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Crypto Rules To Make Europe A Global Leader As Prices Plunge

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Europe is taking the lead in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny.

European Union negotiators hammered out the final details for a provisional agreement late Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations, known as Markets in Crypto Assets, or MiCA.

“In the Wild West of the crypto-world, MiCA will be a global standard setter,” the lead EU lawmaker negotiating the rules, Stefan Berger, said in a news release. The EU’s crypto rules “will ensure a harmonized market, provide legal certainty for crypto-asset issuers, guarantee a level playing field for service providers and ensure high standards for consumer protection.”

Like the EU’s trendsetting data privacy policy, which became the de facto global standard, and its recent landmark law targeting harmful content on digital platforms, the crypto regulations are expected to be highly influential worldwide.

The EU rules are “really the first comprehensive piece of crypto regulation in the world,” said Patrick Hansen, crypto venture adviser at Presight Capital, a venture capital fund.

“I think there will be a lot of jurisdictions that will look closely into how the EU has dealt with it since the EU is first here,” Hansen said.

He expected authorities in other places, especially smaller countries that don’t have the resources to draw up their own rules from scratch, to adopt ones similar to the EU’s, though “they might change a few details.”

Under the Markets in Crypto Assets regulations, exchanges, brokers and other crypto companies face strict rules aimed at protecting consumers.

Companies issuing or trading crypto assets such as stablecoins — which are usually tied to the dollar or a commodity like gold that make them less volatile than normal cryptocurrencies — face tough transparency requirements requiring them to provide detailed information on the risks, costs and charges that consumers face.

The rules will help novice crypto investors avoid falling victim to frauds and scams that regulators have warned are widespread in the industry.

Dialogue With Suu Kyi ‘Not Impossible’ Says Myanmar Junta

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Dialogue between Myanmar’s junta and ousted leader Aung San Suu Kyi to end the bloody crisis unleashed by the toppling of her government last year is unlikely from happening.

The Southeast Asian nation has been in chaos since the putsch, with renewed fighting with ethnic rebel groups, dozens of “People’s Defence Forces” springing up to fight the junta and the economy in tatters.

Aged 77, Suu Kyi, has been kept virtually incommunicado by the military and was recently transferred from house arrest to solitary confinement while she faces multiple trials that could see her sentenced to more than 150 years in jail.

Diplomatic efforts led by the Association of Southeast Asian Nations (ASEAN), of which Myanmar is a member have so far failed to halt the bloodshed. Last year, the bloc agreed on a five-point consensus, which calls for a cessation of violence and constructive dialogue, but the junta has largely ignored it.

ASEAN envoy and Cambodian Foreign Minister Prak Sokhonn arrived in Myanmar on Wednesday for his second visit aimed at kickstarting dialogue between the junta and opponents to its rule.

He met with junta chief Min Aung Hlaing on Thursday and on Friday met with members of several political parties in the military-built capital Naypyidaw, a junta spokesman said.

The junta has said he will not be allowed to visit Suu Kyi.

Fighting continues across swathes of the country, with local media reporting killing and burning sprees by junta troops as they struggle to crush opposition to the coup.

The United Nations in May said almost 700,000 people have been forced to flee their homes since the putsch,.

Nigeria, UK Sign Migration Deal To Deport Illegal Immigrants

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Nigeria has signed a deportation agreement with the United Kingdom, which will see the deportation of illegal Nigerian immigrants and criminals.

On Thursday, Home Secretary Priti Patel described the memorandum of understanding as a “landmark agreement”. The first batch of deportees had left the UK for Nigeria and Ghana according to Forbes.

Thirteen Nigerians were removed to Lagos on a June 30 flight, and Eight Ghanaians- three criminals and five immigration offenders. The deported criminals had been handed combined prison sentences of more than 64 years.

According to a U.K. government minister, over 10,000 people had been deported from the U.K. between January 2019 and May 2022.

Talks of deportation and migration from the UK have been frequent after the Home Office announced plans to send asylum seekers to Rwanda in April.

The Rwanda plan would have seen asylum seekers who crossed the Channel to the UK on a flight to Rwanda to claim asylum there instead but the plans have been stalled by the European Court of Human Rights intervention.

New Decree: Russia Seizes Control Of Partly Foreign-Owned Energy Project

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Russian President Vladimir Putin has handed full control over a major oil and natural gas project partly owned by Shell and two Japanese companies to a newly created Russian firm, a bold move amid spiraling tensions with the West over Moscow’s military action in Ukraine.

Putin’s decree late Thursday orders the creation of a new company that would take over ownership of Sakhalin Energy Investment Co., which is nearly 50% controlled by British energy giant Shell and Japan-based Mitsui and Mitsubishi.

Putin’s order named “threats to Russia’s national interests and its economic security” as the reason for the move at Sakhalin-2, one of the world’s largest export-oriented oil and natural gas projects.

The presidential order gives the foreign firms a month to decide if they want to retain the same shares in the new company.

Russian state-controlled natural gas giant Gazprom had a controlling stake in Sakhalin-2, the country’s first offshore gas project that accounts for about 4% of the world’s market for liquefied natural gas, or LNG. Japan, South Korea and China are the main customers for the project’s oil and LNG exports.

Kremlin spokesman Dmitry Peskov said Friday that there is no reason to expect a shutdown of supplies following Putin’s order.

Shell held a 27.5% stake in the project. After the start of the Russian military action in Ukraine, Shell announced its decision to pull out of all of its Russian investments, a move that it said has cost at least $5 billion. The company also holds 50% stakes in two other joint ventures with Gazprom to develop oil fields.

Shell said Friday that it’s studying Putin’s order, which has thrown its investment in the joint venture into doubt.

“As a shareholder, Shell has always acted in the best interests of Sakhalin-2 and in accordance with all applicable legal requirements,” the company said in a statement. “We are aware of the decree and are assessing its implications.”

Seiji Kihara, deputy chief secretary of the Japanese cabinet, said the government was aware of Putin’s decree and was reviewing its impact. Japan-based Mitsui owns 12.5% of the project, and Mitsubishi holds 10%.

Thousands Rally In Sudan Day After 9 Killed During Protests

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Thousands took to the streets Friday in Sudan’s capital, a day after nine people were killed in demonstrations against the country’s ruling generals.

The United States and others in the international community condemned the violence in this East African nation, which has been rocked by near-weekly protests since an Oct. 25 coup upended its fragile transition to democracy.

The rallies on Thursdays were the largest seen in months and Sudanese military authorities have met the protests with a deadly crackdown, which has so far killed 113 people, including 18 children.

In and near Khartoum, large funeral marches took place for some of those killed the day before, while others gathered after Friday prayers at mosques in the country’s capital. Online, photographs of the dead were posted, in some cases in an effort to identify them.

The Sudan’s Doctors Committee, a medical group that monitors casualties from demonstrations, said security forces shot and killed nine people, including a child, in or near Khartoum during the rallies on Thursday.

The demonstrations coincided with widespread internet disruptions. Internet monitors and activists say the government has crippled communications to prevent gatherings and slow the spread of news on days when large protest turnout is expected.

Sudan’s leading pro-democracy groups had called for nationwide protest against the coup. The takeover upended the country’s short-lived transition to democracy following the 2019 ouster of longtime autocratic ruler Omar al-Bashir.

Since the coup, the U.N. political mission in Sudan, the African Union, and the eight-nation east African regional Intergovernmental Authority in Development group have been trying to broker a way out of the political impasse. But talks have yielded no results so far.

Tunisia Unveils Draft Constitution On Wide-Ranging Powers

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Tunisian President Kais Saied has published a draft constitution that will be put to a referendum on July 25 and gives broad powers to the head of state.

The text, published in the Official Gazette, confirms the expected presidentialization of the regime by stipulating that the “President of the Republic exercises executive power, assisted by a government led by a head of government” whom he appoints.

The president, according to the published draft, will also enjoy wide-ranging prerogatives: he is the supreme commander of the armed forces, defines the general policy of the state and approves laws. He can also submit legislation to parliament, “which must examine it as a matter of priority.

In addition to significantly reducing the role and power of Parliament, the text also provides for the establishment of a second chamber, the “National Assembly of Regions.

The draft constitution also makes no mention of Islam as the “state religion”, as Sadok Belaïd, the lawyer who headed the committee responsible for drafting the text, had already announced on June 6.

This omission aims to combat Islamist-inspired parties such as Ennahdha, President Saied’s bête noire.

The draft constitution guarantees “individual and public rights and freedoms” and states that men and women are “equal in rights and duties. It further stipulates that the right to “peaceful assembly and demonstration are guaranteed.”

The new constitution is to replace the 2014 constitution, which had established a hybrid system that was a source of recurring conflict between the executive and legislative branches and marks a radical break with the existing parliamentary system.

Mo Salah Commits Future To Liverpool With New Contract Signing

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Mohammed Salah has ended the long impasse with Liverpool by extending his contract with the club to June 2025

Liverpool had approached Salah about a new deal in 2021, but talks failed to progress as expected as his current agreement was set to expire in 2023

The 30-year-old has committed his future to the club on terms estimated to be close to £400,000 per week.

Salah had always made his intention that he preferred to stay on Merseyside, where he has become an icon since joining AS Roma in 2017.

The Liverpool forward expressed his delight by saying  “I feel great and [I am] excited to win trophies with the club. It’s a happy day for everyone.”

“It takes a little bit of time, I think, to renew, but now everything is done so we just need to focus on what’s next.”

“I think you can see in the last five or six years the team was always going [upwards]. Last season we were close to winning four, but unfortunately in the last week of the season, we lost two trophies,” he said.

“I think we are in a good position to fight for everything. We have new signings as well. We just need to keep working hard, have a good vision, be positive and go for everything again.”

Liverpool completed a deal for Salah from AS Roma in June 2017 and the Egyptian made an instant impact, notching 44 goals across all competitions in his debut season.

Thirty-two of those came in the Premier League, setting the record for the most scored in a 38-game season in the division.

Plant Bowen: Georgia Power Launches Coal Ash Use Project 

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Millions of tons of stored coal ash would be collected from Georgia Power’s Plant Bowen under a new project involving the utility and Eco Material Technologies.

The coal ash would be used in concrete to construct bridges, roads, and buildings in Georgia and the greater Southeast. Coal ash has been demonstrated to provide significant value to certain products, such as concrete, in which it adds strength and durability.

Georgia Power is calling it the single largest beneficial use project of its kind in the U.S., and the largest ever for the utility.

Eco Material Technologies, a producer of sustainable cementitious materials and cement replacement products, will manage the project at Plant Bowen.

This is the latest development since Georgia Power partnered with the Electric Power Research Institute (EPRI) to open a research facility at Plant Bowen – the Ash Beneficial Use Center – to identify, test and speed the development of beneficial uses of coal ash.

The facility allows for pilot projects and testing of technologies to continue to increase the recycling and use of coal ash.

Infrastructure installation to accommodate the work at Plant Bowen will begin immediately, with ash removal expected to begin by 2024 and increasing to 600,000 tons of ash per year.

The final amount of coal ash harvested and used under this project is expected to be 9 million tons in total.

Georgia Power already recycles 85% of all ash and gypsum, including more than 90% of fly ash, it produces from operations for various beneficial uses such as concrete production as well as other construction products.

Plant Bowen is a 3.5-GW coal-fired power plant situated near Euharlee, Georgia. It is one of the nation’s largest capacity coal-fired plants and its four units were brought online in the 1970s.

Exploring The Blue Ice Runway, Pegasus Field Antarctica

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Pegasus Field is an airstrip in Antarctica, and also the southernmost of three airfields serving McMurdo Station.

Pegasus is actually a blue ice runway capable of handling wheeled aircraft year-round.

The other two are the snow runways at Williams Field that are limited to ski-equipped aircraft and the Ice Runway on the sea-ice available during the summer Antarctic field season.

The field is named after Pegasus, a plane C-121 Lockheed Constellation which is still visible there in the snow after crashing in bad weather on October 8, 1970, and luckily no one on board was injured.

The Lockheed Constellation crashed due to the very low visibility landing conditions that day.

This type of aircraft was the aircraft of the President of the United State, Dwight D. Eisenhower.

The remains of the plane still are left there to this day, buried beneath snow and residing alone in the McMurdo Sound in Antarctica.

Because of that, it attracts many visitors and often gets parts of it dug out for taking pictures.

If the tailpiece is dug out, of course, there you shall see how people have carved out their names all over the orange tail.

What is impressive is that the de-icing gear is still there too. Even though the plane is most f the time buried in snow, it is remarkable that the body f the plane is in god condition, considering the harsh weather elements that surround it all the time.

Over the years it has been covered in snow and ice as well, but people wanting to have memories of the plane, they do dug it out, at least part of it so that the world would see the alluring place where it stands forever and ever.

Nevertheless, the airfield is a major and important link to the rest of the world with Antarctica, where usually flights were allowed during daytime (summer months), except on emergencies, but on 11 September 2008, USAF C-17 Globemaster III successfully completed the first landing in Antarctica using night-vision goggles.

11 Nigerians Deported As FG, UK Sign Agreement To Tackle Illegal Immigration

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Nigeria and United Kingdom flag together realtions textile cloth fabric texture

The Nigerian Government has signed an agreement with the United Kingdom on tackling illegal migration, in line with Britain’s ‘New Plan For Immigration’ policy.

UK Home Office – Britain’s lead department for immigration and passports, drugs policy, crime, fire, counter-terrorism, and police – disclosed this on Friday via its verified Twitter handle.

It explained that the new agreement aimed at deterring illegal migration would enable both countries to work closer together on supporting safe and legal migration and speeding up the removal of foreign criminals.

In another tweet, Home Secretary and member of the UK Parliament for Witham, Priti Patel, described the agreement as a landmark.

The development, she stated, would increase the deportation of dangerous foreign criminals and take the fight to the criminals who smuggle migrants.