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Nanotech is being utilized in various forms of cancer treatment and it is progressively succeeding in fighting the deadly disease. Researchers have achieved promising results by applying gold nanoparticles to cancerous cells and heating the gold by using infrared lasers. In contrast to removing cancerous cells through surgery, this procedure is non-invasive and does no harm to healthy cells. Nanomedcine is a growing and promising industry. Read more here!
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As already mentioned 2 days ago here, the Anti-Dollar Alliance among the BRICS has successfully created a so-called "mini-IMF", since the BRICS are clearly furious with the IMF as it stands currently.
This is what the world's developing nations just said on this topic "We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness."
As Putin explains, this is part of "a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States and their allies."
Initial capital for the BRICS Bank will be $50 Billion - paid in equal share among the 5 members and will see India as the first President.
The BRICS Bank will be based in Shanghai and chaired by Russia.
Furthermore, "We are pleased to announce the signing of the Treaty for the establishment of the BRICS Contingent Reserve Arrangement (CRA) with an initial size of US$ 100 billion.
This arrangement will have a positive precautionary effect, help countries forestall short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements. We appreciate the work undertaken by our Finance Ministers and Central Bank Governors.
The Agreement is a framework for the provision of liquidity through currency swaps in response to actual or potential short-term balance of payments pressures."
The full Fortaleza Declaration can be found here.
EBay Inc. (EBAY) is working with Sotheby’s (BID) to make sought-after artwork, antiques and collectibles available for auction online.
The companies will begin by placing some live Sotheby’s offerings up for bid in New York on EBay’s website, they said today in a statement. Sotheby’s will be the “anchor tenant” on a redesigned EBay site, with auctions in 18 categories.
Sotheby’s, based in New York, sees “real opportunity” to expand in the middle market, or sales of artworks priced $50,000 to $2 million, Chief Executive Officer William Ruprecht said in a conference call in May.
Germany wins the World Cup games 2014! Super Mario Götze kicked the winning goal against Argentina in overtime.
Now let's see what happens next in Rio this week. As the Inquirer relates, ..., conveniently scheduled at the end of the World Cup, leaders of the BRICS countries (Brazil, Russia, India, China and South Africa) meet in Brazil for a meeting that presents them with a truly historic opportunity.
While in Brazil, the BRICS countries hope to establish a new development bank and reserve currency pool arrangement.
Now the BRICS countries are taking matters into their own hands. Their governments have been diligently putting together two new institutions that hold great promise: a new development bank and a new reserve pooling arrangement.
The development bank would provide financing to the BRICS and other emerging market and developing countries for infrastructure, industrialization and productive development.
The reserve pool would allow the BRICS and other countries to draw on pooled reserves in the event of balance-of-payments crises or threats to their currencies.
When these institutions are launched in Rio this week, the BRICS countries could and should forge a “Rio Consensus”—provided they do not make the same mistakes of other, mostly Western-inspired “models” in the past. The key is to make it a model for global economic governance in the 21st century.
As South China Morning Post reports, a day after Bank of China (BOC) was accused by the state broadcaster of breaking foreign exchange rules by helping people take money out of the country, it has emerged a second state bank has also been offering the service.
Industry sources told the South China Morning Post yesterday that China Citic Bank - controlled by the Citic Group, which in turn is directly controlled by the State Council, China's cabinet - also facilitated the movement of currency overseas, including Hong Kong.
"Both BOC and Citic Bank have been able to do this business only after they got approval from the Guangzhou branch of the People's Bank of China. So the PBOC definitely knows what the business is about," said the source, who declined to be named as he was not authorised to speak to the media.
"The case is not about money laundering but more about whether the mainland banks have got the authorisation to transfer money out of the country," the source said.
On Wednesday, CCTV aired footage showing an employee of a BOC branch in Guangdong coaching an undercover journalist on how to channel large sums of money overseas.
Under Chinese law, citizens are allowed to take only the equivalent of USD 50,000 out of the country each year.
CCTV accused the bank of "blatantly offering money laundering services" and fabricating information through it's money transfer platform Youhuitong.
To find out the real reason WHY the PBOC (China's Central Bank) authorized this strategy and the consequences thereof, contact us here!
As China Daily reports, buying and selling art, which has the potential to make unheard of leaps in value, has long been the dream of well-heeled investors. But the barriers to getting into the game are formidable. What to buy? Who to buy? How much to spend? When to sell?
The International Cultural and Art Property Enterprise on Monday announced the launch of the first fractional art-trading platform in the US.
Developed by Fundamental Interactions, the same group that designed and operates the Bitcoin trading system, the platform allows owners to liquidate and sell either all or partial shares of artworks to the public. Investors and collectors can buy, trade and sell these fractional art units through ICAPE.
"We are eager to introduce ICAPE's trading concept among revered artists and collectors at the first Sino-US cultural exchange," said John F. Wallace, chairman of ICAPE.
"Our model was built with the goal of completely changing the business by giving smaller investors the opportunity to participate in a marketplace and allowing individuals and institutions the ability to raise capital without transferring ownership."
"You will be able to trade art in fractions on your phone, on your apps, on your Android, just as we trade stocks and foreign currencies," Wallace said.
As part of the launch of ICAPE's fractional art trading platform, the first Sino-US Culture and Art Exchange Exhibition Chinese Dream, World Peace will be presented at the Westin New York on Times Square from July 10-14.
The exhibition is the largest Chinese art fair in New York. More than 380 art works from more than 20 artists will be exhibited, including work by well-known Chinese artists Zeng Fan and Gong Qi.
According to Reuters, Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country's cash-strapped autonomous communities.
The regulation, which could bring around 400 million euros ($546 million) to the state coffers based on total deposits worth 1.4 trillion euros, had been tipped as a possible sweetener for the regions days after tough deficit limits for this year and next were set by the central government.
Imagine H2O is a nonprofit organization with a mission to inspire & empower people to solve water problems. Their vision is to turn water challenges into opportunities.
In addition, check-out this Water Infographic by the Visual Capitalist.
For more information & opportunities on Blue Gold, contact us here!
Cointemporary.com is showing one contemporary artwork for a period of seven days.
During that time, the artwork can be purchased with Bitcoin (and with Bitcoin only).
The price for the artwork is fixed in BTC and does not fluctuate along with exchange rates. This is revolutionary in its own way, as it makes Cointemporary one the first places where Bitcoin is treated as an actual unit of account.
For more details on how to promote your contemporary artwork, contact us here!
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