Bitcoin falls below $40,000 as UAE issues scam alert over DubaiCoin

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Blockchain-based tokens suffered several price dives last week in response to talk of a crackdown in China and tweets by Musk. Photo: Costfoto/Barcroft Media via Getty Images

Major cryptocurrencies plunged into the red on Friday as the crypto market continues its volatility since last week’s massive sell-off. 

The fall comes after Dubai issued a scam warning to investors, after a cryptocurrency called DubaiCoin caused a stir after claiming it was “the official digital currency of Dubai.”

The crypto surged 1000{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} in the last 24 hours, after claiming it was powered by a blockchain developed in the region called ArabianChain.

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All-women construction company a winning idea

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When Sudbury, Ont. college student Kate Keaney conducted a social media survey to weigh interest in the idea of a construction start-up company solely operated and employed by women, the positive responses were overwhelming.

“Everybody loved the idea and how it could promote equality and a lot of them wanted to see it franchised,” says Keaney, a 22-year-old second-year business administration student at Cambrian College.

The survey was part of her pitch for a business idea in a competition at Cambrian called the RBC Future Launch. Keaney took the $3,000 top prize over 14 other entrants for her proposal, a

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Trucking recommendations emerge in report on ‘hard market’ for insurance

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Insurance companies have been paying out more in trucking-related claims than they collect in premiums. But a new insurance industry report makes a series of recommendations to help address rising costs and the struggles to secure insurance in the midst of today’s “hard market”.

“Between 2015 and 2019, in the trucking sector, commercial insurers paid out $1.04, $1.12 and $1.06 in Ontario, Alberta and Atlantic Canada, respectively, for every $1 earned in premiums on a per vehicle basis,” notes the final report on a national commercial insurance task force, issued by the Insurance Bureau of Canada.

(Photo: istock)

“In some

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COVID-era supply chain woes hit the commercial real estate business

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“It is like nothing I’ve ever seen in my career,” says MacGregor, who launched Accend in 2019 after nearly a dozen years with Chicago-based Skender Construction.

Delays in actually getting materials cause an equally thorny problem. With COVID bolstering residential homebuilders—residential construction starts in the Chicago area over the first four months of the year rose 30 percent from the same period in 2020 to $1.6 billion, according to New York-based research firm Dodge Data & Analytics—the nation’s wood supply has been sapped. Now wood door suppliers that would normally get them into buyers’ hands in a few weeks are

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624 digital loan firms barred from sharing client data with CRBs

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Market News

624 digital loan firms barred from sharing client data with CRBs


CBK governor Patrick Njoroge. FILE PHOTO | NMG

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Summary

  • Fresh data shows that Kenya had 1,994 third-party data providers allowed to share borrowers’ loan defaults and payments with Credit Reference Bureaus (CRBs).
  • The banking regulator attributed the fall to the ban, which followed outcry over widespread misuse of the credit information sharing (CIS) mechanism.

The Central Bank of Kenya (CBK) locked out 624 digital lenders and credit-only providers from sharing information on loan payments and defaults

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Ethan Allen CEO Farooq Kathwari Shares Remarkable Personal Journey, Discusses Business and Community Leadership

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HOUSTON, May 28, 2021 — Asia Society Texas Center (ASTC) hosted Farooq Kathwari, chairman, president, and CEO of Ethan Allen Interiors Inc., in conversation with Martyn E. Goossen, Vice Chairman of J.P. Morgan Private Bank and ASTC vice chair, as part of its Muslim Series. The evening spanned topics including Kathwari’s childhood in Kashmir, his remarkable journey from Kashmir to the United States, his rise as a business leader, and his involvement in the community. Many of the topics discussed were a snapshot of Kathwari’s 2019 memoir, Trailblazer: From the Mountains of Kashmir to the Summit of Global

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