News & Events

For this day, festivities include grand parades in Kingston featuring vibrant displays of the national colors, cultural performances showcasing reggae and traditional dance, and the Jamaica Independence Festival with contests and concerts. Communities across the island come together for local festivals filled with traditional foods, arts, and crafts, while fireworks light up the night sky. The celebrations often extend from Emancipation Day on August 1, creating a week of cultural pride known as “Emancipendence.”

The Law Commission of England and Wales has proposed a new legal classification for crypto assets, recommending they be recognised as a distinct form of personal property. The current legal framework categorises personal property into tangible and intangible and does not adequately address the complexities of digital assets like cryptocurrencies and NFTs. The Commission suggests creating a “third category” specifically for digital assets to resolve this, ensuring clearer and enforceable property rights. A draft bill has been issued to outline this framework, with further development delegated to the courts. This proposal is under government review, alongside a consultation by the Bank of England and the FCA on using distributed ledger technology for digital securities. The initiative aims to modernise legal structures, supporting the growth and stability of the digital assets sector in England and Wales.

Read the original article here: https://www.msn.com/en-us/money/markets/law-commission-of-england-and-wales-suggests-new-property-classification-for-crypto-assets/ar-BB1r3dF1?ocid=BingNewsVerp

Nedbank Group, a leading South African financial services provider, has reported strong financial results for the first half of 2023. The bank announced an 8% increase in headline earnings, reaching 7.9 billion rand ($427.2 million) compared to 7.3 billion rand in the same period last year. This impressive growth was attributed to several factors, including robust non-interest revenue growth, reduced impairment charges, and effective cost management strategies. Nedbank declared an interim dividend of 971 cents per share, representing a significant 11.5% increase from the previous year. These results, covering the six months ending June 30, 2023, demonstrate Nedbank’s resilience and ability to thrive in challenging economic conditions.

Read the original article here: https://www.msn.com/en-us/money/markets/south-africas-nedbank-half-year-profit-up-on-non-interest-revenue-growth/ar-AA1oiGNv?ocid=BingNewsBrowse