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☆ Jamie Dimon says he likes Elon Musk's idea to start a DOGE, or Department of Government Efficiency
  + stars: | 2024-09-25 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +4 min
Read previewJPMorgan Chase CEO Jamie Dimon says he approves of Elon Musk's proposal to create a new department of government efficiency — or, in Musk's words, DOGE. "Ok, so — Elon, this idea about having an efficiency commission, I actually like the idea," Dimon said in an interview with CNBC-TV18, which aired on Tuesday. This story is available exclusively to Business Insider subscribers. AdvertisementDuring the CNBC interview, Dimon said that at the moment, he will not endorse Trump or his opponent, Vice President Kamala Harris, for the presidency. Musk, representatives of Trump and JPMorgan Chase didn't immediately respond to a request for comment from Business Insider, sent outside business hours.
Persons: —, Jamie Dimon, Tesla, Donald Trump's, — Elon, Dimon, Al Gore, Musk, Trump, Kamala Harris, Larry Fink, he's, JPMorgan Chase didn't Organizations: Service, Chase, Elon, Trump, CNBC, TV18, Business, Reinventing Government, Economic, of New, Reuters, Bloomberg, Treasury, JPMorgan Locations: of New York
☆ UK's Jeremy Hunt plans ISA overhaul to boost share ownership, Financial Times reports
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +1 min
British Chancellor of the Exchequer Jeremy Hunt holds a Ministerial Statement at the House of Commons in London, Britain, June 26, 2023. ISAs enable people to hold savings and investments without paying tax on interest or capital gains. According to the FT report one radical option being considered is an additional ISA allowance for investing in UK companies. Other options being discussed include enabling cash savings and stock market investments to be held within a single ISA, rather than separately as they are now, enabling people to save and invest tax-efficiently, the report said. The UK's Treasury did not immediately respond to a Reuters' request for comment on the report.
Persons: Jeremy Hunt, Jessica Taylor, Handout, Akanksha, Leslie Adler Organizations: Financial Times, Treasury, ISA, Thomson Locations: London, Britain, REUTER, Bengaluru
☆ Australia appoints Michele Bullock as next central bank governor
  + stars: | 2023-07-14 | by ( Clement Tan | ) www.cnbc.com   time to read: +1 min
Australia has appointed Michele Bullock as the ninth governor of the Reserve Bank of Australia, the country's Treasury announced July 14. Australia has appointed Michele Bullock as the ninth governor of the Reserve Bank of Australia, the country's Treasury said Friday. Bullock, currently deputy governor of the central bank, becomes the first woman to lead the Australian central bank in its 63-year history, the Australian Treasury said in a statement. "I am committed to ensuring that the Reserve Bank delivers on its policy and operational objectives for the benefit of the Australian people." The RBA is Australia's central bank and banknote issuing authority.
Persons: Michele Bullock, Bullock, Philip Lowe, Lowe, Jim Chalmers Organizations: Reserve Bank of Australia, country's Treasury, Treasury, Australian Treasury, Reserve Bank Locations: Australia, Australian
☆ Zambia to finish cryptocurrency regulation tests by June -minister
  + stars: | 2023-04-12 | by ( Chris Mfula Rachel Savage | Chris Mfula | Rachel Savage | ) www.reuters.com   time to read: +2 min
LUSAKA, April 12 (Reuters) - Zambia is planning to finish tests that simulate real-world cryptocurrency usage by the end of June to help it create regulations that balance citizens' safety with innovation, science and technology minister Felix Mutati told Reuters. The southern African country also needs digital infrastructure, including digital identities, before cryptocurrencies can be introduced, Mutati said in an interview on Wednesday. "Our main goal in the area of cryptocurrency is to strike a balance between innovation in terms of digital payments ... against citizens' safety, particularly given that cryptocurrency is very volatile," Mutati said. "What we are seeing is increased appetite to invest in Zambia," Mutati said, when asked whether any investments under his purview had been delayed, suspended or cancelled due to Zambia's long-delayed debt restructuring. Mutati said the way Chinese loans were contracted during his tenure as finance minister between 2016 and 2018 depended on the project.
☆ Indonesia drafts law enabling media to receive payments from digital platforms for content
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +2 min
JAKARTA, Feb 9 (Reuters) - Indonesia is drafting a regulation allowing media outlets to receive payments from digital platforms or aggregators that carry their content, its Press Council said on Thursday. Digital platforms in Indonesia include Facebook, Alphabet Inc's <GOOGL.O) Google, and some local aggregators. Arif said these platforms benefit from carrying content generated by media companies while "most media receive small profits". Under the new law, the Press Council will determine price structures and payments schemes, while also acting as mediator in the event of a dispute. "Around 60% of advertisement spending were taken by digital media, especially foreign platforms.
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