds-a-valuation-of-2-trillion/</link>
  679. <comments>https://besttnews.com/nvidia-the-artificial-intelligence-chip-company-holds-a-valuation-of-2-trillion/#respond</comments>
  680. <dc:creator><![CDATA[besttnews.com]]></dc:creator>
  681. <pubDate>Fri, 01 Mar 2024 06:33:28 +0000</pubDate>
  682. <category><![CDATA[Blog]]></category>
  683. <category><![CDATA[Business]]></category>
  684. <category><![CDATA[Holds A Valuation Of $2 Trillion.]]></category>
  685. <category><![CDATA[Nvidia]]></category>
  686. <category><![CDATA[The Artificial Intelligence Chip Company]]></category>
  687. <guid isPermaLink="false">https://besttnews.com/?p=1015</guid>
  688.  
  689. <description><![CDATA[Nvidia, The Artificial Intelligence Chip Company, Holds A Valuation Of $2 Trillion. Nvidia has reached a market valuation of $2 trillion (£1.58 trillion), marking a significant milestone in the chipmaker&#8217;s swift rise among the world&#8217;s most valuable companies. 4% Rise In Friday&#8217;s Morning Trade Shares in the Silicon Valley company saw a more than 4% [&#8230;]]]></description>
  690. <content:encoded><![CDATA[
  691. <p>Nvidia, The Artificial Intelligence Chip Company, Holds A Valuation Of $2 Trillion. Nvidia has reached a market valuation of $2 trillion (£1.58 trillion), marking a significant milestone in the chipmaker&#8217;s swift rise among the world&#8217;s most valuable companies.</p>
  692.  
  693.  
  694.  
  695. <figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1600" height="900" src="https://besttnews.com/wp-content/uploads/2024/03/Nvidia-The-Artificial-Intelligence-Chip-Company-Holds-A-Valuation-Of-2-Trillion.webp" alt="Nvidia, The Artificial Intelligence Chip Company, Holds A Valuation Of $2 Trillion." class="wp-image-1016" style="width:975px;height:auto" srcset="https://besttnews.com/wp-content/uploads/2024/03/Nvidia-The-Artificial-Intelligence-Chip-Company-Holds-A-Valuation-Of-2-Trillion.webp 1600w, https://besttnews.com/wp-content/uploads/2024/03/Nvidia-The-Artificial-Intelligence-Chip-Company-Holds-A-Valuation-Of-2-Trillion-300x169.webp 300w, https://besttnews.com/wp-content/uploads/2024/03/Nvidia-The-Artificial-Intelligence-Chip-Company-Holds-A-Valuation-Of-2-Trillion-1024x576.webp 1024w, https://besttnews.com/wp-content/uploads/2024/03/Nvidia-The-Artificial-Intelligence-Chip-Company-Holds-A-Valuation-Of-2-Trillion-768x432.webp 768w, https://besttnews.com/wp-content/uploads/2024/03/Nvidia-The-Artificial-Intelligence-Chip-Company-Holds-A-Valuation-Of-2-Trillion-1536x864.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /></figure>
  696.  
  697.  
  698.  
  699. <p></p>
  700.  
  701.  
  702.  
  703. <div class="wp-block-rank-math-toc-block has-ast-global-color-4-background-color has-background has-medium-font-size" style="margin-top:var(--wp--preset--spacing--30);margin-right:0;margin-bottom:var(--wp--preset--spacing--30);margin-left:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)" id="rank-math-toc"><h4>Table of Contents</h4><nav><ul><li><a href="#4-rise-in-fridays-morning-trade">4% Rise In Friday&#8217;s Morning Trade</a></li><li><a href="#277-billion-in-its-market-value">$277 Billion In Its Market Value</a></li></ul></nav></div>
  704.  
  705.  
  706.  
  707. <p></p>
  708.  
  709.  
  710.  
  711. <h4 class="wp-block-heading" id="4-rise-in-fridays-morning-trade">4% Rise In Friday&#8217;s Morning Trade</h4>
  712.  
  713.  
  714.  
  715. <p>Shares in the Silicon Valley company saw a more than 4% rise in Friday&#8217;s morning trade, later retracing slightly. These gains follow a substantial surge prompted by the company&#8217;s stellar earnings report earlier in the week. Nvidia is capitalizing on the increasing demand for its chips driven by advancements in artificial intelligence (AI).</p>
  716.  
  717.  
  718.  
  719. <p>The firm&#8217;s turnover soared to over $60 billion last year, more than doubling its previous figures. During an investor briefing this week, CEO Jensen Huang highlighted that demand for Nvidia&#8217;s products was &#8220;surging&#8221; globally. From being valued at $1 trillion less than a year ago, Nvidia now stands as the world&#8217;s fourth most valuable publicly traded company, trailing behind Microsoft, Apple, and Saudi Aramco.</p>
  720.  
  721.  
  722.  
  723. <p>Established in 1993 with a focus on graphics processing chips, Nvidia adapted early on by incorporating features into its chips aimed at enhancing machine learning capabilities. This strategic move significantly contributed to the company&#8217;s increased market share. Nvidia is currently recognized as a crucial player in assessing the widespread adoption of AI-powered technology in the business landscape.</p>
  724.  
  725.  
  726.  
  727. <h4 class="wp-block-heading" id="277-billion-in-its-market-value">$277 Billion In Its Market Value</h4>
  728.  
  729.  
  730.  
  731. <p>Over the past 12 months, the price of the company&#8217;s shares has more than tripled, rising from below $240 per share to nearly $800 in mid-day trade on Friday. Following its earnings report on Thursday, Nvidia witnessed a staggering increase of $277 billion in its market value, marking Wall Street&#8217;s largest one-day gain in history. This impressive performance has not only bolstered Nvidia but has also contributed to a broader market rally, convincing investors that the AI boom is indeed &#8220;living up to the hype,&#8221; as noted by Derren Nathan of Hargreaves Lansdown.</p>
  732.  
  733.  
  734.  
  735. <p>The transformative impact of AI is increasingly evident across diverse industries, as Bob O&#8217;Donnell, a technology analyst based in the US, emphasized. The technology is now being utilized in automotive design, telecommunications network planning, and mainstream companies seeking novel insights into data. This broadening application marks a significant tipping point for the industry, extending beyond specialized tech companies.</p>
  736. ]]></content:encoded>
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  738. <slash:comments>0</slash:comments>
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