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Bitcoinmagazine
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Strategy Buys $110 Million Worth of Bitcoin
- Strategy has acquired an additional 1,045 Bitcoin for approximately $110.2 million, making it the largest corporate holder of Bitcoin.
- The purchase was funded through Strategy's at-the-market (ATM) sales of preferred stocks, with an average acquisition price of $105,426 per coin.
- Strategy now holds a total of 582,000 BTC with an average acquisition price of $70,086 per coin, valued at $62.8 billion at current market prices.
- Corporate Bitcoin adoption is on the rise, with over 100 public companies holding Bitcoin worth more than $90 billion collectively.
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UAE enforces annual midday break to safeguard workers from summer heat
- UAE's Ministry of Human Resources and Emiratisation reinstates annual Midday Break from 15 June to 15 September, 2025, prohibiting outdoor work under direct sunlight between 12:30 pm and 3:00 pm.
- The initiative, in its 21st year, aims to protect workers from heat-related illnesses, maintain occupational health standards, and ensure safe working conditions.
- Firms must halt outdoor work during specified hours, provide shaded areas, cooling systems, water, electrolytes, and first-aid kits. Some critical tasks are exempt, with approval required.
- Noncompliance by companies can lead to fines of AED 5,000 per affected worker, up to AED 50,000 for repeated breaches. MoHRE will monitor adherence through inspections, hotlines, and campaigns.
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HRKatha
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Scaler gets new CFO in Abhinav Vijayvargiya
- Abhinav Vijayvargiya has been appointed as the new CFO of Indian tech education firm Scaler.
- He previously held senior finance positions at Khatabook, Swiggy, and other companies.
- Vijayvargiya aims to enhance financial discipline, strategic planning, and profitability at Scaler.
- His appointment is part of Scaler's focus on sustainable growth and improved financial governance.
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HRKatha
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Saudi Arabia suspends block work visas for 14 countries, including India
- Saudi Arabia has suspended block work visas for nationals of 14 countries, including India, Pakistan, Bangladesh, and Nigeria until the end of June 2025.
- The suspension of block work visas is expected to impact sectors heavily reliant on foreign labor, such as construction, domestic work, and hospitality.
- The move aligns with Saudi Arabia's focus on Saudisation to increase local employment, with new labor quotas for Saudi citizens set to increase gradually from 2026 to 2028.
- Migrants and recruiting agencies are advised to check visa statuses before travel plans to avoid complications, amidst other recent restrictions like delays in family visit permits and Umrah visa limitations.
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Rockpapershotgun
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Mewgenics, the cat breeding roguelike from The Binding Of Isaac creator, has been delayed to avoid fighting other big moggies
- Mewgenics, the cat breeding roguelike game from devs Edmund McMillen and Tyler Glaiel, has been delayed to avoid competing against other big game releases.
- The release date has been rescheduled to February 10th, 2026, with a new trailer featuring a collaboration with YouTuber MeatCanyon.
- The decision to delay the game was made to ensure it receives the attention it deserves and to launch with a more polished experience.
- Additional development time will be used for polishing, playtesting, adding custom events, cutscenes, multi-language support, and finalizing the mysterious final boss and late-game system.
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Forbes
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Mortgage Rates Today: June 9, 2025 – 30-Year and 15-Year Rates Stand Still
- The average interest rate on a 30-year fixed mortgage is currently 6.83%, while the rate on a 15-year fixed mortgage is 5.85%.
- Homeowners looking to refinance should compare their existing mortgage rate with current rates to evaluate the cost benefits of refinancing.
- The average APR on a 30-year fixed-rate mortgage is 6.86%, while on a 15-year fixed loan, it is 5.9%.
- Mortgage rates are influenced by economic factors, such as U.S. Treasury bond yields, Federal Reserve decisions, and global events, making it challenging to predict future rate decreases.
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Forbes
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High-Yield Savings Account Rates Today: June 6, 2025 – Rates Are Steady
- Savings account rates have remained stable compared to one week ago, with the highest yield reaching up to 5.84%.
- Traditional savings accounts have historically offered low interest rates, but online banks and credit unions now provide higher yields.
- High-yield savings accounts offer significantly more interest than conventional accounts, with rates varying based on minimum deposit amounts.
- Interest rates on savings accounts are influenced by the Federal Reserve's rate adjustments, and financial institutions adjust their rates accordingly.
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Forbes
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Today’s HELOC & Home Equity Loan Rates: June 9, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- HELOCs come in various amounts like $100K, $250K, and $500K, offering different borrowing capacities for different needs.
- Repayment terms vary from 5 years to 30 years, with shorter terms for quicker payoffs and longer terms for lower monthly payments.
- HELOC rates are tied closely to banks and are expected to increase as the Federal Reserve plans to raise interest rates.
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Forbes
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Money Market Interest Rates Today: June 9, 2025 – Earn Up To 4.89%
- The current average money market rate is 0.53%, and the highest rate can go up to 4.89%, as reported by Curinos.
- Money market accounts (MMA) are interest-bearing deposit accounts provided by banks and credit unions, functioning similar to savings accounts.
- MMAs typically offer higher interest rates compared to traditional savings accounts and may provide debit cards and check-writing capabilities for easy access to funds.
- Before selecting a money market account, it is advisable to research different options from various institutions, considering factors like minimum balance requirements, fees, withdrawal limits, and annual percentage yields to find the most suitable one.
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Forbes
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Mortgage Refinance Rates Today: June 9, 2025 – No Movement On Rates
- Today, 30-year fixed refinance mortgage rates remained steady at 6.89%.
- The average rate for a 15-year fixed mortgage refinance is 5.84%, while for a 20-year fixed mortgage refinance, it stands at 6.73%.
- The APR for a 30-year fixed mortgage refi is 6.92%, showing a decrease from the previous week.
- For a $100,000 30-year fixed-rate refinance mortgage, borrowers would pay around $658 monthly in principal and interest.
- A 20-year fixed refinance mortgage comes with an average interest rate of 6.73%, costing about $759 monthly in principal and interest for a $100,000 loan.
- The average interest rate for a 15-year fixed refinance mortgage is 5.84%, with a monthly payment of approximately $835 for a $100,000 borrowed.
- Considerations for refinancing include comparing current rates, loan terms, and potential savings to determine if it's the right choice.
- Factors like strong credit scores, debt-to-income ratio, and monitoring mortgage rates can help secure a lower rate during refinancing.
- National average mortgage rates are expected to stay in the middle-to-high 6% range through the first half of 2025.
- Economic indicators like inflation and unemployment rates can influence mortgage interest rates, guiding homeowners on the best time to refinance.
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HRKatha
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KiranaPro hit by internal breach, salary delays amid data disruption
- Grocery delivery startup KiranaPro faced a major internal disruption last week, initially thought to be a cyberattack but later confirmed as an insider incident involving a former employee with privileged access.
- The disruption caused a loss of critical data, including the customer-facing app, and was found to be caused by a former team member dissatisfied with role changes deleting important server logs during a product test.
- Apart from the internal breach, KiranaPro has also been experiencing salary delays, with employees reporting unpaid salaries for April and May. Some staff mention delays of up to four months, attributed to investor funding delays.
- The startup is making partial payments and promises to clear all dues once funding is secured, but the disturbances in operations have raised concerns about internal governance and employee relations at KiranaPro.
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HRKatha
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Manish Gupta elevated to India president and MD, Dell Technologies
- Manish Gupta elevated to the position of president and managing director for India at Dell Technologies, with immediate effect.
- Gupta, an alumnus of IIM Lucknow, has been with Dell since 2014, previously working at IBM and Lenovo.
- He has held various roles in sales and leadership positions during his career, with a background in data centre and compute solutions.
- Gupta's appointment comes as he takes over from Alok Ohrie and is expected to lead Dell's strategic growth initiatives and sales in India.
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HRKatha
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How this semiconductor company schools its talent for the AI age
- AMD attributes its transformation in the semiconductor and AI industry to its talent development approach, nurturing leadership potential and focusing on deep engineering expertise with strong leadership skills.
- AMD takes a proactive approach to leadership development, treating talent management as foundational and consistently evaluating leadership potential through structured exercises and HR planning processes.
- The company starts nurturing high-potential leaders three to four years before roles become available through coaching sessions, training programs, and enrollment in global management institutes.
- AMD differentiates development paths for early-career employees and mid-career professionals, offering a mix of classroom programs, online modules, and certifications.
- For high-potential employees, AMD provides customised development, including individualised career conversations, leadership coaching, and mentorship, blending technical upskilling with leadership skill building.
- AMD empowers employees to direct their learning journeys through its Higher Education Support Policy, offering flexibility in pursuing meaningful learning opportunities aligned with business goals.
- The company addresses skill gaps by identifying training needs, offering specialised technical training, soft-skills development, and cross-functional experiences based on project readiness assessments.
- AMD measures success through development conversations, feedback loops, and post-training surveys capturing employee satisfaction and enhancement suggestions.
- The International Women in Leadership (iWILL) initiative by AMD focuses on building confidence and leadership paths for women engineers, resulting in improved promotion rates and reduced attrition.
- AMD's talent development approach demonstrates how technology companies are strategically investing in human capital development to maintain competitive advantage during industry transformation.
- By embedding leadership programs in business planning, differentiating learning journeys, and empowering employees with personalised support, AMD aims for a future-ready and resilient workforce.
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HRKatha
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Subimal Mondal appointed president & group CHRO, Deepak Group
- Subimal Mondal has been appointed as president and group CHRO of Deepak Group.
- Mondal, with a background in Mechanical Engineering and an MBA, has extensive experience in HR roles, including a long tenure at Indian Oil Corporation.
- He is joining the multi-division and multi-product Deepak Group, based in Gujarat and Maharashtra, as a part of the leadership team.
- Mondal aims to drive performance-driven human practices and create an innovative working environment at Deepak Group.
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HRKatha
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BlackRock to trim workforce by 1%, to slash 300 jobs
- BlackRock is cutting 300 jobs, about 1% of its workforce, in the second round of layoffs this year.
- The investment firm had expanded its workforce by 14% over the past year following an acquisition.
- Earlier this year, BlackRock announced plans to expand in India, aiming to grow the India team to 3,500.
- The company's focus in India includes enhancing AI capabilities, strengthening fintech presence, and hiring engineers and data experts for technology-driven projects.
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