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Standard Chartered crypto bull still sees bitcoin hitting $500,000 newsthirst.

Jakub Porzycki | Nurphoto | Getty Images Standard Chartered’s bullish crypto analyst still sees bitcoin’s price hitting $500,000 during Donald Trump’s presidency — even after a selloff that sank the world’s largest digital currency to a three-month low. Geoffrey Kendrick, who heads up digital assets research at Standard Chartered, told CNBC he believes bitcoin will…

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Austrian centrist parties reach deal to form government without far right | Austria newsthirst.

Five months after the far-right Freedom Party (FPÖ) finished first in parliamentary elections, Austria’s three leading centrist parties have reached agreement to form a new government without it. The centre-right People’s party (ÖVP), Social Democrats (SPÖ) and liberal Neos, whose first attempt at forming a coalition failed in January, unveiled a 200-page programme aimed mainly…

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Ocado to cut 500 technology and finance jobs as AI reduces costs | Ocado newsthirst.

Ocado is to cut hundreds jobs in its technology teams as part of the loss-making online grocery specialist’s efforts to reduce costs using artificial intelligence to help with research and engineering. The company, which employs 20,000 people, said AI had helped improve the productivity of its engineering team, enabling it to cut 500 roles across…

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