Metaverse Urged to Regulate Crypto Risks, BoE Says
The Metaverse could potentially host large volumes of cryptocurrency transactions that could pose risks to users and investors, researchers from the Bank of England said in a blog post on Tuesday. According to Owen Lock of the BoE’s Resilience Division and Teresa Cascino, the Bank’s Fintech Hub, institutions were urged to regulate cryptocurrency use to mitigate meltdown risks in the Metaverse. A statement released by the Bank of England a few hours ago. They’re coming for our JPEGs and the only way we can win this is by onboarding 100M people to the open metaverse ASAP. Figures from Citibank have found that the Metaverse is set to reach a total market value of $13 trillion USD by 2030 and host up to five billion users, leading to the development of a virtual economy.
Source:Libya Today
August 11, 2022 12:43 UTC
Saudi Arabia calls for international efforts to stop Libya becoming terrorist haven
RIYADH: Saudi Arabia supports all efforts aimed at achieving stability in Libya, the Kingdom’s foreign minister said on Thursday. During the Libya Stabilization Conference, Prince Faisal bin Farhan praised efforts made by the new unified authority in Libya to meet the aspirations and hopes of the Libyan people towards achieving a united and sovereign state that enjoys security, stability, and development. Prince Faisal added that the Kingdom’s participation in the conference is a continuation of its policy aimed at reaching solutions that are in the interest of the Arab community and benefit the peoples of the region and the world. “The Kingdom stresses the importance of concerted international efforts to combat terrorism and extremist militias so that Libya will not be a safe haven for these groups, through which they threaten the stability of this country and its regional and international surroundings,” the foreign minister said. The conference ended with a communique stressing the need for confidence-building steps to enable fair, transparent and inclusive elections on Dec. 24, Libyan Foreign Minister Najla El-Mangoush said on Thursday.
Source:Libya Today
August 11, 2022 10:51 UTC
US embassy and AFRICOM look forward to seeing Libyan Army unified
The embassy of the United States (US) and US Africa Command (AFRICOM) said they look forward to supporting continued Libyan-led progress to reunify Libya’s military, including the efforts of Generals Mohammed Al-Haddad and Abdelrazik Al-Nathori, as well as the 5+5 Joint Military Commission (JMC). The US embassy said on Twitter on Tuesday that ambassador Richard Norland explained that with the change of command at AFRICOM, the US embassy to Libya welcomes General Michael Langley and extends its gratitude to General Stephen Townsend for his contributions to supporting stability and promoting security in Libya. "Today also marks the 82nd anniversary of the Libyan Army, a day to note the important role of Libyans in military uniform committed to serving the people of Libya". The US embassy said. The Libyan army celebrated on Tuesday the 82nd anniversary of its foundation by holding a military parade that was attended by the Prime Minister of the Government of National Unity, a number of ministers, the Head of the Presidential Council and his two deputies, Chief of General Staff Mohammed Al-Haddad, military officers, a number of ministers, and members of diplomatic missions in Libya.
Source:Libya Today
August 11, 2022 00:52 UTC
Ulema resolve to counter disinformation campaign against Pak Army: Ashrafi
ISLAMABAD: Prime Minister’s Special Representative for Interfaith Harmony and Middle East Hafiz Tahir Mehmood Ashrafi on Wednesday said Ulema had resolved to counter disinformation campaign against Pakistan Army through thick and thin. He said they will express solidarity with Pakistan Army and counter the negative propaganda drive being run by some miscreants with malafide intentions against them from Mehrab-o-Mimber. He made it clear that Pakistan Army was redline for all of us and certain elements who were talking to disintegrate Pakistan Army would be no more successful in their nefarious designs come what may. On the peaceful observation of Muharram processions and gatherings, he thanked the federal and provincial governments including Pakistan Army for providing foolproof security and managing all the affairs in a better way. He also lauded the Ulema, Mashaikh, Zakir and religious scholars for following the ‘Paigham-e-Pakistan Code of Conduct’ pertaining to Muharram-ul-Haram in letter and spirit.
Source:Libya Today
August 10, 2022 20:48 UTC
Libya appoints a new envoy to Algeria after position is vacant for years
Libya has appointed an ambassador to Libya after the position remained vacant for more than four years. Saleh Mohamed Himma Bakda submitted his credentials to the Algerian Minister of Foreign Affairs, Ramtane Lamamra, on Monday. The Libyan diplomat expressed his "thanks and gratitude to the Algerian authorities for standing with Libya in these delicate circumstances." The appointment of Bakda as the Libyan ambassador to Algeria came after the position was vacant for about four years since Mohamed Mukhtar Mazen stepped down at the beginning of 2018. In October 2021, Algeria appointed the former speaker of parliament Slimane Chenine as ambassador to Libya.
Source:Libya Today
August 10, 2022 18:13 UTC
China says exercises held near Taiwan have concluded
China says exercises held near Taiwan have concludedBy ANI Published: Published Date - 05:25 PM, Wed - 10 August 22Photo: IANSBeijing: China on Wednesday announced that it has concluded its military drills after more than a week-long training near Taiwan, simulating an attack on the self-ruled island. The PLA Eastern Theater Command said it had successfully completed various missions during recent drills around Taiwan and effectively tested the troops’ joint operation combat capacity, state media outlet Global Times reported. “…China has used the drills in its military playbook to prepare for the invasion of Taiwan. It is conducting large-scale military exercises and missile launches, as well as cyberattacks, disinformation, and economic coercion, in an attempt to weaken public morale in Taiwan,” he said. Justifying its large-scale military drills and airspace violations in the East and South China sea, China on Tuesday said that after Pelosi’s visit to Taiwan, the country is now preparing itself for every possible scenario.
Source:Libya Today
August 10, 2022 18:09 UTC
7 new people test positive for Coronavirus in Libya
7 new people tested positive for COVID-19, marking 32 percent of the infection rate, according to a Wednesday report by the National Center for Disease Control in Libya (NCDC). The center also said one person died and 203 have recovered during the same reporting period. The total recorded COVID-19 cases in Libya have exceeded more than 50,000 since the start of the pandemic, while over 490,000 of which have recovered, according to the NCDC. The virus has claimed the lives of 6,434 people. Over two million people received one dose of the vaccination, while more than one million others were vaccinated with two doses.
Source:Libya Today
August 10, 2022 15:35 UTC
Mishri, DiCarlo discuss Libya’s political developments
President of the Tripoli-based High Council of State (HCS), Khaled al-Mishri, has discussed with the UN Under-Secretary-General for Political and Peace-building Affairs, Rosemary DiCarlo, the political developments in Libya. This came during a phone call he received on Tuesday, said HCS Information Office on Wednesday. Al-Mishri explained HCS’ position on the country’s political crisis and its vision to get out of it by organizing elections on sound constitutional and legal bases that would renew the country’s political legitimacy and end the transitional periods.
Source:Libya Today
August 10, 2022 13:52 UTC
Virtual Reality vs Augmented Reality: Understanding 6 Key Differences
Augmented and virtual reality (AR/VR) are technologies that overlay or replace physical environments with virtual content. The degree of immersion in virtual reality vs augmented realityIn VR, the user is completely absorbed in a virtual environment and minimises boundaries and markers. Varying degrees of flexibility and use casesAnother key difference between AR and VR is how the two technologies are used. On a VR headset, 4K resolution quality would require a minimum bandwidth of 500 Mbps, and streaming low-resolution 360-degree VR needs at least 25 Mbps. Furthermore, VR users require 600 Mbps for retinal-grade full 360-degree video experiences.
Source:Libya Today
August 10, 2022 13:06 UTC
Arrest warrant issued against Lebanese merchant who sold hundreds of looted antiquities in Middle East
A Roman mosaic from 500-550 CE currently held in the Metropolitan Museum's collection - Public domain, via the Metropolitan Museum. CAIRO – 10 August 2022: The New York Criminal Court issued a decision to arrest Georges Lotfi, a prominent Lebanese antiquities collector and antiquities dealer. For years, Lotfi has been briefing authorities on the movements of looted and smuggled artifacts. Georges Lotfi, 81, is a former pharmaceutical businessman residing in Tripoli (Northern Lebanon). He has been an avid collector and an active dealer of Roman mosaics for decades.
Source:Libya Today
August 10, 2022 12:31 UTC
Attorney General to investigates bakery use of banned potassium bromate in bread
Potassium bromate had initially been banned by Libya in 2005. The Attorney General’s announcement comes on the back of claims that samples of bread taken from bakeries across Libya were found to contain the food additive, potassium bromate. Potassium bromate is banned as an additive in bread in the UK and Europe. Flour mills under the microscopeThe claims of the use of potassium bromate then extended to Libya’s four mills. The Ministry reported that the attendees of the meeting denied social media claims that flour mills are adding potassium bromate to their flour.
Source:Libya Today
August 10, 2022 11:30 UTC
Egypt affirms support for Libyan democracy, sovereignty
CAIRO: Egypt’s President Abdel Fattah El-Sisi has affirmed his country’s support for efforts to reconcile Libya’s opposing groups and the holding of presidential and parliamentary elections. El-Sisi’s assurances came during a meeting on Wednesday in Cairo with the president of the Libyan Presidential Council, Mohamed Al-Menfi. Al-Menfi’s visit comes a day after El-Sisi held talks with Khalifa Haftar, field marshal and commander-in-chief of the Libyan army, and Aqila Saleh, speaker of parliament. Cairo has been attempting to mediate between the two men, to prevent further conflict from erupting. The UN has faced several challenges in bringing together opposing groups in Libya that would ensure the holding of free and fair elections.
Source:Libya Today
August 10, 2022 10:48 UTC
SyncThink Earns CE Mark Certification for EU Sales
Neurotechnology firm SyncThink has earned its CE Mark certifications to reach ISO 13485 European Medical Device Regulation (MDR), allowing the company’s EYE-SYNC technology to register as a Class I medical device, it announced on Wednesday. The achievement will allow the company to expand its solution across the European Union (EU) region and United Kingdom as it strategically targets major markets for emerging medical tools. Numerous healthcare providers, hospitals, military, sports, and other institutions have trusted and deployed EYE-SYNC for their patients. Gary Gregory, SyncThink Chief Executive, said that the certification was a “tremendous advancement” to providing “objective, reliable measures of neurological function” for European healthcare providers. Rocket VR Health unveiled a novel therapeutic solution for managing patient stress after receiving and recovering from post-operational cancer treatments.
Source:Libya Today
August 10, 2022 09:41 UTC
Will Libyan oil solve global petrol-pump price problems?
After a tumultuous monthslong decrease, Libyan oil production has risen to over a million barrels a day again since mid-July. Stabilizing Libyan oil production, which isn't currently limited by OPEC production caps, could add half a million to a million more barrels of oil to the market per day. Libyan oil has never stopped flowing, though. "Addressing the vulnerabilities in Libya's petroleum product sector is complicated," Badi wrote in a June report on the Libyan oil industry for Germany's Friedrich Ebert Foundation. Oil production was high and the NOC behaved responsibly, Harchaoui continued.
Source:Libya Today
August 10, 2022 09:32 UTC
Police in New Mexico arrest suspect in string of killings of Muslim men, Albuquerque chief says
Muhammad Syed, 51, of Albuquerque, was charged in two of the killings and was called a suspect by police in the two other slayings. Chief Harold Medina said Tuesday the arrest happened after authorities tracked down a vehicle linked to one of the killings. Syed has not been charged in connection with Ahmadi's death, but remains a primary suspect, Hartsock said. “We need to know why.”Albuquerque authorities had bolstered security measures as worries mounted within the Muslim community over the ambush-style killings, the most recent happening Friday. The city organized home food deliveries and access to trauma services through the Albuquerque Community Safety Department for those who need them.
Source:Libya Today
August 10, 2022 01:42 UTC