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Transcripts For BBCNEWS BBC Newsroom Live 20240714

A semiautomatic going off really close too, you know, people screaming and hiding and ducking. And coming up the bbc follows police in one of the worlds most dangerous cities cape town where on average eight people are murdered a day. And the duchess of sussex guest edits British Vogues September Issue, focusing on women who break barriers. Good morning. Welcome to bbc newsroom live. Borisjohnson has called for a renewal of the ties that bind our United Kingdom as he makes his first visit to scotland as Prime Minister. Mrjohnson is announcing 300 Million Pounds of funding for scotland, wales and Northern Ireland. Yesterday the scottish tory leader Ruth Davidson said she would not back his plans for a no deal brexit. Mrjohnsons visit comes as more details emerge of the governments brexit strategy. Three new committees have been formed to ensure the uk leaves the eu by the october deadline. Today the business organisation, the cbi, warned the government that neither the uk nor the eu is

Transcripts For CSPAN3 Senate Banking Hearing On Facebook Digital Currency 20240714

Discussion on slave refugee camps during the war. Watch American History tv tonight at 8 00 p. M. Eastern on cspan 3. This past june, facebook announced plans for its own crypto currency called libra. The cocreator of Libra David Marcus answered lawmakers concerned over the Digital Currency before the Senate Banking committee. This is about 2 1 2 hours. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks res

Transcripts For BLOOMBERG Bloomberg Markets European Close 20240714

Proposali think the has huge potential, and i think the challenges for the transaction of the exchange for services and so forth, today, still has lots of obstacles to be overcome, including that of security and privacy. Nonetheless, we look forward to observing and participating in this because i really do think it is the wave of the future. As senator tillis said, we are either going to be responding to it or actively involved and running from it. Thank you. Senator cortez . Senator thank you very much. We appreciate you being here and answering the questions. This is obviously very innovative for all of us and exciting. Have a couple of questions if you thought through some concerns many of us have. One for me is something i dealt with in nevada as the attorney generals the issue of Money Laundering. I know there is clear Regulatory Oversight we have now to address Money Laundering that comes in so many forms, but one is terrorist financing that moneylaundering supports. How will th

Transcripts For CSPAN Facebooks David Marcus Testifies Before House Financial Services Hearing 20240714

We will be active in payments services, congresswoman, and enable all of these people who dont have access modern Payment Systems to move their money around and have access to World Economy and will be in the payments business, as far as colibra wallet. Let in ask you another question on governance. In your open statement you said it would nothing be overpowered by facebook because you would only have one vote. So, in the world of banking, because in my mind its still banking, were dealing with a lot of banks who merged so lets sea with your one vote you would buy stripe or you would buy spotify. Would that now just give you the one vote or guff you more control . Because we know these things merge and get bought out all the time. So if you bought to the things would that give you more power. It would not, congresswoman, because in the way that the governance is currently structured no one entity can have more than one voice or one percent of the vote. So let me go to someone asked bit

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