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A seismic talent shake-up is unfolding as AI rewrites the rules, forcing leaders to decide how — and how fast — to adapt.
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Software investor Expedition Growth Capital has reached a $375m final close for its third fund, 50% more than it collected for its sophomore vehicle.
The post Expedition Growth Capital continues significant fund size increases with €375m Fund III close appeared first on AltAssets Private Equity News.
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Sri Lanka grapples with trauma, loss after deadly cyclone that killed hundreds ReutersBritish women stranded by landslides in Sri Lankan mountains running out of food and water, daughter says The GuardianSri Lanka Declares ‘Largest' Disaster as Cyclone Death Toll Rises to 355 The New York TimesSri Lanka declares state of emergency after floods leave hundreds dead and many missing BBC
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Governments across the globe are exploring or already piloting digital forms of national currencies, which have the potential to enable faster, less expensive retail and corporate transactions — and more secure money transfers.
Central bank digital currencies (CBDCs) can also bolster financial inclusion because customers don't have to have a bank account to hold them; they can instead use encrypted "digital wallets" that exist in the cloud, on a desktop or laptop, or even on USB storage device.
In March, US President Joe Biden issued an executive order calling for more research on developing a national digital currency through the Federal Reserve Bank, or "The Fed." The order highlighted the need for more regulatory oversight of cryptocurrencies, which have been used for nefarious activities such as money laundering. The Fed has been investigating the creation of a central bank digital currency (CBDC) for years.
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