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Saint Lucia National Day
Saint Lucy, a young Christian martyr, perished during the Diocletianic Persecution in 304 AD. Her story of faith and sacrifice has inspired millions across centuries. According to legend, an angelic visitation led to Lucy’s conversion to Christianity. She devoted her life to aiding the poor, distributing her family’s wealth. Her betrothed, from a pagan family, reported her charitable acts to Roman authorities. Lucy’s unwavering refusal to honour Roman gods resulted in her martyrdom.
By the 6th century, Saint Lucy’s veneration had spread widely across Europe, including England, France, and Scandinavia. Her Latin name, rooted in ‘lux’ meaning light, connects her feast day to the Winter Solstice in the Julian calendar—symbolising the arrival of light on the year’s longest night. In Saint Lucia, the National Festival of Lights and Renewal commences on the eve of Saint Lucy’s day, heralding the Christmas season. The capital, Castries, transforms with decorative illuminations, while local artisans compete to craft the most impressive lanterns. A dazzling fireworks display marks the festival’s grand finale.
Ghana records a growth in GDP last seen 6 years ago
This growth follows Ghana’s lengthy debt restructuring and the second year of a tough IMF-backed austerity programme. The International Monetary Fund recently approved a $3 billion, three-year loan for the country to help tackle its ongoing economic crisis. The loan includes an immediate $600 million payout, which is seen as a crucial step towards addressing the nation’s economic challenges. This positive economic news coincides with the election of a new president, following widespread dissatisfaction with the previous government over cost-of-living issues.
Read the original article here: https://www.msn.com/en-za/news/other/ghana-records-a-growth-in-gdp-last-seen-6-years-ago/ar-AA1vF8tc?ocid=BingNewsVerp
Australia orders $5.1 mln fine on Kraken crypto exchange operator
Australia’s Federal Court has fined Kraken’s local operator, Bit Trade, A$8 million ($5.1 million) for unlawfully issuing a credit facility to over 1,100 customers. The Australian Securities and Investments Commission (ASIC) stated that Bit Trade failed to assess the suitability of customers for a margin trading product, leading to losses exceeding $5 million. The product, which allowed margin extensions in digital assets or currencies, was deemed a credit facility by the Federal Court in August, requiring a target market determination. ASIC Chair Joe Longo stressed the importance of such determinations to protect investors.
Read the original article here: https://www.reuters.com/business/finance/australia-orders-51-mln-fine-kraken-crypto-exchange-operator-2024-12-12/
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